Not made in America any more

headrott

I gotcha Scott. It was more of a joke than a "jab". I forgot to put the next to the sentence. Nothing to be scared of, just need understanding of why it's happening. That's the important thing to think about.

Greg

Edit: I ended up being able to add the .

BlueFox

headrott wrote: »

If I am not mistaken I believe Cadillacs are made in China.

For the Chinese market. Many cars are made in China for the Chinese market. Sort of how Toyota builds cars in the U.S. for the U.S. market. It is cheaper than shipping them over the ocean.

headrott

BlueFox wrote: »

For the Chinese market. Many cars are made in China for the Chinese market. Sort of how Toyota builds cars in the U.S. for the U.S. market. It is cheaper than shipping them over the ocean.

That's true about the Chinese Cadillacs, but still does not change the fact they are built there. The United States market gets to buy (some) Cadillacs made in Mexico instead.

Greg

nooshinjohn

And Buick builds half a million cars a year in China, for the Chi-coms... The trouble is that due to overbearing tax regulation, what is spent in China, stays in China and never comes home to be used to improve our own products that are sold here.

When Toyota makes a billion dollars here, selling U.S. built cars and trucks, most of that money goes back to Japan, and then is re-invested as they see fit. Some will even find it's way back here. For GM, profits made in China/Mexico/Europe or where-ever, are taxed at better than 40% before that money can clear an escrow account and back into company coffers. This is just one of the huge reasons for the divestment made by American companies here at home.

Coca~Cola for example, would need to pay BILLIONS in taxes on foreign profits IF that money came back home. It is far cheaper, and as business has learned, easier to shed jobs in the U.S. and invest overseas just to save the taxes.

gimpod

ESavinon wrote: »

We are becoming a nation of Attorneys and Consultants.

Big Dawg wrote: »

You say that like it's a bad thing....

It is a bad thing, we all can't be Attorneys and Consultants. After all who are the Attorneys going to sue, The Consultants. It seems like the only thing we make in this country any more is bad loans, bad laws and bad wars.

There I said it, you can all start flaming my butt.

sucks2beme

I'm on hold as we speak with the *ssholes in India who can't seem to read my
Planned event notification. So a 10 minute job is going to turn into 40 minutes
at least, assuming they can understand what I'm about to tell them.
Ant then in the morning, I'm going to try and tell another one of them
why I can't do his job and mine. He's either going to learn, or crash and burn.
And the damn managers that thought it was a good idea can explain his
failure to the customer.

inspiredsports

TroyD wrote: »

This phenomenon has been going on for decades.....

The fact is, we consume WAY more than we can produce so do the math.


BDT

So true, and it's easy to consume more than you produce when you don't produce anything.

But that's about to change. We will continue to not produce, but consumption will also disappear soon as market liquidity (money) is about to dry up.

We will look back at the financial horrors of 2009 as the good old days.

tonyb

Market liquidity about to dry up ?? Haven't you been paying attention to the Fed ? Printing up over 600 billion dollars and investing another 300 billion to buy our own debt ? Thats nearly a trillion bucks between now and the 2nd quarter of next year. Devalue the dollar ,force inflation. Think of it as a tax increase without having to call it one. Food prices are going up folks. Just one bad policy decision after another.
It will be interesting to see what happens soon as they will need to vote on raising the country's debt ceiling. You raise it, they'll spend it,borrow it. You don't raise it, government shuts down from lack of funds. Of coarse you could stop spending like a divorced hollywood wife but fat chance of that happening before the new congress gets seated. Lots of coin is still sitting on the sidelines....lack of confidence. Maybe by next summer we can see somewhat if investors have enough confidence to risk some dough here. On another note about what the fed is doing, ask yourself who benefits ? Certainly not you. I also find it funny as to the timeing of it at the midterms. While everyone is watching and talking elections,the fed comes up with a plan to print money to buy our debt days after they sat before congress and said they would not do that. The old watch this hand so you don't pay attention to the other hand trick. Something else is going on here,can't put my finger on it yet,but I will sooner or later. All I know for sure is everything this administration does, has a theme, and is calculated very carefully.

tonyb

John,
You brought up some good points early on in the thread. I also agree on this stupid global government thing and it may or may not be tied to what the fed is doing. If history has taught us anything, centralized power breeds greed,corruption, and an excessive desire to destroy. Our founders knew this, which is why they created the different branches of government so as to not centralize it in one branch.
I was reading a book the other day, on our history, have lots of them and don't recall which one, but at a gathering of the continental congress, a man stands up to ask Benjamin Franklin..."What have you given us ?" Ben replied, " A republic Sir, if you can keep it." How true, it is always up to us to "keep it", for there will always be those who wish to destroy it.

nooshinjohn

tonyb wrote: »

John,
You brought up some good points early on in the thread. I also agree on this stupid global government thing and it may or may not be tied to what the fed is doing. If history has taught us anything, centralized power breeds greed,corruption, and an excessive desire to destroy. Our founders knew this, which is why they created the different branches of government so as to not centralize it in one branch.
I was reading a book the other day, on our history, have lots of them and don't recall which one, but at a gathering of the continental congress, a man stands up to ask Benjamin Franklin..."What have you given us ?" Ben replied, " A republic Sir, if you can keep it." How true, it is always up to us to "keep it", for there will always be those who wish to destroy it.

Not long ago, I stood upon the very soil where those word were spoken. To be in the very place our nation was born, is awe inspiring to say the least, The sense of pride, however, quickly deminishes to profound sadness when you look around Independence Hall and see the urban blight and decay that surrounds this sacred soil.

We need a National Awakening, and it must start within each of us. It must start now....

inspiredsports

I said it the wrong way. There will be tons of money chasing essential goods that increase in price even faster than the money supply, leaving no money available to chase non-essential goods.

