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Gm moves to China

Don't blame capitalism or China, lay the blame where it belongs.

For one thing Unions are killing not only businesses but State Budgets.

For another as our middle class is being wiped out China's is growing and you go where the market takes you, and now China is the emerging market place.

Besides all of GM is not moving all it's plants to China.

I'm not saying I am in favor of this, it's just the way it is.
 
Read post # 63 and follow the link then get back to us.

You got it. You see, when the government bought $40 billion of GM, that means that GM was funded with $40 biilion dollars. That naturally does not go into a black hole. The whole point of companies selling equity is so they can use that money. GM essentially used the money raised by selling common and preffered stock to the US government to pay off its interest bearing debt owed to the US government. Essentially it was a debt to equity swap. Basically since the companies cash flows were good enough they could pay off the loan portion way ahead of time and not have to pay interest on that. So my point still stands, if we make back $17+ billion on the next GM IPO's we will make money.
 
You got it. You see, when the government bought $40 billion of GM, that means that GM was funded with $40 biilion dollars. That naturally does not go into a black hole. The whole point of companies selling equity is so they can use that money. GM essentially used the money raised by selling common and preffered stock to the US government to pay off its interest bearing debt owed to the US government. Essentially it was a debt to equity swap. Basically since the companies cash flows were good enough they could pay off the loan portion way ahead of time and not have to pay interest on that. So my point still stands, if we make back $17+ billion on the next GM IPO's we will make money.[/

What you said was GM paid us back. They did anything but!
 
We recieved payment for one gov loan with another gov loan, smoke and mirrors that nobody is falling for, except you maybe.

Correction: We received payment for a government loan with money that came from a government investment.

It was actually smart of GM to do this because they don't pay interest on the government investment money (they'll actually earn interest on it), but they do pay interest on the loan. One harms the profit margin, the other doesn't.
 
Correction: We received payment for a government loan with money that came from a government investment.

It was actually smart of GM to do this because they don't pay interest on the government investment money (they'll actually earn interest on it), but they do pay interest on the loan. One harms the profit margin, the other doesn't.

Thank you. Since the US was the primary stockholder at the time, we should have been praising the move as it added stock holder value, instead someone will always try and make it into a conspiracy theory.
 
Aside from the fact that the part in bold is pure speculation on your part, even if these cars are sold here, why would customers revolt now when they haven't revolted over Canadian-built vehicles being sold here, nor Mexican-built, nor Korean built, nor any of the other places that GM builds vehicles and parts, including the Chinese-built parts in some "American made" vehicles, such as the Equinox's engine (been made in China since before the bailout). Many GM vehicles are already built outside of the US.

The Pontiac Lemans kicked some butt in sales. GM has lost a ton in terms of market share. One can argue that's because of other manufacturer's now selling cars. One can not argue that none of it has to do with GM exporting jobs.

My argument is very specific to GM expanding into an emerging market. It is based on reality, instead of unfounded speculation. There is no evidence to suggest that your speculations have merit. There is a plethora of evidence that suggests the opposite, actually. As of right now,

I stated right off that I do not have a problem with them expanding. I then noted where I will have a problem if it happens.



False, you said it was the same old, but then provided only your opinion as a way to support that. I disagree with your opinion about how it is the same old same old because it is very different form the same old same old.

You might be accurate to say that the end results will be the same (on that, only time will tell), but when you claim they are the same practices as those that existed before, you are claiming something that is false.

No, we simply have a different opinion.

I agree that a full recoup will not happen, but a partial recuperation is extremely likely.

My point is that forgoing the short-sighted ideological nonsense that has thus far exacerbated the situation and instead taking a practical approach that deals with reality will mitigate the losses.

The only way we can mitigate the losses is by the stocks increasing in value. The only way. wishing for GM to fail is wishing for the entire investment to be lost, and it is exactly the kind of ideological drivel that causes such problems to begin with.

Again, go back and read my first post.

The only way that any of that money will be recouped with be through the sale of the stocks. the only thing you "will see" in all of your "patience" is how much of that money will be recouped.

Of course, every single thing about your position cries out that you have no patience, and that you are engaging in and promoting exactly the kind of short-sighted ideological nonsense that will maximize our losses.

Sorry, once again I disagree. I am commenting on the long term. You are commenting on the short term. There is entirely too much short term thinking around IMO.

A patient approach would be to look at the business decisions described in teh OP and saying "Hey, that's a pretty smart business decision. I hope it pans out ebcause if GM is successful, we have a chance to minimize our losses over that bailout."

Read my first post.

I take the exact same approach to this that I did with the Iraq war. I was opposed to either of those things happening, but I'm a practical man and I don't waste my time wishing and wanting for "the Utopia that never was". I supported the surge for the exact same reason that I support GM expanding into an emerging market.

