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Myths We Live By

bolier3000m Wrote: Aug 01, 2012 10:19 AM
Mr Stossel is entirely correct and yet the smart move was to purchase the uniforms from a US manufacturer. This tempest in a teapot was entirely foreseeable and therefore avoidable. (Though I have to wonder if there was some governmental non-discriminatory regulation. that forces the purchase from a low bidder - chomp on that thought Mr. Free Market)

The Olympics have gone smoothly despite -- gasp! -- America's team wearing clothing made in China at the opening ceremony.

"I'm so upset," said Senate Majority Leader Harry Reid. "Take all the uniforms, put them in a big pile, and burn them. ... We have people in the textile industry who are desperate for jobs."

Here, Reid demonstrates economic cluelessness. It seems logical that Americans lose if American clothing is made overseas. But that's nonsense. First, it's no surprise the uniforms were made in China. Most clothing is. That's fine. It saves money. We invest the savings in other things,...