Remember when entry level jobs didn't require 5 years of experience? (creditor, percentage)
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I dislike any company that doesn't strive to sell made in America products over cheap foreign crap.
But they're only benefiting from the free market principles of producing/selling stuff at the lowest cost possible (by utilizing "cheap foreign labor crap) and making the most profit out of it.
But they're only benefiting from the free market principles of producing/selling stuff at the lowest cost possible (by utilizing "cheap foreign labor crap) and making the most profit out of it.
And I don't have to support them. And anyone complaining about not being able to find a job should feel the same way. The more we import, the less we make here. The less we make here, the less workers will be needed. The less workers that are needed, the higher the unemployment rate will be. The more people who are unemployed, the hard it will be to find a job. It's not rocket science.
So you don't know how a government operates either.
Oh for Gods sake. Really? I don't? Maybe you need to learn something about investing, because just like running a business, you obviously have no clue. Municipal and government bonds can and do default. Period.
But that's still no reason to cheer if they fail and dislike them if they're only utilizing the free market principles you think are so great.
Sure it's a reason to cheer. I buy American. Do you?
By the way, last night I went to a little local bistro, had some locally made cheese and a glass of California wine. Delicious. The place is owned by a husband and wife who probably put in 80 hours a week between them--she works outside of the restaurant and that's what they live on, because they certainly aren't making a profit just yet, and they've got one employee. When was the last time you supported a local business like that? You'd rather collect your unemployment paid for by the taxpayers, complain about not being able to find work while buying foreign made crap at Walmart, and not do a damn thing to contribute to society.
Long story short, a government entity sells bonds to fund their operations. It's like you taking out a loan for a car. If the government entity defaults on their bond payments (or basically your loan goes into collections), other investors will refuse to buy the city's bonds. Without those bonds in many cases (since the tax bases of many municipalities have been wiped out over the last 30 years thanks to corporations lobbying for free trade, no enforcement of illegal immigration and criminally low taxes), the governments wouldn't be able to fund their operations and provide the services their citizens are entitled to. A municipality's default, depending on how big the municipality is, can also negatively impact the credit rating of every other community surrounding it.
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