But as it turns out, those who were concerned that it would turn into a never ending mess were right. I'm assuming you used the same arguement then as you are now?

If stupid political decisions are made, such as the GM bailout or the Iraq war, you only exacerbate the stupidity of those decisions by focusing on their stupidity and trying to "undo" them. Instead, you have to try to offset the stupid decision by making smart subsequent decisions. It is a stupid decision to hold back GM's from profitable markets base don Ideology, just as it would have been a stupid decision to pull out of Iraq instead of performing the surge.

Maybe you can explain how your wishful thinking made things better in the Iraq situation.


Then we should focus on creating more jobs in domestic markets which are supported by our evolving economy instead of trying to cling to jobs which are no longer sustainable in our economy.

They are sustainable.

The mentality of clinging to jobs which are made obsolete in our current economic reality is the same short-sighted mentality that leads to these kinds of bailouts in the first place. I'd have preferred it if the same amount of money was invested in the American people retraining them to deal with the new economic reality instead of pandering to their resistance to these economic changes which are quickly passing them by.

Cop out. I fully believe we can manufacturer $700 televisions here in the U.S. and pay at least as well as "service industry" jobs.

Ah, the utopia that never was. We can't go back in time, so why dwell on that utopia that never was?

Bankruptcy is a long held practice. Not some utopian thought. The idea that GM can be saved long term without addressing many of their problems (legacy costs) is the Utopian thought.
 
The Pontiac Lemans kicked some butt in sales. GM has lost a ton in terms of market share. One can argue that's because of other manufacturer's now selling cars. One can not argue that none of it has to do with GM exporting jobs.

If exporting jobs played a role, it was a minuscule one. Nothing even remotely close to what you appear to be suggesting.


I stated right off that I do not have a problem with them expanding. I then noted where I will have a problem if it happens.

Why would you suddenly have a problem with something that predates the bailout? Is it only because it is China?




No, we simply have a different opinion.

False. I am not sharing an opinion, I am sharing an observation about the practices (which are, despite your denials, different from what existed in the past). The only way that you can present a denbial is by ignoring the differences and speculating about why you consider it to be the same.

But things that are different cannot be the same.


Again, go back and read my first post.

Why do you think your first post was relevant to my point there?



Sorry, once again I disagree. I am commenting on the long term. You are commenting on the short term. There is entirely too much short term thinking around IMO.

Nonsense. Absolutely nothing you have said regarding the way that we can recoup the losses from the bailout employed long-term thinking.



Read my first post.

Looked at it. Nothing patient about it. You made it a point to call something purely speculative a current problem.

But as it turns out, those who were concerned that it would turn into a never ending mess were right. I'm assuming you used the same argument then as you are now?

That would be a bad assumption on your part. I opposed the bailout. I also wish it never happened. But once something I don't like becomes reality, I tend to take the stance of "wish in one hand, **** in the other and see which one fills up faster."

In other words, wishing for things that aren't going to happen ain't even worth as much as ****.



Maybe you can explain how your wishful thinking made things better in the Iraq situation.

Most of my stances regarding what to do after stupid decisions aren't about making things better, but instead focus on not making things worse over teh long term. Leaving Iraq in the pre-surge turmoil would have lead to more long term instability. That doesn't change the fact that they should never have gone in in the first place, but trying to hit "undo" on reality is almost always the stupidest approach to take after a **** up.


They are sustainable.

That's wishful thinking. The same wishful thinking that many had in the past when our economy changed. While some jobs will continue to exist in production, the proportion of those jobs to the total number of jobs is unsustainable. That's part of the reason why they are decreasing.

Another reason they are decreasing is that these workers are being increasingly replaced with technology. It's not just wishful thinking to say these jobs are sustainable in our economy, it's delusional thinking.

Cop out. I fully believe we can manufacturer $700 televisions here in the U.S. and pay at least as well as "service industry" jobs.

I'll bite. How do you think that we can do this?

Bankruptcy is a long held practice. Not some utopian thought. The idea that GM can be saved long term without addressing many of their problems (legacy costs) is the Utopian thought.

It becomes a utopian thought when someone believes that something that never occurred could have made everything so much better.

Even if it would have been the perfect solution, why dwell on that which did not occur instead of focusing on how to deal with the reality that is?

Because bankruptcy in the current situation will only exacerbate an already bad situation. It's pointless. Instead we should work towards mitigating the long term losses over the **** ups of the past.
 
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If exporting jobs played a role, it was a minuscule one. Nothing even remotely close to what you appear to be suggesting.

How big of a hit would you say GM could take?

