Quote:
Originally Posted by spence
I believe CAT has at least 12 manufacturing plants in China and over 8,000 employees. It represents a substantial part of their growth strategy.
These investments have a big impact on jobs in Peoria. The net is that any way you shake it, development in emerging markets has a big impact on the US economy...
-spence
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Phew!! Glad you've finally put to rest that non-sense about "shipping jobs overseas", especially to China, costing Americans jobs. Those 8,000 jobs in Peoria instead of China would look really nice right about now. Of course, then, China wouldn't have bought the CAT stuff if it was made here because greedy, mean, right wing presidents wouldn't have forced them to. That's one of the reasons we voted for Obama, no? To stop jobs from being shipped overseas, and to make China trade "fairly" with us?
But all is well now, anyway, because CAT's "investments" in China will have a big impact on jobs in Peoria. After all, Obama will see to it that those investments are taxed at higher, fairer, rates, and that will create more "revenue" to distribute to unemployed and needy Americans.