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Thread: GE moving X-ray business to China

  1. #121
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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    Now exactly why is Canada doing well?

    At least compared with the US

    Our financial industry is more tightly regulated, our environmental laws are generally similar, personal income taxes are higher in Canada, our social spending on average is higher then that of the US. Our manufacturing industry is declining (it is moving to Asia, the US or Mexico.

    Canada is doing well right now for three main reasons, our financial industry did not put out nearly as many bad loans as the US (tighter regulation) so even though we have had a similar increase in housing prices, we have not had the bust (as of yet). The second reason is commodity prices, oil, metals, agriculture all have had prices remain relatively high despite the slowdown in the US ( we can thank China and India for that primarily). Last but not least, the total US collapse that could have occurred, along with the total collapse in consumer spending in the US did not occur (government stimulus to the rescue)

    Free trade is not the savings grace of Canadian jobs, the commodity sector is. Free trade has done little for Canada, and will do little for Canada in the future. Selling iron ore to India, does not require a free trade agreement, and with a free trade agreement we are not going to be selling rolled steel to India or South Korea ( Canadian mills can not compete with the cost of Indian mills, or the quality of South Korean ones )
    I don't discount the difference commodities have made and part of the Canadian boom has been the American reluctance to drill for oil, thereby making Canada their major supplier.

    It's also wise you added (not yet) to the Canadian Real Estate market. It could be argued that American housing is closer to genuine market value than Canadian prices. The Canadian real estate market is unrealistically high only through government manipulation, not as a result of the actual marketplace.

    Free trade is good for everyone, the manufacturer and the consumer. There is no long term successful alternative.

  2. #122
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    Re: GE moving X-ray business to China

    Quote Originally Posted by SheWolf View Post
    A new president won't change it... The country is divided.
    Of course. And the President of the day has played the biggest role in that.

  3. #123
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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post
    In what way?

    The Americans need a dramatic boost to their spirit, that's certain, and they have to stop vilifying each other. There are many ways to start doing this but I'm not certain the will is there anymore

    A new President certainly. There should be no class warfare or race baiting. That's no way too run a country, and everything flows from the top.

    It's trickle down optimism that's needed, not what you have now.
    Well, I do agree with that.

  4. #124
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    Re: GE moving X-ray business to China

    Quote Originally Posted by The Barbarian View Post
    but is it any wonder? in 2010 our government collected nearly 2.4 trillion dollars .... and spend 1.4 trillion dollars more then it took in .. (the figures are nearly the same for 2011) yet in 1990 our governments income was just over a trillion dollars ... and we spend 221 billion more then we took in . .

    So just do the math ... we've given the government over 1 trillion dollars more to spend since 1990, and what did they do ... they spend that trillion dollars .. plus another 1.5 trillion they didn't have. people are just fed up with the spending, they are fed up with Republicans and Democrats spending like a drunken sailor.

    People from all walks of life, from both parties .. are are saying enough already. I'm one of them, that can certainly understand where they are coming from. In 21 years we've doubled the government revenue, and they have increased their deficit spending by nearly 8 fold . My attitude has always been, show me you can stop the spending spree, that you can rein it in. Once you show me you can control you habit that has been out of control for 20 years ...... then come back to ask us to help get us out of this mess with more in taxes. But if you think I am going to trust them to cut spending ... just because they "say" they are... aint gonna happen .. I've seen 30 years of uncontrolled spending, and heard this song and dance time and time again. This time they are going to have to show me.
    We can't keep promising tax cuts either... eventually we are going to have to pay back what we have borrowed. Yes, people need to make sacrifices, but we shouldn't sacrifice innovation and investing in our own country. The parties are trying to wage one class against the other. The government is entirely dysfunction, and that's a major problem in and of itself. We need to have a grown up talk about spending cuts and investments. Simply attacking all spending is being blind, because that's is just leading to class warfare accusations from both sides.

