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Maybe we need to be more like China
Friday, Jan. 27, 2012 | 2:01 a.m.
For months, even years, Republicans have talked as if solving our economic problems simply means reducing taxes, regulations and the debt, thus developing an atmosphere in which “job creators” can do their thing. Democrats have favored improving infrastructure and raising some taxes to reduce the debt, to the same manufacturing and jobs end.
Unfortunately, no one I know of has set forth a serious answer to our problems, which stem from outsourcing manufacturing. Until I read about Apple’s experience with the manufacture of iPhones, I did not understand either.
The difference is $65 per phone between manufacturing here and in China. But the issue is more complicated than that. The Chinese have thousands of semiskilled workers living in dormitories, where they can be called to work 12 hours at $17 a day, any hour, any day. They also have engineers who can solve technical problems more quickly than ours because they are on the spot. And they have a chain of suppliers equally well-equipped.
All these factors explain why Apple and other manufacturers have gone to China and elsewhere. Reducing corporate taxes and regulations, or capital gains and other forms of taxes, is not going to bring Apple or other industries home.
What is the answer to our problems? The Chinese government invested in some manufacturing companies that might prove out even when it was not clear what their prospects were. And they trained workers. We must do both.
Discussion: 82 comments so far…
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Capitalism is a monetary system in which the greatest amount of money brings the greatest power. It is the classic example of 'Survival of the Fittest" without the need of any humanitarian values. Slavery is the unregulated form of Capitalism, where only the privileged have rights, votes and life. The lives of those who work for a living are reduced to the status of equipment.
Capitalism also exists very well in a dictatorship. Nazi Germany was a form of Capitalism because businesses remained under private ownership. If the owners produced the products the State wanted, such as Ferdinand Porsche, they would become very wealthy.
Never trust the sole institution of Capitalism to bring Freedom. No Company is a Democracy and their Executives bring the same rule to Government.
Steve Jobs has every iPhone and iPad made in Asia that true.
Weiss says the answer is for the Fed Gov to build a phone factory in the US and dormitories for workers to live in. Sounds like the old company town that this society got rid of.
Liberals say "I'm in favor of Regulated Capitalism." That is where the government decides who produces what and when.
"Regulated Capitalism" is liberal code for government run ventures. Liberals are against private business.
Without private businesses, without private property rights, there can be no wealth creation by individuals. This is the way to bring down the people who have succeed.
Obama's idea of a fair shot for all is to bring down those that are successful job creators.
Obama said we must "settle for a country where a shrinking number of people do really well"
Obama said we have to increase the federal income tax rate to 39 % for individuals making over $200 k and then said millionaire must pay a 30 % investment tax rate. Confused? Bottom line is that this will not create jobs which is the only way to give a fair shot.
Obama's singular wealth redistribution idea is to raise the tax rate on capital formation on small businesses from 15% to 30 percent. These is a 100% increase in taxes.
This in an attempt by Obama to penalize the Steve Jobs of America for making money with capital gains investments.
Chinese labor is slavery without the guilt. But all bad things come to an end.
Gradually, as the Chinese work force matures, becomes educated, and wealthier, its wages will improve, as they already have. Making the Chinese labor cost differential, when factored in with the higher transportation costs to export, less of an advantage for US and other companies and businesses to outsource to China.
Donald Trump pointed out, and to his credit Obama agreed in his State of the Union, the Chinese manipulate the yuan keeping it artificially depressed by about 25 percent in relation to other world currencies. Even this will change as the Chinese labor force wants to buy more imported goods with their wealth.
Carmine A. DiFazio
americans will still be picking their nose when the chinese come over the wire. boycott all chinese products and stop shopping wal mart. have you ever noticed there is never enough handicapped parking at wal mart?
We are investing in failing green energy companies so what's the problem?
Cheap electricity would help, unfortunately our electricity rates ncessarily have to "skyrocket" to appeas eco-whacko fantasies. We are also working hard on reducing electric grid reliability which should help compuetr server farms immensely.
This is the most outrageous letter to the editor that the Las Vegas Sun has ever published!!! America should use China as a business model? Hell, Weiss, why don't you just say that our military should adopt the same ruthless principles of war as al-Qaeda? Are you deranged?
China's government is the enemy, Weiss. But, not necessarily the majority of the Chinese people. Every American should remember the Chinese army storming a mass demonstration of the Chinese people in Tiananmen Square, killing no less than several hundred people. The Chinese government manipulates our global free markets and those currencies that support the financial system of the free world. Politicians and businessmen who partner with the Chinese government, are in my eyes, guilty of treachery. I see you, in my opinion, Mr. Weiss, as nothing other than a communist sympathizer.
And Becker, on the other side of the page, you are just as much an extremist. Your posted words; "Slavery is the unregulated form of Capitalism, where only the privileged have rights, votes and life. The lives of those who work for a living are reduced to the status of equipment." As well, are you deranged?
Becker, if you knew anything about true American history and the beginning developments in both civil rights and of workers rights, you would know that the maturing of industrial capitalism in turn helped destroy both the slave and sweatshop environments that once existed in our country.
:::::::::
How did Japan come into our auto markets and almost take over?
::::::::::::::::::::::::
Is Japan worthy of mention here?
::::::::::::::::::::::::
Ola - Isn't it interesting how America is the testing ground for other nation's delving into Capitalism at our expense or is this a wrong assumtion based upon our accepted economic philosophy? What parties are willing to take this on?
Here's a breakdown of what I am/will be wearing today, and where it was made.
Tommy Hilfiger Boxers: Indonesia
Timberland Socks: Unknown
"Jack's Surfboards" logo T: USA (shocker)
Levis 505 jeans: Bangladesh
Tasso Elba leather belt: Italy (maybe)
UGG slippers: Vietnam
Nautica jacket: China
Eyeglass frames: Italy
Watch: Swiss movement
Dorfman Pacific Co. (since 1921) ball cap: China
Bass loafers: Brazil
What do we learn from today's experiment? Virtually NOTHING that American consumers buy AT ANY STORE in the US is made here. Companies have their products produced in foreign countries TO MAKE AS MUCH MONEY AS THEY CAN selling to American consumers.
Now the racist Simmons expands his bigotry from Jews and Mexicans to the Japanese. Has he no shame? Thank you, Stuart, for shining sun light on exactly what guys like dipstick, Becker, Simmons, gmag, Colin and others want for the US. They want us to be like China, North Korea, Cuba, Venezuala, etc., where sweat shops are the norm, where we would "live" in dormitories under the thumb of the government and its bureaucratic drones and where we need not have an independent thought because all of our "needs" are taken care of by the government. Thanks, but no thanks. BTW, fellows, there are planes leaving everyday for those workers "paradises." Why aren't you on one of them?
