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Are consumers to blame for all the cheap Chinese Products in this country, or the Lobbyists and their puppet Politicians that opened these Trade Pacts?
If you're asking who's to blame for Chinese products being cheap (as in crap), I'd say the Chinese are too blame for putting out a poor product.
And don't forget to couple this with the wonderful "progressive" campaign finance regulation from California, a law that says if you lend yourself money to run for office, your campaign has to pay it back to yourself within 6 months of the election. It was intended to prevent rich people form buying their way into office. It has also made any "middle American" that wants to run beg for $$ from deep pockets.
Just change progressive to the rich elite and everything makes sense.
The people in power and wealth did not get rich from playing fair or nice but by playing people and taking advantage of them every step of the way. They are parasites on society and will be the death of this country.
At least you recognize that. Most people think there is a difference, but fundamentally the policies are basically the same.
When it comes to their big Money Backers via Big Corporations and Banks, nope, no difference.
Each side will throw in social issues to fight over to keep the gullible distracted.
If you're asking who's to blame for Chinese products being cheap (as in crap), I'd say the Chinese are too blame for putting out a poor product.
Well, accept for the fact that it is American Corporations in China that are designing and making the parts, or they send off an order to a Chinese Corporation to make x amount of widgets for them.
The Chinese are not known for Innovation so I am guessing they build parts based on the design criteria given to them by their American counterparts?
Irregardless, I live in a Big City and in the 70's, the Chinese Products available to me in this town was limited to a 7/11 sized store near other specialty shops. That all changed with Corporate Lobbyists and Politicians.
Well, accept for the fact that it is American Corporations in China that are designing and making the parts, or they send off an order to a Chinese Corporation to make x amount of widgets for them.
The Chinese are not known for Innovation so I am guessing they build parts based on the design criteria given to them by their American counterparts?
Irregardless, I live in a Big City and in the 70's, the Chinese Products available to me in this town was limited to a 7/11 sized store near other specialty shops. That all changed with Corporate Lobbyists and Politicians.
Very tiny excerpt samples from the one CAFR. There is a multitude of investment funds.
quote:
So who owns the corporations that are taking on American debt securities in these two countries?
Let’s go back to the New York Pension Fund and see what is happening here:
Company Shares of Stock Market Value
Banks and Investments
Bank Yokohama Ltd Japan Ord 903,100 3,821,968
Hiroshima Bank Ltd/The 13,000 49,357
Bank of Kyoto Ltd/The 73,000 614,924
Osaka Gas Company Ltd 2,035,146 6,346,309
Bank of China Ltd – H 8,527,000 2,827,663
Ind Comm Bank of China Ltd 4,464,000 2,321,280
China Citic Bank – H 484,000 182,983
China Construction Bank – H 4,331,000 2,458,890
China Merchants Bank – H 283,000 494,428
Shizuoka Bank 183,000 1,637,866
Shinsei Bank Ltd 1,450,154 1,453,531
Chiba Bank 176,500 866,685
Cheung Kong (Holdings) 3,376,000 29,077,161
Hang Seng Bank Ltd 328,500 3,308,313
Hanmi Financial Corp 55,300 71,890
Mitsubishi UFJ Financial Grp 6,409,847 30,890,829
Barack Obama is a bald-faced liar and liberals are the scum of the Earth for falling for his lies hook, line, and sinker.
Yes, we told you so, but you wouldn't listen. He's (half) black and millions of guilty white liberals needed repentance. There was absolutely nothing that could penetrate that, and therefore the nation is f****d because of it.
Be sure to pat the closest liberal idiot on the back for a job well done. ��
Well, accept for the fact that it is American Corporations in China that are designing and making the parts, or they send off an order to a Chinese Corporation to make x amount of widgets for them.
Would you prefer to have more companies outside the US was making the profit on Chinese products being sold in the US?
If you can't accept the fact that we live in a global economy, I just don't know what to say to you so you'll accept reality. The reality is people, by in large, purchase the cheaper option when buying on most items and in particular bulk consumables.
Sure, US companies could stick to their guns and try to keep such manufacturing in the US, but when the customer goes into the store and sees the two products, they are going to purchase the cheaper product designed in Russia and built in China. Soon the US company will be out of business and the profits, along with the white collar jobs and tax revenue, will go to Russia instead.
The genie is out of the bottle. There is an endless supply of dirt cheap labor in the world today. Once the cost of manufacturing in China grows to X amount, it will be exported to another country, possibly one in Africa. The best goal for the US is to be the ones who come up with the ideas, design them and send them to be manufactured where it's cheap and exported for consumption in the US and other countries. Do you really believe that other countries won't do the same?
Barack Obama is a bald-faced liar and liberals are the scum of the Earth for falling for his lies hook, line, and sinker.
Yes, we told you so, but you wouldn't listen. He's (half) black and millions of guilty white liberals needed repentance. There was absolutely nothing that could penetrate that, and therefore the nation is f****d because of it.
Be sure to pat the closest liberal idiot on the back for a job well done. ��
I agree with your sentiment, but it would have been the same with Romney as well that the Mainstream Media was pushing. Hell, his top donors were almost identical. The mainstream media said voting for someone like Ron Paul was crazy since a lot of wealthy interests would have been at stake.
I found the first sentence from the OP's quote to be a little bizarre:
Quote:
Originally Posted by Reuters
President Barack Obama is loosening restrictions on lobbyists who want to serve on federal advisory boards, a White House official said on Tuesday, a setback to the president’s efforts to tamp down special interest influence in Washington.
It seems to imply that Obama's own action was a "setback to the president's efforts." Strange wording, IMO.
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