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Swiss Finance Guru sees bankruptcy for the U.S
MINA Breaking News ^ | 11/07/08

Posted on 11/07/2008 7:38:30 AM PST by TigerLikesRooster

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To: Philly Nomad

You don’t have to force them to stay. But you can stop them from doing business here if they don’t.


41 posted on 11/07/2008 8:49:33 AM PST by Wolfie
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To: Murp

How do you bring the jobs home?
The worker doesn’t own the job, the employer does.

What you are asking for is Socialism, pure and simple.


42 posted on 11/07/2008 8:51:36 AM PST by Philly Nomad
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To: Murp
BRING THE JOBS HOME. TO HELL WITH THE TRANSFER OF WEALTH OVERSEAS.

How? Multi-national corporations don't have any interest in helping bail out the USA by bringing low-cost manufacturing operations back on-shore. And if the government throws a temper tantrum and tries to order them to "Produce here or you are not allowed to do business here!" they will just say "Fine," and move their headquarters to Shanghai or Dubai.

43 posted on 11/07/2008 8:54:42 AM PST by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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To: TigerLikesRooster

That’s because the internationalists will make it so.

The G8 phony world government wants to reduce the United States to just a ‘member state’ in the global scheme. To do that they have to subjugate the American people economically.


44 posted on 11/07/2008 8:58:35 AM PST by hedgetrimmer
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To: TigerLikesRooster
Swiss Finance Guru sees bankruptcy for the U.S.

We should nationalize the US. Ben has plenty of magic money for everyone. And taxpayers will see a large profit when we sell the US in a few years.
45 posted on 11/07/2008 8:58:38 AM PST by mysterio
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To: Philly Nomad

American corporations are in business to reward stockholders. How are the stockholders doing these days? Seems like the wheel has run off the cart. Because of short sited goals, corporations have killed the goose that layed the golden egg. American workers are no longer able to buy their products because they HAVE NO MONEY. I guess the answer is for american corporations to just move everything to China and SELL THEIR PRODUCTS TO THE CHINESE. Oh, excuse me, I forgot, the chinese peasants don’t have the money, their communist government does. Scrap that idea.


46 posted on 11/07/2008 9:01:24 AM PST by Murp
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To: Mr. Jeeves

I don’t think the government will have to order them to do anything. At the rate our standard of living is falling the same low cost manufacturing jobs found in China will be available here in the USA very soon.


47 posted on 11/07/2008 9:10:50 AM PST by Murp
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To: Philly Nomad

“What you are asking for is Socialism, pure and simple”

Hmmm... is the “what he is asking for” path to socialism, a shorter or longer journey than the one we are traveling on _right now_?

- John


48 posted on 11/07/2008 9:12:18 AM PST by Fishrrman
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To: Murp

But here’s the problem, if a corporation kept their (not your) jobs in America, they will have higher costs than a company that off-shores the job. The higher cost will be passed onto the consumer. The consumer buys less of the product and more from the off-shoring company with the cheaper product. This will cause the non-off-shoring company to be making less profit than a company who off-shored their jobs. Because they are making less money, their stock price would decline. Because the Stock Price is declining, the shareholders would demand the Executives to reduce expenses or get fired. The Executives are then forced by the shareholders to off-shore their jobs.


49 posted on 11/07/2008 9:20:49 AM PST by Philly Nomad
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To: Murp

You can’t invest your own money in manufacturing in the US today without being bankrupted by the unions, the trial lawyers, the regulators and the politicians. It’s not that jobs are being outsourced so much as that US manufacturers are being forced out of business. Do you think any of these union bosses or trial lawyers or politicians feel any guilt about all the jobs the have destroyed? Look at Ford and GM. How long do you think they can survive?


50 posted on 11/07/2008 9:22:50 AM PST by detective
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To: VOA

The prospect of amnesty will bring a flood of illegals to undercut wages among Obama supporters.


51 posted on 11/07/2008 9:24:49 AM PST by darth
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To: Fishrrman

Where is free trade in outsourcing? Trade implies reciprocity. There is none in outsourcing. That is why China has l.9 trillion in their foreign trade account and Japan has 900 billion. The only reciprocity we have with China is the jobs we are sending over there.


52 posted on 11/07/2008 9:28:18 AM PST by Murp
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To: RC2
where is the US going to borrow the $918 Billion they want to spend?

Where? From the post-colonial, post-imperialist paradise of Zimbabwe!


53 posted on 11/07/2008 9:31:55 AM PST by Revolting cat! (Everytime they open their mouth they shoot themselves in the foot.)
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To: jdege
You should listen to the economists when they predict recession. They’ve successfully predicted seven of the last four recessions.

The first time I heard that one it was being used to slam MIT economics professor and doom-and-gloom author Lester Thurow. The fellow made quite a career out of being completely wrong about very large matters in the economy.

54 posted on 11/07/2008 9:35:17 AM PST by Wally_Kalbacken
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To: detective

I am a small Ford Lincoln Mercury dealer in a rural area. There is no question that litigation, labor costs, taxes, EPA regulations and the like have negatively impacted the big three. However the undeniable truth is that when unions were their strongest and the big 3 were giving in to very bad agreements, they did it because they were making huge profits. Demand for their products was soaring because americans were able to buy their products. Sure, we need to change the business climate in america. But the answer to our problems is not to export all our jobs overseas. It’s all about income and we can’t afford to subsidize other countries economys by sending them all of our money and expect to sustain our standard of living. The consumer in america is done. I think the simple answer to a difficult problem is to find a way to begin to manufacture things again. We must create jobs or we are doomed to the ash heap of history.


55 posted on 11/07/2008 9:52:30 AM PST by Murp
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To: Philly Nomad
Companies have a responsibility to their shareholders only, not to a nation, not to their workers, not to the consumer. And they need to maximize their profits, and if that requires exporting “your” job, then that’s their moral obligation.

IMO, they have been laying off each others' customers for years and now that additional chicken is coming home to roost. People in foreign countries cannot buy the goods they make, like workers in America could.

Tariffs were nor a barrier to trade but a dam keeping the wealth of the country here. You wanna sell here? Build here and hire our people (aka Toyota and others). Once the Free Trade crowd got their way (build there, sell here), the wealth (infrastructure and people skills) of this country was diluted - and now our living standard will follow.

The bursting of the credit bubble is just the tip of the iceberg. Hard Times am a'comin' - FAST.

56 posted on 11/07/2008 10:19:31 AM PST by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Murp
“I think the simple answer to a difficult problem is to find a way to begin to manufacture things again. We must create jobs or we are doomed to the ash heap of history.”

I agree. But before we can invest in manufacturing in the US we need to reduce the legal restrictions, improve the regulatory system and get rid of the anti-business climate.

57 posted on 11/07/2008 11:39:06 AM PST by detective
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To: Oatka

Why do you hate Capitalism?


58 posted on 11/07/2008 11:52:36 AM PST by Philly Nomad
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To: Philly Nomad
Why do you hate Capitalism?

You win the Olympic gold medal for Conclusion Jumping.

What prosperous system were we under when we had tariffs?

"Global Competition" and "Free Trade" are code words for "Who can reach the bottom first?"

59 posted on 11/07/2008 2:54:33 PM PST by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Oatka

Have you been in a coma for the last two years?
Any increase in taxes is socialism.

Tariffs are taxes.

Competition is good for business.


60 posted on 11/07/2008 6:03:09 PM PST by Philly Nomad
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