Posted on 10/28/2011 4:43:31 AM PDT by tobyhill
Whirlpool Corp , the world's largest appliance maker, slashed its full-year profit forecast and said it would cut about 10 percent of its workforce in North America and Europe, to protect margins in a weak economic environment.
The maker of Maytag and KitchenAid appliances will cut more than 5,000 positions and said it would close down its plant in Fort Smith, Arkansas, and reduce its overall manufacturing capacity by about 6 million units.
(Excerpt) Read more at foxbusiness.com ...
I’ve never wrapped my mind around the fact that there are folks out there who think the government has screwed them over, and think that the government must save them.
Just how much money do you think making things in China saves? And do you really think that savings is passed on to the consumer and not the stock holder? The cost of labor is one of the smallest costs in manufacturing. The average cost of labor is 10% of the MSRP WORLDWIDE. So are the few pennies saved to the dollar really worth 9-10% structural unemployment?
A tariff is one of the easiest consumption taxes to avoid. All one has to do is stay out of ChinaMart™.
Say, Johnny Reb, how come you never post in favor of slavery in China?
Why manufacturing anything in the USA would be un-American!!!
I guess that would be your department, since you are the Free Traitor. At least the ante bellum south plantation system was a domestic industry.
Damn, you guys are stupid. So Chinese slaves participate in "domestic industry," and it's ok?
But none of that matters, the free trade rape of the USA continues unabated, the only place that I see any resistance at all is on FR by a few true patriots and they get shouted down by bullies like you. Why so threatened? Where is the threat to your precious free trade system? A couple of posters on FR? Come on we are hitting a nerve aren't we.....
It is interesting the magnitude of the flak we few lovers of freedom and domestic strength in industry get from the gloBULList Free traitors..It would be comical if the stakes weren't so high.
< overused > Methinks thou dost protest too much. < /overused >
I can only imagine General Lee (military genius), surveying his troops and thinking to himself, “this is gonna’ suck.”
There already is a WBTS thread in progress, care to join?
No, thanks. But I’d like to ask you: there is a protectionist colleague of yours here on this very thread who thinks that doubling the price you pay at the pump is good for you. Even if you think it is (maybe you’re made of money), can you predict any adverse consequences?
$7 gasoline will solve all our problems.
I saw it on FR.
Think of all the high-paying jobs it would support . . . everyone would have more money, right?
Yes, $7.00/gal gas it would ensure Obama’s defeat and the dems would be a permanent minority. Would that be worth it? Hmm... Maybe!
Look at my #66.
Small problem there, champ. Obama's not proposing it, your buddy is.
I am only interested in tariffing manufactured goods, raw materials like crude whatever, not so much.
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