I'm boycotting the Olympics; are you?

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[this is good]
I am so with you.
Say what you like about China, but don't get pissed for them holding too many bonds. That's like the drug addict being pissed at his dealer for driving a blinged-out Escalade. We buy more of their stuff than they buy of ours and ya gotta pay the bill somehow . . .
Said another way, if the Chinese weren't buying US bonds, interest rates would go up considerably (it's basic supply and demand), US businesses wouldn't be able to grow and prosper, mortgages would become prohibitively expensive, etc . . .
And don't get all indignant about trade. You're tap-tapping on a computer that would cost 2x as much if it were made here or in europe, bot to mention the $39 DVD players, etc, etc, etc. The real answer is better education (to make americans more productive - raising their marginal product of labor) and more trade . . .
[this is good]

Rox,

I think Carter and the black power guys were wrong to take the Olympics to the political level.

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