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It puts American farmers, industry, and service out of business. I mean after all, why not hire someone who will work for about sixty cents an hour? That person is glad to get the work and only has to pay a few hundred dollars for his house. Why pay an American who has a hundred, two-hundred, or more- thousand mortgage to pay, car payments, school loans, etc... 
Sometimes though, being in the world is a real bummer. One can only look forward to that new world we really are of.