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brush

(53,771 posts)
9. True but . . .
Wed Aug 1, 2012, 05:15 PM
Aug 2012

The repug/corporate/teaparty, especially the corporations, know that China and India both have much bigger and growing middle classes than we do so they don't really care anymore whether consumers here can afford their products. They have larger, growing markets overseas. For example, I live in Las Vegas now, a one industry town, where the casino industry has really been hit hard by the downturn, which rippled over to the housing sector (many foreclosures) and all the other sectors of the local economy. Sheldon Adelson, Owner of the Sands Corporation and several casinos here, has opened up huge new locations in Macau which draw customers from mainland China and other Asian companies. Those customers used to come here but his handle in Macau is now 10 times bigger than his take here in Las Vegas. Steve Wynn is also doing the same thing. They basically have no use for us but to extract what's left out of the economy here. And if the name Sheldon Adelson sounds familiar, it should. He's one of Rmoney's big backers, he of the billions make in a foreign country. He was also there in Israel for Rmoney's fundraiser. They'll all on the same page as to who they're counting on for their corporate profits.

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