Why would you suddenly have a problem with something that predates the bailout? Is it only because it is China?

It's because of the bail-out mostly.

False. I am not sharing an opinion, I am sharing an observation about the practices (which are, despite your denials, different from what existed in the past). The only way that you can present a denbial is by ignoring the differences and speculating about why you consider it to be the same.

But things that are different cannot be the same.

They agreed to cuts to get the money. It didn't take them long to start demanding raises. I say it's the same.

Why do you think your first post was relevant to my point there?

Because this has been a response to my first post. Did you go back and read it or not?

Nonsense. Absolutely nothing you have said regarding the way that we can recoup the losses from the bailout employed long-term thinking.

Just because you think differently. :shrug:

Looked at it. Nothing patient about it. You made it a point to call something purely speculative a current problem.

I said that I did not have a problem with them expanding. You said that I should say it was a good business decision. I did. Just because i wished to discuss possible ramifications is no need for all these accusations.

That would be a bad assumption on your part. I opposed the bailout. I also wish it never happened. But once something I don't like becomes reality, I tend to take the stance of "wish in one hand, **** in the other and see which one fills up faster."

In other words, wishing for things that aren't going to happen ain't even worth as much as ****.

So you just remained quiet about your concerns?

Most of my stances regarding what to do after stupid decisions aren't about making things better, but instead focus on not making things worse over teh long term. Leaving Iraq in the pre-surge turmoil would have lead to more long term instability. That doesn't change the fact that they should never have gone in in the first place, but trying to hit "undo" on reality is almost always the stupidest approach to take after a **** up.

But those with concerns and that expressed them were right, correct?

That's wishful thinking. The same wishful thinking that many had in the past when our economy changed. While some jobs will continue to exist in production, the proportion of those jobs to the total number of jobs is unsustainable. That's part of the reason why they are decreasing.

Another reason they are decreasing is that these workers are being increasingly replaced with technology. It's not just wishful thinking to say these jobs are sustainable in our economy, it's delusional thinking.

Technology is another subject.

I'll bite. How do you think that we can do this?

By just doing it. 25 years ago we were told that we could not compete with the quality of the Japanese. Even if the U.S. produced television is a little higher there are many who will purchase it for the reason of it employing their neighbor.

It becomes a utopian thought when someone believes that something that never occurred could have made everything so much better.

Even if it would have been the perfect solution, why dwell on that which did not occur instead of focusing on how to deal with the reality that is?

Because bankruptcy in the current situation will only exacerbate an already bad situation. It's pointless. Instead we should work towards mitigating the long term losses over the **** ups of the past.

Bankruptcy is never the perfect solution. Listening to those who warned GM years ago would have been. No use worrying about future ramifications though, is there?
 
How big of a hit would you say GM could take?

Judging by the success of other companies selling Chinese-made products, not much.



It's because of the bail-out mostly.

Why does that change it?



They agreed to cuts to get the money. It didn't take them long to start demanding raises. I say it's the same.

Looks like one thing that's the same, and one thing that different.

Because this has been a response to my first post.

What are you talking about? I didn't respond to you until you decided to respond to me when I was talking to someone else.

Are you trying to pretend that this exchange is an offshoot from your first post? :confused:



Just because you think differently. :shrug:

No, it's because your arguments to that point did not reflect reality. Particularly, the claim that "...those still on the hook for the money the government gave GM will not be able to pay it back because the jobs will be in China."

Not only is that extremely short term thinking (immediate job loss =/= no different job in the future), it also has no basis in fact.



I said that I did not have a problem with them expanding.

False.

You said that I should say it was a good business decision. I did. Just because i wished to discuss possible ramifications is no need for all these accusations.

Where did you say "This is a good business decision"?

Here it is so that you can refresh your memory:

This is incredibly convoluted. There would be nothing wrong with a company with the technology combining with a company with the need to come together for the benefit of both. That is, if GM helped a Chinese company build cars for the Chinese market that in itself is not a bad thing.

The problem is, the Chinese people can not afford to buy these cars. That being the case, as the article notes, the government buys them for them. It allows these companies to continue paying their employee's just a few bucks keeping costs low which GM will see as an oppertunity to then ship these cars over here at the expense of American employee's.

You said it wouldn't be a bad thing if it wasn't for the speculation that you give which does make it a bad thing.

So you just remained quiet about your concerns?

Where'd you get that silly idea from?

But those with concerns and that expressed them were right, correct?

I agreed with them as I was one of them. Whether or not we were right is another story altogether.

But that has no bearing on the current reality.

Technology is another subject.

Not when you are making the claim that these jobs are sustainable. It's entirely on topic when you go making claims like that.


