Originally Posted by valanhb
And perhaps y'all don't think that the basis of our economy is sound, but I happen to agree with McCain. I do think that our economy is fundamentally sound. Yes, we are in a crisis right now. Yes there were some major mistakes made on the part of both parties through at least 5 administrations going back to and including the Carter administration. But the basis of our economy, the fundamental backbone of our economy being capitalism based on the work ethic and ingenuity of Americans, IS strong. No matter what happens with this crisis, we will recover and we will build a stronger economy out of it, just like we have with all of the economic crises of the past. If you don't believe that we can recover, then you can make fun of McCain for saying that our fundamental economy is strong. And you are more than welcome to find a better economy elsewhere in the world too.
I am not as optimistic as you. And if that last sentence was a veiled "if you don't like it then leave," then I can't say I care for that.
Both my husband and I have our own small businesses in the manufacturing sector and from what I see, things are changing and not for the better of the US. More and more goods are being produced in China - raw materials, parts, assemblies and that means jobs being lost forever. The way things typically work is that of someone has a new design, they will make prototypes and short runs on a small scale to make sure it is feasible, but as soon as it takes off and they need quantity, off to China it goes. Large companies set up their own factories. Small companies (< 20 people) go through brokers to outsource to China in order to save cost and be competitive. Today we laugh at the poor quality but given them 10 years and they will have figured out how to produce quality goods, the same way that the Japanese did.
As a country we have to get off our high horse and stop thinking we have some kind of inherent advantage over other countries. Our schools have been dumbed down to the point where many small companies who want to hire workers can't. The kids don't have simple skills like being able to handle fractions and simple arithmetic that they need to work on machinery. When the current workforce that is 50+ retires they are going to be in trouble. At the same time the Far East has been aggressively pursuing improvements in their educational system. This kind of thing scares me long term:
|The scores from the 2006 Program for International Student Assessment showed that U.S. 15-year-olds trailed their peers from many industrialized countries. The average science score of U.S. students lagged behind those in 16 of 30 countries in the Organization for Economic Cooperation and Development, a Paris-based group that represents the world's richest countries. The U.S. students were further behind in math, trailing counterparts in 23 countries.
"How are our children going to be able to compete with the children of the world? The answer is not well," said former Colorado governor Roy Romer, chairman of Strong American Schools, a nonpartisan group seeking to make education prominent in the 2008 presidential election.
If this keeps up we are going to be a nation of citizens who sue each other and sell each other insurance because those will be the only jobs left. My belief is that the fundamentals of the economy rest in part on a solid educational system. And the current state of our educational system troubles me very deeply.