China is kicking butt because they have centralized control on every aspect of their economy. It's a hybrid free market/dictatorship that doesn't take no for answer from its people.
The US, on the other hand, gives $1.3 trillion in trickledown tax cuts to millionaires and hopes those super-rich elites 'create' a few jobs with the windfall.
Another day and another outrageous lie by Go Sux.
Today in desperation Go Sux had announce that the China Government is funding the Romney campaign.
What is true is that Obama is funding his deficit spending with China backing
Get your facts right Go Sux
Giving more money to government is the obvious answer here. It would shore up the Dims envious base.
Oh-oh, turns out they're not paying a "fair share" either:
"President Barack Obama has preached all Americans should pay their fair share in taxes, but a government report shows that tens of thousands of federal employees collectively owe the government billions in back taxes.
The list includes hundreds of employees in the House and Senate and even a few dozen workers in Obama's executive office staff"
Read more: http://www.sfgate.com/cgi-bin/article.cg...
http://www.sfgate.com/cgi-bin/article.cg...
Dipwad, now Walmart isn't providing enough handicapped parking?
Is there no limit to your petty attacks against Walmart? What's next, will you accuse them of pumping pure oxygen into their stores to make customers buy more product?
By the way, Dipwad, the parking lots at most Walmart stores are OWNED AND OPERATED by third parties - not Walmart! Walmarts and Costcos are considered "anchor" tenants in most of their locations and the strip owners maintain the parking lots.
Get a grip, Dipwad, your head is about to explode!
lady gaga; its a play on words. they could make the entire parking lot handicapped because you have to be handicapped ( mentally and physically) to shop there. sprawl mart was never good for america and never will be.
Dipwad, hang up your literary hat - that was possibly the WORST attempt at a "play on words" I have ever seen.....if it actually was one...
One reason the Chinese are kicking our butts? They're not buying into this "global warming" nonsense that Al Gore has foisted upon us. Here's an article from today's WSJ that features 16 prominent scientists jumping off the bogus "Global Warming" fraud wagon.....
"(Wall Street Journal) In spite of a multidecade international campaign to enforce the message that increasing amounts of the "pollutant" carbon dioxide will destroy civilization, large numbers of scientists, many very prominent, share the opinions of Dr. Giaever. And the number of scientific "heretics" is growing with each passing year. The reason is a collection of stubborn scientific facts.
Perhaps the most inconvenient fact is the lack of global warming for well over 10 years now. This is known to the warming establishment, as one can see from the 2009 "Climategate" email of climate scientist Kevin Trenberth: "The fact is that we can't account for the lack of warming at the moment and it is a travesty that we can't." But the warming is only missing if one believes computer models where so-called feedbacks involving water vapor and clouds greatly amplify the small effect of CO2.
The lack of warming for more than a decade--indeed, the smaller-than-predicted warming over the 22 years since the U.N.'s Intergovernmental Panel on Climate Change (IPCC) began issuing projections--suggests that computer models have greatly exaggerated how much warming additional CO2 can cause. Faced with this embarrassment, those promoting alarm have shifted their drumbeat from warming to weather extremes, to enable anything unusual that happens in our chaotic climate to be ascribed to CO2."
The TELLING sentence in that article is the one where the global warming advocate laments the LACK of warming. Science is NOT supposed to "take sides" and have a preconditioned agenda. It is supposed to analyze FACTS and make determinations from those FACTS.
This has been a complete HOAX from DAY ONE and I am shocked that so many people were taken in by the sheer stupidity and lack of logic regarding the argument about humans causing the temperature of the globe to increase.
And we in the U.S. have spent BILLIONS chasing down this nonsense.....
Latest casualty?
Joe Biden's darling battery company ENER1 which just went bankrupt despite receiving over $100 Million of our hard-earned tax dollars?
When is this stupidity going to STOP?
"The difference is $65 per phone between manufacturing here and in China."
Weiss -- that's what your letter boils down to. What's ignored here is Americans would buy the cheaper products.
"Capitalism also exists very well in a dictatorship. Nazi Germany was a form of Capitalism because businesses remained under private ownership."
SunJon -- astute. People also forget the Nazis were fanatically anti-communist.
"boycott all chinese products and stop shopping wal mart."
dipstick -- like countering rampant American hypocrisy is possible. How often has anyone driven by a Wal-Mart parking lot that wasn't full? As someone from Indiana commented years ago after the local Maytag factory moved to Mexico under NAFTA, not only was the Wal-Mart lot just full, it was full of non-US cars.
"China's government is the enemy ... The Chinese government manipulates our global free markets and those currencies that support the financial system of the free world."
BChap -- although mostly true, your blame should go where it belongs, to the U.S.A. As I recall Nixon gave China favored trade status, thanx in large part to Kissinger. When Mao Tse Tung died that president praised him as a great world leader. Yet the Guiness Book of World Records listed Mao as the world's top mass murderer. Hitler rated third.
"China is kicking butt because they have centralized control on every aspect of their economy. It's a hybrid free market/dictatorship that doesn't take no for answer from its people."
LastThroes -- not just "centralized control," it's totalitarian. That's communism for you. Impossible under our republican form of government.
"The only thing new in the world is the history you don't know." -- President Harry Truman on the insight "Plutarch's Lives" gave him
Lady gogo, you are aware, arent you, that China has some of the filthiest air on the planet? Think America in 1967 (or Houston TX today), before citizens woke up and realized we were sh#ting our own bed.
I must have missed GOPers links to, well to anything he's said to back his delusions. Can anybody share his manchurian candidate fantasies about Romney with something resembling a fact?
I understand name-calling passes as facts for some of you.
Throes, how much cleaner is our air than it was twenty years ago?
Answer: Much cleaner
And it had nothing to do with CO2 WHICH IS NOT A POLLUTANT!
The rush to buy foreign made products started in the early 1950's.
Ninety per cent of shoes in this country were produced in Brockton Mass. Hanover Pa was another big shoe making center. People all wore leather shoes then. All the sudden the Chinese troops in Korea showed up wearing a fabric shoe. Something like a tennis shoe. Those shoes were stripped from dead Chinese troops and sent to America by the United States and became a fashion statement. Today 90 per cent of all shoes sold in America come from Asia. 90 percent of Americans wear some sort of athletic shoe. They even wear them to church. We are the world's biggest dummies. We all expect to be paid 90 thousand dollars a year and we support foreign manufacturers. Meanwhile the folks in Brockton Mass and Hanover Pa are all looking for work.
I've read in the Las Vegas Sun that Vernos Brancos wanted to know 'who the lobbyist for the e-people is?'.....Why of course it's Obama! He's the food stamp President.
lady gaga; more bad news, todays chicago tribune reports ohio is shutting down " three Lake Erie coal plants and all but one at another, a move that will scrap some of the biggest fish killers along the Great Lakes." 46 million adult fish and 2.4 billion eggs, larvae and young fish are killed annualy, according to Ohio reulators. have you had your cup of mercury today, joe?
