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Who Let the Jobs Out? Who is sending jobs overseas
Tea Party Tribune ^ | December 2, 2012 | Joathon Moseley

Posted on 12/02/2012 7:18:33 AM PST by Moseley

Okay, who stole our jobs?

Democrats accuse Republicans of out-sourcing American jobs. But no one knows how this is happening. Republicans have no idea how they supposedly outsource jobs.

If someone started a petition saying “Let’s repeal section 99 U.S.C. Section 1234 to stop outsourcing jobs,” probably 80% to 90% of citizens and elected officials would rush to sign. The repeal of such a mythical section would probably take 48 hours to pass both houses of Congress and be signed by the President. But how can you repeal something if you don’t know what you want to repeal?

One of Mitt Romney’s great debate moments on October 3 exposed the Democrats’ charade. Barack Obama called for an end to tax breaks encouraging companies to send jobs overseas. Small problem: There aren’t any such tax breaks. Mitt Romney called him on it. Romney said he had been in business for over 25 years. Romney said he had never heard of any tax break encouraging businesses to send jobs overseas. No one seems to notice that the Democrats want to eliminate a tax break or other laws that they don’t identify.

No one seems to know who is responsible… or how the jobs are disappearing. It’s the mystery of the purloined jobs. No one wants jobs to leave. Yet it’s always someone else’s fault.

Curiously, liberals have no problem with illegal aliens flooding America’s job market and stealing U.S. jobs inside America. So are Democrats concerned about American workers? Or do they simply want to smear and discredit Republicans?

So what’s the real problem… and the solution? We have been losing jobs for decades, sinking into a third-world country. American manufacturing has been in decay for a long time.

(Excerpt) Read more at teapartytribune.com ...


TOPICS: Business/Economy; News/Current Events; US: Ohio; US: Virginia
KEYWORDS: china; jobs; outsourcing; overseas
Navigation: use the links below to view more comments.
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1 posted on 12/02/2012 7:18:41 AM PST by Moseley
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To: Moseley
Read the rest of the article at THE TEA PARTY TRIBUNE at:

WHO LET THE JOBS OUT? WHO IS SENDING JOBS OVERSEAS?
2 posted on 12/02/2012 7:20:18 AM PST by Moseley (http://www.curesocialism.com)
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To: Moseley

Cut back excesssive regulations and put a leash on the unions.

Jobs will come back.


3 posted on 12/02/2012 7:29:31 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Moseley

FINALLY. About darn time this was discussed here.

It is long past time for America to stop buying imported goods, and bring back American jobs.

Every other country in the world has it set-up to require either as with China - that goods are actually manufactured there (seems to be working pretty darn well, to this poster)

Or at very least we need to immediately enact import tariffs to favor goods built in America.

Look at the most recent election.

That is because ever more Americans are UNEMPLOYED.

Why in the world are we firing Americans?

BUILD IT HERE. Darn it.


4 posted on 12/02/2012 7:34:18 AM PST by Cringing Negativism Network
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To: Moseley

We are not ever going to be competitive with the slaves of the Chi-coms and the peasants of India unless we adopt their way of life. We could deregulate ourselves that low and give the government and employers total power over us, but who would want to live here then?

We need to ditch global trade and fashion trade with nations that serve our interests and way of life. Global trade serves globalists and no one else. It’s a rush to the bottom of the globe’s sewer.


5 posted on 12/02/2012 7:37:08 AM PST by SaraJohnson
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To: SaraJohnson

Apparently, we will be expected to pile up 10 deep in 1 bedroom apts if we are to compete. (sarc)


6 posted on 12/02/2012 7:49:44 AM PST by MachIV
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To: Moseley

When 53% would rather not work because the government benefits are better, where do you think the jobs are going?


7 posted on 12/02/2012 7:50:59 AM PST by granite (The heart of the wise inclines to the right, but the heart of the fool to the left - Ecclest 10:2)
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To: granite

Do 53% not want to work?

Or have 47% simply sent enough jobs overseas now, that the 53% are left with no alternative but to suck up to the government dole?

That is my point. I don’t know it for a fact, but it seriously now seems we are making it worse, not better, by sending jobs overseas.

BRING JOBS BACK TO AMERICA.


8 posted on 12/02/2012 7:53:17 AM PST by Cringing Negativism Network
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To: Moseley
Curiously, liberals have no problem with illegal aliens flooding America’s job market and stealing U.S. jobs inside America. So are Democrats concerned about American workers? Or do they simply want to smear and discredit Republicans?
The republicans had control of the house/senate/presidency during Bush II and did nothing to solve the immigration issue, in fact, they increased the H1B's so BOTH parties are guilty.

