303820

Friedman: The U.S. Needs to Stimulate Innovation and Invention

Cameroni: I don't have a problem with innovations and inventions...I don't have a problem with trade.
I have a problem with free trade...its a free pass for corporate America to take away American's jobs...manufacture their products in countries for which wages we can not compete with and expect those who's jobs have been taken away to buy those products...we need fair trade not free trade!

Boeing was selling aircrafts to other countries before the trade agreements...however now they them selfs import from cheap labor a lot of what they put in their aircrafts.

Pharmaceuticals? we have the best... if the world wants them they'll buy them. BTW the pharmaceutical industry is also using slave labor countries the likes of China and Puerto Rico to manufacture a lot of our medicines.

We have huge trade deficits with every country we trade with...in my book "DEFICIT" means we're losing!!!



On Jul 01 12:17 AM cameroni wrote:

> Hello 303820,
>
> Lordarley was pretty much on the mark with his comments.
>
> Admittedly I am an Adam Smith adherant. His ideas tend to have more
> resonance at just such a time as we are going through now. When we
> start to look at the underpinnings of economic functions, why it
> works and how we can prosper using the basic mechanics of trade then
> Adam Smith's old fashioned ideas start to look brilliant.
>
> But what I want to address is your idea that others cannot afford
> our products. I will list several examples and hopefully you will
> change your view of our technological advantage and see why our prosperity
> lies in homegrown manufacturing, R&D, invention and new ideas.
>
>
> Let's talk aviation first. Boeing, one of our flagship corporations
> sells aircraft into almost every country on earth. The people individually
> may not be be able to afford these aircraft but the National Carriers
> that fly these craft can.
>
> How about Pharmaceuticals, medications and vitamin supplements that
> treat everything from the common cold to AIDS and Cancer. Again these
> are sold around the world. How about software. Windows is just one
> single example. It is global too.
>
> The list is almost endless. From packaging to the sattelite mapping
> of the earths surface for resource discovery to nano-technology and
> back to good old basics like GPS seeding equipment on farms.
>
> The whole world is buying our products now and we will keep our competitive
> edge by building on our existing base of good companies. We will
> grow faster by importing knowledge and ideas where we can find them.
>
>
> We make a lot of the "stuff" that the world uses every single day.
>

Friedman: The U.S. Needs to Stimulate Innovation and Invention

Mr.lordarley: What can we make that Mexican can buy with$1.90hr paycheck? what can we make that the Chinese can buy with their $.33hr pay check? what can we make that the Koreans can buy? and the rest of the slave labor country...those people CAN NOT AFFORD THE PRODUCTS THEY MAKE.
Canadians can afford our products...how ever...even there our products become some what uncompetitive because of their nationalized health care.
Stop questioning our ability to make quality products...stop blaming the unions...stop blaming the working stiffs of this country.


On Jun 30 08:07 AM lorddarley wrote:

> Why is history a dusty pastime that we never learn from? I don't
> think there has been an economist since Adam Smith who really understood
> what makes a country prosperous, and what improves the lot of the
> great mass of its citizens. From his Wealth of Nations (coincidentally
> 1776):
>
> 1. Make something that people in other countries want to buy (i.e.
> nurture exports).
>
> 2. concentrate on making and selling high value products.
>
> 3. import the raw materials and produce from other countries made
> by cheaper labor.
>
> 4. don't be embarrassed by success.
>
> Smith knew that not everyone becomes "middle class" overnight, and
> it didn't trouble him. He recognized that there are divsions of labor.
>
>
> We have deluded ourselves in the US into thinking that Adam Smith
> is wrong headed, and that running a positive balance of trade, or
> recognizing that divisions of labor are natural, is sinful.
>
> Smith's economic principles are unavoidably correct. I wouldn't be
> surprised if there is a dog-eared copy or two in Peking.

Friedman: The U.S. Needs to Stimulate Innovation and Invention

The decision to move jobs to slave labor countries was and is made by corporate america...I've never heard of an American company asking its consumers,f a choice of a JOB or a CHEAP product...most of the big thicket item that we import from cheap labor countries do nothing for the consumers...they just fatten-up the wallets of walls street profiteers... the cost to build a $15,000 car in Korea is less then $1,500..it still cost the American consumer $15,000....A $200 three peace suit cost $9 to make in China, it cost the American consumer $200...a $100 pair of Nike shoes cost under $5 to make in China ...it cost the American consumers $100...We import 1.5 million tons of steel pipes a year from China..to compete with the manufacturing of those pipes in this country we would have to work for free...The steel industry in this country moved operations to Brazil, China, Poland and Mexico and blamed the unions for the jobs we lost...WE CAN'T COMPETE WITH THOSE COUNTRIES... EVEN IF WE WORK FOR FREE!
"WE THE PEOPLE" DON'T HAVE A CHOICE WHEN WE'RE FORCED TO COMPETE WITH THE UN-COMPETEBLE!


