Patriot
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Joined: 10 Jan 2006
Posts: 471
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 Posted: Fri Oct 27, 2006 9:41 am Post subject: Greenspan minimizes importance of manufacturing |
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| Quote: | He also discussed the shrinking importance of manufacturing to the country's economic might. "Manufacturing is something we were terrific at 50 years ago," Greenspan said, adding that it "is essentially a 19th and 20th century technology."
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http://seattlepi.nwsource.com/national/1155AP_Greenspan_Unvarnished.html
Well I have a scenario that proves that statement wrong.
God forbid that this happens, but what if North Korea jumps ugly with Japan? Condi Rice has already assured Japan that the US would defend them with all our might. If we get into a conflict with N. Korea through Japan, then you can be sure that it would affect our trade with China who is North Koreas closest ally. If China quits shipping all the stuff they make for us, including electronic components that most likely are used in our weapon systems, then I think then Mr. Greenspan would see the importance of manufacturing.
That would really put the US behind the eight ball. The above may be a simplification of a more complicated issue, but I think you can see my point.
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