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Myths We Live By

RWConservative75 Wrote: Aug 01, 2012 9:49 AM
I don't see what Reaid is so P. O'ed about!? It was his over paid Unions that caused the textile industry to be moved over to sweat-shop China anyway.
MoreFreedom Wrote: Aug 01, 2012 10:04 AM
Reid is upset that he can't overrule the laws of economics which restricts his power.

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,...