Thursday, January 20, 2011

Deindustrialization of the United States – Facts continued:

Unknown source:

#16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.

#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.

#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

#19 The U.S. Census Bureau says that 43.6 million Americans are now living in "poverty" and according to them that is the highest number of poor Americans in the 51 years that records have been kept.

1 comment:

Unknown said...

David,

Thanks for the posts from the last few days; very eye-opening. I would be interested in getting your opinion and more facts showing how unions and government regulations have contributed to our situation.

Bill