Chinas economic model is called state capitalism. And the smartest thing they have done for there economy is allow the wealthy of our country to profit handsomely off there cheap labor of course for the rest of America we lose. It might be of interest to research after 50 years the U.S. Congress changed there position in blocking the Olympics from be awarded to China. Hint: Tom de lay , bill frist and our very own Sheldon adelsone.
"People all wore leather shoes then. All the sudden the Chinese troops in Korea showed up wearing a fabric shoe. Something like a tennis shoe."
bite -- nope. I've been wearing Chucks since high school in the 60s. Converse started selling its All-Star shoe in the 1910s. Basketball star Charles Hollis Taylor went to work for them and the new, improved All-Star became the Chuck Taylor All-Stars in 1923. Check it all out @ http://en.wikipedia.org/wiki/Chuck_Taylo...
In photos of the last time the Beatles played together, on the roof of their Abbey Road studio, George Harrison was wearing them.
See my Truman quote above.
No one has taken the money away from the wealthy by taxing them as of today.
By not taxing them, the rationale is that jobs will be created.
Where are the jobs?
They, the wealthy, create the jobs in China. Not here. They hide their money in offshore accounts. They SCREAM it's all the liberals who are at fault, and keep attention diverted away from who and what they are really all about: GREED, and making MONEY at any cost - human or otherwise.
ANY AMERICAN company that employs more people in another country than they do here in the UNITED STATES, should be TAXED on each of those foreign employees with a payroll tax twice the amount of hiring an American, and the import fees on their goods should be high enough to educate every qualified student in America free of charge.
So you still have your money, Mr. Wealthy American, so where are the AMERICAN jobs you are crying about that won't get created if you are fairly taxed???
lying hypocrites
Obama anti-business approach is not paying off
Did you just see Obama out bragging on the GDP number for 2011. It came in at a spotty 1.7%
Under Ronald Reagan at this point the GDP was 7%
Following a $trillion stimulus That is a 5 point under achieving gap by Obama
I repeat....
The wealthy have their "job creating" money --
WHERE ARE THE JOBS???
AJ,
Where is the stable federal tax & spend environment that businesses and consumers need to invest and spend in? Who pays for the mounting federal debt? How does the federal debt affect consumer confidence sense consumers are smart enough to know that **somebody** has to pay that bill? Will consumers pay it via higher tax rates? That takes away money from the economy doesn't it. Unknowns-unknowns-unknowns.......Americans want a solution and we've been waiting 3 years for the government to provide one.....
Who are the TAXPAYERS in this country? The working middle class. Are they working??? Most are struggling if they are, and no one is talking about taxing THEM. They are the workers, not the JOB CREATORS. They are the ones who pay the most in taxes and reduce debt.
GET A CLUE. WHY ARE YOU COMPLICATING THIS???
It's all hyperbole from all of you.
The wealthy don't want to be taxed so they can create jobs. Well, they are NOT being taxed, so where are the jobs???
CHINA, INDIA, MEXICO, BANGLADESH, TAIWAN, and anywhere else they can hire people for $.13 an hour and have them work as slaves.
GREED
The unrighteous demagogues of the uber-wealthy are the unpatriotic ba$$tards that are owned by the wealthy "job creators" that keep this country where it is, for their own PROFIT AND GREED.
Adelsons - $10m to buy Newt; Adelson makes his money in CHINA and wants to keep it that way without paying his fair share of taxes or employing Americans.
Tax them - make them pay BACK TAXES - and watch things change in a hurry.
ALL LOBBYISTS SHOULD BE BANNED OR TAXED SO HIGH THAT THEY DON'T HAVE MONEY LEFT TO BUY VOTES. USE THAT MONEY TO TO REDUCE THE DEBT.
slime, greed, hypocrites, all on the backs of the middle class taxpayers. when the middle class isn't working, there's no money to pay the debts!
get a clue
Hey, BChap! "Slavery (Capitalism-added) is the unregulated form of Capitalism (slavery-added), where only the privileged have rights, votes and life. The lives of those who work for a living are reduced to the status of equipment."
Missing in above sentences is two words next to the word vote, "Electoral College" in parenthesis.
And to others, stop picking on Wal-Mart. Wal-Mart is one of the very few places left/in our Country with some actual affordable stuff even if it may not last.
If you really think about it, we may already be living in a Country (Our Own Nation) that may have been turned into a Communistic Government in the guise/use of Internet Censorship. It is Very Worrisome for our future.
AJ,
Let me help you out. See the link and chart below. The Top 10% of Earners Paid 70% of Federal Income Taxes. The top 1% of income earners paid 38% of all federal income taxes in 2008, up from 20% in 1980.
What would you suggest the top 1% of income earners now pay, 50%? 60%?
http://www.heritage.org/budgetchartbook/...
@RefNV
heritage.org is a right-wing conservative (read rich republicans) group that is reporting what they want you to believe.
from their "research" and their TOTALLY RIGHT WING BIAS:
http://www.heritage.org/research/reports...
WHAT BULL$HIT straight from the pages of the GOP agenda that has ruined this country!
sorry RefNV -- your organization is as fraudulent as the rest of any lobbying group
Like I said before China is practicing state capitalism. Another definition of Chinas economic policy would be corporatism. And they are winning economically. We need to adjust our economic strategy. Giving tax cuts to the wealthy certainly did not work for our country as a whole. Corporate America took there tax cuts financed by the middle class and immediately stabbed us in the back by investing our money in China creating jobs there not here.
AJ,
The data source is the Tax Foundation and Internal Revenue Service but that's okay....don't let the facts get in the way of your false premise. The top 10% pay 70% of federal income taxes and you want them to pay 80% or 90%.....what a guy. We know who the greedy is....."pay my taxes and everyone else's AJ".
Heritage Action for America
"Heritage Action is a grassroots organization that promotes conservative policies in Congress. Our DC-based staff amplifies local activists' voices, allowing Americans to break through the establishment in Washington, ensuring Members of Congress get the message."
wonder how they do that???!??!?!
Could it be through their LOBBYING EFFORTS, BUYING VOTES, PROMOTING PROPAGANDA to keep the money invested in OTHER countries??
this is a Fox News, Limbaugh, O'Reily, Hannity, teleprompter provider
AJ,
It's okay, ignore the IRS data and go for the Saul Alinksy attack...it's all you have left when someone succesfully counters your claim......pivot to another topic AJ...quick!! LOL
@RefNV
THAT DATA you are referring to is from 2008!
