2012 US trade deficit with china was $315 billion:
http://www.census.gov/foreign-trade/balance/c5700.htmlThat is $1,000 per year from every man, woman,and child in the our country.
Or about $6,300,000,000 per state annually. Or about $17,260,274 per state per day.
Can you imagine the impact on our state economies if an additional $17,260,274 per day was spend on goods manufactuered in each one?
Well said Superflux and Brent.
Here is a true story. Walking thru Lowe's where finding something American made is like trying to find dark matter. We were going to do cedar plank salmon on the grill one day. So the kids and I are there, find the cedar planks and figuring that surely these must be from the good ole US of A. Upon looking at the label, "Made In China" or "PRC". WTF??? I spout out.
My kids curious I point to the tag, "Really???". Further reading of the tag and this is what I see.
Cedar product of Canada
Made In China
Packaged in the USA.
So, they cut down a tree in Canada. Stick them on a ship, pollute the hell out of the atmosphere using fuel to get to China. Offload all of this wood(because there are no skilled people in the US that can cut out cedar planks) for some schlupp in China to "fabricate" into planks. Meanwhile unregulated money grubbing businesses pollute the heck out of the Chinese atmosphere(seen in the news, on documentaries about different colored rivers). Then once we have the planks, reload, use more fuel to reload on another ship, float back across the pond, more fuel, then put on a train or truck to get to the cedar plank wrapping factory for labels and plastic. Ship off on truck or train to Lowe's around the country.
What the heck are they paying the Chinese over their? .32 cents a day?
I dislike this whole Chinese manufacturing thing. All of the pollution standards I have to meet, an $800 service on your truck every 60,000 miles? To clean pollution equipment the government says I have to have in order to cut down on my "foot print"? I'd say the Chinese and India are more than making up for anything I can do and they do it recklessly without regard. I say, f.....the manufacturing in China and if I could cut myself off entirely from anything from there I would.
Hacking news, Chinese and Russia? And we still do billions of dollars of business with the Chinese?? Uh, why??? Sure, lets pay them so they can have the best technology, send their kids to our schools or abroad so they can go back home and hack out systems, steal identities. Brilliant logic.....
Ok, rant over.