Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: riri
But, he acknowledges, the policy isn't cost free. "It means there are going to be higher apparel prices," he said. ...

I don't think so. At least not significantly higher. Last time I was out shopping for clothing I checked both make and price. The foreign-made item was on the rack for $27.79, the equivalent domestic-made unit (which looked and felt better, so I bought it) was $28.99. Sure, it was a dollar or so different, but for the quality and wearability I'd pay the extra dollar. It wasn't going to break the bank.

What probably is different is how much of the sale price went into the company's bottom line. Maybe the foreign-made item cost $2 to make, while the domestic-made item cost $7. So the corporation doesn't pocket the extra $5. I'd find it hard to believe that the company would go out of business because it made $5 less profit. Sure, the shareholders might get $1 per share dividend instead of $1.01, and maybe the CEO and Vice Presidents get a $10 million bonus that year instead of $15 million, but all that means is that they only buy three yachts this year instead of four. Like I said, BFD.

32 posted on 11/20/2003 10:37:30 AM PST by chimera
[ Post Reply | Private Reply | To 1 | View Replies ]


To: chimera
It is becoming obvious that there are poplicy changes in the offing to protect the United States from losing any more jobs. The realization that we have lost enough tax base that we cannot sustain the spending that Washington has obligated us for is finally soaking in.

It is inevitable that it is going to take a genuine crisis to limit the excesses of our government and get the priorities straightened out. The corruption in our financial markets is only matched by the corruption in our political system. The trade situation is just starting to expose the cronyism and manipulation in the name of free trade.

34 posted on 11/20/2003 11:43:19 AM PST by meenie
[ Post Reply | Private Reply | To 32 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson