Oh, this is just peachy. I'm trying to catch up on Email (mostly chain/borderline spam, though some REAL people actually did send some nice stuff, for which I'm much obliged), and here I come across this little number.
So it sounds like the Chinese are going to take all of the dollars they raked in because we, as a country, stupidly bought goods for practically nothing at Wal-Mart and other big-box retail stores (yep...I did too, though I try to avoid doing so with mixed results generally...more than anyone else, though, thank our spineless politicians for this), leading to the gradual demise of the manufacturing sector of this country that produced textiles, steel, and all manner of quality consumer goods unlike anything that had been previously seen before in the entire world, and now they're going after "name brands" to boost their own market share in this country.
Oh, but we should be glad about this (or so our MSM cousins tell us), because, as the story implies, this could actually lead to keeping more jobs in this country (if you can count a pulley manufacturer's supposedly heartwarming story of saving 40 jobs - a nice, warm, fuzzy media moment to be sure, though that literally is a drop of water in the ocean when you're talking about this country's workforce).
I just came back from a place where too many people took one more spin or roll of the dice than they should have and went bust, and the last damn thing in the world that I want to see is that happening to the rest of our eroding economy (once again, thanks to Bushco and all of the life forms that ensured his continued presence at 1600 Pennsylvania Avenue for this, though as I said above, our slavish kow towing to the Chinese, despite their abysmal human rights record and illegal trade practices, goes back to Clinton and before).
One more note also, by the way: that line in the story about "some lucky Americans saving a whole lot of money" has to do with the investor class, boys and girls. If you're reading this, the "haves" will get chateaubriand out of this, and if we're lucky, we'll get a pint container of Moo Shu Pork.
I'm sure "Outsourced American" will have a take on this shortly also.