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Pages: Without technology innovation, we will not be [1]
Author Topic: Without technology innovation, we will not be
natalie

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2011-03-10 11-15-03

Without technology innovation, we will not be able to compete with other nations who can manufacture goods cheaper than we can; so cheap they can afford outrageous shipping costs to move the goods to the other side of the world. We have had a trade deficit for a long time, and this is a serious problem. A trade deficit is the difference between US dollars spent on goods and services coming in, from foreign agriculture to Indian software development, minus US dollars gained by foreigners buying our own good. It represents capital flowing out of our total economy, capital that cannot be used for investment, innovation, or wages. Ironiy, it is likely the neo-Luddite union pushers who have contributed to our decline in exports and the increasing trade deficit. In the last few years it has been propped up by the weakened dollar and the cheap price of grain, which of course has increased our cost of food (more grain exported = higher prices at home). Now that the global economy is weakened, these exports will dry up and trade deficit is likely to increase. It would be best for our economy to focus on job creation and manufacturing at home to reduce our dependence on imports and increase our exports. In order for that to happen, we need new factories that will add pollution, jobs with wages that can compete with foreigners, and and new transportation networks designed to move goods around the US instead of out of major ports. I have no doubt the liberals will line up in opposition against this, while the neo-conservatives will cover their ears and insist all trade is good and a trade deficit is free market capitalism at its finest. *sigh*
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kliebert

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2011-03-29 22-49-06

wrong forum!
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  • snoke

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    2011-05-06 10-30-23

    Job creation is on topic...
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    okane

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    2011-06-13 3-52-16-

    trade deficits arent bad... in fact, they are a sign of prosperity. You cant interfere with the free exchange of goods and services. Capital should be able to flow where it wants to. If the market deems that buying a Honda built in China is its best use, then that should be allowed to happen. I also think the H1B cap should be lifted, but that's another discussion.
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  • Geetha

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    2011-07-02 15-48-25

    Money flowing out doesnt make us poorer If i spend $20k cash on a Honda made in China, that hasnt made me or the nation any poorer. I have a valuable, well-built asset in exchange for my cash.
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    courtright

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    2011-07-18 4-42-45-

    Cars are not assets, they depreciate as the lot. There are rare exceptions to this such as 'collector cars' that many people in the Auto forum talk about, but those require an enormous amount of care and maintenance to get there. But seriously, having a Honda is not an asset. It's having a commodity. Big difference.
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    squillace

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    2011-08-07 21-16-51

    lol...
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  • ketz

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    2011-08-17 8-39-45-

    You debate that? theoretiy consider a car to be an asset, but it decreases in value such that it hardly can be considered one.
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  • Freddi

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    2011-08-25 18-37-19

    lol...assets depreciate...stay awake in acct 101 next time
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    snoke

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    2011-08-26 21-48-51

    ^been posting for seven days straight now
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  • garbarini

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    2011-09-06 5-53-27-

    LOL, yes...where's that toilet picture? My desk is near the bathroom, and i do get food delivered, so that pic isnt that far from the truth :-)
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  • hollon

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    2011-09-16 8-26-30-

    That is a good point. Hrrrm, I don't think I properly factored that in, but I still think it is a short term gain with a long term consequence.
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  • hejl

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    2011-09-24 16-23-11

    hmmm..i take a contrarian view on trade deficits I think they are absolutely meaningless as an indicator on the health of our economy.
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  • hochman

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    2011-09-30 10-57-50

    However, your contrarian view is meaningless because if it's ever shown to be correct it will be largely due to luck
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  • shackleton

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    2011-10-04 5-52-21-

    you are correct....touche! If we set up a contract on Intrade on whether trade deficits were meaningless (and had a way to prove it one way or the other), i'm sure my view would be wildly divergent from the market's. Or would it? Hmmmmmmmmm....
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    haggstrom

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    2011-10-05 12-02-37

    Trade deficits are hardly a sign of prosperity weakness. Using this warped logic, you probably think that a poor person who is over his head in debt is actually much better off than he would be if (s)he had no debt at all. Further, think about this, if they lifted the H1-B cap, jobs like yours would cease to exist because if a company had a choice between hiring you at your so-ed $120 an hour or hiring someone and pay them 1/3 that if they change the job description slightly to edge you out, they'd do it. In cases like that, you can't fight companies like Fidelity and the like - all you'd end up doing is distancing yourself even more than you already have.
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    Teddi

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    2011-10-06 13-07-56

    answers.com differs with you An accumulated deficit over several years (or centuries) is referred to as the government debt. Often, a certain part of spending is dedicated to paying of debt with certain maturity, which can be refinanced by issuing new government bonds. That is, a fiscal deficit leads to an increase in an entity's debt to others. A deficit is a flow. And a debt is a stock. Debt is essentially an accumulated flow of deficits.
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    zerlina

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    2011-10-10 0-56-59-

    They aren't talking about the trade deficit You're a fucking moron.
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    knabb

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    2011-10-10 15-42-32

    wow...i gave that tard too much credit i think he actually thinks the US trade deficit and gvt deficit are the same thing LOL
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  • conan

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    2011-10-11 6-55-54-

    Clearly you need to go back to sleep source. The only tard we see here is you.
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  • orser

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    2011-10-11 6-56-30-

    nope...trade deficits dont neet to be repaid
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  • meyerson

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    2011-10-12 17-25-24

    You're an idiot.
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    lauman

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    2011-10-14 20-56-44

    Yep, good post. We really should be focusing on job creation at home. And the agendas from both ends of the policital spectrum do impede any progress in this area.
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  • oberlander

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    2011-10-15 17-17-27

    It's easy for people to say that businesses shouldn't hire foreigners, and they should give jobs to Americans with these hefty paychecks for work that isn't really worth much, blah blah blah. It's also true that people who say these things usually have NO idea how much it costs to run a business, the risks involved, etc.
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  • rosener

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    2011-10-15 23-35-46

    exactly...forget about Liberal vs Neocon theory The practical truth for many small business owners is that there is more competition than ever, and if they dont compete by offshoring/automating work, they will go bankrupt and there wont be *any* jobs. Agenda based shills dont understand that.
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  • moede

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    2011-10-16 21-45-38

    Dude, most of us here know this already (that American companies feel the pressure to offshore/automate).
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    takemoto

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    2011-10-17 4-48-48-

    really? ...it sure doesnt seem that way There seem to be plenty of tards who advocate more unionization, tariffs, higher min wage, lower H1B cap, etc
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    mehrens

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    2011-10-17 11-47-58

    Okay, perhaps not most But a significant number do.
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    guimont

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    2011-10-19 7-22-52-

    ok..i agree
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