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Facts are stubborn things
Been aware of these things for some time, but never assembled numbers and references.
Somebody did a nice job assembling them.
http://money.msn.com/top-stocks/post...4-f3e843cc892b
From the article:
Quote:
Misconception: Most of what Americans spend their money on is made in China.
Fact: Just 2.7% of personal consumption expenditures go to Chinese-made goods and services. 88.5% of U.S. consumer spending is on American-made goods and services.
Misconception: We owe most of our debt to China.
Fact: China owns 7.8% of U.S. government debt outstanding
Misconception: We get most of our oil from the Middle East.
Fact: Just 9.2% of oil consumed in the U.S. comes from the Middle East.
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Concerning manufacturing, we make plenty.
We just don't use very many people to do it.
http://www.fool.com/investing/genera...-your-job.aspx
Quote:
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Since peaking in 1979, total U.S. manufacturing positions have fallen by 40% -- a loss of some 8 million jobs. Real (inflation-adjusted) manufacturing output, however, has increased 75%.
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Waiting for the perfect moment is a fruitless endeavor.
Make a decision, and then make it the right one through your actions.
"Whoever watches the wind will not plant; whoever looks at the clouds will not reap." -Ecclesiastes 11:4 (NIV)
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