By just doing it. 25 years ago we were told that we could not compete with the quality of the Japanese. Even if the U.S. produced television is a little higher there are many who will purchase it for the reason of it employing their neighbor.

That's wishful thinking. There are people who will purchase something simply because it helps their neighbors. I'm actually one of those people. For example, I buy all of my produce locally through a CSA and I shop at locally owned stores as much as possible and I buy American-made products whenever I can.

And I pay more for for things because I do this.

I am willing to make that financial sacrifice in order to do my part to help my local economy. But I'm also realistic about how much (or, more correctly, how little) others are willing to do the same.

Over the last 25 years, the only thing I've seen is people in general caring less and less about the "Made in the USA" label and more and more about getting cheap stuff.

If everyone was like me, it'd be a different story, but most people aren't. In fact, if most people were like me, I'd actually agree whoeheartedly that Chinese-made GMs wouldn't sell here. But the fact that many foreign-made cars (including many GM cars) do sell here implies that most people are not like me.

Bankruptcy is never the perfect solution. Listening to those who warned GM years ago would have been. No use worrying about future ramifications though, is there?

You can't focus on future ramifications by pining away for the path that wasn't chosen. Dealing with reality and making decisions based on that reality is the only way to deal with those future ramifications.
 
Later....when I get a bit more time.
 
It can be hopeless to reason with people, but your well written and thoughtful posts are appreciated by some. :)

Posted from my phone

Trying to reason with the unreasonable harry is a two way street..
 
Judging by the success of other companies selling Chinese-made products, not much.

Other companies weren't bailed out with U.S. dollars.

Why does that change it?

People didn't bail them out to build cars in China. As I said, it won't be a problem if the cars stay in China.

Looks like one thing that's the same, and one thing that different.

Or one thing the same and one thing out of desperation.

What are you talking about? I didn't respond to you until you decided to respond to me when I was talking to someone else.

Are you trying to pretend that this exchange is an offshoot from your first post? :confused:

That's the way I recalled it but since I have no desire to go back and read through everything we'll go with the idea I was mistaken.

No, it's because your arguments to that point did not reflect reality. Particularly, the claim that "...those still on the hook for the money the government gave GM will not be able to pay it back because the jobs will be in China."

Not only is that extremely short term thinking (immediate job loss =/= no different job in the future), it also has no basis in fact.

Other than we know how many jobs (well not exactly how many but it's alot) have been lost by companies making their products elsewhere.


It would be good IF the things I note do not come about.

Where'd you get that silly idea from?

I'm asking. You answering?

I agreed with them as I was one of them. Whether or not we were right is another story altogether.

But that has no bearing on the current reality.

No, other than to note that there is nothing wrong with pointing out the problems you can forsee in the future.

Not when you are making the claim that these jobs are sustainable. It's entirely on topic when you go making claims like that.

Technology will displace some jobs. It's best if it's displacing them here. Someone still needs to run the new technology.

That's wishful thinking. There are people who will purchase something simply because it helps their neighbors. I'm actually one of those people. For example, I buy all of my produce locally through a CSA and I shop at locally owned stores as much as possible and I buy American-made products whenever I can.

And I pay more for for things because I do this.

So 100% of those in this discussion agree that they would pay more for a U.S. made product.

I am willing to make that financial sacrifice in order to do my part to help my local economy. But I'm also realistic about how much (or, more correctly, how little) others are willing to do the same.

I don't believe I'm all that special. On top of that I support things to encourage it.

Over the last 25 years, the only thing I've seen is people in general caring less and less about the "Made in the USA" label and more and more about getting cheap stuff.

Seems to me that they've had little choice.

If everyone was like me, it'd be a different story, but most people aren't. In fact, if most people were like me, I'd actually agree whoeheartedly that Chinese-made GMs wouldn't sell here. But the fact that many foreign-made cars (including many GM cars) do sell here implies that most people are not like me.

The domestic manufacturers got complacent. No doubt. People won't pay more for lower quality. There is no reason for that to be the case now.

You can't focus on future ramifications by pining away for the path that wasn't chosen. Dealing with reality and making decisions based on that reality is the only way to deal with those future ramifications.

People are going to consider that.
 
Correction: We received payment for a government loan with money that came from a government investment.

It was actually smart of GM to do this because they don't pay interest on the government investment money (they'll actually earn interest on it), but they do pay interest on the loan. One harms the profit margin, the other doesn't.


From the link you obviously didn't read or understand.


Therefore, it is unclear how GM and the Administration could have accurately announced yesterday that GM repaid its TARP loans in any meaningful way. In reality, it looks like GM merely used one source of TARP funds to repay another. The taxpayers are still on the hook...