"But then something perverse happened. U.S. factories moved. Instead of purchasing imported products native to poor countries, U.S. factories closed their doors in the U.S.A. and re-opened the exact same factory in another country. They sold the exact same products back into the U.S. market. That’s not what was originally intended."
Exactly! And we are still doing it under the guise of Department of State bribes to people that hate us and the UN payments for disaster relief.
9 posted on 12/02/2012 7:58:12 AM PST by vet7279
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To: Moseley
Years ago the debate raged here.. many argued that losing those "buggy-whip" jobs to China was a good thing and if one of them was yours it was your fault -- you should have known and acquired the skills for better jobs.

Commenting on the "jobless" recovery an Oct 17th 2003 article in Morgan Stanley's Global Stephen Roach wrote of "Imported Productivity" and "income leakage" vis-à-vis business cycle recoveries today compared to recoveries of the past.

"Wage and salary disbursements -- by far the dominant component of personal income -- are basically unchanged in real terms fully 21 months into this [2001] recovery. By contrast, at this juncture in the past six upturns, real wage income has been up, on average, by about 9%. The gap between the current cycle and the norm of earlier cycles works out to a shortfall of about $320 billion in real terms, or 4.4% of the current level of real disposable personal income...

"Sourcing demand through low-cost, offshore labor input has become an increasingly important tactic to enhance the operating efficiency of US businesses... the American workforce is not sharing the benefits. The resulting clash between the owners of capital and the providers of labor has resulted in profound tensions in the US body politic. Imported productivity, together with the jobless recovery and income leakage it implies, is the stuff of heightened trade frictions, mounting protectionist risks, and a populist assault on Corporate America.

". . . In my view, the income leakages of imported productivity raise serious questions about the sustainability of this recovery from an economic point of view. At the same time, the political reaction to the resulting jobless recovery raises equally profound questions about sustainability from a political standpoint."

That was the Bush years where we had a weak (job-loss recovery at times but it was a real) recovery.

Blame unions, taxes, and regulation.. how did foreign companies moving here as U.S. corporation vacated manage?

10 posted on 12/02/2012 8:06:30 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Cringing Negativism Network
Or at very least we need to immediately enact import tariffs to favor goods built in America.

Excellent, just what we need, more regulation.

But we could do it faster if we simply pass a law preventing employers from firing anyone, it works in Europe! Better yet, make 'em hire new workers, we could start at a one to one ratio with existing employees.

We might have enough employed to build a fifty foot wall around all of America to keep those malcontents not thrilled with this plan IN America.

Regulation, I only want one more hit, I can stop anytime I want.

11 posted on 12/02/2012 8:07:04 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: BenLurkin

Yep, DownSize DC!

Free the Nation again.


12 posted on 12/02/2012 8:08:52 AM PST by Texas Fossil
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To: Navy Patriot

Look for a long time we have been the LEAST regulated market on earth.

America jobs have been running overseas now for two decades at least.

For that entire time, the world has not been reciprocating.

We have found ourselves on the short end of that stick.


13 posted on 12/02/2012 8:11:03 AM PST by Cringing Negativism Network
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To: Moseley
Who is sending jobs overseas

ObamaCare.

14 posted on 12/02/2012 8:11:18 AM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month)
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To: Cringing Negativism Network

If the products produced by US companies inside the US are going to be taxed at 35%, it is only fair to levy a stiff tax on imports to level the playing field. Allowing imports free access to our markets while levying high taxes on US products is suicide for the American worker and the US economy.

Not only do the factories pouring goods into this nation not pay US taxes. They get a huge free ride on the US taxpayer. The US Navy keeps the sea lanes around the world open for trade. The Coast Guard provides livesaving and security for ships coming in and out of the harbors. The US Army Corps of Engineers keeps the harbors and waterways dredged. The taxpayer builds the roads and bridges used to move the imports to warehouses and stores. The taxpayer builds the airports and provides the air traffic control system the air cargo freighters use. The customs service inspects goods coming into the country.

When free traders get Congress to eliminate tariffs on imports they ignore the subsidies exporting countries provide the factories shipping goods to the US. Zero interest loans, direct cash subsidies for exports, and currency manipulation are a few of the ways China and other nations subsidize their exports to the US. in addition they put up tariff and non tariff barrier to foreign goods seeking access to their markets.

