View Single Post
Old 12-12-2008, 12:05 AM   #39
CTM
Hall Of Fame
 
Join Date: Jan 2006
Location: Not bababooey and I resent the implication
Posts: 21,029
This is a really complicated issue that I think is being over-simplified..

If American companies need to outsource good paying jobs to cheap foreign labor in order to compete, at what point do American citizens no longer make enough money to buy all the **** they're trying to sell??

Actually, maybe it happened about 15 years ago, but luckily all these new debt instruments were available to allow us to outspend our earnings..
CTM is offline