The bottom line is we need to build stuff here so if worse comes to worse we can barter. We can't do that now because everyone is a service worker or middle man.

tonyb

nooshinjohn wrote: »

Not long ago, I stood upon the very soil where those word were spoken. To be in the very place our nation was born, is awe inspiring to say the least, The sense of pride, however, quickly deminishes to profound sadness when you look around Independence Hall and see the urban blight and decay that surrounds this sacred soil.

We need a National Awakening, and it must start within each of us. It must start now....

Ya know, I could never understand just how crappy it is around our nations capitol. You would think....eh, never mind. It is awesome as you said to stand there and think of our history. I'm reminded of a skit George Carlin did, I'll have to find it. Found it.

http://www.youtube.com/watch?v=hYIC0eZYEtI

inspiredsports

sucks2beme wrote: »

Well, I don't have an answer. But I darn well know money going out with none coming in means sooner or later the check bounces. Then what, smart guys?

The Fed just answered that last week. They didn't simply shift gears, they actually changed the drive ratio of the transmission to about triple the speed at which they can inject money into the system. And China's president (and other world leaders) just reacted with some not so veiled words stating they want the dollars we borrowed from them, not the soon to be worthless dollars being printed. If you think the 21% (or thereabouts) prime lending rate of 1980-1981 was bad, just watch. That is the "then what".

It is really sad that we have outsourced basically everything.

inspiredsports

Bobsama wrote: »

One possible solution would be to stop layering on taxes on both business and industry. Perhaps cut taxes to <10% on businesses that manufacture exclusively on US soil. We have the manpower and the intelligence to manufacturer everything needed by Americans in America. The story is much the same in Europe as well. One flat income tax should cover all bases.

You are correct that industry can do it, but not if we are saddled with the bill to support tens of millions who want to accept the hand-outs that have been legislated.

I know many who are younger and healthier than I who accept welfare and/or unemployment simply because they "don't feel like working right now" and can comfortably and almost anonymously keep receiving benefits with no questions asked.

These programs are legislated, but the funds these people are taking aren't really there, so the legislators just keep borrowing. When you realize that what they have borrowed can't ever be paid back and that we are literally bankrupt, it means they've imposed an effective tax rate on us in this country of 100%.

mhardy6647

I learned today that "Smart manufacturing" is said by many contemporary think-tanks (and believed by many too-large US-based corporations) to be the last great hope for Western manufacturing industry.

I infer from this, then, that all of the prior manufacturing was not too bright, and I guess the East isn't smart enough to have already thought of smart manufacturing?

This is but one of the reasons I am looking forward to retirement.

inspiredsports

headrott wrote: »

If I am not mistaken I believe Cadillacs are made in China. (There's nothing that says luxury class of GM cars made in one of the lowest quality control standards on Earth.) So, it makes sense for them to buy as much stock as they can. Hell, at the rate they are buying, they'll own GM.

Greg

If you understand where GM's financing comes from, you will understand China alread DOES own GM.

cstmar01

inspiredsports wrote: »

You are correct that industry can do it, but not if we are saddled with the bill to support tens of millions who want to accept the hand-outs that have been legislated.

I know many who are younger and healthier than I who accept welfare and/or unemployment simply because they "don't feel like working right now" and can comfortably and almost anonymously keep receiving benefits with no questions asked.

These programs are legislated, but the funds these people are taking aren't really there, so the legislators just keep borrowing. When you realize that what they have borrowed can't ever be paid back and that we are literally bankrupt, it means they've imposed an effective tax rate on us in this country of 100%.

I think we should propose that anyone who takes the welfare and just never bothers to try to get a job or just plain doesn't want to (there are a lot of them trust me) that they should just start digging a big ol' hole in the ground. That way we just have a straight line to china so I can just fling myself into it and fall out the other side and end up where everything comes from anyway.

Cut down on transporation cost because its just a straight shot, shortest distance is a straight line.

nooshinjohn

cstmar01 wrote: »

I think we should propose that anyone who takes the welfare and just never bothers to try to get a job or just plain doesn't want to (there are a lot of them trust me) that they should just start digging a big ol' hole in the ground. That way we just have a straight line to china so I can just fling myself into it and fall out the other side and end up where everything comes from anyway.

Cut down on transporation cost because its just a straight shot, shortest distance is a straight line.

Now that's a "shovel-ready" stimulus job I can support!:biggrin:

cstmar01

nooshinjohn wrote: »

Now that's a "shovel-ready" stimulus job I can support!:biggrin:

at least they are doing SOMETHING.

Better than getting mad at a mayor and killing him because ya know asking people to work for a living is a terrible idea.

(and no I'm not joking, this was done in E. St Louis area and they proceeded to murder him, people in the area say it was because he was against gangs and stuff, but who knows).

tonyb

Yep, working for living. Heaven knows we need to instill that theory more instead of get what you can from the big bad white government that morons like Sharpton spew out every day. It's a mindset that has been left to foster and grow by many groups. We have to end giving all hate mongers our tax money and those wishing no good on our country. I'll defend your right to say what you will, but I don't feel a need to support it with my tax money.

dudeinaroom

cstmar01 wrote: »

at least they are doing SOMETHING.

Better than getting mad at a mayor and killing him because ya know asking people to work for a living is a terrible idea.

(and no I'm not joking, this was done in E. St Louis area and they proceeded to murder him, people in the area say it was because he was against gangs and stuff, but who knows).

What mayor is not against gangs???????

sucks2beme

dudeinaroom wrote: »

What mayor is not against gangs???????

Depending on the city and gang, they often are footing the mayor's
election. That's what drove NYC for decades back in the bad ol' days.
The same was true until only a decade ago in the big easy.
What they say and what is don't always match.