Saturday, October 16, 2010

Who's shipping jobs overseas?

WashPost, May 2009 "Under restructuring, GM to build more cars overseas": "The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the new jobs will be filled by workers overseas."

Your tax dollars, well spent, America. You're welcome, Mexico.

Related - Powerline: "Desperately seeking a message."


Vermont Woodchuck said...

Not much difference twixt the Dems and the Grand Old Palookas here. Nothing changes until the corporate tax rate in this country gets competitive with the rest of civilization.

Under the Obadiah, not a chance. That would help "Amurrica."

Bram said...

The U.S. tax rates are way too high but for most domestic companies that is only one reason to go overseas. Regulations, inflexible unions, and labor costs are the other factors - all are due at least partially to big government.

The power to regulate is the power to destroy.

Nigel Tufnel said...

Labor costs in China are lower than anything that would be remotely tolerable to anyone in the US, unionized or not. This includes positions requiring college degrees.

Chinese businesses can sell products below cost because they are propped up by the Chinese government. Huawei is doing this now to beat out the once dominant Western telco equipment companies.

To top all this off, the Chinese government artificially pegs its currency to make its products even cheaper.

There is no amount of government deregulation or reduced taxation that will address these issues to the point where companies (or consumers) will move away from Chinese exports.

Conservative Frankenstein said...

Don't bother, Mr. Tufnel. Your role as lukewarm water will never be acknowledged.

RRRRRR!!! AAARRRRR!!! Oversight BAD!!!