OT - Dow plunges 1,175 - worst point decline in history

[goonster]

Originally Posted by veloduffer

Japan's current economy may be the economic model of the future for developed countries

Mostly no, because immigration.

[echappist]

Originally Posted by 93svt96

This and support American companies, I don't need a Toyota.

why?

now, there are many American companies I support, but it's not because of where they chose to incorporate

it's not like b/c they are incorporated in the U.S. that it would result in them do right by their workers...

[veloduffer]

Originally Posted by goonster

Mostly no, because immigration.

While Japan has very limited immigration, immigration to the US isn't enough to offset the lower birthrate and aging demographic trends. And it is certainly not aided by the current immigration policies. The trajectory of the US deficit and debt is along the same path as Japan.

[93svt96]

Originally Posted by echappist

why?

now, there are many American companies I support, but it's not because of where they chose to incorporate

it's not like b/c they are incorporated in the U.S. that it would result in them do right by their workers...

I understand that it's very complicated but I try to make purchases that leave the most ( profits) here. We don't have the same pride in our country that our fathers had.

[FlashUNC]

Originally Posted by 93svt96

I understand that it's very complicated but I try to make purchases that leave the most ( profits) here. We don't have the same pride in our country that our fathers had.

So what's more American to buy, a Honda Accord assembled in Marysville, Ohio, or the Chevy Equinox made in Ingersoll, Ontario?

[93svt96]

Originally Posted by FlashUNC

So what's more American to buy, a Honda Accord assembled in Marysville, Ohio, or the Chevy Equinox made in Ingersoll, Ontario?

Assembled here does not mean as much as profits going to a foreign business.

[93svt96]

Support Ford and Chevy

[FlashUNC]

So is it incorrect to say your calculus is prioritizing supporting American-based capital over American-based labor?

[54ny77]

what if the multiplier effect of people working on foreign cars here in the states, which contributes to gdp, exceeds that of the profits sent back?

consider toyota has ~40k+ people working in the u.s. that payroll alone generates a lot of gdp, since every dollar is a multiplier of [x] in the economy. then take into consideration the corporate expense multiplier--utilities, taxes, services, supplies, materials, etc. for example, they didn't ship over foreign workers to build local facilities. and on and on and on....

the world is far more interconnected than folks realize. it's virtually impossible to be true to a domestic-only consumption model of manufactured goods other than in a feel good sentiment.

heck, my f-150 was supposedly only 80-85% "made in the u.s."

Originally Posted by 93svt96

Assembled here does not mean as much as profits going to a foreign business.

[oldpotatoe]

Originally Posted by 93svt96

This and support American companies, I don't need a Toyota.

True, the $ goes to Japan but that 'Toyota' was probably made in the US...'buy american', as the trade wars make everything MORE expensive for you and me..so you can 'buy american'..unfortunately, stagnant wage growth means you can't afford that new, more expensive 'widget..but Faux news can have something to crow about...

[93svt96]

Originally Posted by FlashUNC

So is it incorrect to say your calculus is prioritizing supporting American-based capital over American-based labor?

Like I said I know this is complex but I believe supporting American companies does the most good. Just my opinion.

[oldpotatoe]

Originally Posted by veloduffer

While Japan has very limited immigration, immigration to the US isn't enough to offset the lower birthrate and aging demographic trends. And it is certainly not aided by the current immigration policies. The trajectory of the US deficit and debt is along the same path as Japan.

'Booming economy' and $1TRILLION deficit this year?? ***ARGE, OVER??

[froze]

Originally Posted by 93svt96

This and support American companies, I don't need a Toyota.

The Toyota part is a ignorant response, but the first part there is some validity to it, but read on to see what I mean.

By not supporting Toyota you are also not supporting American workers or American investors or the positive impact that the buying a car such as a Toyota that is built in America has on the US economy. Read this for a much more detailed and educated response then I could give: https://www.edmunds.com/car-buying/f...-money-go.html So in regards to car buying your statement is typical conservative American ignorance, I'm not a liberal by the way.

