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Originally Posted by detbuch
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.
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Perhaps many of those jobs don't belong here.
They likely manufacture locally to be more responsive to the market, take advantage of local labor, local materials and perhaps more importantly avoid the costs associated with transport of heavy raw materials, finished product and extended supply chain and service components.
Yet, the profit from such ventures is sent to the USA where it can finance expansion and higher paying jobs at home that are the innovation engine of the company.
And Mitt Romney said he was going to get tough...with who again?
-spence