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originally posted by: DexterRiley
Here's United Technologies financials for 2014. I suppose this is the most recent report available.
7% year-over-year increase in profits of $2.8 Billion for $16.8 Billions in net sales for their "UTC Climate, Controls & Security" division. See page 19 of that report for more information.
I guess that's just not enough profit and growth for Wall Street.
-dex
I worked in tool and die and I saw this first hand in the early 2000's. Stuff coming in from China with Chinese writing all over it. Around 2005 I saw entire industrial complexes full of tool and die shops disappear over night.
originally posted by: WeRpeons
a reply to: BatheInTheFountain
I had a friend who worked at a tool and die company. Years ago he said they would have molds made in China because it was cheaper to have them manufactured there and than repair the flaws when it was shipped back to the company. This country sacrifices it's worker's lively hoods and it's product quality for increased profits. This is the greed aspects of Capitalism. Our government is as much to blame for not taxing products made by overseas and Mexican cheap labor.
originally posted by: MystikMushroom
One part of the problem...
The company has to keep the prices on its products low enough so that Americans can afford them...
originally posted by: Leonidas
Don't give the consumer a pass for their responsibility in this.
250 Million Chinese had their lands bull dozed and stolen and forced to move to the cities to make widgets.
There was nothing voluntary or Free about it which is required under Free Market Capitalism
originally posted by: reddragon2015
I know a lot of VFX guys who either had to move to Canada or change fields cause of this crap. All the VFX companies moved to Canada because of tax breaks... It's so irritating...
originally posted by: Gryphon66
... and yet, cries for unbridled capitalism and "the free market" have enabled these carpetbaggers to use the United States infrastructure and resources (and tax breaks and corporate welfare) to build their businesses, and then they screw over the very People who have made them what they are.
We the People need to get a clue and stop letting these parasites live and profit (ridiculously) off of us.
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
"Yesterday, Sen. Clinton also said I'm wrong to point out that she once supported NAFTA," Obama said. "But the fact is, she was saying great things about NAFTA until she started running for president. A couple years after it passed, she said NAFTA was a 'free and fair trade agreement' and that it was 'proving its worth.' And in 2004, she said, 'I think, on balance, NAFTA has been good for New York state and America.' "
The Clinton campaign says Obama is wrong, that Clinton was critical of NAFTA "long before she started running for president."
We looked into Clinton's past remarks on NAFTA and concluded that she has changed her tune, from once speaking favorably about it to now saying the agreement needs "fixing."
The agreement goes back to the 1992 presidential campaign when Bill Clinton ran against incumbent President George H.W. Bush. On Aug. 12 of that year, Bush finished negotiating NAFTA with Mexico and Canada. During the campaign, Bill Clinton said he would support NAFTA if elected, but would demand supplemental agreements to protect worker rights, the environment and sudden import surges.
After Clinton won the presidency, his administration negotiated the side agreements and made NAFTA one of its top priorities. Vice President Al Gore memorably debated Ross Perot about NAFTA on CNN's "Larry King Live." Congress approved the agreements, and it was hailed as a major political victory for the new president.
As first lady, Hillary Clinton publicly supported her husband's position. In 1996, in a visit with unionized garment workers, she said the words Obama now quotes. "I think everybody is in favor of free and fair trade. I think NAFTA is proving its worth," said Clinton, according to an Associated Press report.
Clinton wrote positively of her husband's efforts on NAFTA in her memoir "Living History," published in 2003:
"Creating a free trade zone in North America — the largest free trade zone in the world — would expand U.S. exports, create jobs and ensure that our economy was reaping the benefits, not the burdens, of globalization. Although unpopular with labor unions, expanding trade opportunities was an important administration goal."
During a 2004 teleconference on funding cuts for job training, Clinton was asked whether NAFTA should be revisited. She replied, "I think that we have to enforce the trade rules that are inherent" in NAFTA. "I think on balance NAFTA has been good for New York and America, but I also think that there are a number of areas where we're not dealt with in an upfront way in dealing with our friend to the north, Canada, which seems to be able to come up with a number of rationales for keeping New York agricultural products out of Canada," she said.
originally posted by: smurfy
originally posted by: Gryphon66
... and yet, cries for unbridled capitalism and "the free market" have enabled these carpetbaggers to use the United States infrastructure and resources (and tax breaks and corporate welfare) to build their businesses, and then they screw over the very People who have made them what they are.
We the People need to get a clue and stop letting these parasites live and profit (ridiculously) off of us.
Well, America is not known for free trade et al.
there are thousands of import tariffs in force, from 20% to 350%, and that's all about protectionism.
The clue about jobs losses in the US is just where you see it..in the video, all those firms who want even more money.
How many people here shop religiously at Wal-Mart?