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Old 08-06-2010, 02:34 AM
 
Location: Tower of Heaven
4,023 posts, read 6,725,326 times
Reputation: 1446

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Quote:
Faced with rising costs, General Electric is moving production of its new energy-efficient water heater halfway around the world. The country it's leaving? China. The one it's bringing 400 jobs and a newly renovated factory? The United States.
A small but growing band of U.S. manufacturers — including giants such as General Electric (GE), NCR (NCR) and Caterpillar (CAT)— are turning the seemingly inexorable offshoring movement on its head, bringing some production to the U.S. from far-flung locations such as China. Others that were buying components overseas are switching to U.S. suppliers.
Some manufacturing heads back to USA - USATODAY.com
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Old 08-06-2010, 03:33 AM
 
Location: Highland, CA (formerly Newark, NJ)
6,183 posts, read 5,311,685 times
Reputation: 2150
They won't stay until NAFTA is repealed.
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Old 08-06-2010, 03:56 AM
 
Location: Tower of Heaven
4,023 posts, read 6,725,326 times
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Quote:
Originally Posted by twista6002 View Post
They won't stay until NAFTA is repealed.
No, NAFTA is really a great thing for US exports
Free Trade is great, Obama says it too, as Republicans !
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Old 08-06-2010, 05:34 AM
 
Location: Minnysoda
10,030 posts, read 9,404,206 times
Reputation: 6272
but look whos leaving!
Harley-Davidson may leave Milwaukee - Washington Times
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Old 08-06-2010, 05:34 AM
 
783 posts, read 741,154 times
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Quote:
Originally Posted by RenaudFR View Post
Faced with rising costs, General Electric is moving production of its new energy-efficient water heater halfway around the world. The country it's leaving? China. The one it's bringing 400 jobs and a newly renovated factory? The United States.
A small but growing band of U.S. manufacturers — including giants such as General Electric (GE), NCR (NCR) and Caterpillar (CAT)— are turning the seemingly inexorable offshoring movement on its head, bringing some production to the U.S. from far-flung locations such as China. Others that were buying components overseas are switching to U.S. suppliers.

Some manufacturing heads back to USA - USATODAY.com
Chinas manipulated and greatly undervalued currency is what attracht firms to offshore to china it means cheaper labour costs for production in china.
Butt as the chinese economy grows the currency is strengthening and chinas currency advantage is reduced costs for production in china increases.
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Old 08-06-2010, 06:17 AM
 
Location: Tower of Heaven
4,023 posts, read 6,725,326 times
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Quote:
Originally Posted by my54ford View Post
Please STOP STOP STOP STOP STOP bad news !

POSITIVISM AND GOOD NEWS = WIN
Haters and stupid pessimists = OUT
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Old 08-06-2010, 06:24 AM
 
Location: Near the water
8,229 posts, read 12,167,529 times
Reputation: 3892
It is always good news to hear some jobs coming back home!
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Old 08-06-2010, 06:31 AM
 
10,494 posts, read 24,437,870 times
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Quote:
Originally Posted by twista6002 View Post
They won't stay until NAFTA is repealed.
Agreed
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Old 08-06-2010, 06:35 AM
 
10,494 posts, read 24,437,870 times
Reputation: 6697
Quote:
Originally Posted by RenaudFR View Post
No, NAFTA is really a great thing for US exports
Free Trade is great, Obama says it too, as Republicans !
Nafta and Gatt are the reasons the USA has been destroyed. By the way, Obama is a globalist scumbag so anything he says is good is actually bad.
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Old 08-06-2010, 07:25 AM
Status: "'wokeness' is a cancer" (set 25 days ago)
 
33,552 posts, read 22,432,297 times
Reputation: 18016
Quote:
Originally Posted by my54ford View Post
They're considering moving to another state, not another country.
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