http://www.freerepublic.com/focus/f-news/2671309/posts
I posted Jacoby’s article earlier.
I missed Rush’s program today, I’ll have to listen to it on Rush 24/7. Thanks for the heads up.
He’s talking about total dollar value and not actual number of jobs created. So many people get confused or are misled intentinally...
Bump
instead of a 25% tarrif, we should simply drop the corporate tax
Pure BS. Rush wouldn’t know a manufacturing plant if it was across the street from his house.
bump.
“an iPhone totally put together and made in this country would cost about $1800”
A bunch of bull. iPhone from China comes at around $6.50 cost so maybe it would cost about $50 to make here. Apple is making plenty money on it, so they can easily afford to employ a few Americans here. Someone has to open factories and businesses here too, not just try to sell us crap.
German companies somehow manage to compete and pay very good wages. Their exports are over a trillion a year and unemployment is extremely low.
I don’t know about your towns, but mine was centered around manufacturing socks.. What was 400 small to large plants is down to about 7 and they just announced their movement overseas. Our town is basically a ghost town with empty buildings all over. Sorry Rush, but the real world says your wrong on this.
rush is full of it
manufacturing jobs are disappearing
i personally worked at 4 companies that are now making all over in China
Pratt & Whitney engines
all the mom and pop machine shops that made parts are gone
service jobs are what are being creeated
I sent 115 drawings of a compamny’s products and within one year that entire line was being made in China and they laid off 150 people
Rush has NEVER had a manufacturing job, all he is doing is quoting some airhead
Come to new england. we used to make everything
every major industry up here is GONE
Aerospace is now outsourced to China or has left the state
auto parts now made in Mexico, samping done in China, Jet engines made in China and Poland, machined parts for fuel controls made in Mexico
textiles now made in Vietnam instead of Rockville, Ct
the list goes on
RUSH, Come back to Bristol, look at the abandoned factories, ask where they went
then drive around the rest of Connecticut. Count the abandoned factories. Ask where the work went.
Drive around Worcestor, ask where the work went
drive around Springfield, ask where the work went, where are the factories that existed for years and put tens of thousands of people to work?
Total BS. On average, labor costs make up 10% of the total cost of a manufactured good. So a $200.00 cell phone made in China would cast $220.00 if built is the USA.
Rush ignores the obvious experience of the everyday American walking through a department store and trying to find something made in the USA - or for that matter, trying to buy an appliance or car.
bump
Look at that inflation = 23% from 2000-2008.
“There are three types of companies, 1) lowest cost-highest volume(low margin). 2) highest cost-lowest volume(High Margin) 3) everyone else in the middle.
When times get tough the two at the end survive and everyone in the middle loses.”
It works in most all markets and now it probably can be looked at by country. If governments get in the way it delays the inevitable, very inefficiently
I don't remember who wrote the editorial on high productivity and low employment, but it gave the example of gas station attendants. I (barely) remember when, if you pulled into a gas station, a small army would come out and get busy checking the tires, cleaning the windshield, checking the oil and filling the tank. Now? Who could afford to run a business like that? All self serve.
If to hire someone, I have to take on all of their medical costs and their retirement for the rest of their life, in addition to workman's comp, SS, etc. etc., plus deal with the paperwork, how much productivity do I need to get out of that person to make hiring them worth it?
And how did all of that become my responsibility when all I'm doing is paying them to help me build widgets? Has public education made us so stupid we can't take care of ourselves any more?
And, if I was wrong about them and this person absolutely sucks and is hurting my business, how much does it then cost me to make them go away, assuming I still can fire them? How much of a case do I need to build to avoid or win the lawsuit?
I'm exaggerating, but not by much and not for much longer since we seem to be embracing the progressive European model. It's no way to run a country unless you are trying to run off business and run the country into the ground.
Which is to say, record-high tariffs. Maybe Rush doesn't know this, but there were already tariffs in place before Smoot-Hawley. The problem with Smoot-Hawley was that it raised tariffs to record levels. It wasn't an either/or situation. Wouldn't surprise me at all if that were news to Rush.
Lies, damn lies and statistics.
The fact is, millions of jobs have been lost here and put elsewhere.
Sorry Rush, from your ivory tower, you can’t see the truth on this one.
People who have never worked in a manufacturing facility or assemby plant have absolutely no idea how automated they’ve become and what their capability is. With that necessary automation has come greater productivity but also the loss of jobs which will never be recovered.
Rush is dead wrong here. The market isn’t speaking, greed is. No one in the US with our standard of living, taxes, and regulation can compete with a nation that does not have those things. That is not a fair market. It is not fair we American businesses must compete with Chinese businesses.
America is a country, not a business. We have our own economic system. If China wants to compete within our markets they must play within our system.
Get rid of the income tax. Nothing else would even come close to that in helping America manufacturing.