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re: China’s Export Restrictions Strand Medical Goods U.S. Needs to Fight Coronavirus

Posted on 4/16/20 at 11:12 am to
Posted by The Mick
Member since Oct 2010
45200 posts
Posted on 4/16/20 at 11:12 am to
quote:

bullshite. Put the blame where it belongs. If a company can save $1 they will go overseas. CEOs don't look long term, they want to get the stock up NOW and make their bonuses.
I think we're saying the same thing, no? Of course CEOs are going overseas because China can manufacture it cheaper than the US.
Posted by Centinel
Idaho
Member since Sep 2016
46748 posts
Posted on 4/16/20 at 11:14 am to
quote:

bullshite. Put the blame where it belongs. If a company can save $1 they will go overseas. CEOs don't look long term, they want to get the stock up NOW and make their bonuses.




You're correct. Shareholder demand for increased profits have nothing to do with it. Only CEO greed.

Posted by Bigbee Hills
Member since Feb 2019
1531 posts
Posted on 4/16/20 at 1:02 pm to
quote:

Bull shite. Put the blame where it belongs.
Eh, while true, it ain't that cut-and-dry.

Tldr: Yeah, blame the companies who do it, but don't discount the hand that American policymakers had in giving those companies the incentive to do so via extremely generous severance packages on their way out. If Washington wanted to they could have at least stopped the bleeding, but they chose to not only NOT do that, but also to pull the plug on middle class America by giving the free market zero reasons to stay here and every reason they asked for TO leave; all the while the politicians are turning themselves into fat cat millionaires.

Washington D.C. and the political scum that works there are as much to blame as the enterprise whose sole purpose is to turn a government ramifications-free profit, and that's exactly what they did, and that's a damn fact.


Washington's disdain for improving the middle class by bringing back American manufacturing is summed up with this one single peculiarity: After a few years in Washington, faaaar too many politicians quietly become millionaires- if they weren't already. As of 2012, the median congressman was worth over 1 million dollars, and their average net worth trends far, far higher than the rest of America, and that net worth goes up exponentially the longer they're in D.C. If being a self-made millionaire was directly correlated to common sense and IQ scores then something is up, because there's no way I believe those stupid sons a bitches we call politicians are that much smarter and industrious than the rest of America- not by that much.

If you want to be wealthy, be a politician, or hell, just live in D.C. where the economy was not only immune to the Great Recession, but, relatively speaking, prospered.

Why are so many millionaires so adamantly opposed to policies that not only make it a pain in the arse for manufacturers to move offshore, but also policies that incentivize them to come back? Because it's nearly impossible to undo how deep the deep state is nowadays in order to bring business back home, for one, and also because they line their pockets seeing after the agenda of corporate conglomerates who are doing what businesses do, i.e., turning a profit. Washington nor industry wants to undo the anti-American manufacturing policies, because those same policies that turn a bigger profit and make politicians rich are the optics that allow the whole thing to come together: "Why wouldn't they leave? How could they ever stay here and prosper? Look at what the OTHER politicians before us did to cause this! Shame on them!"

"Review the trade agreements!? Change and tweak policy to improve the business climate!? Blasphemy!"

The whole lot of them is to blame, but the politicians are the most at fault. They are sick with power and lies and we gave it to them, not the enterprises.
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