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 Post subject: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 1:19 pm 
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Quote:
Why Must CAT Put Plants In China?

Posted 10/07/2010

Free Trade: While blaming corporate greed for jobs fleeing overseas, the administration remains silent on foreign tariffs that block our exports and make possible the looting of American technology.

It's enough that corporations such as Caterpillar, one of the premier manufacturers of heavy equipment in the world, already are forced to operate under the world's second-highest corporate tax burden. They also face the looming threats of higher costs under ObamaCare and ever-more-stringent environmental regulations by the Environmental Protection Agency.

Despite these burdens, which are reason enough to flee these shores for friendlier business climates, such companies still manage to make a profit, something our government is not likely to do for generations due to this administration's spending of our grandchildren's inheritance. Some face yet another burden: an unlevel trading field approved by our government.

On Sept. 29 Caterpillar announced it was building its 12th factory in China, this one to build mini-excavators. To be fair, Cat is also building new factories in North Carolina, Arkansas and Texas to produce its famous earth-moving and other equipment for domestic use and export around the world. But why a 12th in China? Why can't it build mini-excavators here and export them to China?

China puts a 30% tariff on imported excavators. It has a similar high tariff on other vehicles, from mining machines to Ford cars, GM trucks and even Harley-Davidson motorcycles. China was allowed to declare such vehicles a "strategic sector" by Larry Summers when he oversaw China's entry into the World Trade Organization as President Clinton's Treasury secretary. Summers would later serve as President Obama's economic adviser, a job roughly equivalent to being cruise director on the Titanic.

China uses the irresistible lure of its growing market, coupled with tariffs and currency manipulation that makes its exports attractive and imports expensive, to create huge trade imbalances. It is cheaper for companies to build stuff there rather than exporting it from factories in the United States.


There's another catch as well. To do business in China, companies must share their proprietary technology with the Chinese. As a price for selling its cars in China, General Motors, now a subsidiary of the U.S. government, had to share its technology with a Chinese competitor, SAIC Motor Corp.

In the beginning, SAIC shared profits and production with GM. Now it's busy building and selling its own models in the rapidly growing Chinese auto market, now the world's largest. China has already told foreign car companies with plants in China that in the future, they'll have to share any electric car technology they develop.

Caterpillar now has two Chinese competitors — Lingong and Sany — that are producing what are essentially knockoffs of Caterpillar models. So Caterpillar, like other companies, faces either ignoring the Chinese market or forking over the genius of American technology to Chinese "partners" who use that technology to become our competitors in the global market.

So what's the Obama administration doing about this rigged game? Essentially nothing, due to fear the Chinese may retaliate. We're in hock to them up to our grandkids' eyeballs, and neither side seems to want to rock the status quo.

WTO rules do allow trade-deficit countries like ours to impose their own tariffs or other restrictions until trade is brought into reasonable balance. But advocates of free trade, including us, are loath to take that route.

We'd suggest that President Obama do what's needed to make U.S. companies competitive in the global market, starting with reducing their tax burden. He can also back off the environmental and greenhouse gas regulations that raise costs, prohibit expansion and encourage the NIMBYs.

And finally, he can stop bashing companies for moving jobs overseas when the rules of the game he endorses force them to.



http://www.investors.com/NewsAndAnalysi ... 549788&p=2

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 1:48 pm 
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What has Carter, RR, GHWB, Clinton, and GWB done about this? What has Congress done about this? Sure Obama is spineless but everyone in our government is.


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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 2:03 pm 
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I`m not suggest it is all obama`s fault...but there were some suggestions in the article that he should do.

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 2:08 pm 
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Quote:
We'd suggest that President Obama do what's needed to make U.S. companies competitive in the global market, starting with reducing their tax burden. He can also back off the environmental and greenhouse gas regulations that raise costs, prohibit expansion and encourage the NIMBYs.


Woot!

That green stuff isn't gonna happen. That would go against their cult's beliefs.

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 4:52 pm 
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So the solution to China fucking Americans is to do nothing to the Chinese but to fuck Americans?


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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Fri Oct 08, 2010 4:55 pm 
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oh, come on Knuckles, you don't think the benevolent corps would actually poison you or the land do you?? :mrgreen:

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Sun Jan 28, 2018 2:02 pm 
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I decided to give a bump to this thread.

