Posted on 09/18/2011 9:43:23 AM PDT by Cringing Negativism Network
Was half-watching Fox and Friends this morning, when the topic turned to Donald Trump.
At first I was worried they might say, he's decided to run. That could be bad.
That wasn't what they said, to my relief, but what really surprized (and rather enthused) this poster came next...
As far as I know, China's protectionist laws require the money be re-invested in China. Thanks for asking.
LOL, you suspect wrong. Let it go man. Perry will NEVER, ever raise the birther stuff. If asked he will distance himself as much as humanely possible from it. Birther conspiracies will play absolutely no role in the 2012 election. None. Zilch, Zero.
Interesting to note, as well, that you didn’t talk about Boeing, or Caterpillar, or IH, or the others... Just Buick. Sure, Boeing is moving more production overseas - can you blame them? They’ve got the Federal Government trying to stop them from USING THEIR OWN FACTORY IN NORTH CAROLINA! They have a Government who is putting the good of the union well ahead of the good of Boeing... So of course they’re moving more and more production overseas.
When it’s cheaper and easier to make parts for your plane in Japan and Italy and then fly them here to the US for final assembly, you KNOW that we’re just so screwed up internally... Italy and Japan? Two of the most expensive countries in the world? Yep - the US Government has made our own economy so uncompetitive for US manufacturers that it’s cheaper and better to go to places like Italy and Japan to do your manufacturing, rather than doing it here.
So the question becomes, how do we open those markets overseas, especially a market like China where the domestic market is exploding? How about India, or SE Asia? What’s the key?
We can raise tariffs here and try a trade war - and hope that China, India, and SE Asia doesn’t turn to its own internal production to meet it’s own internal demand. Tariffs force their own consumers to buy their own domestic product, essentially shutting down those countries to our products. Shutting us out of the growing populations and massively growing economies of the world.
OR, we can cut the shackles we’ve placed on our own businesses via the world’s highest taxation and massive regulation, and let them compete without their legs tied together. Eliminate the corporate income tax. Roll back any regulation implemented since the mid 90s. Let US business compete on a level tax and regulatory basis with the EU, Canada, Japan, and Taiwan - and we’ll kick serious butt.
Me, I’d rather not give the Government any more control or say in the economy - it’s screwed it up so bad already, I simply do not trust it to get it right.
Interesting to note, as well, that you didn’t talk about Boeing, or Caterpillar, or IH, or the others... Just Buick. Sure, Boeing is moving more production overseas - can you blame them? They’ve got the Federal Government trying to stop them from USING THEIR OWN FACTORY IN NORTH CAROLINA! They have a Government who is putting the good of the union well ahead of the good of Boeing... So of course they’re moving more and more production overseas.
When it’s cheaper and easier to make parts for your plane in Japan and Italy and then fly them here to the US for final assembly, you KNOW that we’re just so screwed up internally... Italy and Japan? Two of the most expensive countries in the world? Yep - the US Government has made our own economy so uncompetitive for US manufacturers that it’s cheaper and better to go to places like Italy and Japan to do your manufacturing, rather than doing it here.
So the question becomes, how do we open those markets overseas, especially a market like China where the domestic market is exploding? How about India, or SE Asia? What’s the key?
We can raise tariffs here and try a trade war - and hope that China, India, and SE Asia doesn’t turn to its own internal production to meet it’s own internal demand. Tariffs force their own consumers to buy their own domestic product, essentially shutting down those countries to our products. Shutting us out of the growing populations and massively growing economies of the world.
OR, we can cut the shackles we’ve placed on our own businesses via the world’s highest taxation and massive regulation, and let them compete without their legs tied together. Eliminate the corporate income tax. Roll back any regulation implemented since the mid 90s. Let US business compete on a level tax and regulatory basis with the EU, Canada, Japan, and Taiwan - and we’ll kick serious butt.
Me, I’d rather not give the Government any more control or say in the economy - it’s screwed it up so bad already, I simply do not trust it to get it right.
Bzzzt. Wrong. There is no tax on moving capital OUT from China. You earn a dollar in China, you can take it out - without tax or penalty.
So, let's say your GM and your Chinese division has earned a few billion dollars in profit. You can always take it out from China - no penalty from China. But then you need to pay 39.6% tax when you bring it back to the US.
Or you can leave it in China, and use it to grow your company there. Or move it to India. Or Indonesia. Or South Korea. Or Germany. Or Brazil. Or anywhere else in the world, tax free - and use it to grow your operations there.
So, if you have a million dollars in China, and wanted to grow your business which operates in China, India, Brazil, Germany, and the US - would you leave it somewhere overseas and keep all $1 million available, or would you bring it back to the US, give $396,000 to the US Government and then try to use the remaining $604,000 here?
Easy choice...
We do it to ourselves.
“Running for president is a full time job. So what other full time job does Perry currently hold at the same time as he is running for president?”
