Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: primeval patriot
Now that the housing bubble is collapsing and people will no longer be able to take out home equity loans to buy $10,000 sofas to impress the neighbors, and with your stock at 5 year lows, just how do you plan to make future earnings...?
2 posted on 12/25/2007 1:56:14 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: 2banana

Globalization, which is irreversable, will eventually ravage our domestic economy. Businesses are outsourcing everything to cheaper foreign labor - even formerly classified high technology national defense components. When Sam Walton started Wal*Mart in Bentonville he insisted on marketing products made in America. Today going to Wal*Mart is like visiting Beijing. Volvo, Jaguar, Kia are owned by Ford and many “dometic” names are owned by foreign conglomerates. The 60,000 parts needed for an auto are manufactured all over the world. It’s pretty much the same with every major industry today. “Made in America” may look good but it means little or nothing. Unfortunately, it’s causing American wages to stagnate and eliminating our manufacturing base. And it’s going to get much worse.


3 posted on 12/25/2007 2:26:52 PM PST by T.L.Sink
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson