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In reply to the discussion: If corporations are engaging in a "capital strike" [View all]Zalatix
(8,994 posts)49. Too fucking little, too fucking late.
The many years of Chinese tariffs against American products have already done critical damage to this economy. You know as well as I do that China's lowering of tariffs now and their slow floating of their currency does NOT undo the damage they did decades ago by fucking us over with their protectionist policies. It doesn't even come close.
If you think the savior of the US workforce is repatriating crap jobs operating injection molding machines you are insane.
And if you think that sending jobs overseas doesn't destroy the middle class in America, you are insane. And clueless, too.
But by all means, please explain how Americans who are unemployed and earning $0 an hour are going to purchase anything at all. In fact, you can take your explanation and offer it to one of our 620,000 homeless people who can't get off the streets, or our 12 million unemployed (lowball estimate), who can't find work, because of offshoring. But you won't tell them to their faces, because you know what everyone's going to say to you: your arguments are insane.
What Britain found out 150 years ago is the exact opposite of what China found out now: their tariffs never ruined them. You have yet to address this discrepancy. Funny how your argument about England exposes the basic fact that dependency on imports is a bad thing. America learned that the hard way when the Arabs embargoed us in the 1970s. I'm sure you were around to remember that, right?
Nor can you address the fact that trade deficits are what's killing Europe now. Worse yet, because Greece imports their medicine instead of making it domestically, their currency dives are starving them of desperately needed medication. Dependence on imports almost killed Greece. That's totally unpossible in your world. Yeah, I already know you won't answer this.
By the way I see you also failed, once again, to address the fact that offshoring jobs INHERENTLY CONTRIBUTES to the devaluation of the dollar, and also as a result, inflation. What is keeping you from talking about this? Perhaps you also know that offshoring also CONTRIBUTES to the national debt. These are basic economic facts that you do not understand. Confidence in America's ability to service the debt has nothing to do with the damage being done to our currency by offshoring. Those two problems are two separate issues. You lack the economic knowledge to understand this basic fact.
You have no argument here except that the American working class must continue to suffer. And America's working class is increasingly telling you not just NO, but HELL NO.
We will fight offshoring and we will put an end to it. Take this very seriously: the working class is now fighting back.
PS: I'm not sure if you truly understand how big this rebellion is. Notice how Mitt Romney is on the run from being labeled as an outsourcer of American jobs? No politician is rushing to have your back on this anymore. You need to get familiar with the concept of a lost cause: your cause is just that. LOST.
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Sometimes the board of directors would rather make no investment if that means the least loss.
Selatius
Jul 2012
#47
they should be using part of that capital to hire people and give back to the community
librechik
Jul 2012
#16
Lots of companies are refusing to hire workers and instead working their existing forces harder.
Zalatix
Jul 2012
#18
Part of the issue is that the US manufacturing economy has fundamentally and permanently changed
hack89
Jul 2012
#23
If we were completely self sufficient in all necessary raw materials and components, maybe.
hack89
Jul 2012
#25
Because... Scrooge McDuck is going to throw open the doors to the money bin?
Sen. Walter Sobchak
Jul 2012
#44
Scrooge McDuck could just get the fuck out and move to China, renounce his citizenship.
Zalatix
Jul 2012
#45
China is more than compliant with their WTO tariff reduction obligations
Sen. Walter Sobchak
Jul 2012
#46
So your whole point is "if we hire Americans, we create severe inflationary madness".
Zalatix
Jul 2012
#54
So the greatest period of growth for the Chinese middle class was prior to 1997?
Sen. Walter Sobchak
Jul 2012
#62
LOL, denial is your friend. You don't meet many friends of offshoring in real life, either.
Zalatix
Jul 2012
#69
Your recognition of sarcasm is as strong as your reading comprehension and or attention span
Sen. Walter Sobchak
Jul 2012
#70
Really dude, you need to read more than the first sentance before posting a link
Sen. Walter Sobchak
Jul 2012
#73
Your "you need to read" comebacks are getting weak. Don't you get tired of constantly being wrong?
Zalatix
Jul 2012
#74
And again you demonstrate you don't actually read anything before posting it,
Sen. Walter Sobchak
Jul 2012
#85
Now you're discrediting a blurb by the SF Fed Reserve? And now you're fabricating stuff, too.
Zalatix
Jul 2012
#86
Your argument is getting downright confused and frantic, not to mention weak and downrightdishonest.
Zalatix
Jul 2012
#91
So you now effectively admit you didn't read the article... internet cache is a wonderful thing
Sen. Walter Sobchak
Jul 2012
#97
Did you or did not not dishonestly attirubute his missive to the SF Fed?
Sen. Walter Sobchak
Jul 2012
#99
'Made In America' Policies Hugely Popular, Survey Shows - Yeah, we're hiding in our basements.
Zalatix
Jul 2012
#78
In fact, your argument also justifies replacing workers with prison labor, too.
Zalatix
Jul 2012
#50
Tariffs Should Be Used To Eliminate Benefit From Cross-Border Wage Differentials, Sir
The Magistrate
Jul 2012
#26
extortion, i'd call it. "we control the money spigot and we're going to keep it shut until you
HiPointDem
Jul 2012
#10
I'm comfortable in my own skin; I contribute substantial time and money to charitable causes
badtoworse
Jul 2012
#41
People and institutions are going to sell off any company spending cash assets
RB TexLa
Jul 2012
#92