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Myths We Live By

NV Bill Wrote: Aug 01, 2012 12:20 PM
Like many politicians, Senator Reid has "selective" outrage. For example, he is pushing the development of another solar panel manufacturing plant, ENN Mohave Energy, located near Laughlin, NV. It will, if it ever gets off the ground, employ 2,000 people. The problem is, it is owned by a Chinese company! And will assemble Chinese products! The good Senator is leaning on NV state electric suppliers to commit to buying power from this company. I guess in Senator Reid's mind, clothing is bad, but solar panels is good! It might just depend on where your investments lie....Just saying.

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,...