Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Say what you will folks,...you can blame Bush, or you can blame Obama, it makes no difference. The hard facts are that America is losing jobs and companies to overseas markets. So point fingers all you want while others are joining the lines of the unemployed, and America loses it competitive edge to countries who welcome corporations with lower corporate taxes.
What Farr says is what MANY in the corporate world sees but will not voice in public. America is a good place to sell products, but not necessarily a good place to manufacture them. American technology was instrumental in developing electronic technology, but when was the last television manufactured in the USA,...cell phone,...VCR,...DVD,....ipod,....most any other electronic device? It's been decades. Look at the auto industry.
Maybe it's time to reevaluate our tax structure regarding corporations and invite them to America instead of making it difficult to manufacture here. After all, corporations are the ones who provide the jobs. Presently America is a consumer society, but consumerism cannot be sustained without someone providing jobs.
Say what you will folks,...you can blame Bush, or you can blame Obama, it makes no difference. The hard facts are that America is losing jobs and companies to overseas markets. So point fingers all you want while others are joining the lines of the unemployed, and America loses it competitive edge to countries who welcome corporations with lower corporate taxes.
What Farr says is what MANY in the corporate world sees but will not voice in public. America is a good place to sell products, but not necessarily a good place to manufacture them. American technology was instrumental in developing electronic technology, but when was the last television manufactured in the USA,...cell phone,...VCR,...DVD,....ipod,....most any other electronic device? It's been decades. Look at the auto industry.
Maybe it's time to reevaluate our tax structure regarding corporations and invite them to America instead of making it difficult to manufacture here. After all, corporations are the ones who provide the jobs. Presently America is a consumer society, but consumerism cannot be sustained without someone providing jobs.
What the OP posted makes a lot of sense.
Thank you!
We need to stop worrying about who is to blame, and try to find a way to fix it.
I've said it before, and I'll say it again...
This country was strongest when we were a producer.
Now we're just a consumer with no income.
Corporations exist to lie in their own interests. Just watch their ads some time. They don't care what's true and what's not. They care whether people buy their products and services so that they can make a lot of money. Starts there and ends there...
So what's the answer? I see a lot of attacks from liberals critical of corporations,...so please inform us about the solution. Should government FORCE corporations to stay in America REGARDLESS of government policy toward that sector? Should government simply nationalize corporations and run them? Should corporations just pay taxes and not worry about the bottom line,...profits,...or returns for their stockholders?
Say what you will folks,...you can blame Bush, or you can blame Obama, it makes no difference. The hard facts are that America is losing jobs and companies to overseas markets. So point fingers all you want while others are joining the lines of the unemployed, and America loses it competitive edge to countries who welcome corporations with lower corporate taxes.
What Farr says is what MANY in the corporate world sees but will not voice in public. America is a good place to sell products, but not necessarily a good place to manufacture them. American technology was instrumental in developing electronic technology, but when was the last television manufactured in the USA,...cell phone,...VCR,...DVD,....ipod,....most any other electronic device? It's been decades. Look at the auto industry.
Maybe it's time to reevaluate our tax structure regarding corporations and invite them to America instead of making it difficult to manufacture here. After all, corporations are the ones who provide the jobs. Presently America is a consumer society, but consumerism cannot be sustained without someone providing jobs.
What the OP posted makes a lot of sense.
The US has one of the highest nominal corporate tax rates among developed countries, and one of the lowest effective corporate tax rates among developed countries. Tax-wise, we are already a very friendly economy to work in, and we provide great resources, a very good transportation network, and some of the most educated workers in the world.
By the way, nine of the top ten manufacturing countries in the world have seen their manufacturing employment fall since 2000, while seeing their manufacturing output increase. China for instance has seen about 5 million manufacturing jobs dispappear over that time. Manufacturing jobs are not being lost to outsourcing, they are being lost to modernization and resultant productivity gains.
No one "provides" jobs. If they did, we should go out and start arresting people for failing to do any providing when it is so obviously needed. Jobs are created by demand. When demand rises, it causes inventories to drop and capacity utilization to rise. People then take on more workers to meet that rising demand and more jobs are thereby created. Stimulate demand, and you stimulate jobs.
The percentage of GDP that is attributable to personal consumption expenditures is a measure of the effectiveness and efficiency of an economy. The payback for having an economy at all is the array of goods and services that are available for consumption. We are at about 70% PCE, and China is at about 46-47%. The government there is trying everything it can think of to get it up over 50% by 2015. They probably aren't going to make it. Those numbers are a raw deal for Chinese workers as against what American workers get. They catch up some because they have considerably more public goods in their economy that we do, but they still trail us by a wide margin overall.
Thanks for the explanation of jobs, taxes, PCE, and our standing in the world. But,...more companies are leaving Ameican soil to manufacture elsewhere. If it's not the corporate tax burden (as you claim), then why is America losing manufacturing jobs?
What's the answer? Can /should the federal government get involved in the corporate world even deeper than the takeover of GM, the bailout of financial institutions, and the propping up of the housing sector? Should the federal government just nationalize major industry and operate it for the good of the people?
There are several overriding facts. America is losing jobs,..America is losing corporations,...and America is a consumer/service oriented nation. With the loss of corporations from our shores, there is the loss of jobs, either now or in the future. It's much easier to lose corporations than it is to lure them back.
...."In his Powerpoint presentation available on the Emerson Electric Web site, (CEO) Farr notes that the federal government is damaging prospects for U.S. economic growth with a $1.41 trillion federal deficit (10 percent of GDP); $12 trillion in government debt that will grow to $20 trillion in 10 years; a policy of printing money; a "non-targeted $800-billion stimulus"; bailouts for Wall Street and the automobile companies; the prospect for cap and trade legislation; a "government takeover" of health care to the tune of more than $1 trillion; increasing taxes and regulations; and a "lack of U.S. $ support" for manufacturing. The global stimulus "soon will fade," says Farr.".......
Didn't we have this thread a couple weeks ago. If this guy doesn't care about America, why would I buy his products. Keep shopping WALMART and wondering why American is going down hill
Emerson Electric started moving production outside of the United States decades ago. Trying to blame their choices in the 1990's on current government policy is illogical.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.