Allen Williams said:
..................................................America deserves to have the jobs back in America and not in third world countries. If these American companies can’t compete in the global economy without manufacturing their American products overseas, then they should not be able to hold themselves out as American companies at all…and that includes Walmart!
Allen,
To do that you would have to roll back all kinds of legislation which would then require companies to adhere to a certain code of conduct. Fat chance of that as long as the fat cats in industry have the fat cats in all the different legislatures in their pockets (that’s called lobbying!).
Besides most of those “American” companies are really multinationals, which for as long as I can remember meant shifting your headquarters to whichever jurisdiction offers the best advantages and all the others are subsidiaries which are subject to any kind of manipulation the host country lets them get away with, from selling high and buying low inside the conglomerate to shifting dividends and whatever else needs shifting at the most opportune time at the most advantageous rate possible. Whenever possible and if necessary to a jurisdiction that has very lenient tax laws with the maximum write-offs prior to minimal if any taxes falling due.
BTW if you are so hot to trot on the “Buy American”, I hope all of your nestegg is invested in companies that you have vetted to adhere to those rigorous standards. Takes a lot of work, those guys are hard to find! And you won’t be caught dead with goods that are not “Made in USA”, right!?! Sure limits the selection in every conceivable aspect of life!
