Posted on 01/22/2003 4:26:40 PM PST by Karsus
ST. LOUIS Jan. 22 —
Someone went to great lengths to ensure the backdrop for President Bush's sales pitch Wednesday on his economic stimulus plan sent all the right messages and none of the wrong.
Bush delivered his remarks from a warehouse floor at JS Logistics, a trucking, courier and warehouse business that provided a visual image for his argument that his proposal carries economy-boosting benefits for small businesses. The audience was flanked on all sides by piles of cardboard boxes with additional piles in front of and behind his podium.
Each one of the hundreds of boxes had a piece of paper obscuring its "Made in China" label.
White House spokeswoman Claire Buchan laughingly attributed the clearly gargantuan paper-affixing effort to an "overzealous volunteer" on the president's advance team.
A backdrop made-to-order for the White House filled the space directly behind Bush, which is most likely to show up on TV news clips of the event. Blaring a logo of "Strengthening America's Economy," it exactly mimicked the real-life box piles, down to perfectly aligned shelves.
Except the boxes on the backdrop were labeled, "Made in the USA."
On the flip side though, if we have a strategy that focuses on making the pie itself grow bigger every year then the pressure isn't so bad. Its a race between the tortise and the hare. The latter is slow but steady 5-6% growth year on year, and the other is a wild eyed, hope for survival in a disjointed economy.
China importers are like a pack of wolves who are fighting over the existing pie, but do very little in trying to make the pie grow bigger.
There are very few, if ANY corporations that will tell you what they sell in China, in US dollars, and how much the margins are on those products.
The SEC should force them to disclose this information.
Yes it is.
The pie isn't the same each year. The pie gets larger.
In the case of economics it is a case of over production and not enough consumption.
This creates inventories, leading to cyclical reduction in production and discounts on current stock.
We need to be a nation of inventors, businessmen and engineers.
We do not need textile workers.
Whats more is that Henry Ford had it right, and our corporations don't. Henry Ford paid the people who made the cars enough to afford their own products.
He probably could have paid them much less. The returns on deciding not to do that were great.
Economics is kind of like being a rancher. You gotta feed the cows and fatten them up a little before you can reap what they produce.
It's not "compliant US companies" that are the problem. It's a US Goverment trade policy that has given foreign governments and companies free reign in the US market to do anything they want. The US govenment has sold out US business and the American worker in its almost religious devotion to "free trade." Whose job or business will be next? Maybe yours? And yes, I agree that disloyal American companies also share much of the blame too.
Even if it does grow in the general sense of the word, if the pie grows at 5% but the number of entrants grows at 10%, the pie is smaller per entrant.
This creates inventories, leading to cyclical reduction in production and discounts on current stock.
And thus it is an inefficient model.
Secondly deeper discounting is only a short term surface fix. Also, the deeper the discount the smaller the profit.
Don't bother me until you read the link I posted in post #19
We need to be a nation of inventors, businessmen and engineers... We do not need textile workers
Hah. What a joke. Your brain I guess doesn't need your hands.
You lack ideas. Just all rhetoric. Get to reality.
I am somewhat with you, but I think it is not free trade that has done anything. Free trade is good. Imbalanced crap, referred to as "trade" is what screws us.
Free trade is a step up.
We need fair and free trade.
With China we have a glamourized purchasing agreement. We don't have "trade" because they don't buy jack.
A correction in production, or supply stocks is exactly what I refer to. Supply and demand are not connected when that happens.
Henry Ford was an innovator, which allowed him to create a new market and new jobs, and his innovation allowed him to pay his workers well.
Now listen to president Bush's economic speeches. He never mentions innovation or creating new markets. Its always about farming, factories, or warehouses. Its about stimulating demand, so that already existing businesses will expand, but never about creating new up and comers that will challenge existing companies to expand or innovate to avoid getting replaced by the new guy.
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