Originally Posted by
renogaw
once your job is outsoursed to one of these underdeveloped countries, or your business closes down, firing everyone because they are doing work outside the country because it is cheaper, you may change your tune.
we're making all these countries so much more financially stable and strong that we're hurting ourselves. imported products are destroying the american made products in price, and now people in the US are losing their jobs, where the foreign countries are getting stronger. when in history has the us dollar been worth almost the same as a canadian?? the euro is kicking our butt, and everyone wants to send our money out there to make them stronger... when will we worry about making US stronger
The world is changing. In order for the USA to remain an economic leader our working force will have to adapt. We have to remain competitive. Jobs will get outsourced sooner or later... Unless we want to go back to the Tariffs of the 1800's.
Creating stability doesn't hurt us. A more stable world means more trading partners for our exports. (The weak dollar at the moment, btw, allows our American produced products to out-sell foreign made products)
Currencies rise and fall. The US Dollar was weak in the 70's, rose in early 80's, fell again in 85-87 (where it lost half of it's value in 2 years).
In the 90's we saw various currency rise and fall; Early 90's the British Pound and Mexican Peso... late 90's Asia's currencies (including the Russian Ruble)...
Including the dollar. Part of the world-wide recession in 94 was attributed to the weak US Dollar. Clinton made strengthening the dollar one of his priorities his second term.
The weak dollar is an issue that needs to be addressed, no question, but we've seen this before.