Why not use data from 1990? 1983? 2020?
get a clue - read your Fox rag and ignore the facts of today -- you are a part of the problem, not the solution
where are the jobs?
there are no changes to the wealthy's taxes
where are the jobs they claim they create by not being taxed at a higher rate?
where are the jobs?
AJ,
No wonder OWS, Obama and the liberal wing of the democratic party are losing independent voters. Unsupported claims/accusations and insult hurlers are not very good debaters. They lack even the basic knowledge of our economy as well.
Good luck rallying the socialist wing of your democratic base....you'll need em' this time around!! :)
"The Top 10% of Earners Paid 70% of Federal Income Taxes. The top 1% of income earners paid 38% of all federal income taxes in 2008, up from 20% in 1980."
The top 10% of earners earned nearly half of all AGI in 2010. Do you understand what that means, RefNV?
http://new-cdn.financialsamurai.com.s3.a...
They are taxed at a commensurate rate.
@refnv,
why can't you answer the question:
Where are the jobs the wealthy can create by keeping their taxes at the current levels?
When you provide data from another time, and think you know it all about the economy, then why can't you answer the question?
What is keeping the wealthy from creating the jobs they say they need their money for?
simple question
Refnv
You know very well that Corporate America is paying at a much lower effective tax rate then the rest of America. And that argument that 47% if America pays no federal income tax is misleading. When you add all taxes paid as a total % of income Corporate America pays the least % of there income in taxes. And to top it off we cannot compete economically with China by embracing there economic policy of corporatism. You were on to something last night and that is buy American made products and it is time for Corporate American to invest in our own country and quit stabbing the working class in the back chasing higher profit margins in our enemy China.
AJ,
Please keep posting your liberal drivel. We live in a free society so go start a business yourself. Hire some workers.....be independent. I hope you post a gazillion loaded liberal questions here and pretend you're making a successful argument for a job to now be an entitlement. Go on....post away!
RefNV
I own and operate a very successful 17 year old company employing many.
I owned and operated a very successful business that was put OUT OF BUSINESS by a "religious" organization, leaving 6 people unemployed for no other reason than RELIGIOUS BELIEFS. In America, nonetheless.
You, sir, are the one doing nothing but promoting falsehoods and not contributing to any solution, other than to get rid of liberals.
@RefNv: Don't think AJ would start a business cause only about 5% of the population has the nerve to. But I may be wrong.
:::::::::
Just as the Bush family was highly connected with Ken Lay of Enron look for news about Mexico Mitts' connections to China as regarding his company Bain
::::::::::::::::::
Ola - This is sure to be interesting reading as his quest for the White House slowly dampens as he continues to call for the bombing of Iran such as Keating Five McCain did and even the taking of Cuba ... the man is a warmed over Coke Head G. W. Bush and nothing more. Ah, those nice Mexican Mormans are unusual group of real womanizers, are they not .... sorta like drunken Bubba Bush was back when he was DUI every night and chasing the young ladies up the stairs to his dorm room. Rebupicons, they're all the same. Panty raid after panty raid after panty raid out at the old ladies dorm at Yale.
Gee, the inbred streetwalker Sux is starting off with a "bang" today!
She claims that "The government tells you who you can have sex with and even how many babies you can have." Yet we get the following from the liberal left:
What kind of car to drive
What kind of food to eat
What kind of health care we can buy
What type of energy to use
What kind of lightbulbs to light our homes
Yeah, the Republicans are all about "telling you what to do", right Sux?
Hey, Sux, maybe your buddy Joe Biden can get you a job at ENER1!!! Oops , they're going into bankruptcy! (Gee, Sux, that would make Joe Biden a complete corporate crook as his darling firm is going to shield itself from creditors and not pay their bills, right?)
Or maybe you can get Barack to get you a job at that solar panel firm in North Las Vegas! OOPS, they, too, are going bankrupt after getting over $100 Million from Barack....I guess that makes Barack a corporate crook as that firm is also going to shield itself from creditors and not pay their bills...
Gee, Sux, how can you vote for these charlatans like Barack and Joe when they are implicated in screwing these people over?
I'll give you the answer, A.J. - the people with money WILL NOT start businesses and risk their capital as long as the Socialist regime is ensconced in the White House....
People invest money when they believe they have a reasonable opportunity to get a return on their funds. As long as you have a President who campaigns on:
Raising taxes on the "Rich"
Implementing mandates on business
Producing record amounts of regulations on a yearly basis
Threatens business on a daily basis
Spends more and more money with the expectation that the "Rich" will always be around to nail for more taxes
Sorry, A.J., nobody in their right mind would invest a NICKLE when you don't know what is coming down the pike from this clown.
The rant of the left? These people should hire people because, gosh darn it, it's just the "right" thing to do!
Let me ask you a question, A.J., considering your post at 1:32 PM. why don't you take the balance of your money and restart your business? Don't like the odds? Think things are "stacked" against you because some group will be nipping at your heels?
Welcome to the business climate in America!
The economic policies of Bill Clinton are a good template and alternative to the failed right wing policies of George W Bush.
@chuck333
guess you are wrong (again)
I have been an entrepreneur since 1990, having established several companies and employed as many people as I could afford, as high as 35 in one company prior to 2009. 98% of my employees are original hires, with families that have grown with the company.
Each company was developed without a lot of capital, and just through hard work and determination.
This was after a successful 18 year career in corporate America, where I know all too well what the expectations, principles, and ideology are: greed, at any cost, human or otherwise.
And, wherever you got your 5% statistic, then I am proudly part of the 5%, AND I have enough NERVE to keep on going.
So, STFU, and stop judging me as you hide in cyberspace, spouting your loyalty to the right wing b/millionaires who could care less about you and laugh all of the way to the bank as you defend them.
oh, btw - my employees all make more than $.13 an hour, I pay HUGE taxes, and medical and dental benefits cost me over $75,000 a year for 14 employees at one location. Another SORE subject...but the Insurance Companies and Pharmaceutical companies that own congress, want to keep it that way.
Your opinions are worthless to me and the rest of Middle Class America trying to do the right thing in spite of all of the obstacles from the right winged self righteous religious freaks and GREEDY ba$tards that put this country into the condition it's in now.
None of my (shrinking) profits are from blood money.
I love Fauxsimmons posts..
Such logic!
Such reasonable thought!
No wild claims!
No bomb throwing!
Oh, I forgot, Fauxsimmons is the biggest bomb-throwing, moronic, Government-coddled bootlicker of the Socialist left on this blog....
A distinction he can be proud of!
Got that goosestep down, Faux?
@gogo
I won't dignify your stupidity with any more information than what I have already stated about me and my businesses.
gogo to someplace where your ideology is admired -- China, Pakistan, Saudi, and possibly Somalia
The economic policies of Bill Clinton are a good template and alternative to the failed right wing policies of Barack Obama.
