Elimin8theNMY
-80p20 comments posted · 0 followers · following 0
16 years ago @ Big Government - Obama Bows to Chinese ... · 1 reply · +1 points
We have such a huge debt to China and most of Asia that the flat tax is a pipe dream. We need to pay our bills first and most American industry knows that a majority of Americans will fight the revenue necessary to do that until it's too late. Americans love to spend but avoid paying their bills like teenagers. Where I live, everybody is complaining about raising taxes AND complaining about state parks closing. How do they expect them to be paid for? The magic funding fairy? Medicare, Social Security, HCR, Cap & Trade, Iran, North Korea, Iraq, Afghanistan, national security, medicaid? Americans always have only one hand out at any given moment.
Unfortunately, both sides are driving us to a new economic policy that will involve CANAMEX style union with all new currency, lower wages to compete and Socialism.
16 years ago @ Big Government - Obama Bows to Chinese ... · 6 replies · -2 points
Consumer A goes into Wal-Mart and is all excited about low costs and savings while paying no attention to the fact that most of all the merchandise is manufactured in foreign countries like China, Malaysia, Guam, Vietnam, Mexico and Guatemala. Consumer A is saving a buck or two and in today's economy, who can blame them. But Consumer A is buying a product that costs China $2.00 to make where as in America, it costs $4.00 to make because Chinese workers have less of a self-entitlement attitude than American workers when it comes to wages so the American company has no choice but to relocate it's operations to foreign soil to manufacture. The American company has to relocate to foreign lands to compete with wages and free enterprise supply and demand economics in our own country at places like Wal-Mart. And Consumer A goes to work the next day and finds himself out of a job because a guy from Malaysia can do it cheaper. So much for his future shopping sprees at Wal-Marts.
Now the Obamessiah wants to tax companies that relocate operations to foreign lands without doing anything to eliminate the massive trade deficit and/or debt obligations with China AND will do nothing against companies like Wal-Mart that aggressively give foreign economies an effective and financially lethal platform to under-cut with American industry right here in our own country.
Not to mention, the majority of the product's sale principal goes right back to China to help their consumer driven economy, not ours.
16 years ago @ Big Government - Obama Bows to Chinese ... · 8 replies · +1 points
16 years ago @ Big Government - Obama Bows to Chinese ... · 10 replies · +2 points
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