VIDEO ON MSN MONEY
Where have all you americans been in last 30 plus years know that your Gov jobs are going away
stop your crying .
Yep... and the irony of the whole thing...
American owned companies are building their products in foreign countries
and using foreign labor...?
So much for the saying "Made in the USA"
The problem is....no company ever tries to be just regional...they all try to take what they make and expand expand...when there revenues begin to drop they dont blame it on the fact that they have too many stores ....they blame it on its employees, and then ship all the jobs over seas. :( Thats the main problem...see slavery is gone. And in china they can pay some factory that has dorms of thousands of people that work for 3 dollars a day. So in the end they then ship the item too you ...and in the end..slave labor is what is making all the items you find that are made in indonesia, made in china, made in mexico...etc....its just like the days where textile companies in america forced there works too live in textile owned villages...and shop at the textile village general store....you pay your people and they pay u back for rent, food, etc...and all that is gone in the states...But places like China have not been able to fight opresion and slave labor like the states did. so in the end its all about pay for work...if u can get something built for nothing why build a factory in the states....So till people realize that these items are built by poorly fed, poorly health, poorly housed people that work day and night. For a few dollars and then pay to live in the dorms..its all just sad...tis why nothing will change till someone finally admits ...expansion is bad...there is no need to go global...you will get too big for your britches...because china will not always be a slave state.
I'm not going to blame all businesses for greed. The government and its free trade
agreements did the most damage. I know a lot of American businesses that
would of flat gone bankrupt if they kept manufacturing in the USA. So, they
keep product design and a sales staff here and then sent the labor portion of the
work overseas. It was better to have some of their business intact instead of
being broke and unemployed. Everybody complains about Chinese quality, but they kept
going to Wal-mart and buying crap that breaks when there was better made
There it is folks. In a not-so-nice but clearly defined nutshell for all to see.
This is why America is in big trouble. It's been sold to the highest bidder...without regard for the long term ramifications.
Guys like the late Walter Haas have my utmost respect.
Years ago he took a lesser bid for his then very successful baseball team, simply because he wanted to give back to those who had supported it. You simply do not find these types of people anymore.
Look at the list. When you think you're supporting America's bottom-line by purchasing American goods and services, you come to find out that almost all of your money is going abroad.
I guess it'll take people not being able to afford the products these guys are selling before anything will get done to reverse the trend....then again, maybe NOT. They'll have their billions so they don't have to care.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] At midday, the major averages hover near their recently-established lows. The S&P 500 holds a loss of 0.3% while small caps lag with the Russell 2000 trading lower by 0.6%.
Equities began the day with modest gains, spending the first two hours of action near their flat lines. The S&P 500 inched to a session high of 1882.43 before reversing swiftly. The quick turn took place after a significant retreat in copper futures weighed on the two commodity-linked ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|