Witling wrote:
Regardless of whomever they are, these three companies together don't really have that much of an impact on the global economy. It's just too big and it's slipping away from us.
The big problem to deal with in the future...OIL! It's going to get ugly out there.
Note to Tman: Get me a job and I'll calm down!
Yes, Cummins, sorry.
Slipping away? I just don't get that. We are more wealthy than ever. GDP is bigger than ever. Worker productivity is the highest in the US in world history.
We heard the exact same gloom and doom stuff in the 1970s during the Cater administration. Look at us now, we are more wealthy and powerful than ever!!!!!
During the 1980's everyone was talking about how much better the Japanese were than us. Look what happened there.
Remember in 1960 when Kruschev banged his shoe on the podium in the UN and said that Russia was going to bury us. We took it seriously. Well it didn't quite turn out that way did it.
For some reason we have this thing where we think our whole way of life is going to crumble away before our eyes. No one else in the world worries about that stuff. We have everything and yet we act like we have nothing.
Our standard of living is rediculas by world history standards. The average American has a higher standard of living then the kings of england just 200 years ago.
We are going through a transition from an Industrial Economy to a IT/Service Economy. Those are better jobs, higher paid jobs. Our economy is producing more high paid jobs than any other country in the world, by a long shot. Some people are hurt by that, just as some people lost their agriculture jobs when the combine was invented.
Look at the stock market for heaven sakes. The fat cats that control all the world financial assets have no problem investing in America. We need to just relax and enjoy our wealth and our position and not worry.