In response to:

Myths We Live By

c136 Wrote: Aug 01, 2012 12:02 PM
There's nothing wrong with buying cheap foreign products, however the fact that we have a massive trade imbalance is a huge warning sign. We are no longer globally competitive due to the huge size of our government. The answer is to shrink the size and scope of government. Unfortunately liberals and conservatives think the answer is to make it illegal to buy foreign products or hire foreign workers.

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,...