The "evil" corporations are bringing stuff back to the US.



And then there is also the evil Union Pacific:

http://trn.trains.com/news/news-wire/20 ... g-farewell

Quote:
UP gives young railfan who died of cancer touching farewell

By Justin Franz | January 26, 2018

[img]http://trn.trains.com/sitefiles/resources/image.aspx?item={C697851F-DD3F-444E-AEF0-5D1A8448F55F}[/img]
[Please click this link to see the picture: http://trn.trains.com/sitefiles/resourc ... aspx?item={C697851F-DD3F-444E-AEF0-5D1A8448F55F} ]

MASON CITY, Iowa — Elliot Burgos loved trains.

Elliot’s parents, Jonathan and Shanda, say Elliot’s fascination began when he was young and never dissipated. One of the Mason City boy’s favorite places was the Union Pacific yard in his hometown.

“He was just fascinated by trains,” his father says. “By the power, by the cargo, by the horns, by all of it.”

Even after Elliot was diagnosed with brain cancer in 2016, he still loved to go down to the tracks and watch the big yellow locomotives roll by. With the help of some local UP employees, Elliot even got to take a cab ride around the yard. Shanda says the rail yard had quickly become a special place for her son and her family. But she never realized how special it was until last Saturday, five days after Elliot died. He was just 9 years old.

Following the young boy’s funeral in Mason City, the family decided to take his casket — which was painted to look like a locomotive — down to the rail yard one final time.

Pic: http://trn.trains.com/sitefiles/resourc ... aspx?item={6CD185DE-0458-4B32-BF41-F9F5F47442BB}

“We just figured we’d sit there for a few minutes,” Shanda says. But upon their arrival, the UP employees, including a special agent, who had organized Elliot’s visit more than a year earlier invited them into the terminal. That’s when Shanda saw locomotive No. 8508, an SD70ACe. The number has significant meaning to the family since Elliot’s birthday is Aug. 5, 2008. In fact, the family had even put “8508” on Elliot’s casket.

“It was crazy,” Shanda says, adding that she had applied the numbers to Elliot’s casket because she knew most locomotive’s have four digit numbers, but she did not realize there was a real “8508.” Much less that it was in Mason City that Saturday.

UP’s local employees moved the locomotive — which had mistakenly been taken off a train earlier in the day — so that the family could put Elliot’s casket next to it. Shanda says she does not believe it was a coincidence that the locomotive ended up in Mason City on the day of Elliot’s funeral.

As the family left the yard, UP’s local employees sounded the horn on multiple locomotives in honor of the young rail enthusiast.

“I had a sense of peace when we left the rail yard,” Shanda says. “It was like Elliot was telling us ‘I’m ok.’”


It's always heartbreaking to hear about young children suffering from things like cancer.

But kudos to the Union Pacific and its employees for taking the time to give this young boy a little joy in his life by allowing the boy to tour their railyard and then even give him a ride.
And then UP and its employees doubled down with what they did in arranging that particular locomotive to be in the railyard when the family brought Elliot down for one last visit after he had passed away.


RIP Elliot Burgos.

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Sun Jan 28, 2018 2:10 pm 
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A shitty post in my safe place. Downvoted. Come here to have a good time not read about kids dying. wtf.

Also bringing up saint Ogibly who's no longer around. Consider such a great loss. You've blown my high. Need a whiskey bottle and a therapist. Thanks, man gesh.

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Sun Jan 28, 2018 3:23 pm 
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Ogilvy was a funny guy. Sad story about the 9 year old, though.

Corporate flight was NEVER going to be fixed under Maoboma. Unless you made solar panels or were owned by a "person of color" or the CEO joined some hack council and announced how brilliant Maobama was you were dog shit.

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 Post subject: Re: Evil U.S.Corporations Fleeing Overseas
PostPosted: Sun Jan 28, 2018 4:24 pm 
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jack t ripper wrote:
Ogilvy was a funny guy. Sad story about the 9 year old, though.

Corporate flight was NEVER going to be fixed under Maoboma. Unless you made solar panels or were owned by a "person of color" or the CEO joined some hack council and announced how brilliant Maobama was you were dog shit.

I don't think that corporations like Apple base their business plans on the skin color the president.

That would be a silly. ;)

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