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Interesting post. Didn't know all that about McCain. And I agree with the author: why send all that cash to Venezuela, Russia and so on?!?

Do tell...

Great link. This is such a fantastic illustration of the beauty (and terror) of global competition. And now I ask the question? Why isn't an American company in the mix? We have the technology, know how and manufacturing capabilities for this industry. In this case, we've got no one to...

Yes and no. This link http://www.businessweek.com/magazine/content/08_26/b4090038429655.htm?chan=top+news_top+news+index_top+story points out that "in areas where the U.S. is at the forefront of innovation—renewable energy, nano materials, solid-state lighting—the U.S. must compete...

I work in IT for a very global company: we have offices and personnel all over the globe. Jobs are quite good right now throughout the industry from what I am seeing. Yes, there is outsourcing: we use a couple of Indian guys on our team as contractors. But we are also hiring state-side...

Then why are our exporters and Germany's kicking butt? Because not every market is a commodity market. That cannot be emphasized enough. I don't believe your argument makes sense considering how well our exporters are doing globally. Let me ask a question. Tata (or China) will eventually...

I think you're going too far here: our exporters are kicking butt.

I agree with the points about the financial services division completely. However, I think the argument about the appliances division is way overblown. Look at what else GE is making. (See below.) It's just odd to pick one of the very best American manufacturers and emphasize on small...

It's interesting: even Dreamworks is going to India: http://www.marketwatch.com/news/story/dreamworks-reportedly-near-deal-indias/story.aspx?guid=%7B3C21EBFF%2D13E0%2D4EDF%2D837B%2DA76E80356F8F%7D

Our domination is under attack. But not because we have given away technology, but because the Other Guys are working harder and faster and putting out more engineers and PhD's: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BWK&date=20080611&id=8759926 Losing Our...

I realize it's a little bizarre to quote yourself, but I wanted to highlight this link showing just how well Brazil's central bank has run things lately: http://seekingalpha.com/article/80921-a-global-game-of-economic-chicken Here's a thought: Are too many countries playing a kind of...

I think you're too oil-centric. We don't need oil to be an exporting nation. Most of the SnP 500 earns huge blocks of their revenue from overseas. And this is increasing every day.

Right now Brazil, Taiwan, Mexico, Columbia, Russia, China, India and about 30 other developing countries all have better run economies than us and MUCH higher GDP growth rates. Their quality of life is going up because their central banks and planners are doing an overall better job and because...

One more comment: whatever you do, don't blame Joe Sixpack going through hard times on China and India. You need to look right here at home for that. Greenspan and the superbubble that the Fed created and then the incompetence of the American banks are what have killed our economy right now...

Remember: This is a transition period. Our entire economy is being reworked almost overnight into a exporting powerhouse. Most companies have fallen into this quite well - that's why you read all the great earnings reports - but many, like Chrysler and GM, don't quite get it yet. But you...

I couldn't find the stats but I believe I read recently that we only export about 11% of GDP. That's much smaller than many other economic powerhouses. We're used to be being the orphaned baby pig trying to suck off every nipple we can find. Well, now Big Mama Pig is gone: we have to...

I'm listening to what you're saying, but I don't buy it. Basically, every American company that sells overseas is going just fine. Serioulsy, look at the recent earnings roll calls. And earnings is what counts around here. Ford is a good example: they're bottom line is improving because of...

Good point...

Here's yet another example of how anti-globalist sentiment is going to hurt our economy: http://www.ibdeditorial.com/IBDArticles.aspx?id=297559097183066 Canada Eats Our Trade Lunch By INVESTOR'S BUSINESS DAILY | Posted Thursday, June 05, 2008 4:20 PM PT Competitiveness: As Congress...

It's a great idea, but the problem is that the internet brings out a lot of low level chest-thumping, nut-scratching behaviors that aren't going to attract economics types. They're going to hash out their thoughts with other students and profs. But keep trying - I guess you never know...