The bottom line seems to be that the TARP loans were "repaid" with other TARP funds in a Treasury escrow account. The TARP loans were not repaid from money GM is earning selling cars, as GM and the Administration have claimed in their speeches, press releases and television commercials. When these criticisms were put to GM’s Vice Chairman Stephen Girsky in a television interview yesterday, he admitted that the criticisms were valid:

Question: Are you just paying the government back with government money?

Mr. Girsky: Well listen, that is in effect true, but a year ago nobody thought we’d be able to pay this back.
 
Other companies weren't bailed out with U.S. dollars.

See, from my perspective, this is why I'm less bothered by GM outsourcing than I am with a company like Ford outsourcing. I have a vested interest in GM's bottom line (so that we might recoup our losses from the bailout), whereas I don't care a lick about Ford's bottom line. The only reaosn I would have bought a Ford before was to help American's keep jobs. A foreign-made ford is of no value to me. Whereas there is some value in a foreign-made Chevy due to the bailout.

People didn't bail them out to build cars in China. As I said, it won't be a problem if the cars stay in China.

This doesn't make sense to me, though. they were already building cars in other countries when they got bailed out. They weren't expected to stop building cars in other countries, so why is China such a problem?




Or one thing the same and one thing out of desperation.

I don't disagree that it was done out of desperation, but that doesn't make it any less different. I'm no fan of the unions (I actually have a strong distaste for them form my time running a non-union carpentry company), but I will give them credit when they make the right decision, even if they only did the right thing out of pure desperation.

I'm of the belief that urging over-priced workers to retire was the right thing for them to do. Whether or not they **** things up again from here on out is a different story, but that action (which is nothing to shake a stick at) does indicate that they are approaching things somewhat differently than they have in the past.



That's the way I recalled it but since I have no desire to go back and read through everything we'll go with the idea I was mistaken.

fair enough.


Other than we know how many jobs (well not exactly how many but it's alot) have been lost by companies making their products elsewhere.

But the overall effect of outsourcing on the total number of jobs has not been negative so much as it has been neutral, because while we lose jobs that are outsourced, we gain different kinds of jobs.

In another thread I saw your description of what your father has done (with his job at sears). To me, it looks like we actually have a similar view on this. While a person may lose their job in one field, a motivated person will find another job elsewhere, often in a completely unrelated field.

Perhaps my view of things is in part due to the fact that I used to do very well for myself in the construction industry, which was not outsourced but it was practically eradicated in this recession due to the housing bubble. Instead of chasing after jobs that weren't there, I've completely altered my career course. I tightened my belt and took on a job that pays a fraction of what I used to make in order to set myself up for that future career. I was more willing to do this than other might be because I did not entertain the fantasy that I could pull an undo on reality. Even if I did manage to land another carpentry job, it would be at a fraction of what I used to make anyway, and my hold on that job would be tenuous regardless of my skill at the job (and I happen to be pretty good at it, if I do say so myself).

So, to be frank, I realize that this does add a degree of bias to my assessments on how to move forward form bad situations. I firmly believe that if I did not have a practical approach to things I would be in far worse shape now than I am (I'm actually not in bad shape at all, even though I make a lot less than I used to).

It would be good IF the things I note do not come about.

Fair enough. I think it can be good either way, as long as it is profitable. I'm not convinced that cars made in China won't sell here, and I think that massive profits can be had in China simply due to the immense size of that market.



I'm asking. You answering?

Yes.

No, other than to note that there is nothing wrong with pointing out the problems you can forsee in the future.

True. I have misunderstood your intentions, then. We essentially differ on our assessment of how much of a future problem the possibility of Chinese-made GM's being sold in the US would be. I think that the bigger threat to GM's domestic sales comes from the opposition to buying from a company that got bailed out (which, I have to say, is totally inconsistent, seeing how many people who are averse to buying GM vehicles will still patronize banks that were bailed out that outsource.)

Technology will displace some jobs. It's best if it's displacing them here. Someone still needs to run the new technology.

The people who run the technology are rarely the same people that it replaces.



So 100% of those in this discussion agree that they would pay more for a U.S. made product.

I don't care if they agree, the reality of the situation is that they would pay more to buy most U.S. made products.

I know that to be the case because I do it. I'm not speculating about it being the case, I'm encountering it being the case.


I don't believe I'm all that special. On top of that I support things to encourage it.

If you are doing what I do -buying the majority of things locally and US made- then you are special (at least compared to the majority overall, your local region might be different, though). I also support things to encourage it. But I'm also fairly realistic about what percentage of people will be willing to go that route, at least in my region.

