U.S. Liquidating Its Best Companies

Economy in Crisis ^ | June 29, 2013 | Thomas Heffner

[DannyTN]

I guess it’s not a trade war until we acknowledge it and start fighting back, no matter how much damage they do to us.

[Resolute Conservative]

No. Protect my country’s borders and its commerce like it was intended and quit facilitating giving all our stuff away via high domestic taxes forcing jobs/companies offshore.

[Count of Monte Fisto]

Free Traitors have absolutely ruined this country and then they call those that complain about it Communists. When we take this country back from the Globalist Banksters we are going to put Free Traitors on trail and then, God willing, send them to the gallows.

[1rudeboy]

Now, now . . . don’t be such a communist about it.

[Revolting cat!]

The US government in engaged in a trade war with the US companies. Apple, Inc has hundreds of billions of cash sitting overseas, and it has to borrow money domestically at 3% to fund whatever. (I hope it is paying back to the overseas branches of these banks.)

[Count of Monte Fisto]

The Founding Fathers advocated the death penalty for treason and protectionist trade policies. I guess they were all CommunistsX2.

[1rudeboy]

Sorry, buddy . . . still relishing the irony of someone who declares others enemies of the state and wishes for their execution whining about being called a communist.

[DannyTN]

"Fair enough. You expect the federal government to “protect” you."

I do and I'm not ashamed to say it. Neither were our Founding Fathers....

"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Article 1. Section. 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ... To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

The founders were not free traders- WND"

[DannyTN]

"Fair enough. You expect the federal government to “protect” you."

I do and I'm not ashamed to say it. Neither were our Founding Fathers....

"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Article 1. Section. 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ... To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

The founders were not free traders- WND"

[1rudeboy]

General Welfare clause? Commerce clause? Say, do you want the federal government involved in healthcare? In order to "protect" you? How is that working out?

How is it affecting employment?

[DannyTN]

"It had so much cash overseas which it couldn’t repatriate without incurring a 35% hit that it sold itself to a foreign concern, and now the cash belongs to it, no need to bring it here. "

No there is no need to bring it here. Because after selling themselves to a foriegn concern they still have open access to the American market. There is no penalty for selling out and avoiding American taxes.

But there should be!!!!

[DannyTN]

"It had so much cash overseas which it couldn’t repatriate without incurring a 35% hit that it sold itself to a foreign concern, and now the cash belongs to it, no need to bring it here. "

No there is no need to bring it here. Because after selling themselves to a foriegn concern they still have open access to the American market. There is no penalty for selling out and avoiding American taxes.

But there should be!!!!

[DannyTN]

Why did the Founding Fathers put those clauses in?

[1rudeboy]

There is no penalty for selling out and avoiding American taxes.

That's the point (that you missed). The penalty is for remaining an American company, so it chose not to be. It's not surprising that you have a blindspot about it--seeing that you want to increase penalties for doing business here.

[1rudeboy]

So some wanker can come along 200+ years later and use them as an excuse to raise my taxes, over the wishes of the Founding Fathers. /s

[DannyTN]

"General Welfare clause? Commerce clause? "

Are you now ridiculing the constitution?

[1rudeboy]

No, I am ridiculing you.

[DannyTN]

Sounded like you were ridiculing the constitution.

It’s pretty clear you don’t think the Founders should have given Congress the right to regulate trade with foreign nations.

[DannyTN]

Sounded like you were ridiculing the constitution.

It’s pretty clear you don’t think the Founders should have given Congress the right to regulate trade with foreign nations.

[1rudeboy]

If I were you, I’d concentrate on the deficiencies in your argument before attributing a fictitious one to my own.