9th Oct 2010, 10:53
So the extra billions in annual profit go overseas to their parent company vs just the labor expenditure. I agree, they just don't get it.
9th Oct 2010, 14:49
"It's American if the corporate offices are here. Where the profits are sent answers the question."
Oh really?? So why is it that whenever we hear of recalled products made by US companies in China, they are referred to as Chinese goods? You can't have it both ways. So all the product recalls of goods manufactured in China should be referred to as American goods.
9th Oct 2010, 21:48
Yes, people are so duped by foreign company propaganda that they forget that every penny of profit from a Honda or Toyota goes to enrich Japan. In addition, Japanese companies employ only 9% of the auto-related workers in the U.S. and pay far lower wages with far fewer benefits. People never bother to look at the facts. They just read Toyota ads, and assume they understand economics.
10th Oct 2010, 09:05
Yes, I'd rather be "duped" by the domestic companies that have had a hand in driving our country into the ground. It is sad that people support incompetence so highly in our country, and continue their blind faith in these same lame organizations. GM is still 61% Government Motors because they can't handle running their own business! They have to have the big government hold their hand, so they don't mess things up again. Awesome!!
So, if and when the government sells off their share of GM, and they go back to their same old ways like Chrysler did after the 80's bailout, I guess people will still support them. It has become the norm in our country to look the other way, as long as we feel we are supporting something American. Even that is a loose term in the auto industry!
It is these people that don't understand the economics that matter, which are global economics. The shortsighted thought of closing off our borders and buying Chevy's, Ford's and Chrysler products and foregoing every other brand really makes sense if you want a world depression really quick. There is a much larger reality then domestic vs. import cars!