Plus China is in horrible financial shape. Much worse than we are.
@kevindavis007 Where did you get that from?
China now manufactures a LARGE percentage of the goods that America needs,not to mention other countries.
For example,I bought an antique truck a guy was advertising nationally,and when I went to pick it up,I asked the guy why he was selling it because it was in such good condition (I drove it home from several hundred miles away),he told me had been a maintenance supervisor at the local Hormel meat packing plant,but the Chinese had bought the plant out,and sent workers there to dissemble it and ship it back to China. Since it would need to put back in working order again ASAP,the Chinese had hired him to move to China for 3 years to reassemble the plant and train the Chinese workers on how to work it and how to repair it.
The stupid SOB was actually bragging about being hired to take away jobs from his friends and neighbors. He got a little steamed when I told him how freaking stupid he was,not only to brag about going to work for the people that put him and lot of his neighbors out of work,but also helping to destroy America's economy in the bagain. What seemed to upset him the most was when I asked him how it felt to sell his son and future grandsons to the freaking Chinese. We damn near came to blows.
To this very day I am still stunned at the total freaking ignorance about reality of some people.
I have also been told,but didn't verify,that GM actually built a new plant in China for the Chinese to manufacture GM automatic transmissions,and sent a whole crew there to live so they could teach the Chinese the proper way to do things.
BTW,the Chinese also put these people up in new apartment blocks rent-free with maids,free transportation,no taxes,etc,etc,etc.
I HAVE to wonder if ANY of those cretins has ever stopped to wonder what will happen if the Chinese just decide one day to stop shipping automatic transmissions,or packaged meat,to America.
How may OTHER American businesses will go bankrupt because of it?