Free traders argue the economy is more efficient when foreign goods have open access to the US market with no tariffs. It is their view the US firms and taxpayers should bear the full cost of the infrastructure supporting trade, plus carry the full tax burden of the federal government, while imports get a free ride. The free ride, plus the direct subsidies by the foreign nations, create a situation where it is impossible for more efficient US factories and US labor to compete. The big lie is “free trade” is a level playing field and economically “fair”. It is not.

We’ve spent the last 20 years with the grand free trade experiment. It has been a disaster for the US taxpayer, for the US economy, and for the US worker. It is time to end it and resume to a tariff system that levels the playing field for US companies and US labor as well as brings in needed revenue to start paying down the deficit.

Alexander Hamilton’s financial plan that paid off the debt of the Revolution included high tariffs and duties on imports. The nation prospered. The US imposed high tariffs after the Civil War. During the 30 years after the Civil War the foundation of the manufacturing infrastructure that powered our economy until the 1980’s was built. The economy boomed and we had high tariffs that paid for most of the cost of the federal government. Instead of piling more taxes on US companies and US citizens, let’s make the importers pay their fair share.


15 posted on 12/02/2012 8:14:15 AM PST by Soul of the South
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To: Cringing Negativism Network
Look for a long time we have been the LEAST regulated market on earth.

Well, that's one way to argue in favor of higher taxes and more regulation. In any case, and this may be news to you, Canada has a lower level of business regulation than the U.S. (and a lower tax rate).

16 posted on 12/02/2012 8:16:10 AM PST by 1rudeboy
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To: Cringing Negativism Network

With that blithering statement, why don’t you just resign your FR membership and officially join DU, Kos, Huffpo. If you really believe that, you are not near the conservatitve, or historian, you think you are.


17 posted on 12/02/2012 8:18:40 AM PST by C. Edmund Wright ("WTF?: How Karl Rove and the Establishment Lost....Again")
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To: 1rudeboy

Look I am not arguing we have our problems, but the biggest problem we simply refuse to discuss it the export of millions of American jobs.

Bring back US jobs.

Now.


18 posted on 12/02/2012 8:20:40 AM PST by Cringing Negativism Network
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To: Texas Fossil

Downsize DC?

No,

“DC needs to SECEDE from the union!”


19 posted on 12/02/2012 8:21:26 AM PST by hapnHal (hapnHal)
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To: Moseley
This is a very strange article. The author makes some good points, then reaches some absurd conclusions. I mean, look at this odd ball conclusion: Obviously, the Democrats’ War on Business is driving employers out of the United States and pushing jobs overseas. Tea party activists know that well. That is another discussion in itself.

No, that is NOT another discussion in itself. That IS THE disucssion at hand. The war on business, by unions, bureaucrats, taxes, and unemployment benefits, is PRECISELY why the jobs have gone. Period.

20 posted on 12/02/2012 8:23:52 AM PST by C. Edmund Wright ("WTF?: How Karl Rove and the Establishment Lost....Again")
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To: Soul of the South
If the products produced by US companies inside the US are going to be taxed at 35%, it is only fair to levy a stiff tax on imports to level the playing field.

Are you talking about the U.S. corporate income tax? If so, foreign companies pay it for any activity in which they engage in the U.S. (unless there is a specific tax treaty).

So that playing-field is already level. The uneven playing field is created by the U.S. Treasury taxing U.S. companies for their operations overseas, which creates the incentive for them to move away (and creating free-standing foreign subsidiaries).

21 posted on 12/02/2012 8:27:23 AM PST by 1rudeboy
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To: Cringing Negativism Network
Look I am not arguing we have our problems, but the biggest problem we simply refuse to discuss it the export of millions of American jobs.

We discuss it a lot. And it has been repeatedly explained to you that jobs will not be "brought back" by increasing taxes on ourselves.

22 posted on 12/02/2012 8:30:37 AM PST by 1rudeboy
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To: 1rudeboy

I think it is long overdue to simply end all benefits to American corporations which move overseas.

And punish those which import.

Move jobs back to America, and stop importing everything.

We have swung (wildly) in favor of imports. That must end.


23 posted on 12/02/2012 8:31:07 AM PST by Cringing Negativism Network
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To: Cringing Negativism Network
For that entire time, the world has not been reciprocating.

