Think all of our money goes to China? Think again

[ARCHIVED THREAD] - Think all of our money goes to China? Think again

Posted: 8/12/2011 6:02:18 AM EDT

Only 1.2% Of American Spending Actually Ends Up In China

....

In the final analysis, only 2.7% of American spending is on "Made in
China" goods, and only 1.2% of the American expenditure is on the true
cost of the goods. So for every dollar spent on a plastic "Made in
China" "Robert-Cop" doll, 55 cents ends up in the pockets of American companies.

Commentator Doug Henwood says the study should serve as, "an antidote to the widespread belief that the U.S. is hollowed out and all the action is in China."

<snip>

Click on the big red headline for details

Posted: 8/12/2011 6:04:37 AM EDT

[#1]

Then someone's spreading a nasty rumor

Posted: 8/12/2011 6:23:25 AM EDT

[#2]

i find that number hard to believe...
just look t harbor freight, everything is made in china in there. same with most big box stores.
sure the selling company makes profit selling the item, but china sure as hell is getting more than 1%

Posted: 8/12/2011 6:27:50 AM EDT

[#3]

Yep... and the bail out will save millions of jobs

Posted: 8/12/2011 8:13:23 AM EDT

[#4]

The casino advantage on blackjack is only about 0.5% if someone uses basic strategy. I guess that means casinos should all be broke.

[ARCHIVED THREAD] - Think all of our money goes to China? Think again

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Only 1.2% Of American Spending Actually Ends Up In China

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