Skip to comments.Home Depot CEO Warns That Rise of China Means Fewer U.S. Jobs
Posted on 06/13/2008 1:50:53 PM PDT by Coffee200am
The rising value of the Chinese yuan, higher pay for Chinese workers and $136-a-barrel oil may mean more factory jobs in North America, the Home Depot chief executive Frank Blake said. The world's largest home-improvement chain is looking for factories in the United States, Mexico and Canada to build some products that are getting too expensive to make in China, Blake said in an interview in New York. The Atlanta-based Home Depot imports about 13 percent of the goods it sells, and most of that is made in China, said a spokeswoman. A shift in production from China back to North America might help blunt job losses in the region, where U.S. payrolls have declined five straight months.
(Excerpt) Read more at iht.com ...
Yeah, who wrote that?
No, if we could cut corporate tax rates, more companies would be inclined to do the same.
If we could raise rates and pay real rates of interests, we’d have a stronger (or at least on par) dollar.
If we reduced our national debt, many of these things would sort themselves out (like ruining China in the process).
This would be good news. Everyone reverts to the mean, it’s just how you get there.
Fake but accurate?
because most people don’t read past the headline.
You running for office?
You’ve got my vote!
Everytime dems run for office they run on jobs, jobs, jobs to the dumb masses. But business hear tax, tax, tax.
Jim Kramer, Mad Money, told the Big Three Autos to run for the border, cause if Obama gets his way it’ll be their end.
i’d like to hear some more complaints from everyone about the fall of the dollar please
LOL - nicely done
I’m only 26, and besides, I like being able to sleep at nights.
Most people inside the beltway sell their souls to be in power, I’d prefer not to have a security detail, talk with the people, and actually be a citizen while serving, but that’s not “how it’s done.”
Though I have thought about it, at least I have more experience than the “stumbler” and more common sense than the “chicken man.”