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Thread: GE moving X-ray business to China

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    Re: GE moving X-ray business to China

    Breaking my rule of replying to silliness.

    com·pete   /kəmˈpit/ Show Spelled
    [kuhm-peet] Show IPA

    –verb (used without object), -pet·ed, -pet·ing.
    to strive to outdo another for acknowledgment, a prize, supremacy, profit, etc.; engage in a contest; vie: to compete in a race; to compete in business.

    Compete | Define Compete at Dictionary.com

    Not the same as winning:

    win·ning   /ˈwɪnɪŋ/ Show Spelled
    [win-ing] Show IPA

    –noun
    1. the act of a person or thing that wins.
    2. Usually, winnings. something that is won, especially money.
    3. Mining .
    a. any opening by which coal is being or has been extracted.
    b. a bed of coal ready for mining.

    Google

    Moving on.


    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    you can say that again

    LOL!

    Foreign Trade - U.S. Trade with China

    think much?

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    Re: GE moving X-ray business to China

    [QUOTE=Grant;1059692892]
    Quote Originally Posted by AdamT View Post

    And we continue to fight that, and we are doing so, But the trade should continue with push/pull benefits and responses.

    We are making progress in these areas and it is not as quick as some would like. But it is a process and we have to understand that.
    Yes, I agree with that. I am not in favor of tariffs unless it's in response to a specific tariff on the other side.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post

    Of course I did and I responded. Did you not read what I wrote??



    Where did anyone claim China has the same standard of living? Canada can compete with China and does. No one here is complaining of trade with China, nor is Australia. In fact I don;t here it from anyone but Americans.
    Canada does not compete with China, neither does Australia.


    Canada and Australia are primarily resource based economies, that are doing well because of China's demand for resources. China does not have the as much domestic resources as it needs to supply its economy. In industries that Canada does compete with China, we are not doing so well. Hence the decline in manufacturing. In areas that we do not compete with China in we do ok. But Canada does have a trade deficit with China if I recall correctly (our resources tend to be exported to the US and not China) Australia I expect will have a trade surplus with China however
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    Canada does not compete with China, neither does Australia.


    Canada and Australia are primarily resource based economies, that are doing well because of China's demand for resources. China does not have the as much domestic resources as it needs to supply its economy. In industries that Canada does compete with China, we are not doing so well. Hence the decline in manufacturing. In areas that we do not compete with China in we do ok. But Canada does have a trade deficit with China if I recall correctly (our resources tend to be exported to the US and not China) Australia I expect will have a trade surplus with China however

    We do buy a lot of your oil.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    Canada does not compete with China, neither does Australia.


    Canada and Australia are primarily resource based economies, that are doing well because of China's demand for resources. China does not have the as much domestic resources as it needs to supply its economy. In industries that Canada does compete with China, we are not doing so well. Hence the decline in manufacturing. In areas that we do not compete with China in we do ok. But Canada does have a trade deficit with China if I recall correctly (our resources tend to be exported to the US and not China) Australia I expect will have a trade surplus with China however
    If you looked at the context of what the posts said you'd understand of how the word 'compete' was being used. Under your example we are therefore 'competing ' with Australia rather than China.

    The point is that we can all 'compete' in this world using whatever resources are at hand be they 'natural' resources or 'human' resources. Those human resources might include manual or intellectual resources.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post
    If you looked at the context of what the posts said you'd understand of how the word 'compete' was being used. Under your example we are therefore 'competing ' with Australia rather than China.

    The point is that we can all 'compete' in this world using whatever resources are at hand be they 'natural' resources or 'human' resources. Those human resources might include manual or intellectual resources.
    I didn't think you understood.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Nor do any conservatives, or many anyway, want to go to a UHC system in order to put our indsutry on a level playing field.
    such a low level, tho

    today: Cataracts, hips, knees and tonsils: NHS begins rationing operations - Health News, Health & Families - The Independent

    news, anyone?

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    Re: GE moving X-ray business to China

    Quote Originally Posted by lpast View Post
    http://www.boston.com/business/articles/2011/07
    /26/ge_moving_x_ray_business_to_china/


    Ge who made 15 billion in profits and paid NO TAXS...so much for tax cuts create jobs....like I said...they create jobs in CHINA....
    Don't forget they got a $3.2 Billion dollar tax refund on top of paying no taxes.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Maybe you should read slower. Let me repost:






    Well, . . . we're competeing with China. Maybe you didn't know that. Canada has UHC. This is important.

    However, you're still missing the point. We don't want to compete with them concerning WAGES. They pay much less.
    Obviously he fully recognizes that fact when he says the their standard of living is much lower than the US. China has much lower income per capita than advanced economies. The only way for them to increase real wages is to continue its market liberalization and continue its trade liberalizations. It is these changes that have allowed chinas economy to rapidly grow over the course of modern history and has caused the standard of living in china to grow rapidly. Trade does not happen if it is not mutually beneficial. I don't understand how you can think it does. China does not just ship stuff over here and have it sit in boxes. People buy the stuff because there is an obvious cost advantage. Maybe it helps if you would realize that this is not just about money, but comes down to real things. We literally could not make all the things we have if we did not trade with china. It is impossible, these tradeoffs for production are represented by money. It costs more to make clothes in the US because we could be making more expensive aircraft parts instead. Because trade happens, it is mutually beneficial, and because it allows us to make more things, and it allows capital to flow to its most productive uses it net INCREASES REAL WAGES.

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