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originally posted by: DexterRiley
As I watched that video I am reminded of Ross Perot's warning back in the early 1990's about the "giant sucking sound" of jobs as they move to Mexico because of the North American Free Trade Agreement otherwise known as NAFTA.
I think that was a Bill Clinton thing if I'm not mistaken.
-dex
ISIS hackers have already used stolen US credit cards to finance their terrorism because of weak encryption. ISIS hackers have stolen the names and address of US military personnel and posted them online in a KILL LIST. This happened because there was no encryption. Hackers have stolen 21 million US Government employee records, including names and addresses because OPM had no encryption. How soon will it be before ISIS posts their names and addresses online in a 21 million KILL LIST?
originally posted by: MOMof3
a reply to: TrueAmerican
Stop buying their products. I hope they all go to Mexico so we can start over with new businesses.
The campaign of Democratic presidential candidate Hillary Clinton is set to hold fundraisers in Mexico on Wednesday.
The former secretary of state will not herself take part in the two events, which are slated to be held in Mexico City one day after the New Hampshire primary vote, the Hill reported Tuesday.
Her campaign treasurer, Jose Villarreal, will instead host the events.
Ivan Zapien, a Wal-Mart lobbyist who relocated to Mexico along with the company in 2015, will also be present to co-host the fundraising dinner.
Alejandra Rangel Smith, an academic from Mexico, will be in charge of the fundraising breakfast at her house.
According to the Hill, Mexico City is not “a common destination” for hopefuls interested in overseas fundraisers.
The donors are required to assert that they are US citizens.
originally posted by: TrueAmerican
originally posted by: MOMof3
a reply to: TrueAmerican
Stop buying their products. I hope they all go to Mexico so we can start over with new businesses.
I'm not really sure that works much anymore on a small level. Nothing short of a highly publicized, all out national boycott of Carrier products will do. That'll scare 'em to death. Or at least, it should. But even that may not be enough to overcome pestilent greed.
originally posted by: uncommitted
So, you are saying that an American based company must only employ people in America - is that what's getting your pants in a twist?
originally posted by: TrueAmerican
originally posted by: uncommitted
So, you are saying that an American based company must only employ people in America - is that what's getting your pants in a twist?
Nope. I just agree with Trump in this case that if an American company wants to employ people in other countries that it should cost them out the ying yang- so that there is a SERIOUS incentive for them to employ people in THIS country instead- or at the very least- FIRST. Then maybe America could be great again as the advantage would eventually swing to the people and higher wages- instead of to the profiteers- and foreign, virtual slave labor. And lo and behold: Pay the people more money and they will buy the higher quality products manufactured here (hopefully).
But regardless, the insane trade deficit has to go. That's gotta be high on the list. Very high. It's killing us.
originally posted by: TrueBrit
a reply to: MystikMushroom
I could understand that being an issue, but only in the event that the product was not being purchased at a profitable rate.
In this instance, it seems as if there was no problem with profitability, and that the venture was not making a loss, but that someone just thought to themselves "well sure, it's good now, but it will be better if we do a crappier job, and get paid the same amount to do it!".
It makes no sense, and it shows a distinct lack of concern for the country, the workers, and the quality of the product itself, and for the end consumer.
Here’s the conclusion:
“We estimated the nine-year cost (1997-2005) to Mexican producers at $12.8 billion (in 2000 US$), $1.4 billion per year. To put these numbers in context, the annual losses are more than 10% of the value of all Mexican agricultural exports to the United States (including beer, which Mexico, oddly, classifies as its most important agricultural export). The losses from U.S. dumping surpass the total value of Mexico’s annual tomato exports to the United States, widely touted as Mexico’s biggest NAFTA success story in agriculture.
Corn [that’s maize to us Brits] farmers suffered the highest losses. U.S. exports increased 413%, arrived at prices 19% below production costs, and real producer prices in Mexico declined 66%. We estimated losses to Mexican corn farmers of $6.6 billion over the nine-year period, over $700 million per year. These losses amount to $99/hectare per year, a crushing blow to struggling smallholders.”