  5. #125
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    Re: GE moving X-ray business to China

    Quote Originally Posted by AdamT View Post
    I think that most Americans realize that spending needs to be cut, and revenue needs to be raised. But the devil is in the details, i.e., where it should be cut and how it should be raised.

    As far as protectionism goes, the bottom line is that it doesn't work. Sure, you can slap tariffs on foreign products to make domestic products more competitive -- in this country. But that will only result in other countries slapping tariffs on American products. That's not such a great deal for American companies, given the fact that the fastest growing markets are all foreign markets. One of the few bright spots in the economy is manufacturing, but much of that strength is being driven by exports (see Caterpillar, for example). Of course protectionism is also incredibly inflationary.

    Beyond that, offshoring of jobs isn't the main driver of unemployment. Automation is the main driver. If you have a Chinese company employing 1000 drones to assemble widgets, and you impose a tariff to move production here, an American company isn't going to pay 1000 people to make the same widgets. They may employ 50 to run the automated assembly line.
    America was built up through tariffs on foreign goods

    Trade: Chapter 20-3: US Tariff Policy: Historical Notes




    Except for a period of time in the 1920's and post WW2 tariffs in the US were a mainstay of federal government income, and helped ensure US domestic industries developed during the 1800
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  6. #126
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    Re: GE moving X-ray business to China

    Quote Originally Posted by SheWolf View Post
    We can't keep promising tax cuts either... eventually we are going to have to pay back what we have borrowed.
    We take in enough to pay back what we have borrowed.

    Yes, people need to make sacrifices, but we shouldn't sacrifice innovation and investing in our own country. The parties are trying to wage one class against the other. The government is entirely dysfunction, and that's a major problem in and of itself. We need to have a grown up talk about spending cuts and investments. Simply attacking all spending is being blind, because that's is just leading to class warfare accusations from both sides.
    Nobody attacks all spending.

  7. #127
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    Re: GE moving X-ray business to China

    Quote Originally Posted by AdamT View Post
    I think that most Americans realize that spending needs to be cut, and revenue needs to be raised. But the devil is in the details, i.e., where it should be cut and how it should be raised.

    As far as protectionism goes, the bottom line is that it doesn't work. Sure, you can slap tariffs on foreign products to make domestic products more competitive -- in this country. But that will only result in other countries slapping tariffs on American products. That's not such a great deal for American companies, given the fact that the fastest growing markets are all foreign markets. One of the few bright spots in the economy is manufacturing, but much of that strength is being driven by exports (see Caterpillar, for example). Of course protectionism is also incredibly inflationary.

    Beyond that, offshoring of jobs isn't the main driver of unemployment. Automation is the main driver. If you have a Chinese company employing 1000 drones to assemble widgets, and you impose a tariff to move production here, an American company isn't going to pay 1000 people to make the same widgets. They may employ 50 to run the automated assembly line.
    Spending has to be cut. Thats it. There is no need to raise taxes. The government brings in huge amounts of dollars every day.

    Either the will is there to balance the budget or not, and the consequences of not doing so are clear.

    Americans decided that they wanted a symbolic President than the real deal.

    Okay, you've proved to the world you're not racists. Now you should demonstrate you're not idiots.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    America was built up through tariffs on foreign goods

    Except for a period of time in the 1920's and post WW2 tariffs in the US were a mainstay of federal government income, and helped ensure US domestic industries developed during the 1800
    America was the growing economy at that time. It's no longer the case. Places like India and China are.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    We take in enough to pay back what we have borrowed.
    There is enough money coming in. Lets keep in mind that over 90% of Americans are still reported to be employed. It just needs the political will.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    America was the growing economy at that time. It's no longer the case. Places like India and China are.
    They're just growing more rapidly because they were so far behind, and the reason for their growth was the liberalization of their economies.

    A free people with free trade can do wondrous things because, as the term implies, people are free to trade what is a betterment to themselves and their conditions.

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