Gee, Kernsie, maybe you missed it but Bill Clinton SHRUNK the size of Government and tightened up the requirements for welfare and social transfer payments.
The Mad Hatter Barack Obama has ENLARGED the Government, INCREASED the pool of people eligible for social transfer payments and wants to EXPAND the top tax brackets to well above what Bill Clinton deemed acceptable.
Thus, you stand corrected as the above is correct.
transplanted (AJ Kircher),
We get it. You're a corporate loser and a business failure who's jealous of those who were actually successful at what you weren't. That explains a lot.
Comment removed by moderator. Name Calling
Mad Cow:
"We get it. You're a corporate loser and a business failure who's jealous of those who were actually successful at what you weren't. That explains a lot."
you obviously can't read
never been a loser (corporate or otherwise) and never will be
People keep harping about Obama's failed policies. If that were true, why is the economy better? If that were true why is our economy in better shape than Europe's? If that were true why did banks under Obama make profits of $85.52 billion in two years?
Many of you obviously don't like Obama, but it isn't neccessary to lie to make a point. There are things he's done I don't care for, but every president goes through that process.
joseph schillmoeller:
the only thing that surpasses your ignorance is your vile, contemptible display of it
your disgusting comment is an example of your character, or should I say character disorder, amplified by your cruel insinuations regarding expunged fetal tissue
You can be sure that I will never respond to another one of your posts.
@GOPSUX
His disgusting comments on this board prove to me that he lacks character. Just like most GOP loud-mouths, they have a closet full of disgusting behaviors - all the while spouting religious morality and participating in unpatriotic agendas.
Thanks for your support and refreshing intelligence.
A.J. - YOUR comment got the ball rolling. Why don't you take your sanctimonious garbage and ladle it out to the morons on the left who gobble up this garbage.....
Your contemptuous comments about religious persons show that YOU, A.J., have not one ounce of character....
Grow up and eat your Wheaties....
Gee, Vernos, our economy was better than Europe's when George Bush was President...Giving HIM any credit?
Corporations made record profits for much of the Bush Administration.....why don't you give credit to Bush for that, Vernos?
Unemployment for much of Bush's tenure was well below 6%...why no credit to Bush for that, Vernos?
Europe practiced the SAME policies Obama wants to implement here - for the last twenty years plus. They, too, didn't think their deficits were a problem ten years ago....now they are on the edge of collapse....why no concern over Obama having us move in that direction, Vernos?
I'd love an explanation!
BChap (Bradley Chapline),
I hope you remain a voice of reason. We don't always agree but I'm still glad you are out there.
As most letter writers know, I try to be somewhere in the middle, but it's hard to ramain there when people like Stuart Weiss and Jon Becker trash Capitalism and find some strange equivalence between Capitalism, Communism and Nazi Totalitarianism.
I don't know if they are deranged but I do find their views distastful, incorrect and are views that can, if adopted by enough Americans, undo over 300 years of American greatness.
Capitalism isn't perfect and does need to be regulated, but to trash it, find equivalence with other economic systems that have failed and resulted in millions slaughtered is.....I do know how to describe that.
I hope Americans reject the views of people like Becker and Weiss, for if they accept them, I am convinced we will all be very sorry.
Michael
Of course Bill Clinton's economic policies were superior to George w Bush's failed right wing economic policies. All you have to do is look at the facts.
BILL CLINTON.
Jobs created 24.7 million
average. G.D.P. 4.7%
And left a budget surplus of $330 billion
GEORGE W BUSH.
Jobs created 1.1 million the worst job creation record
Average G.D.P. 2.5% the worst in modern history
Left a budget deficit of $1.8 trillion and climbing.
When confronted with overwhelming facts proving the right wing economic philosophy is a abject failure it is no surprise to there attempt to change the subject with lies, insults or just a good old childish tantrum.
Oh yeah. Bill Clinton also left office with the highest approval rating at 65% since the last decent Republican president Eisenhower.
Capitalism is "Bad" say the left wing liberals...
What do they have to offer?
Wealth Redistribution
Government intrusion into all aspects of life
Anger at Successful people
Envy of the accumulation of wealth
Lack of self-responsibility
Reliance on the government for basic needs
Hatred of Business
Finger pointing
Crying about "unfairness"
Yeah, all the qualities that made this country GREAT (sarcasm)
Whining, crying, demanding, exchanging personal responsibility for blaming the other guy, envy, etc.
Great qualities on the left!
Kernsie, you posted the following to defend Bill Clinton:
"And left a budget surplus of $330 billion"
Bill Clinton left a budget DEFICIT of $5 TRILLION. You make the same false statement that liberals continue to make by CONFUSING the aspect of an "operating surplus" with a historical "surplus".
Also, a big chunk of getting to this "operating surplus" was to integrate the Social Security surplus into the general fund to make it look better.
Unemployment under Bush lower than Clinton and Clinton left with a major recession staved off by the Bush tax cuts.
Get your FACTS straight, Kernsie, as AGAIN you post a set of lies!
AJ; welcome and thanks for bringing some fresh air into the dicussion. the only ' hands on ' experience our right wing neocons have is not the kind that should be publicized.
Oh, by the way Kernsie, the last year of yearly deficits when the Bush Administration was coupled with a Republican Congress was a staggering $400 Billion....
In 2007 when Nancy Pelosi and Harry Reid took over the Congress the yearly deficit ballooned to $1.1 Trillion......
If you hold Bush responsible for the debt while dealing with the Democratic Congress - and I certainly hold him completely accountable for overspending - you MUST hold Obama responsible for every nickle of debt racked up since the start of his term....
Correct, Kernsie?
GOPReallySux,
Where did you go to high school and college? Where did you learn such one sided views? Why all the hyperbole and exaggeration?
R's have alot wrong in their party but why not be specific instead of all the generalizations?
You just make it impossible for anyone that fairly looks at both sides to even consider your opinions.
Michael
from the letter...
"The difference is $65 per phone between manufacturing here and in China." *
*************
Would you sell out your country's economy, stability, and workforce for $65?
*************
*btw, aren't those Apple's numbers? Who is to say they are accurate and not being used to justify turning their backs on their country and countrymen?
Time for another edit to make sure the FACTS are correct:
The DNC is all about tricking the "sheep" of the entitlement class (Term invented in Soviet Russia to describe people who blindly supported the likes of Lenin and Stalin while they committed atrocity after atrocity) and getting them to support things that are against their own interest.
The Democrats are all about starting wars as long as minorities have to go fight them and left wing apologists can safely sit in their union halls not having to worry about getting shot.
World War I - Wilson
World War II - Roosevelt
Korea - Truman
Vietnam - Kennedy/Johnson
The Democrats love union provided education because ignorant people vote for Democrats.
