Quote:
Originally Posted by billyb
Well I guess the experiment of NAFTA, GATT and the WTO did not work?. We use to be able to get out of these situations with our manufacturing companies, but we don't manufacture anything anymore.
We have outsourced that to other countries to do, so now what do we the US, have to sale to the world to get out of this?. My answer is nothing, we have become a debtor nation that owes more than what we are worth. That is never a good situation to be in, even if we had a major war, I don't see us being able to turn this around in time..
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The US manufactures a wide range of products. The US, China and Germany are the big 3 exporters and after that no one else is close.
(2007)
1. Germany $1.3 trillion
2. China $1.2 trillion
3. US $1.1 trillion
And the US manufactures more almost every single year. Not less.
Manufacturing (5 year increments)
1987 $2.4 trillion
1992 $2.9 trillion
1997 $3.8 trillion
2002 $3.8 trillion
2007 $5.0 trillion
Just think of large US companies and the manufactured products will come to mind. Intel, Cisco, Dell, Hewlett Packard, GE, Boeing, Pfizer, Bristol Myers, Deere, Caterpillar, Terex, IBM, etc etc etc.
So what does the US manufacture? machinery, computers, computer parts, transportation equipment, mining equipment, chemical products, plastics.
Most of the world is in or entering a recession. It's not that the "US has to get out of this". Many dozens of countries have to.