Perhaps you live in a region of the US where a higher proportion of people are willing to go this route, or it's much easier to buy your food locally (which will make it cheaper)

Seems to me that they've had little choice.

They've had a choice, they've simply not made that choice. They weren't willing to make the necessary sacrifices that go along with that choice.

It's silly to assume that since one choice is far easier, no other options exist. They can research the companies they patronize, they can look at labels, they can shop at locally owned stores, etc. If one is determined enough, they can still find American-made versions of most products

The domestic manufacturers got complacent. No doubt. People won't pay more for lower quality. There is no reason for that to be the case now.

There's one very important reason. No matter what, there will always be some country where cheaper labor can be found than what can be found here. And the part in bold is important. People typically won't pay more for equal quality products either. Just because something is American-made doesn't mean it'll be higher quality. That's part of the problem that got us here. Equal quality can be found cheaper.

The only thing that can change the outsourcing issue would be if everyone took the stance of buying American-made products simply because they are American-made. If they boycotted products, regardless of quality and price, that are a product of outsourcing.

People are going to consider that.

I guess I don't have as much faith in people as you do.
 
From the link you obviously didn't read or understand.

No, I understood it. You clearly did to because you've stopped calling those "other TARP funds" loans.


In reality, it looks like GM merely used one source of TARP funds to repay another.

See?

The bottom line seems to be that the TARP loans were "repaid" with other TARP funds in a Treasury escrow account.


there it is again.

The TARP loans were not repaid from money GM is earning selling cars

I never said they were.

You do understand that a government investment into a company would still be TARP funds, yes?

You also understand that an investment is not a loan, yes?

If the answers to those questions are "yes", then you are also aware that the statement you made of "We recieved payment for one gov loan with another gov loan" was false, which is why I corrected it.

If the answers to those questions are "no", then you clearly do not know exactly how the bailout went down.
 
No, I understood it. You clearly did to because you've stopped calling those "other TARP funds" loans.




See?




there it is again.



I never said they were.

You do understand that a government investment into a company would still be TARP funds, yes?

You also understand that an investment is not a loan, yes?

If the answers to those questions are "yes", then you are also aware that the statement you made of "We recieved payment for one gov loan with another gov loan" was false, which is why I corrected it.

If the answers to those questions are "no", then you clearly do not know exactly how the bailout went down.

You live in your own little world of "clinton speak". I live in a real world with black and white right and wrong, we talk right past eachother.
 
You live in your own little world of "clinton speak". I live in a real world with black and white right and wrong, we talk right past eachother.

Correction: I live in a world where words shave specific meanings and you live in an alternate reality where words mean whatever you want them to mean.
 
Correction: I live in a world where words shave specific meanings and you live in an alternate reality where words mean whatever you want them to mean.

I have learned to read between the lines, words have meanings yes but they are often as not meaningless.
 
See, from my perspective, this is why I'm less bothered by GM outsourcing than I am with a company like Ford outsourcing. I have a vested interest in GM's bottom line (so that we might recoup our losses from the bailout), whereas I don't care a lick about Ford's bottom line. The only reaosn I would have bought a Ford before was to help American's keep jobs. A foreign-made ford is of no value to me. Whereas there is some value in a foreign-made Chevy due to the bailout.

People most certainly have differing opinions on things.

This doesn't make sense to me, though. they were already building cars in other countries when they got bailed out. They weren't expected to stop building cars in other countries, so why is China such a problem?

People realize China moreso but not exclusively doesn't play fair when it comes to trade.

I don't disagree that it was done out of desperation, but that doesn't make it any less different. I'm no fan of the unions (I actually have a strong distaste for them form my time running a non-union carpentry company), but I will give them credit when they make the right decision, even if they only did the right thing out of pure desperation.

I don't despise unions like some. I admit that they do good some of the time. They just don't know when to stop asking for more and more.

I'm of the belief that urging over-priced workers to retire was the right thing for them to do. Whether or not they **** things up again from here on out is a different story, but that action (which is nothing to shake a stick at) does indicate that they are approaching things somewhat differently than they have in the past.

Over priced? I'd say unaffordable. Not that I really took your posts as a knock. But anyway......the unions realize that there is nothing they can do for these workers IMO. It's in their best interest to not have to deal with it. I won't dismiss your arguement out of hand. I can just see them asking for increases for the lower wage workers (which they did and got) and not wanting to have to deal with the higher paid workers wanting to know where theirs is at.

But the overall effect of outsourcing on the total number of jobs has not been negative so much as it has been neutral, because while we lose jobs that are outsourced, we gain different kinds of jobs.

I hear this and I just don't buy it. How does no one making televisions in the U.S. create a job we wouldn't have otherwise?