The Democrats are running a campaign based on fear, racism, disinformation, misinformation, lies, deceit and class warfare. How even Sux can't see this as OBVIOUS as to the rants of Maxine Waters, Eleanor Powell, Andre Cason, Debbie Wasserman-Schultz, etc. trying to raise fears of "Jim Crow" and the like. Barack Obama is playing the ultimate "class warfare" card. Geez, Sux, can you be so stupid?
The DNC is so weak and cowardly that it cries like a little girl - dateless for the prom every time that mean old "Fox News" tells the truth about them. "Stop picking on Barack - you're just saying those things because he's BLACK!"
The DNC relies on voter exploitation to try to make up for the known fact that a majority of Americans now call themselves "Conservative".
The Democrats hate America, Americans, freedom and our national identity as it was meant to be based on our forefathers' desire to create a free country. They want to transform us to a Social Democracy like Europe where the intelligentsia control all aspects of life - contrary to the beliefs of our Founding Fathers.
Here is some more facts the right wingers don't want you to know.
Before Bush the Dow was at 10587 after bush 7986 and plummeting. Before bush the unemployment rate was 4.2% when bush left office the unemployment rate was 7.2% and climbing with the economy shedding a average of 700 thousand jobs a month. Another fact of the right wings economic failure the average family median income dropped by 10% or in a dollars amount of $1187 a year. How about the total federal deficit it was dropping at $5.1 trillion and when bush left office it was $9.2 trillion and climbing and to top it off bush did not even include the iraq war or his $1 trillion giveaway to big pharma in is figures.
And what has the right wing done since bush left office? Cause trouble and obstruct progress that's what. Its clear that corporatism is there goal just like China. With There generational wealthy and the poor with no rights.
Michael, as you will note I pointed out the incorrect FACTS in Kernsie's post. I have also pointed out articles showing the fallacies of "Global Warming" and the FACTS regarding the hypocrisy of Vernos' post.
What has Sux posted on this blog? Nothing but irrational rants, childish taunts, pointing at innuendo that has no basis in fact and at the same time he is so cowardly he can't put his name to his posts!
I would be embarrassed to place my name next to such idiocy, but Sux seems to be proud of his stupidity!
Why then doesn't he claim it by posting his name?
But I do love to make his atmospherically empty head explode....it's so easy!
GOPReallySux, you're getting under the skin of all the teabaggers on this site.
Keep up the good work!
Unemployment under Clinton:
1993- 6.9%
1994- 6.1
1995- 5.6
1996- 5.4
1997- 4.9
1998- 4.5
1999- 4.2
2000- 4.0
Unemployment under Bush:
2001- 4.7%
2002- 5.8%
2003- 6.0
2004- 5.5
2005- 5.1
2006- 4.6
2007- 4.6
2008- 5.8
Yup, seems like those Bush "Tax Cuts" in 2003 REALLY DID THE TRICK!!!
Bush increase in deficit in eight years - Approximately $4 Trillion.
Obama increase in deficit in three years - approximately $4.4 Trillion.
Obama said during the 2008 campaign that George Bush was "unpatriotic" for running up the deficit by such an amount. Barack surpassed that figure in a little over three years.
Question: If Bush was "unpatriotic" what does that make Obama? "Treasonous"?
Kernsie, next mistake I can correct you on?
"Would you sell out your country's economy, stability, and workforce for $65?" - transplanted (AJ Kircher)
The American consumer has sold the country out for a lot less than that if you look at the labor components on clothing and other items. Granted, allowing China to be a member of WTO and have "most favored partner" status only makes it worse.
That brings ups the real problem. Why hasn't any of the posters here, let alone our elected officials, looked at our participation in the WTO and how changes in WTO policies over the years has contributed to our current situation?
And back to the topic of Stuarts letter. Before the American revolution western Europe employed state capitalism with there state sponsored enterprises only the noble wealthy could take part. The commoners were not allowed to take part in the economy they were just used for cheap labor as in China today. And Europe was inferior to Asia and the middle east economies. But then we had a fellow called john Locke the founder of liberalism and the liberal capitalistic economy that everybody can compete for those dollars based on there own labor and merit. By the end of the American and French revolution the west became the economic powerhouse of the world leaving the Asia and middle eastern economies in the dust. So why would we want to return to the inferior state capitalism model? Ohh yeah it benefits the rich who would prefer to be a king of nothing over a strong nation of individuals.
Wasn't it the President who just recently said our economy was "on the brink of failure" unless we could pass the "Payroll Tax Holiday" which put an average of twenty bucks per paycheck in the hands of our citizens?
Guess the price of selling out this country is a lot less at 1600 Pennsylvania Avenue these days...
Boftx, the United States should get out of the WTO IMMEDIATELY if not sooner....as well as the United Nations and NATO....
"Capitalism is "Bad" say the left wing liberals..."
Capitalism isn't bad at all, only if we practiced it in it's true form. When big business runs the government and has politicians in their pockets it's a system closer to what the mob accomplished. What Al Capone, Lucky Luciano or the Five Families setup in their heyday is a classic form of what we practice and what they would call "legit" business. I hear complaints all the time about how much the mob is missed here in Las Vegas since corporations took over.
How did Japan come into our auto markets and almost take over?
::::::::::::::::::::::::
Is Japan worthy of mention here?
This one is easy. Back in the early 70's, Wash DC started to help the US make automobiles. The Japanese will get another opening when the new CAFE requirements kick in. The auto industry will get addicted to bailouts.
Boftx, let me add a few more. We should be out of the World Bank, IMF and the International Development Bank.
Vernos conveniently forgets the unions in his view of the world of politics. In addition, the corporate interests have a hold of BOTH parties - not just the Republicans as Democrats would have you believe.
So shrillmoeller you do not dispute the bush only created 1.1 million jobs or that is average G.D.P. was 2.5% or that the family median income dropped by $1187 or that the Dow lost 40% of its value and still dropping when he left office. Or that the unemployment rate doubled along with the federal deficit not including the cost of the un-funded Iraq war. Bush's tax cuts the $1 trillion dollar republican giveaway to big pharma. Dunking on you is sooo! Easy!
WARNING: to anybody who dares to throw shrillmoellers lies in his face he will lie, insult, do anything to change the subject. And if you ever confront him with his failed business record he will go absolutely nuts on you. L.O.L. L.O.L. L.O.L. :)
Kernsie, you can only CREATE jobs WHEN PEOPLE ARE LOOKING FOR WORK!
You Dumbocrats NEVER seem to understand the concept. To make it easier for you dolts to understand, let's say you have a towing business. Say the President is the head of the tire company and he makes improvements to tires that cause them to not go flat.
