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, like the machines that Chinese factories buy and the trucks that ship the Olympic uniforms.
The Cato Institute’s Daniel Ikenson’s adds: “We design clothing here. We brand clothing here. We market and retail clothing….Chinese athletes arrived in London by U.S.-made aircraft, trained on U.S.-designed and -engineered equipment, wear U.S.-designed and -engineered footwear, having perfected their skills using U.S.-created technology.” That’s free trade. Trade makes us richer.
While making the clothes in America would employ some Americans, the excess cost would mean that the Olympic committee had less to spend on other products—many of which are made in America.
Read More at reason.com. By John Stossel.
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The President’s economic policy, still after 4 years is NOT working. He can’t blame George Bush anymore and it is all on his shoulders.
1. http://sweetness-light.com/archive/the-real-jobless-rate-worse-than-reported
2. http://sweetness-light.com/archive/195000-more-americans-were-jobless-in-july
Mitt Romney’s economic plan can and will put Americans back to work and here is how it can be done.
http://www.powerlineblog.com/archives/2011/09/romneys-economic-plan.php
Speaking for myself, I didn’t mind that their clothes were not American made – I didn’t even know that when I first saw them, not grabbing them by the neck and checking the tag. I sprayed my coffee because the kds had BERETS on their heads and looked so dorky- not like our American kids at all…even those who dress to meet Aunt Clara with a wallet full of money don’t look like that? Since when do our kids look so NWO? I am not watching the Olympics because of it, and then our President is so strapped for cash he duns them for their medals? OMG I’m not PC am I. It’s funny to hear the stink called “not made in America” when everyone is thinking “trash them BERETS”….They didn’t take freedom of speech, we gave it away.
Harry,The clothing industry left the US in the 70′s. Reid, what planet do you live on?Check your own labels.Manufacturers could not compete with China’s cheap prices. Demanding cheaper , and cheaper prices has caused this in all US Manufacturing.