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The Basement
Chrysler paid....
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<blockquote data-quote="TJ Cornish" data-source="post: 30939" data-attributes="member: 162"><p>Re: Chrysler paid....</p><p></p><p>Charlie - everyone wants everyone to have high paying jobs - in fact why stop there - I want everyone to be independently wealthy so no one has to work at all. The reality is that we live in a global economy where there are 6 billion people willing to work cheaper than the average American. We have to compete or die - that's the way it is. </p><p></p><p>Consumers have spoken that we're not willing to pay the large price premium for something to be made in the USA, and government policies trying to "protect" American jobs by propping up an inefficient system in companies such as Government Motors or Chrysler are temporary fixes like giving another dose of crack to stave off the withdrawal symptoms of an addict.</p><p></p><p>Chrysler and GM got bailed out (more than once) because they have high brand recognition in the minds of consumers and are considered as American as apple pie, though in reality many BMWs, Hondas, Toyotas and others are at least as American made as the "American" big 3, and all of them are filled with foreign parts. </p><p></p><p>It would be great if a few "loans" from the government could fix everything, but not everyone gets a shot at a loan, and some of those that do (large banks getting TARP money for example) don't want the money but are forced to take it anyway.</p><p></p><p>We will end up being competitive with the rest of the world one way or another - either we will be able to justify our higher salaries with better ideas, new technology, higher productivity, etc., or our prices will fall to be in line with what the world market will bear. We can delay this a bit with government manipulation of business and the economy, but the endgame is sure.</p><p></p><p>By the way, "WallStreet" is us too - a corporation is nothing more than a collection of shareholders - individual people. </p><p></p><p>I don't generally like the Gov't giving "handouts" to "corporations" either, however as these "corporations" bear a lot of the tax burden of an area, often it's just a matter of giving the corporation some of their own money back.</p><p></p><p>Here in MN, like in many states, we are struggling with spending more money than we are taking in on our tax base. The rallying cry of the left, echoed by our Governor Dayton is to tax the rich more so they pay their "fair share". Too bad for the "rich people" that the rich don't get much say on what their "fair share" is. Too bad for the "not so rich" people that Minnesota is right next to South Dakota, with a much better tax climate. Jobs are already migrating west out of MN.</p></blockquote><p></p>
[QUOTE="TJ Cornish, post: 30939, member: 162"] Re: Chrysler paid.... Charlie - everyone wants everyone to have high paying jobs - in fact why stop there - I want everyone to be independently wealthy so no one has to work at all. The reality is that we live in a global economy where there are 6 billion people willing to work cheaper than the average American. We have to compete or die - that's the way it is. Consumers have spoken that we're not willing to pay the large price premium for something to be made in the USA, and government policies trying to "protect" American jobs by propping up an inefficient system in companies such as Government Motors or Chrysler are temporary fixes like giving another dose of crack to stave off the withdrawal symptoms of an addict. Chrysler and GM got bailed out (more than once) because they have high brand recognition in the minds of consumers and are considered as American as apple pie, though in reality many BMWs, Hondas, Toyotas and others are at least as American made as the "American" big 3, and all of them are filled with foreign parts. It would be great if a few "loans" from the government could fix everything, but not everyone gets a shot at a loan, and some of those that do (large banks getting TARP money for example) don't want the money but are forced to take it anyway. We will end up being competitive with the rest of the world one way or another - either we will be able to justify our higher salaries with better ideas, new technology, higher productivity, etc., or our prices will fall to be in line with what the world market will bear. We can delay this a bit with government manipulation of business and the economy, but the endgame is sure. By the way, "WallStreet" is us too - a corporation is nothing more than a collection of shareholders - individual people. I don't generally like the Gov't giving "handouts" to "corporations" either, however as these "corporations" bear a lot of the tax burden of an area, often it's just a matter of giving the corporation some of their own money back. Here in MN, like in many states, we are struggling with spending more money than we are taking in on our tax base. The rallying cry of the left, echoed by our Governor Dayton is to tax the rich more so they pay their "fair share". Too bad for the "rich people" that the rich don't get much say on what their "fair share" is. Too bad for the "not so rich" people that Minnesota is right next to South Dakota, with a much better tax climate. Jobs are already migrating west out of MN. [/QUOTE]
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