Now the first part of your statement does have some truth in it AS LONG AS the company does not make the product that you are wanting to buy in the USA and as all the positives as some car manufactures have as described in the above paragraph. Like you, I look for a product that says made in America, if I can't find that because there are a lot of things we use everyday that are not made in the USA at all, then I try to find a product that has a USA backing to it, like a corporation where the headquarters will be in the US and is a US company. Once you need a product that has no US background to it, and you need the product well then you have to do what you have to do. I try to avoid buying stuff made in China if possible, but as you and I both know that's impossible.

You have to also be careful of US brands...huh? There are quiet a few vintage US brands still with the brands out on the market that have long since been sold to mostly Chinese companies who retained the US brand image but no longer have any connection to the US. Take the famous Zenith brand they sold to the LG company a long time ago but LG still uses the brand name.

This next part is just a side trail for you older people. Does anyone remember the brand called Goldstar? Do you remember the quality of the Goldstar products? Goldstar was a low end consumer electronics and small appliance, and later larger appliances, that was around for quite a few years out of S Korea. Their products weren't all that great but served a purpose for lower income Americans. Of course all you know what LG company is, the initials for LG in advertising by LG means Life is Good, but that's not what the initials really mean, they mean Lucky Goldstar...yes, Goldstar and LG are the same company, they renamed it a bit to take the stigma of cheap products off the brand, and what most people don't realize is that LG products are not as good as they appear, they still have quite a few issues with long term reliability, but Samsung is a lot worse despite what Consumer Reports says, all you have to do with is a search for class action lawsuits against Samsung. Having owned several Samsung products and knowing friends who do to, they are very problematic.

[unterhausen]

The only GM plant I get near on a regular basis is the Lordstown plant. They recently announced that they were moving that production out of the country. So if I buy the GM that they build there, the only Americans I am supporting are the management that I don't want to support. And the American car companies are moving away from building cars, because they haven't been good at it for a long, long time. I don't want to buy a truck. I used to buy American cars, paid my dues on that score. The most recent one was a GM minivan. Around here, minivans are used until they fall apart, but you never see that model any more. Apparently we got lucky that ours made it to 130000 miles, that was probably close to a record. It was very expensive to own.

[93svt96]

Originally Posted by froze

The Toyota part is a ignorant response, but the first part there is some validity to it, but read on to see what I mean.

By not supporting Toyota you are also not supporting American workers or American investors or the positive impact that the buying a car such as a Toyota that is built in America has on the US economy. Read this for a much more detailed and educated response then I could give: https://www.edmunds.com/car-buying/f...-money-go.html So in regards to car buying your statement is typical conservative American ignorance, I'm not a liberal by the way.

Now the first part of your statement does have some truth in it AS LONG AS the company does not make the product that you are wanting to buy in the USA and as all the positives as some car manufactures have as described in the above paragraph. Like you, I look for a product that says made in America, if I can't find that because there are a lot of things we use everyday that are not made in the USA at all, then I try to find a product that has a USA backing to it, like a corporation where the headquarters will be in the US and is a US company. Once you need a product that has no US background to it, and you need the product well then you have to do what you have to do. I try to avoid buying stuff made in China if possible, but as you and I both know that's impossible.

You have to also be careful of US brands...huh? There are quiet a few vintage US brands still with the brands out on the market that have long since been sold to mostly Chinese companies who retained the US brand image but no longer have any connection to the US. Take the famous Zenith brand they sold to the LG company a long time ago but LG still uses the brand name.

This next part is just a side trail for you older people. Does anyone remember the brand called Goldstar? Do you remember the quality of the Goldstar products? Goldstar was a low end consumer electronics and small appliance, and later larger appliances, that was around for quite a few years out of S Korea. Their products weren't all that great but served a purpose for lower income Americans. Of course all you know what LG company is, the initials for LG in advertising by LG means Life is Good, but that's not what the initials really mean, they mean Lucky Goldstar...yes, Goldstar and LG are the same company, they renamed it a bit to take the stigma of cheap products off the brand, and what most people don't realize is that LG products are not as good as they appear, they still have quite a few issues with long term reliability, but Samsung is a lot worse despite what Consumer Reports says, all you have to do with is a search for class action lawsuits against Samsung. Having owned several Samsung products and knowing friends who do to, they are very problematic.

I am sure Toyota is building here for their benefit not for the American worker .