Classe move to China

Hi Kijanski,

I know about the drill rights and the distribution in a free market. I'm more concerned about the workforce used to carry on the exploitation. Are they going to bypass the local workers, depriving high paying jobs to people in the vicinity ?

When the chinese bought the oil field in Alberta, it was alledged they have considerable oil potential on their own land and wanted to learn more advanced technology here. Oh yeah !??.....Then why can't we gather a 20 000 north american workforce to go drilling on their own land for them instead ? And how do you think the chinese would react to that ? And it would be closer for our boys to get Classe amps over there !(had to plug that one in order to stay on topic).

Who benefits from the decline of the American middle class? Someone must, or it would not be happening? No? Or is that too simple? Are American oligarchs really being outsmarted by the Chineese oligarchs? I don't believe it. But I've been wrong before.

P.S. Do you ever get the Charlie Brown "blah, blah, blah..." feeling when you hear market analysts on TV? I feel that some years from now, when we are much smarter there will be movies with these guys in a clip and the audience will laugh hysterically.

Only about 30% (4 Trillion) of our debt is foreign - rest we owe to companies and individuals that are in the Federal Reserve program. People and Companies that lend this monies (with gov. guaranteed interest) want, like any lender to increase size of the loan (debt). This is done by lowering government income so that we have to borrow more. The only government income are taxes. Now it becomes obvious why some want to lower taxes as much as possible.

I might be wrong on this but when stock market was over-speculated and bubble burst in 30s government placed tight regulations and we had no problems for 50 years until Reagan started deregulating financial sector in 80s. Same Reagan left us with 3.7 Trillion debt. Housing crisis started not because people suddenly got less responsible but because banks started giving questionable loans knowing they can sell them to other banks (lack of regulations). Classe! (on the subject)

Who benefits from the decline of the American middle class?
01-05-12: Pubul57

In the end Nobody does....

In the short term the middle class wealth will continue to be transferred to the wealthy. But in the end even they will lose.

Why did Henry Ford implement the assembly line and pay his workers, what was considered for its time, a high wage?

Henry Ford

>>>>>>>>>>>

Globalization Equalization will kill the middle class in this country.

In 2001 I remember watching an economic advisor of GW Bush on Lou Dobbs.

The subject Globalization.... The Bush advisor went on and on how great Globalization was going to be for world economies. How much cheaper products would be here in the US.

Dobbs asked the guy about the jobs that would be lost due to US companies moving their manufacturing to countries with a cheap labor force, like China, and India. The guy said yes there would be some pain. Workers would lose their jobs and would need to be retrained for new jobs.

The advisor spoke of Globalization Equalization...
As the standard of living increased in poor countries, like China and India, those workers would have more money in their pockets to buy goods and services. And that in turn would help American Exports.....

Dobbs asked the guy about the standard of living of American workers during this equalization process. He admitted it would decline somewhat.

When asked how long he thought this equalization process would take he responded, About 25 years.....
>>>>>>>>>>

So look on the bright side we are damn near half way there.
Want to speed up the process? Buy a Classe amp Made in China....

And the beat goes on ................

China hasn't done anything to us. We did it to ourselves by believing Rush and his thousand clones and the Faux News propagandist blather.
We may have elected GWB twice - or we may not have - but we got the Bush-Cheney Regime nonetheless and now we are poised to get much worse.
Fiddler says his world isn't burning, maybe mine is. What he fails to recognize here, and what all the free marketers overlook, is the simple fact that it is OUR WORLD. We all live here and we all need to be concerned about how we care for our home. We need to place the well-being of our home above profits and personal ideology. We need to care about making our home as safe and sane, as compassionate and purposeful and as prosperous and kind as we can manage.
The "us vs. them" mentality and diviseness perpetuated by the 1% is deliberate. They want us blaming each other instead looking at the real problem, them.
The ultra wealthy strive to deprive their fellow citizens of unemployment benefits they were legally required to pay into. They refer to the mandated savings accounts we all have in Social Security as entitlements. That's like calling their cash stockpile an entitlement. It is. They are entitled to their own money just as all of us are. Why do they want to stop us from collecting our own funds?
This goes on and on.
If you lost a $65,000/yr. job, do you think it went to an illegal immigrant? Nope. The "job creators" took your job to create one in Asia for 15% of what they were paying you.
Classe may have held out as long as they could before surrendering to the reality that we would find another alternative rather than pay what it costs to make the stuff in Canada. So it was China or Chapter 11.
OOPS!! Does Canada have Chapter 11?