Penn cleans house

[Billybob]

How are you gonna make China play by the same rules when they have a complete different set of priorities?Things like the environment,safety,patents they don't mean squat to a country like China.
Most of these people don't have drinking water, electricity, infrastructure, health care, etc. Do you think they care about patent infringement?
So, you say the U.S. should not import goods from a country like this? We should not be trade partners with a country that doesn't play by the rules, right?
Who's gonna push this? The irony is that the big U.S. manufacturers are the one's migrating to China.Their rushing over there to build their plants and take advantage of the cheap labor market.And, they have the lobby $ behind them to make damn sure the gates stay open.Meanwhile, wall street's loving the ROI, the company's are making money, and the gov't is telling you this is good for the economy.
Wait til it all comes crashing down.

[PurpelNoon]

What you say is true. I'm not saying we shouldn't import anything, I', just saying I wish something would be done about what is going on. Too bad the Chinese govt. is in cohoots with the companies. That really makes it a toughy!

[JohnR]

Originally Posted by Billybob

How are you gonna make China play by the same rules when they have a complete different set of priorities?Things like the environment,safety,patents they don't mean squat to a country like China.
Most of these people don't have drinking water, electricity, infrastructure, health care, etc. Do you think they care about patent infringement?
So, you say the U.S. should not import goods from a country like this? We should not be trade partners with a country that doesn't play by the rules, right?
Who's gonna push this? The irony is that the big U.S. manufacturers are the one's migrating to China.Their rushing over there to build their plants and take advantage of the cheap labor market.And, they have the lobby $ behind them to make damn sure the gates stay open.Meanwhile, wall street's loving the ROI, the company's are making money, and the gov't is telling you this is good for the economy.
Wait til it all comes crashing down.

BB - who is going to but the products when we get into the same unemployment situations like in Europe?

[fishweewee]

Van Staal.

[spence]

Simple solution.

End this free-market nonsense as practiced by Buhs and Clinton because it is selling our very foundation in the name of corporate profits.

I really don't think our standard of living will be impacted that dramatically if we can't buy .69 cent potato peelers and 15 dollar DVD players.

There's a balance point there somewhere.

-spence

[Billybob]

John - That's exactly my point. Maybe the corporate big shots don't realize, or maybe they just don't care because this process will take a while. But, the fact is that everytime they migrate an operation to China they are firing their BEST CUSTOMERS.
When Billybob loses his good paying job in the brass mill and gets a job at Walmart, he ain't buying no Plasma TV's - neither is Wonhunglo, who's working at the new brass mill in Xianjang cause he's only making 25 yuan a month!
Walmart's gonna have to layoff Billybob, cause their sales are down.All these wonderful service jobs disappear because there's no manufacturing base to support them.
Unemployment rises as the tax base shrinks and we have a crises on our hands.
The incumbent will get blamed, a new party voted in, but it's too late - the damage is done.
And the CEO retires to Cancun eessed:

[Diamond Tackle]

Originally Posted by Billybob

John - That's exactly my point. Maybe the corporate big shots don't realize, or maybe they just don't care because this process will take a while. But, the fact is that everytime they migrate an operation to China they are firing their BEST CUSTOMERS.
When Billybob loses his good paying job in the brass mill and gets a job at Walmart, he ain't buying no Plasma TV's - neither is Wonhunglo, who's working at the new brass mill in Xianjang cause he's only making 25 yuan a month!
Walmart's gonna have to layoff Billybob, cause their sales are down.All these wonderful service jobs disappear because there's no manufacturing base to support them.
Unemployment rises as the tax base shrinks and we have a crises on our hands.
The incumbent will get blamed, a new party voted in, but it's too late - the damage is done.
And the CEO retires to Cancun eessed:

Wal Mart is the single biggest importer of Products manufactured in China according to a 60 minutes program recently aired. $18Bil (thats billion)in 2004 or approx 70% of their goods are manufactured in china, and they expect this to grow at 20% yearly. They are a big part of the problem. They squeeze manufacturers til its unprofitable for the manufacturer to deal with them, then they suggest to that manufacturer, "hey. why dont you consider manufacturing overseas(asia) to reduce yourt costs". Think about that next time you shop at Wal Mart.

[PurpelNoon]

I was at The Gap the other day and I was looking for socks. Surprisingly all the socks they had were either made in the USA or in Canada. I felt good about that and bought a couple more pairs.

[afterhours]

Originally Posted by spence

Simple solution.

End this free-market nonsense as practiced by Buhs and Clinton because it is selling our very foundation in the name of corporate profits.

I really don't think our standard of living will be impacted that dramatically if we can't buy .69 cent potato peelers and 15 dollar DVD players.

There's a balance point there somewhere.

-spence

exactly

[steelhead]

Certain free market issues are already starting to show up in India relative to It suppport etc... Competition for qualified people, (can't be found) and wage scales and benefit packages are skyrocketing, etc... Sound familiar? Humpty may not be too far off as an analogy. Bottom line, all's fair in Love and War. We're at War economically speaking right now. Ask any Joe on the street. Question is, does anyone in Washington know it????

[beachwalker]

does anyone believe that free market is natural and healthy ?

does anyone remember Korea ? Mexico ? The Free market (through industry) has hopped and skipped it's way around the 3rd world looking for labor to exploit or moves on when the countries standard of living gets to high

IMO, unfortunately that seems to be the norm in the animal kingdom. kill or be killed i guess....

it means we feel slighted because our quest for profit has superceeded our quest for excellence

[Pete F.]

Is the price of gas going up or is the value of the dollar going down?
This might be happening faster than you think.

[Swimmer]

Wunhunglo doesn't have electricity in his mud hut floor abode, so getting a plasma TV is not high on his to-do list. Don't forget these people still kill their female born children without government repudiaton.

[capesams]

no one saw the news I guess...china just built a [something like] 250 million gal.oil tank and refinery..an nothing to put in it...their looking to fill those tanks with the same oil we're after....oil going to the highest bidder?

had a talk with a shop owner yesterday about reel's...he's not happy with penn. he said look at these cheap reel's I get from oversea's,,can't get part's for them...penn goes oversea's, think I'll get part's for them? he has his dought's....the co's just want you to buy a new one when the one you have now goes south.....they don't give a rat's behind about getting the one you have fixed.. there's no profit in that.