In another thread I saw your description of what your father has done (with his job at sears). To me, it looks like we actually have a similar view on this. While a person may lose their job in one field, a motivated person will find another job elsewhere, often in a completely unrelated field.

Sure but he's not in the same position he was in before he put his years in and retired. Now, I've argued that indeed, these old jobs that I believe we could still do here will not pay the way they once did.

Perhaps my view of things is in part due to the fact that I used to do very well for myself in the construction industry, which was not outsourced but it was practically eradicated in this recession due to the housing bubble. Instead of chasing after jobs that weren't there, I've completely altered my career course. I tightened my belt and took on a job that pays a fraction of what I used to make in order to set myself up for that future career. I was more willing to do this than other might be because I did not entertain the fantasy that I could pull an undo on reality. Even if I did manage to land another carpentry job, it would be at a fraction of what I used to make anyway, and my hold on that job would be tenuous regardless of my skill at the job (and I happen to be pretty good at it, if I do say so myself).

All the props to you.

So, to be frank, I realize that this does add a degree of bias to my assessments on how to move forward form bad situations. I firmly believe that if I did not have a practical approach to things I would be in far worse shape now than I am (I'm actually not in bad shape at all, even though I make a lot less than I used to).

Obviously I've argued the same things. I still would based upon my current arguement. Someone manufacturing a television isn't going to get paid what a good carpenter was able to. It's better than unemployment though.

Fair enough. I think it can be good either way, as long as it is profitable. I'm not convinced that cars made in China won't sell here, and I think that massive profits can be had in China simply due to the immense size of that market.

Indeed. I'd like to see the unions sneak in this way also.
True. I have misunderstood your intentions, then. We essentially differ on our assessment of how much of a future problem the possibility of Chinese-made GM's being sold in the US would be. I think that the bigger threat to GM's domestic sales comes from the opposition to buying from a company that got bailed out (which, I have to say, is totally inconsistent, seeing how many people who are averse to buying GM vehicles will still patronize banks that were bailed out that outsource.)

Here is my problem. I DO NOT want the government thinking how they did this was a good idea. They completely turned accepted laws and systems on their heads. As I've argued, if this had been a standard bankruptcy with the governments only role was in stating that they would gaurantee any money, I would not have the problems with this that I do. They government had no place telling investors that they can just forget their place because the government have others they want to place ahead of you.

The people who run the technology are rarely the same people that it replaces.

Jobs are jobs.

I don't care if they agree, the reality of the situation is that they would pay more to buy most U.S. made products.

I know that to be the case because I do it. I'm not speculating about it being the case, I'm encountering it being the case.

This is starting to change. Once China has the market they can charge whatever they want. I did recently find a small portable heater. Made in the U.S.A It was the same price as the import models.

If you are doing what I do -buying the majority of things locally and US made- then you are special (at least compared to the majority overall, your local region might be different, though). I also support things to encourage it. But I'm also fairly realistic about what percentage of people will be willing to go that route, at least in my region.
Majority? I can't find a majority of things. I do look. It's a bit of a joke with my wife and daughter.......she's 10. She and her mom will be out shopping and she'll come home and say "Look dad, made in the U.S.". LOL

Perhaps you live in a region of the US where a higher proportion of people are willing to go this route, or it's much easier to buy your food locally (which will make it cheaper)

I do not know that the people in this area would pay more or not. Many say they want to be able to purchase U.S. items but I'm not sure how many would pay more or how much more.

They've had a choice, they've simply not made that choice. They weren't willing to make the necessary sacrifices that go along with that choice.

It's silly to assume that since one choice is far easier, no other options exist. They can research the companies they patronize, they can look at labels, they can shop at locally owned stores, etc. If one is determined enough, they can still find American-made versions of most products

I tried to find a coffee pot made in the U.S. I couldn't do it. I tried to find a floor jack made in the U.S. The only ones I could find were large commercial units. I bought a used one because the Chinese ones are ****.

There's one very important reason. No matter what, there will always be some country where cheaper labor can be found than what can be found here. And the part in bold is important. People typically won't pay more for equal quality products either. Just because something is American-made doesn't mean it'll be higher quality. That's part of the problem that got us here. Equal quality can be found cheaper.

I believe that is often times the case but not because it has to be. Look at refrigerators. You once got like 3 year warranties with many times 5-10 years on certain parts. We could still make them that well. Now they have 6 months warranties because they are made so poorly. (elsewhere)

The only thing that can change the outsourcing issue would be if everyone took the stance of buying American-made products simply because they are American-made. If they boycotted products, regardless of quality and price, that are a product of outsourcing.

I have to have my coffee.

I guess I don't have as much faith in people as you do.