What happens?
The number of tows decrease!
Yet you Dumbocrats sit here and say "See, the number of tows under Bush decreased to only one million!"
As for Kernsie and his business acumen, he likes to say my business was a "failure". What Kernsie doesn't point out that during my time as head of the business (2003-2007) we sold $60 million in product and had ZERO BBB complaints! THat's right - ZERO!
Kernsie says he runs a "food service" business. What a joke! His "business" grosses less than $39K a year - you can make more money selling tupperware - and has ZERO employees...and gets Government funding!
Now I don't know what his business does and I won't comment on it because I don't post opinions unless I have FACTS, but the concept that this is a "business" is laughable at best! what's even funnier is the name of this supposed high-powered organization - "Forever Love"! Been counseling Newt and his wife, Kernsie!
He's a FRAUD trying to pass himself off as a businessman!
What a maroon!
So let's see how the scoreboard adds up for the night:
Kernsie wrong on the deficit
Kernsie wrong on the unemployment figures
Kernsie wrong on the increase in the deficit under Bush/Obama
What has Kernsie proved is false under my name on this blog:
NOTHING!
Yup, seems as if the liberal sheep is bleating a continuous stream of talking points and ZERO facts!
BAAAAAHHHHHHHH!
Don't worry, Kernise, I'll be here all night to beat you to bloody pulp when you post your left-wing talking points and fake information!
LOL
HAH HAH HAH HAH HAH HAH HAH HAH HAH
Hey, Kernsie, let's do some simple math....
If you sold your tupperware for 150 years without a BBB complaint you would match my record!
Good Luck!!!
HAH HAH HAH HAH HAH HAH HAH HAH HAH
To All Republicans and Rightwingers:
Read the following and I'd like to read a rebuttal:
(without personal attacks)
http://www.huffingtonpost.com/rj-eskow/t...
As opposed to Nancy who posts a review from a hyper-partisan left-wing blog about the Republican debate, I'll ask you liberals to comment on this review of the Obama SOTU speech from a liberal blog:
http://brages07.hubpages.com/hub/Another...
Comments please?
Wow, sux is REALLY off his meds tonight as he desperately tries to smear me while hiding behind his keyboard!
I guess being made to look like a fool has REALLY touched a nerve with the inbred Sux....
Ask you again, sux, why no name by your post?
Sux, you know, let's call a truce. I really want to help you. You seem so angry and irrational. The hatred and focus on me is so intense that you seem to be fixated on trying to make me look bad - which, of course, makes you look like a complete lunatic.
A suggestion. There's a company out there called "Forever Love" that sells tupperware but may be able to help you get over your insecurities and hatred....
I hear they do good work and, based upon their annual gross income, don't charge a heckuva lot to help poor souls like you.....
I think you might even know the owner of this "organization" - his name is Mike Kerns and he is also working on anger issues...maybe you could get together and work through your issues....if your boyfriend doesn't mind you spending time with Michael.....
Shrillmoeller you posted 4 times in 12 minutes. Still no facts in defending the right wing economic record of Bush. And by the way that was the worst economic performance since the Hoover administration. You do know this but like a drunk who cannot admit they have a drinking problem you and your kind cannot accept what a colossal failure you people really are. Come on don't you have a social life it seems you cannot even manage that. What a sad life you have sitting home all night.
Re gogowhitesox, et al. You all suck. Blah, Blah, Blah, Blah. Make your opinions concise, and hopefully, coherent. Otherwise, shut the f**k up, you GOP tools. Thank you.
Hey, Trump talked about not kissing up to China anymore and everyone laughed at me when I said I'd like to see him run. Remember that when we are all forced to speak chinese and wave a chinese flag.
You see, Kernsie, I was NO FAN 0f George Bush. I, like many Republicans, believe he spent way too much money and didn't adhere to the ideals of a true Republican. In fact, the reason for the Democratic takeover of the Congress in 2006 was the apathy GWB inflicted on the Republican base.
But the "ills" you mention of the economy were, for the most part, the result of Democratic policy regarding the GSE's Fannie and Freddie...as I've posted numerous times, and will again for all you people who want to know FACTS, here is a review of a book called "Reckless Endangerment" written and reviewed by a New York Times reporter:
"The authors, Gretchen Morgenson, a Pulitzer Prize-winning business reporter and columnist at The New York Times, and Joshua Rosner, an expert on housing finance, deftly trace the beginnings of the collapse to the mid-1990s, when the Clinton administration called for a partnership between the private sector and Fannie and Freddie to encourage home buying. The mortgage agencies' government backing was, in effect, a valuable subsidy, which was used by Fannie's C.E.O., James A. Johnson, to increase home ownership while enriching himself and other executives. A 1996 study by the Congressional Budget Office found that Fannie pocketed about a third of the subsidy rather than passing it on to homeowners. Over his nine years heading Fannie, Johnson personally took home roughly $100 million. His successor, Franklin D. Raines, was treated no less lavishly."
http://www.nytimes.com/2011/05/29/books/...
The two major culprits - Johnson and Raines - were members of the Obama Election Campaign in 2008 AND WERE THE GUYS WHO REALLY CAUSED THE HOUSING COLLAPSE TO HAPPEN!
But, again , these are FACTS that will be ignored by Kerns and the other liberal clowns on this blog.
As for Friday night, Kernsie, I'm waiting for my equity run for the weeks trading so I can write my weekly wrap-up for my clients. Good news, Kernsie, got a nice, fat check for an upgrade from a good client who happens to be a Senior VP at Georgia-Pacific! He loved the fact we are up well over 20% for the last nine months with a drawdown of 6%. That's REAL money, Kernsie, not "Forever Love" phony baloney....
Gee, I guess HE doesn't think I'm a con man!
HAH HAH HAH HAH HAH HAH HAH HAH
P.S. - Did you do that math? 150 years to go to match my record, Kernsie...think you can make it?
Hey, olbuddy, I'll try to be as concise as possible...I know you can't wrap your head around more than two sentences at a time....a benefit of your union education.....
Sorry about not writing down to your level...
I'm sorry, that post aboe was for Gary Lind - a liberal who actually puts his name by his posts - unlike that coward Sux!
@GOPReallySux
I was amazed at the amount of stuff on little Joey Schillmoeller on the web! OMG! All bad too and as recent at November 2011! And he accused me of running an abortion clinic in an alley! (which the mods did remove after I flagged it)
Pay NO ATTENTION to the man behind the curtain (of 'gogowhitesox') - he's only a small man and not a wizard of truth. And, IMHO personifies the lunacy of the tea bag ideology.
At least his wife wised up...lol...and got away from the dark side! My best to the both of you! lol
Gogo,
Not sure what you mean. I'm not in a union, never been in one, and was never educated by one. Get your facts straight before you launch an attack based on false principles.
