Posted on 07/28/2012 4:02:37 PM PDT by SeekAndFind
Mitt Romney and Barack Obama are currently fighting over who is the more patriotic. Obama slams Romney for having outsourced jobs to China during his Bain Capital days. Romney punches back by labeling Obama “Outsourcer in Chief.” The latest is that both John Boehner and Harry Reid are voicing outrage over America’s made-in-China Olympic uniforms. “Burn them!” thunders Reid.
Republicans and Democrats strangely agree that outsourcing is unpatriotic, and that the moral and patriotic thing to do is to “Hire American” and “Buy American.”
Well, no. Not in a thousand years. The fear of outsourcing and international trade is economic nonsense and moral blindness. More than that: this anti-profit attitude is un-American.
Despite the ongoing Europeanization of America, America still symbolizes the land of freedom, entrepreneurship, profit-making, above all, individualism.
But collectivism is the premise of “Hire/Buy American”: we are to view ourselves and others not as individuals, but as units of a nation. Businesses are urged to pay more in labor costs, simply to hire workers who are American; consumers are urged to forgo Walmart’s low prices, pay more, simply because the pricier goods were made by “our guys.” This is not rational patriotism, it is not Americanism, it's primitive tribalism.
American individualism means making buying decisions on the basis of economic merit, giving no regard to the nationality or race of the seller. Let’s not hide behind patriotic-sounding slogans. Let’s name things straight for a change: giving preference to American sellers over foreign sellers is the same mindless injustice as giving preference to sellers who are white over those who are black.
Economic nationalism is as morally outrageous as racism. Buying on the basis of nationality or race is the same collectivist evil: judging men and their products by the group from which they come, not by merit.
(Excerpt) Read more at forbes.com ...
9-11, Six Years Later
But when we come to the explanation of the collapse of the Twin Towers, the official story lacks even a remote possibility of being true. Architects, engineers and physicists know that powerfully constructed steel buildings do not suddenly collapse at free-fall or near-free-fall speed simply because they were impacted by airliners and experienced short-lived, low intensity and limited fires.
Paul Craig Roberts
Is it mad cow? Or maybe those parasites you get from undercooked pork?
Yes, that's what I'm saying. You vastly overestimate the size of the Chinese economy and you vastly underestimate the economic might of the United States. It will take forty or fifty years at current growth rates for Chinese GDP per capita to even approach that of the U.S..
China has a much larger economy than the U.S.
Based on what? Your feelings? The statistics are there -- you've even quoted some of them. China's GDP is a little more than 1/3 that of the U.S..
What's so hard about that to understand? I mean, you can look up the numbers yourself. Or do you prefer to remain in your ignorant fog?
True, but a cut of the money for foreign models produced in the US goes overseas. That, combined with the fact that the parts are produced overseas and only assembled here.
Definitely something more serious than Mad Google Search. LOL
But our workers are overpaid. Why not have the assembly done elsewhere?
Manufacturing does not make up the entire economy. Your conclusion is groundless.
Name what consumer electronics are made in the U.S.A. go ahead name them if the U.S. produces so much.
No consumer electronics that I know of are made in the USA. How many jumbo jets, bulldozers, and nuclear plants are produced in China? What would you choose to produce? An iPhone or a 787?
And the factories are more modern , some factories in china have 200,000 workers. So the workers produce more so it's more than 10.
Yeah, so the factories are newer. They had none before, so that stands to reason. The question you should ask yourself is why Americans don't want to risk their capital building new plants here?
LOL. you have no understanding of how China has undervalued it's currency.
How can you possibly know what I understand, um, LOL. China has been inflating its currency wildly in order to keep its foreign exchange value down. That has resulted in rampant price inflation which has driven up wages to the point that the textile industry is now leaving China for cheaper locations in Viet Nam and even Rumania.
In other words, China [which knows so much about economics according to you] has been hoist by its own petard.
Did you even know that?
Didn't think so. You should really study some economics and stop being so emotional.
Did it ever occur to you that using slave labor is artificially affecting the price?
Excuse me, were you the one who was saying that labor costs are insignificant, or was it someone else?
The Chicoms are taking our manufacturing away from us.
ALL OF IT.
It is time for us to recognize that, and start to fight fire with fire.
Stop giving away our manufacturing. We will need it. Sooner than anyone believes.
Stuff it. A month or so ago you were insulting me for posting graphs. Now you found one on a blog that you cannot even source.
And they call protectionists naive...
This is great!
Bwaahaaaaa
Oh yeah the link click here.
Hate to tell ya’ this, bud, but those figures appear to be for Toyota in the U.S. You were aware that Toyota manufactures here, right? [I doubt it]
I love this claim of his. They have many more, much less productive workers, so their economy must be $160 trillion. LOL!
I saw some stupid video about China beating us at manufacturing, I think it was called "Ha ha America".
It showed all the cool stuff they make there, like co-axial cable, that they were twisting by hand. That's what a $160 trillion economy does with their workers. Ridiculous!
Your lie has been exposed, labor is less than 10% on cars. If you can PROVE OTHERWISE I would suggest backing away from the keyboard. Or perhaps outsource your research to todd whatever. LOL. BWAHAHAHAHAHA!!!
You got me. It’s been almost a day since, on this very thread, I asked why manufacturing plants are locating down South. Would you like to subscribe to a newsletter, or something? Maybe subscribe many times, so that you can hear the same thing every few hours?
China now produces MORE than America.
Has now for two years. Increasing every day.
It is time for us to stop pandering to China. China needs competition. China needs blocks to entry, and China needs to fight for market share.
China needs to lose some market share. A little more every day.
FROM US.
Enough is enough.
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