Lowell is 100% right.
Sure the Chinese buy a lot from us - today. They are also on the fast track to reverse engineer and copy everything we send over there. Tomorrow will be a different story.
The Japan-China comparison is an interesting parallel. Take a look at the bite the Japanese took out of the collective American rear end - and they are just a tiny nation. What size will the bit be the Chinese take? Does anyone here know how much of the US is already owned by the Japanese? It's a staggering figure.
I have to say anyone that thinks the rise of China will be good for the US is a fool. Do any of you have grandchildren? What kind of legacy are we leaving for them? Someday your precious 3 year old will rush home and excitedly tell his wife that he actually had the honor of polishing Mr. Wu's boots.
Does it bother anyone besides me that no one in the US can make a spoon anymore?
