Re: Bankruptcy and Reorganization for Detroit?

On Mon, 24 Nov 2008 11:35:17 -0800, "Ernie Jurick"
<invalidexample@xxxxxxxxxxxxxxx> wrote:


"Dave Head" <rally2xs@xxxxxxx> wrote in message
news:hq7ki4d3rn94fmvg9f2mqkj7ghahvai7td@xxxxxxxxxx

We should be working to get more manufacturing back into this country,
rather
than being willing to stand by and lose what remaining industry we have.

American manufacturing went offshore to take advantage of vastly lower
manufacturing costs.

It went offshore to escape the income tax burden in this country, too.

Since Americans pay the lowest personal income tax rate of all but one major
OECD country, where did they go? :-)

Indianapolis.

This is Economics 101. Americans benefit from much
lower prices as a consequence. I have yet to hear anyone complain about
the
plunging cost of manufactured goods over the past decade, and loyal
Americans have made Wal-mart the world's #1 retailer-- and biggest
importer
of Asian goods with American brand names.

Yep - all those kids in Korea, Hong Kong, China, etc. that are making
sneakers
instead of going to school are giving us nice, low prices.

Welcome to the free market! :-) However, your info is a bit out of date.
Korea already has a low-end European living standard, and Hong Kong has a
living standard close to ours and is no longer a manufacturing country,
having outsourced nearly everything to the mainland. Education is a priority
in China, which has a literacy rate of over 90%; factories are staffed by
immigrants from the countryside, not children. America, as you may recall,
once had sweatshops in New York's Lower East Side and textile mills staffed
almost exclusively with children. As our standard of living increased, they
disappeared. Ditto China and the rest of Asia.
-- Ernie

I'll bet there are kids assembling things somewheres asian, even yet. And I'll
bet the stuff gets imported here.

We still have sweat shops. They're just worked by illegal aliens now.

Give us about 20 years, and we'll have robots intelligent enough to do all this
stuff. Then there will be no sweatshops.
.

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