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That's fine, but the majority of their profits go back to Tokyo (in the case of Toyota, Honda, and Nissan).
So you'd prefer that hundreds of thousands of workers should give up their jobs because you were too short-sighted to buy stock in Japanese companies -- unlike many American investors who share in those profits?
So you'd prefer that hundreds of thousands of workers should give up their jobs because you were too short-sighted to buy stock in Japanese companies -- unlike many American investors who share in those profits?
Pretty selfish of you.
And Toyota's headquarters are in Nagoya.
Why are you so antagonistic toward anyone who disagrees with you?
I have a feeling that your primary motivation here is to harass people. I'm sure you'll disagree, but that's just the impression I've got of you.
Tartness is an approach which invites reasoned response; antagonism is an expression of ill-will.
Try refuting the points I've made. Read the Slate link I provided. Then take a whack at explaining why you oppose the Japanese factories employing thousands of Americans and paying billions in state and federal taxes.
No. The economic concept does not need to be explained. Ford itself owns something like 30-40% of Honda shares (for a reason I'm sure), and Chrysler itself has been bailout before. These companies are down in the gutter because they lack ingenuity. A free-market is supposed to drive up competition and subsequently after a lapse of a bust cycle as what we are seeing now correct itself and generate a boom cycle including a better renewed American auto industry and more jobs in the future. But that isn't my biggest concern, as the economy was in a slump and in the run of recent elections, there was a hype in the air about renewable energy and sustainability and we find out the hype was just that, a hype, without substance. A bailout will fix short-term problems but evade us from fixing our long-term problems.
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