On Jun 29 03:57 PM SouthernCEO wrote:

> 303820- You can't blame businesses for moving jobs to China. We,
> the American public, made this decision. We wanted cheaper products
> and business gave us what we asked for. Wal-Mart is number one because
> we the people shop there. Wal-Mart had to pull out of Germany. The
> prices were less but the Germans didn't shop there so they had to
> close up. I buy American when I can but as long as the consumer doesn't
> care jobs will still be moving over seas. With that said we still
> have to compete. I will pay more for a better product but I will
> not buy inferior stuff just because it is made in America.

Friedman: The U.S. Needs to Stimulate Innovation and Invention

SORRY...THE REPLY WAS FOR ...FRO3!!!


On Jun 29 03:44 PM 303820 wrote:

> "WE THE PEOPLE" NEED TO BUY AMERICAN WHERE AMERICAN IS AVAILEBLE!!!!
>

Friedman: The U.S. Needs to Stimulate Innovation and Invention

"WE THE PEOPLE" NEED TO BUY AMERICAN WHERE AMERICAN IS AVAILEBLE!!!!


On Jun 29 03:31 PM SouthernCEO wrote:

> Moose- The oil thing is not as easy as you might think. As a fuel
> it can be replaced but most of our plastics, synthetic materials,
> and lots of chemicals are oil based products. In fact, many of them
> are by products of fuel refining and would not be economically fisable
> if it weren't for the fuel refining part of the business. I totally
> agree that we need to look past oil and all fossil fuels but at this
> point in time it's just not possible. Look at a wind powered plant.
> The blades are a carbon based material, it is painted with a carbon
> based material, and it is internally lubricated with a carbon based
> material, the insulation on the wiring is also a carbon based product
> all derived from oil. If you make these products by themselves without
> the refining part of the process the costs will be astromomical and
> the largest part would now be hazardous waste. What happens to all
> of our heavy equipment? Trucks, tractors, locomotives, etc can't
> run on batteries. If we reduce refining down to a point where this
> fuel becomes a specialty chemical it would destroy the economy as
> we know it. It guess the bottom line is that we need to use what
> we have until the technology is in place to make a rational change.
> Forcing change just for the sake of change just won't work. Look
> at Spain. Since they went full tilt for the green thing they have
> lost over 100K jobs, the price of electricity has risen out of control
> and their CO2 production is 50% higher today than in 2001. I applaud
> their ideas but the technology isn't available yet and all they have
> done is spend money that, had they waited, could have really made
> a difference.

Friedman: The U.S. Needs to Stimulate Innovation and Invention

My friend...the Obama policies are not working because our jobs are still bleeding out of this country...because our dollars are still going in the pockets of foreign companies...the ripple effect is not yet complete..it is going to get worse a lot worse, unless we stop the bleeding.


On Jun 29 03:17 PM fro3 wrote:

>
>
> We need to stop the corruption by Goldman, bank of Amerika, and Jp
> Morgan. Stop the Geithner and bernanke. .
>
> Go to: www.bit.ly/12NCJR and read the full Rolling Stone [Taibbi]
> The Great American Bubble Machine article.
>
> Obamma,s policies may not be working as well as many had hoped:<br/>
>
> 1st 100 days - There are 2.9 million more people unemployed in May
> than there were unemployed in January. The unemployment rate went
> from 7.6% to 9.4%. Since May 2008, we have lost 5.5 million jobs.
> The biggest losers were: Manufacturing 1.5 million lost Finance &amp;
> Prof Serv 1.5 million lost Construction 1.1 million lost Retail &amp;
> Leisure 1.3 million lost
>
> good articles www.bit.ly/12NCJR recommended reading
>
> Why isnt the stock market falling when the economy is sinking? Why
> cant we get change in Washington that we really need? Why vote?

Friedman: The U.S. Needs to Stimulate Innovation and Invention

"We need to do all we can now to get more brains connected to more capital to spawn more new companies faster. As Jeff Immelt, the chief of General Electric (GE), put it in a speech on Friday, this moment is "an opportunity to turn financial adversity into national advantage, to launch innovations of lasting value to our country.”

WE NEED THE CREATION OF MORE AMERICAN COMPANIES WITH AMERICAN TAX DOLLARS...AND AFTER THEIR CREATION, CORPORATE FAT CATS CAN TAKE THE PRODUCTS WE'VE CREATED AND PRODUCE THEM WITH SLAVE LABOR, IN COUNTRIES THE LIKES OF CHINA.

OF COURSE TO SAFE A PROVEN COMPANY (GM)WHO HAS BEEN PUTTING BILLIONS OF TAX DOLLARS IN OUR LOCAL AND STATE ECONOMIES AND CREATED MILLIONS OF JOBS...THATS A WASTE OF MONEY.

IF ANY ONE WONDERS WHY WE'RE IN THIS MESS? WONDER NO MORE!!!