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This is way overdue....in 1965 when I left army active duty, manufactured goods were over half our economy. As of 2008 it was 9%. Orvis, an upscale LL Bean, offers American made menswear--expensive, of course. Years ago Wal Mart featured an American flag on most of their stuff.
I once got sick on Tillapia that was farm raised in China. I called the FDA and got quite an earful. Food from America has to conform to regulations. Food from abroad does not. However, the agent said, these imports are tested and have to conform to our safety standards. BUT ONLY 2% OF IMPORTED FOODS ARE TESTED! I now buy on wild American fish and happily pay a little extra for it.
If business men and women were really smart, they would stop complaining about regulations. They would brag that their products conform to regulations and are therefore safer. There is a market out there for safer products not just in this country, but in other countries as well. Even the Chinese who can afford it want to pay more for a safer product.
Its about time!! I will certainly buy products made here in the USA!!!
What is being "made in America", right now , is the crap requiring no skilled labor , or start ups. If anything.
OR , the clothing factories in CA that are using non union , illegal alien laborers. No one pays a dime in taxes, either !. LOTS of those "factories" around
You're going to open a factory here , have the unions strong arm you ?
Now your product needs 10-15% more margin just to cover bloated union thugs benefits ?
"Obuma care" - No one has a clue what that will add. But, your STILL going to open your factory!
Lets add another 10% more margin, just for knowing that it will certainly cost more than before ! Of that we can be 1000% sure !
Now your widget costs 30% higher than you thought simply because of the "benefits"
Then , of course , you need to pay these unskilled , step n fetch it's, fresh off the bus from Detroit. at LEAST $20.00 hours.
Minimum wage is SLAVE labor, right ?
So, now you have a product that uses high labor costs AND outrageous benefits. $20.00 hour = another 15%
So, before you make widget one , you must add 45% to the margins just to cover your costs, not the product costs just overhead..
THEN , after you are lucky enough to overcome that roadblock , you if you are real, real, lucky and actually sell enough to make a profit , it (the company) then needs to pay the highest corporate tax rates in the world !
The highest corp. tax rate in the world
more profit left on the table or stolen.
So, now after this huge investment, risk and long hours, you get to give your self a six figure salary and some perks. You created a few jobs, paid your corporate taxes, now you must pay your personal taxes and surprise the left thinks THAT's not enough either !
You should pay 70% of your income, like France!
After a few years of this nonsense, you say , I can lower my costs 40%, import my product, do without a large staff, benefits, no unions, make more money , less hassle.
Real tough choice !
This is the Obuma /lefty formula. Community organizers , professional students and /or failures in life/career dictating what the successful must do. A sad joke.
There is no recovery , no manufacturing jobs, plants being created, no real estate boom.
It's all hype and pink smoke. Fantasy for his lemmings to tell themselves how good everyone ELSE is doing , because they themselves are unemployed !
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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