Sure they have, they have been sending Communist agitators and community organizers to infiltrate America, plus investing whopping amounts of their own funds to secure Communists in the Marxist Rat party.

Foreign nations have invested heavily in America's industry that produces socialist big government regulation, law and communist unions. We have plenty of their product, made in America and produced in America by American (government) Union workers.

The final bit of irony is that this product was DESIGNED overseas.

We have found ourselves on the short end of that stick.

It's a hundred years since we should have turned that stick around, you're waaaay too late.

24 posted on 12/02/2012 8:35:12 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Cringing Negativism Network
And punish those which import.

I'm highlighting the above sentence because it is textbook scape-goating. You cannot, on the one hand, claim that the benefit of your policy (jobs) accrues to the individual, but on the other hand, argue that the cost (taxes) accrues to an inanimate object.

25 posted on 12/02/2012 8:37:04 AM PST by 1rudeboy
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To: Navy Patriot

I do not share your pessimism, but we must start now.

If we do not reverse the export of American jobs right now, we will never win back the presidency.

At least as Republicans.


26 posted on 12/02/2012 8:38:05 AM PST by Cringing Negativism Network
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To: Cringing Negativism Network

You know, it’s funny that that the individuals who are involved in shipping jobs overseas complain about the “47%” of people now on the dole, have to now reckon with the fact that those very same people didn’t disappear off of the face of the earth when their jobs were outsourced. Now, they’re faced with have to pay for those people through higher taxes to cover their unemployment and welfare costs, along with subsidizing imported labor legal and illegal. I whole thing reeks of a get rich quick scheme, where the major players are hoping to outrun the impending collapse they’ve initiated, paying off their government cronies, placating the masses, and disappearing somewhere else to start their ponzi scheme again. Sounds like a looting spree to me.


27 posted on 12/02/2012 8:43:29 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Moseley

We are. People are going to seek out their best economic advantage. That’s why calling Democrat voters idiots shows a misunderstanding of reality. They’re just voting for what they perceive as being in their best economic interest. Your toaster breaks. You like toast, so you go to buy a new one. You can buy an American made one for $30 or a Chinese made one for $20. Features are the same. Which one do you buy? I know most people will buy the Chinese one. They believe that they have “saved” ten dollars and they will have that money to buy other things. We have to use our competitive advantages if we are going to manufacture anything in this country. We have tremendous natural resources to provide low cost raw materials for manufacturing. Our workforce is as good as any in the world. Our energy could be quite cheap, but it isn’t. We have excellent means of transportation. What do we need? Leadership. Guts. Gumption. Better, smarter management. A government that realizes that “The business of America is business”. Good, strong American businesses provide the tax money that pays for government. We keep making the mistake of assuming that the Democrat leaders care about this country. They don’t. They care about enriching themselves and keeping the Democrat party in power so they can keep enriching themselves. I’m telling you, if the Democrat voters knew the hearts of their leaders they would string them up.


28 posted on 12/02/2012 8:45:32 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: factoryrat

I’d say it’s sad, really. The government creates the mess, then the government makes it worse, and then people complain about the individuals who ship jobs overseas (while simultaneously arguing that the government can fix the mess it created).


29 posted on 12/02/2012 8:47:15 AM PST by 1rudeboy
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To: Cringing Negativism Network
And punish those which import.

Yes! Let's start with imported oil.

Should we double the price of imported oil? Triple it?

30 posted on 12/02/2012 8:48:28 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Moseley
If someone started a petition saying “Let’s repeal section 99 U.S.C. Section 1234 to stop outsourcing jobs,” probably 80% to 90% of citizens and elected officials would rush to sign.

There is one just like that, and Boehner can do it in January: zero out funding for the EPA.

31 posted on 12/02/2012 8:50:01 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: factoryrat

Bingo.

That is the simple fact the current setup has proven, that the system as currently structured will de-industrialize and ruin America.

Completely.

Time for a (big) change.


32 posted on 12/02/2012 8:50:14 AM PST by Cringing Negativism Network
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To: Soul of the South

I totally agree. Tariffs on imported goods help turn the U.S. from an agrarian society to a manufacturing giant and world power. The only people who really bitched about tariffs in the 18th and 19th centuries was the Old South slaveholding gentry. Those bastards became rich with slave labor and by having control over a crop that could not be competed with by the fact that Europe could not really grow its own cotton.


33 posted on 12/02/2012 8:56:48 AM PST by WMarshal (Free citizen, never a subject or a civilian)
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To: Cringing Negativism Network
Sorry Cringing, I can't help you.

