Seems those pesky Chinese don’t want to lend all that money and then be repaid in cheaper dollars. They shouldn’t worry, they’ll never be repaid. Can you imagine the fate of the American politician who says, “Well, this year we’re going to start repaying the Chinese a few billion dollars until the debt is retired?” The screams would be deafening.
@lowCbass By creating a business climate that allows things to be manufactured here for the same costs that they are manufactured there, plus shipping.
However, US businesses are being targeted as part of the prevailing class warfare scheme against capitalism, so it seems we’d rather let a polluting dictatorship that is using our money to stockpile weapons to be used against us make our things for us.
We’re ahead of the game, our town already has a 39 cent store!
Tennessee Ernie Ford had a big hit with “16 Tons”– the corporate vision for the American working class– “another day older and deeper in debt.” Yep, going back to that dollar a day minimum wage, like China’s, would really improve things here at home.
“16 tons” was about coal mining, and I don’t think that Mr. Ford ever got his fingernails dirty from singing about it.
Beating the Chinese at their own game is the only way to solve the issue, and we can do it without all going into the coal mines, but I understand if some folks prefer the methods employed by collectivist states such as Illinois, which chose to raise corporate taxes by 45% as their solution to Chinese competition. It feels good now, but pretty soon those few manufacturers left in the Land of Lincoln will be loading up to move South, or Far East as a result.
I suppose their next move will be to tax remaining businesses at 100%, but 100% of 0 is still 0. When they leave or fold, those who supported the tax increase will solve the problem they created by assigning blame to “greedy businessmen”, and there will be enough people who will find it easier to blame others than themselves and go along with them.
We have the smarts, the infrastructure, and even the available investment capital to lead the world again in manufacturing - safely, environmentally, and at a fair wage. We could laugh at China, if we had the will to. Who’s stopping us?
^Might I add another line from the song: “ I owe my soul to the COMPANY store.” The song depicts the pre-union days. Today the job is still dirty, but minors are highly paid, but not NEARLY as much as the CEOs, and coal IS still our primary source for electricity. (and China’s)
Ernie never mined coal but was a bombardier on B-29s over Japan in WW II- and look how many products we now get from there!
True about the company store, and miners are skilled workers using high-tech heavy equipment (although in consequence, there’s a lot less of them today because of that).
However, why do you let yourself get distracted about what a CEO might make and instead look at manufacturing opportunities as a way to decrease unemployment, ease poverty, cut taxes, increase the overall standard of living, decrease crime, feed hungry citizens, balance the trade deficit, fund healthcare and social security, and reduce the military threat from a dictatorship that is targeting nuclear weapons at us?
We’ve engendered some flaky priorities. Would you deny these benefits to our entire population out of spite because a CEO might someday make a buck on it too?
crmorris1957 Premium Member over 13 years ago
Stop buying cheap Chinese crap.
CogentModality over 13 years ago
^ I don’t believe either one of those fellows are American Indian.
Gypsy8 over 13 years ago
Seems those pesky Chinese don’t want to lend all that money and then be repaid in cheaper dollars. They shouldn’t worry, they’ll never be repaid. Can you imagine the fate of the American politician who says, “Well, this year we’re going to start repaying the Chinese a few billion dollars until the debt is retired?” The screams would be deafening.
.
runar over 13 years ago
Not “How” - it’s “Hu”.
Nemesys over 13 years ago
@lowCbass By creating a business climate that allows things to be manufactured here for the same costs that they are manufactured there, plus shipping.
However, US businesses are being targeted as part of the prevailing class warfare scheme against capitalism, so it seems we’d rather let a polluting dictatorship that is using our money to stockpile weapons to be used against us make our things for us.
Redeemd over 13 years ago
Stop undermining the delusions of socialism Nemesys. It’s all the liberals have left.
Dtroutma over 13 years ago
We’re ahead of the game, our town already has a 39 cent store!
Tennessee Ernie Ford had a big hit with “16 Tons”– the corporate vision for the American working class– “another day older and deeper in debt.” Yep, going back to that dollar a day minimum wage, like China’s, would really improve things here at home.
TruthfulTheocracy over 13 years ago
Ese chino is wrecking my racket! Pretty soon I’ll have to immigrate to China and spek a new language.
Nemesys over 13 years ago
“16 tons” was about coal mining, and I don’t think that Mr. Ford ever got his fingernails dirty from singing about it.
Beating the Chinese at their own game is the only way to solve the issue, and we can do it without all going into the coal mines, but I understand if some folks prefer the methods employed by collectivist states such as Illinois, which chose to raise corporate taxes by 45% as their solution to Chinese competition. It feels good now, but pretty soon those few manufacturers left in the Land of Lincoln will be loading up to move South, or Far East as a result.
I suppose their next move will be to tax remaining businesses at 100%, but 100% of 0 is still 0. When they leave or fold, those who supported the tax increase will solve the problem they created by assigning blame to “greedy businessmen”, and there will be enough people who will find it easier to blame others than themselves and go along with them.
We have the smarts, the infrastructure, and even the available investment capital to lead the world again in manufacturing - safely, environmentally, and at a fair wage. We could laugh at China, if we had the will to. Who’s stopping us?
Dtroutma over 13 years ago
^Might I add another line from the song: “ I owe my soul to the COMPANY store.” The song depicts the pre-union days. Today the job is still dirty, but minors are highly paid, but not NEARLY as much as the CEOs, and coal IS still our primary source for electricity. (and China’s)
Ernie never mined coal but was a bombardier on B-29s over Japan in WW II- and look how many products we now get from there!
Nemesys over 13 years ago
True about the company store, and miners are skilled workers using high-tech heavy equipment (although in consequence, there’s a lot less of them today because of that).
However, why do you let yourself get distracted about what a CEO might make and instead look at manufacturing opportunities as a way to decrease unemployment, ease poverty, cut taxes, increase the overall standard of living, decrease crime, feed hungry citizens, balance the trade deficit, fund healthcare and social security, and reduce the military threat from a dictatorship that is targeting nuclear weapons at us?
We’ve engendered some flaky priorities. Would you deny these benefits to our entire population out of spite because a CEO might someday make a buck on it too?