Let's all take a look at a few different posts from the almighty go-go:
"You seem so angry and irrational."
"I'll be here all night to beat you to bloody pulp."
"Wow, sux is REALLY off his meds tonight"
Does anyone have a DSM-5 handy?
GOPREALLYSUX
I think you will find out why the moderator allows special privileges to shrillmoeller. and that is the N.P.R I. along with the Koch brothers Americans for prosperity who throw a lot of advertising dollars at this paper. I was not aware that shrillmoeller ever had a wife though?
YES, the greedy GOP destroyed our middle class
and our economy by sending our good paying
manufacturing jobs to COMMUNIST CHINA.
Now the greedy GOP bastards want to cut our
health care and all other programs that help
Americans.
After what these crazy republicans have done to
our economy, why would any American vote for
these heartless republican vultures, liars,
thieves and crooks?
BRING OUR JOBS BACK FROM COMMUNIST CHINA.
LIVE BETTER/WORK UNION!!!
I don't think a factory like Foxconn would be tolerated here in America--not even in places like Louisiana or Texas. Didn't anybody read the NY Times report on the horrible conditions at Foxconn? http://www.nytimes.com/2012/01/26/busine...
Can't bring back the manufacturing jobs from China. Our electricity is too expensive. Shutting down coal plants will raise them further, as well as reducing electric grid reliability. Finally, the higher prices will finish off the middle class.
On the other hand taking advantage of the natural gas boom...oh well, it would take us too long to build'em than it does to shut down coal plants. Regulatory process is stifling, no matter what they say about 'streamlining' government.
@manfromuncle1
Foxconn is just the tip of the iceberg. American corporate greed is reprehensible and so out of control that the sacrifice of human life is just an accepted byproduct to amass wealth.
Obama's plan to bring jobs back to the USA ("insource") has been ridiculed by the right wing greed mongers, and has been called everything but RIGHT.
Google the plan - which I think is much weaker than it should be - but at least it's a start. BUT it will never pass or become reality due to the GOP greedy ba$$tards already mocking it.
Apple, Dell, and all of the others named in the NY Times article, should be fined, taxed, and penalized in every way possible, including jailed for crimes against humanity. They are the new PLANTATION OWNERS, using the downtrodden communist slaves, with no rights, constitution, or advocates.
To purchase these products puts blood on your hands. Buy an IPhone, kill an innocent worker making $.13 an hour. Yeah, the religious right finds no problem with that when their Apple stock soars and they all make money. EXCEPT the middle class unemployed American losing his job and home.
Wake up America. It's BLOOD MONEY. Just like the millions made by bush cheney rove rice rumsfeld, and their saudi friends when American soldiers died for their greed in Iraq.
Bush could not wait to hang Saddam for his crimes against humanity. Bush and everyone like him should have been swinging next to Saddam! Their behavior is just as egregious as is Apple's.
The same communist China that the corporations of this country are supporting, supply weapons to our enemies. Locally we have Wynn and Adelson at the top of the list. And who do they support for government??? the GOP -- because they know their tax evasion schemes and blood money are protected by the GOP in office.
Every African American in this country should be appalled from the core of their being at what is happening to others in China and other countries, based on what happened to them in the South. Lincoln is probably rolling over in his grave as are Martin Luther King and so many freedom fighters of all colors.
Shame on America, fast becoming the whore of the world, instead of the proud, the strong, the defender of human rights, and deserving of the blood shed by our service men and women to protect freedom and democracy.
Shame on American citizens supporting the continuance of this greed and legacy.
AJ......GREAT COMMENT!
You are 100% spot on.
YES, American corporate greed SOLD OUT AMERICAN
WORKERS TO COMMUNIST CHINA!
THE ONLY WAY to fix our middle class and economy
is to BRING BACK OUR JOBS FROM COMMUNIST CHINA!
We need our manufacturing jobs back!!!
MADE IN THE U.S.A.
JOBS FOR AMERICAN WORKERS!!!
This is simple stuff folks.
We can do this.
BRING OUR JOBS BACK FROM COMMUNIST CHINA!!!
COMMUNIST CHINESE DICTATORS CHEAT THEIR OWN
WORKERS AND OUR AMERICAN WORKERS!
American companies need to save our economy and
country FIRST!
STOP SLAVE LABOR IN COMMUNIST CHINA!!!
YES, we can do this.
BRING OUR JOBS BACK FROM COMMUNIST CHINA!!!
At this point, we HAVE to do this to save
our country.
There is only one rich person that I can think of who created a lot of jobs (in America)--that person is Bernie Madoff. Hundreds of people worked at his office as well as at Fairfield Greenwich and the other "feeder funds" that took money from rich investors and sent it to Madoff.
Warren Buffett: source Wikipedia
Taxes
See also: Buffett Rule
Buffett stated that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes (due to their being from dividends & capital gains), while his employees paid 33% of theirs, despite making much less money.[133] "How can this be fair?" Buffett asked, regarding how little he pays in taxes compared to his employees. "How can this be right?" He also added:
"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning."[134][135]
Buffett favors the inheritance tax, saying that repealing it would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics".[136] In 2007, Buffett testified before the Senate and urged them to preserve the estate tax so as to avoid a plutocracy.[137]
Trade deficit
In his letter to shareholders in March 2005, Warren Buffett predicted that in another ten years' time the net ownership of the U.S. by outsiders would amount to $11 trillion.
Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an 'ownership society' will not find happiness in -- and I'll use hyperbole here for emphasis -- a 'sharecropping society'.
Author Ann Pettifor has adopted the image in her writings and has stated: "He is right. And so the thing we must fear most now, is not just the collapse of banks and investment funds, or of the international financial architecture, but of a 'sharecropper society, angry at its downfall".[140]
Investing in China
Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary[142] on Berkshire Hathaway's website stating why he would not divest from the company despite calls from some activists to do so, due to its connection with the Sudanese civil war that caused Harvard to divest from the company in 2005. He did, however, sell this stake soon afterwards, sparing him the billions of dollars he would have lost had he held on to the company in the midst of the steep drop in oil prices beginning in the summer of 2008.
In October 2008, Buffett invested in new energy automobile business by paying $230 million for 10% of BYD Company (SEHK: 1211), which runs a subsidiary of electric automobile manufacturer BYD Auto. In less than one year, the investment has reaped him over 500% return of profit.[143]
Renewable energy
In December 2011, Buffett's MidAmerican Energy Holdings agreed to buy a $2 billion solar energy project under development in California and a 49 percent stake in a $1.8 billion plant in Arizona. He already owns wind farms and these are his first forays into solar power.[147]
Follow Buffett, wind, solar and battery power.
This is the future.
Great stuff AJ