What you propose is simply impossible under Economic Natural Law.

I also cannot make a perpetual motion machine work because of Physical Law (also part of Natural Law).

If I could, I'd be driving a Volt with a wind generator mounted on the roof, and be giving the finger to the Saudi's, Chavez, and Zer0's gas prices and taxes.

Again, ironically, the Volt is an economically unviable, subsidized, crony capitalist, American worker made, in America, technologically substandard, Fascist vehicle that runs on coal.

No sarcasm or denigration was used in this post.

34 posted on 12/02/2012 8:59:38 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Navy Patriot

Well for what it’s worth, I have never advocated buying a Chevy Volt.

:D


35 posted on 12/02/2012 9:02:03 AM PST by Cringing Negativism Network
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To: All
Can't we at least force the "American" corporations to decide between America and funding the Chinese Communists' Peoples Liberation Army; between lobbying Congress for what's best for America and lobbying for what's best for Red China?

To wit, decide to stay here or move all to Red China. They are going to lose everything anyhow when Deng's version of Lenin's New Economic Policy (NEP) is fully implemented. It's accomplished much of its purpose.. the only things left are to see that there is enough wealth to prevent revolution, take the "useful idiot's" property, and put them on a slow boat to America.

Washington Times, June 27, 2005 Thefts of U.S. Technology Boost China's Weaponry (By Bill Gertz)

Rudy Guerin, a senior FBI counterintelligence official in charge of China affairs, said the Chinese aggressively exploit their connections to U.S. corporations doing business in China. "They go straight to the companies themselves," he said. Many U.S. firms doing business in China, including such giants as Coca-Cola, Boeing and General Motors, use their lobbyists on behalf of Beijing. "We see the Chinese going to these companies to ask them to lobby on their behalf on certain issues," Mr. Guerin said, "whether it's most-favored-nation trade status, [World Health Organization], Falun Gong or other matters."

Washington Times article by Bill Gertz in the Congressional Record, submitted by Rep. Frank Wolk
36 posted on 12/02/2012 9:08:56 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: factoryrat
You know, it’s funny that that the individuals who are involved in shipping jobs overseas complain about the “47%” of people now on the dole, have to now reckon with the fact that those very same people didn’t disappear off of the face of the earth when their jobs were outsourced.

You know, it's funny, BUT!

It's not their duty to provide YOU with a job. That is your job.

37 posted on 12/02/2012 9:11:12 AM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month)
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To: Moseley

GE and the CEO is one of OBs jobs advisors. Go figure!


38 posted on 12/02/2012 9:11:37 AM PST by morphing libertarian
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To: 1rudeboy

I agree that the government is a large part of the problem, but they’re not the only party involved in this mess. There are plenty of manipulators from the private sector involved also.


39 posted on 12/02/2012 9:17:58 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Cringing Negativism Network
1rudeboy writes: I think it is long overdue to simply end all benefits to American corporations which move overseas. And punish those which import.

I think Paul Schiffer's proposed bill provides a defensible distinction for when to punish imports. If China is selling a native Chinese product, it is not fair to punish them exporting their products. But if they are building a US product in China that was simply transported to China, I think we can refuse to recognize that as an authentically Chinese product. It is a US product whose factory was simply moved from the USA to China.
40 posted on 12/02/2012 9:23:43 AM PST by Moseley (http://www.curesocialism.com)
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To: Cringing Negativism Network; All
Well for what it’s worth, I have never advocated buying a Chevy Volt.

Well, good, but why?

If it's because of my "ironically" list, well done.

The Volt can be viewed as Communism's product.

I will agree that Americans shouldn't buy Communism's product.

Nor should Communism's product be made in America.

What we need are products made in America that are NOT Communist products.

Big government and big regulation are Communist products.

There is a word for that (or two, to be precise), Capitalist American products.

We need to rid ourselves of the Communist and then the Capitalist will bring back jobs to America as our excellence and competitiveness allow, and those jobs will stay here and evolve as efficient technology does.

41 posted on 12/02/2012 9:26:00 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Moseley

Thanks I hadn’t seen that.

The idea may have serious merit.