Governor of the State of Texas.
“Apparently the same job a 2008 VP candidate had. Next question?”
So you do not see the difference between accepting the VP slot and going to bat for your party’s presidential nominee for two months, and leaving the duties of your office for the campaign trail for a year and three months? And leaving your office in the hands of a guy who is running his own campaign for U.S. Senate?
If you cannot see what’s wrong with this picture, Career Politician-think has taken over your brain.
I see little practical difference between your concept of “free trade”, and what is known as “Cloward Piven” strategy.
Both lead to a destruction of America’s strength and success.
Only real difference I can see, is the methods.
That is not my understanding.
Thanks. It's pretty clear, IMHO, if you just stop and look at the facts of what tariffs are, and what the environment for business looks like around the world. Tariffs penalize local consumers - not overseas manufacturers - in an attempt to force choice towards domestic consumption. It has nothing to do with expanding exports - but rather limiting imports.
On FR there is a contingent of leftover protectionist Republicans who do not recognize that we can't turn back the clock to when the world wasn't connected and globalized. Many of these types fear competition, think isolationism can work again, do not understand that it is government undermining much of our ability to compete and don't get how much unions (indeed just the threat of unionization) has contributed to destroying manufacturing and industry in the US.
Well said yourself! The world is not the same as in 1950. We have international trade, the cost of shipping and moving people and information is so much lower, and so much faster, that we cannot live in the 50s. We've had our big growth spurt - and now Asia is starting to boom. If we're going to get part of it, then we need to make our own production attractive and competitive - and a trade war is NOT the way to get there!
LOL - then you’re concepts are seriously twisted...
Your concept of managed trade has been in effect for the last 50 years - how’s that working out for you?
Do you produce speakers in China, by any chance?
Perry has already associated himself with the biggest birther bullhorn and a former federal prosecutor on the case:
http://freerepublic.com/focus/f-news/2779649/posts?q=1&;page=1
Arpaio would never have appointed his posse if he were not impressed with the evidence of forgery compiled by Corsi, IMO.
It is not too late for desperate Democrats to become birthers themselves either overtly or covertly, especially Hillary supporters!
If Obama decides to “withdraw” suddenly, I believe that Arpaio will be the reason.
Then your understanding is wrong. China does not tax the outflow of currency, nor restrict it. Just like most countries in the world... You can take money out from China without worry.
I have a friend who just moved back to Seattle - worked in Beijing, for Microsoft. Had zero problem transferring his 3 years of savings from his Chinese bank account right over to his US account. No tax, no tariff, nothing.
No, your posting a bunch of nonsense. Palin was governor of Alaska and spent a lot of time away to campaign for McCain and herself. Nothing wrong with that. Perry is governor of Texas and is spending a lot of time away to run for President. Campaigning actually took Palin further away from her state than Perry's does. And if it really matters to you, the Texas legislature has finished it work.
If you cannot see what’s wrong with this picture, Career Politician-think has taken over your brain.
LOL. Sounds like your just trying to make lemonade out of lemons and attempting to make excuses for Palin bailing on her gig as governor. As if she is somehow, potentially, a more pure candidate because she quit her job in the middle of term blaming mean old Democrats for making it tough.
Nope - I haven’t been to China for 8 months. Factory automation is what I do... I get over there 1-2 times a year. Why?
How about you? Ever been there, or outside the US?
Also, any ideas about what you’d do with $1,000,000 you had overseas? Would you reinvest it in other factories overseas, or would you pay a nice, stiff tax to the US Government when you bring it back here?
If anything, the fact that Texas runs as well as it does with Perry out on the campaign trail is a testament to the staff he’s built and the way the Government in Texas operates. It needs a chief executive to keep vision on the big picture and hire the right people (and fire the wrong ones) for key positions.
I wouldn’t want a CEO/President who needed to be in office every day to manage the State. Micromanagement is the sign of a poor leader... It’s what we have now in the White House.
Must have confused you with someone else. Hmm.
Yes I’ve travelled. It’s how I became so pro-American.
Used to be a liberal. At least I thought I was, until I saw the world, and realized how important America is.
You seem to have come to a different conclusion.
Life is life. You don’t like this situation then that’s you choice. It doesn’t bother me one bit. I’m sure some other Texas residents maybe upset but that’s the way the cookie crumbles in this state. If you are a Texas resident then contact you elected officials and begin the process to change the rules. Sorry my brain doesn’t fit your criteria but that’s life.
No, I too believe America is incredibly important in the world. However, rather than using sticks on people, I believe in carrots. Honey rather than vinegar.
Let Americans compete, rather than penalizing them.
If you had a company that earned $1,000,000,000 overseas, and had operations in many overseas countries, would you move that money to another overseas operation - or bring it back to the US and give nearly 40% of it to the Federal Government?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.