:shrug:
 
I have learned to read between the lines, words have meanings yes but they are often as not meaningless.


You are the one misusing the word "loan" though.

True statement: GM used funds that they received from the government's investment in the company to pay back the loans that they received from the government.

False statement: [GM payed back] one gov loan with another gov loan.


It's important for us to use the right words in this context because the incorrect words that you chose to use imply that we will eventually receive payment from GM to pay back the funds that they used to pay off their loans, which is not true.

Loans would get paid back. The funds that they used will not get paid back. The only way to recoup those funds is by selling off the investment that created them. In order to recoup as much as possible, the stocks that they were used on need to increase in value.

It's a ssimple as that. Your false statement is not only misleading, it also has a totally different method of recuperation.
 
Here is my problem. I DO NOT want the government thinking how they did this was a good idea. They completely turned accepted laws and systems on their heads. As I've argued, if this had been a standard bankruptcy with the governments only role was in stating that they would gaurantee any money, I would not have the problems with this that I do. They government had no place telling investors that they can just forget their place because the government have others they want to place ahead of you.

You know what, after reading this post I realize that we agree on a lot more than we disagree on. And the portion above is actually a very good point. I also do not want people to think that the bailout was a good idea, so it does make sense to remind people of it's faults and flaws. This wouldn't be dwelling on the past so much as it is an attempt to prevent the same mistakes in the future.



Majority? I can't find a majority of things. I do look. It's a bit of a joke with my wife and daughter.......she's 10. She and her mom will be out shopping and she'll come home and say "Look dad, made in the U.S.". LOL


I hear you on that. It's a pain in the ass. I do a good portion of my shopping online because of it.


I tried to find a coffee pot made in the U.S. I couldn't do it. I tried to find a floor jack made in the U.S. The only ones I could find were large commercial units. I bought a used one because the Chinese ones are ****.

I recommend Bunn for coffee makers:

Bunn Coffee Makers - Buy Wholesale and Save on full line of Bunn. Bunn Coffee Maker. - Bunn Coffeemakers

I'd say to look for a Hein Werner floor jack. I believe they are still made in the USA, but they are a bit pricey.


But I have trouble finding a lot of things too. I still can't find an American-made TV. When I encounter situations where I can't buy American made, I make sure to purchase the foreign made product from a locally owned store (as opposed to some big box store). For example, in the Chicago area we are lucky enough to have a large locally-owned appliance store called Abt Electronics that is phenomenal (They have incredible service and they employ more than a few friends of mine). I get most of my appliances and electronics from there (like my Bunn coffee maker :)). Some are made in the USA, some aren't (Like I said, I can't find a TV made in the USA anymore).

Another nice thing about shopping local is that I get to know my local retailers and they can sometimes help me find products made in the USA, which I will then purchase from them so that I get to do my part in two different ways. Not to mention that you get such superior service in most cases. Hell, I've even bartered with some local businesses where I did some carpentry or other construction work for them in exchange for products and services. You can't do that with corporations.

But as I said earlier, we seem to agree more than disagree. I just wanted to focus on the things you said that really caught my attention.
 
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You are the one misusing the word "loan" though.

True statement: GM used funds that they received from the government's investment in the company to pay back the loans that they received from the government.

False statement: [GM payed back] one gov loan with another gov loan.



It's important for us to use the right words in this context because the incorrect words that you chose to use imply that we will eventually receive payment from GM to pay back the funds that they used to pay off their loans, which is not true.

Loans would get paid back. The funds that they used will not get paid back. The only way to recoup those funds is by selling off the investment that created them. In order to recoup as much as possible, the stocks that they were used on need to increase in value.

It's a ssimple as that. Your false statement is not only misleading, it also has a totally different method of recuperation.

In this scenario the words loan and investment blur, tomAto, tomato.What matters is in the end we taxpayers get screwed. Like I said read between the lines and when politicians and lawyers speak realize words lose their meaning."Depens what the meaning of is, is", remember that?
 
In this scenario the words loan and investment blur, tomAto, tomato.


That is false. They do not blur, they aren't even remotely close to each other.

What matters is in the end we taxpayers get screwed.

We have the means of helping ourselves. I'm a personal responsibility type of guy. When faced with a ****ty situation, I work toward improving it. Hyperbole doesn't do squat to fix a ****ty situation, it only makes it worse.

Like I said read between the lines and when politicians and lawyers speak realize words lose their meaning."Depens what the meaning of is, is", remember that?

Just because you can use some form of irrational justification for butchering the English language doesn't mean you should employ that irrational justification in order to butcher the English language.

You are engaging in the very same nonsense that you claim to oppose when you decide to use a word incorrectly just to pretend you are making a valid point.
 
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