42 posted on 12/02/2012 9:26:00 AM PST by Cringing Negativism Network
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To: ROCKLOBSTER

That is true, but how do these unemployed find jobs that are basically non-existent? Crude labor? Nope, the illegals own that market. Start your own business perhaps? Nope, the banks aren’t lending, and won’t lend to the unemployed. Get a degree? Nope, college graduates have to compete against the unemployed and experienced who will work for cheap to survive. The only way out is to drive the wage scales down to the countries that we outsource work to. That is the only way to keep capital from pouring out of this country. And people wonder how socialism/fascism/communism could ever gain a foothold.


43 posted on 12/02/2012 9:33:25 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: Moseley
It is a US product whose factory was simply moved from the USA to China.

Brilliant, so big government, big regulation, and big taxes can reacquire the revenue that excessive regulation, taxes, and fat union bosses drove out of the country in the first place.

The Hostess employees will be thrilled, the price of Chinese Twinkies in the US will be ten times that of the rest of the world. They can look at 'em through the store window while checking the trash can for bottles.

And Moochelle can "afford" another European vacation.

44 posted on 12/02/2012 9:40:20 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Moseley
RE: "I think Paul Schiffer's proposed bill provides a defensible distinction for when to punish imports. If China is selling a native Chinese product, it is not fair to punish them exporting their products. But if they are building a US product in China [for export back to the U.S. that's not a Chinese product and therefore it can be hit with tariffs]."

You mean acknowledge what free trade really is -- what are you? Some kind of protectionist? :)

45 posted on 12/02/2012 9:42:35 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: SaraJohnson
We are not ever going to be competitive with the slaves of the Chi-coms and the peasants of India unless we adopt their way of life.

That's what the globalist and pretend free traders refuse to admit. India, China, Singapore, Pakistan, Bangladesh and other poor nations have populations in excess of 3 or 4 billion people, with hundreds of billions of unemployed and underemployed.

The US with just over 300 million, and throw in the EU and Japan and get up to around 700 million, well those industrialized nations are supposedly going to export as many factories and outsource as many jobs to cheap labor nations as the transnationals care to, then ship goods back to the industrialized nations, and still somehow have strong economies and generate jobs for their own citizens.

Its all a big, catastrophic fantasy as is evidenced by the large and ever growing trade defits, budget deficits and unemployment now throughout the industrial nations. We've been propping it all up with trillions in debt, but the game will end at some point fairly soon.

46 posted on 12/02/2012 9:46:47 AM PST by Will88
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To: Cringing Negativism Network
At one point in time, America was the land of opportunity, until people figured out how to manipulate that freedom for their own ends, at the expense of everyone else, and our country, consequences be damned.
47 posted on 12/02/2012 9:48:35 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: 1rudeboy

“So that playing-field is already level.”

I disagree the playing field is level. If a Chinese factory pays an effective tax rate to the Chinese government of 15%, which is then rebated to the factory on exported goods, the factory pays 0% tax to its home government on the goods it exports. All of the profit is returned to shareholders or available for reinvestment in the firm.

If a US factory competing with the Chinese factory pays an effective tax rate of 35% to the federal government, and 8-10% to the state government, it is not on a level playing field from the perspective of taxation.

When the Macy’s or Walmart buyer visits the US factory and compares its price on comparable products to the Chinese factory’s price, the US factory has a huge cost disadvantage due to the differences in tax policies. Remember, most US companies today are buying directly from overseas factories, not middlemen. The economic comparison the buyers make is factory to factory.

The example above is very real and demonstrates how the playing field is not level. In addition the US taxpayer pays for the US Navy which keeps the worlds shipping lanes open, pays for the Army Corps of Engineers to dredge the harbors for the merchant ships to bring the goods to US ports, pays for the Customs inspectors in US ports, pays for the FAA and much of the capital infrastructure costs of US airports receiving air cargo from overseas, and pays for the US Coast Guard. To level the economic playing field, duties and fees should be assessed on every container brought into the US to help cover the costs of these services. To not charge for these services is to give the foreign factory a free ride. The US exporter pays for these services when it pays its taxes to the US government.

In the absence of tariffs, foreign factories are subsidized by the US taxpayer and in many instances are subsidized by their own governments. To perpetuate this practice by not assessing duties and tariffs is to sustain an economic policy favoring foreign factories at the expense of US factories.


48 posted on 12/02/2012 9:48:50 AM PST by Soul of the South
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To: Moseley

You don’t have to worry about paying for overseas workers’ health care....don’t think that isn’t a huge factor.

Need to find a way to decouple health insurance from employment.


49 posted on 12/02/2012 9:51:01 AM PST by dfwgator
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Comment #50 Removed by Moderator


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