from Hacker News

"Made in China" products accounted for only 2.7 percent of consumer spending

by dporan on 8/13/11, 3:14 PM with 12 comments

• by tomfakes on 8/13/11, 5:18 PM

  http://www.evolvingexcellence.com/blog/2011/08/the-fed-disho...

  These guys call BS on the Fed's numbers, and then ask why the Fed deliberately made this complex calculation in a way to deceive what is really happening

• by dimmuborgir on 8/13/11, 4:11 PM

  Of course. Its cognitive bias at work. People are always discontent with their government. Failing to properly understand economics and politics, people exaggerate things to find reasons to accuse the government.

• by nextparadigms on 8/13/11, 4:30 PM

  Why aren't consumer electronics products in there? It seems to me they are only picking those with a high chance of being made in America.

  Also, does this "made in America" refer to the whole product or just the packaging/assembly, while the components are still made in China?

• by known on 8/13/11, 4:54 PM

  Consumerism != Capitalism

• by saturn on 8/13/11, 4:21 PM

  75% of motor vehicle purchases were "Made in America"? That is astonishing. Unbelievable, even.