In response to:

Myths We Live By

MacBeth51 Wrote: Aug 02, 2012 1:55 AM
Just remember, every item you buy from china is money in the coffers of the Communist party
anonymous Wrote: Aug 02, 2012 9:07 AM
Just remember Communist China is "buying" American debt.........tell CONGRESS, Harry Reid, to STOP spending..........America is broke.............
Harold206 Wrote: Aug 02, 2012 6:23 PM
Thank you, Anon, you make my above point and then some...

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,...