Chrysler to build their small cars in China

[q2bruiser]

Many people don't really understand why so much of our manufacturing has moved to China. Yes, it is mostly due to lower labor costs, but the primary reason is China is keeping the American government afloat.

As America is floating 2-3 billion a day in debt to fund the wars we are waging, some country/entity has to buy that debt. Guess who? Yep, China. The Chinese government is the largest buyer of American debt.

Want to stop sending jobs away? Get a balanced budget and payoff our national debts. Individuals have to do it. Why doesn't our government?

JKH

 

[moribundman]

Very true that.

In any case, if it comes to buying sows' ears, I'd rather buy local sows' ears than foreign sows' ears. Of course, foreign sows' ears may all be that's available.

 

[Jett Rink]

q2bruiser: yes, we must float something on the order of $2,000,000 to $3,000,000 in U.S. government treasury bonds every day to fund the U.S. government. It is mainly central banks in the far east. That is China, and also some others like Japan and Korea.

They are getting us used to the idea that we can just count on that. What happens when the day comes when they choose (for whatever reason) to just sit out a bond auction? People would howl about the results (higher interest rates and a weaker dollar).

This is the sort of economic news that 99% of the public will say they never heard about when the you know what hits the fan. When in fact, it is common knowledge in the financial sector.

Truly, we get the government we deserve.

 

[q2bruiser]

Very true Jett.

Unfortunately, many American people are distracted by the cares of this world and whatever the TV tells them to buy/sell/wear/eat/think/etc. And you are correct, one day it is very possible we wake up and millions are screaming:

How did this happen?

James

 

[Propflux01]

Quote:

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.....As someone else already said, our market will support reasonably high prices on vehicles if they are well-built, high-quality machines, and they are a perceived *value*. ....... Instead of trying to compete with Hyundai/Kia, they need to focus on competing with Toyota and Honda.
.....the vast majority of Americans behave differently as "Consumers" versus "Citizens". It's "rah, rah, go USA" when they hear about outsourcing, job losses, layoffs, moving mfg to China, etc. But when they can save $4.00 on a set of wrenches, guess which ones they buy?

People just don't think.

---

The first statement is very true.. but the second statement cotradicts the first. Hyundai/Kia IS the ones American companies should compete with. own a Sonata, and frankly, it is the best car I have owned so far. And if Hyundai/Kia can build a high quality, 'value' car, (before someone comes along and bashes them, remember where they currently stand in automotive manufacturing)using American labor, and at the same time underscore ost American-made vehicles in quality and value, perhaps those Overpaid overperked execs should take notice. Toyota and Honda are already becoming bloated just as GM and Ford has become (don't believe me? just do a thread search here on customer service with these brands)and soon will be in the same boat.
As for the 3rd paragraph, you are 101% correct, and if American Manufacturers were smart,they would key in on this and use it to thier advantage...Just as Hyundai/Kia are now...

 

[NJC]

Quote:

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As America is floating 2-3 billion a day in debt to fund the wars we are waging, some country/entity has to buy that debt. Guess who? Yep, China. The Chinese government is the largest buyer of American debt.

---

According to the US Treasury, Japan is #1 US debt holding of $644b, with China #2 @ 340b.
http://www.ustreas.gov/tic/mfh.txt

Coming in at #4 and #6, respectively, is the "Oil Exporters" and Caribbean Banking Centers:

Quote:

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3/ Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar,
Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria.
4/ Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama.

---

 

[Ugly3]

Quote:

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q2bruiser: yes, we must float something on the order of $2,000,000 to $3,000,000 in U.S. government treasury bonds every day to fund the U.S. government. It is mainly central banks in the far east. That is China, and also some others like Japan and Korea.

They are getting us used to the idea that we can just count on that. What happens when the day comes when they choose (for whatever reason) to just sit out a bond auction? People would howl about the results (higher interest rates and a weaker dollar).

This is the sort of economic news that 99% of the public will say they never heard about when the you know what hits the fan. When in fact, it is common knowledge in the financial sector.

Truly, we get the government we deserve.

---

You got it just about right!

 

[obbop]

Pondering the future..........

Looking back into the not-too-distant past.......

Extrapolate.

Hmmmmmmmmmmm.......

America's manufacturing might assisted in defeating some nogoodniks during the 1940s. Debated by historians as to what extent USA manufacturing contributed to eventual win but agreement as to general importance of ability to spew out enormous amounts of materiel to supply millions of American fighters.

Now....into the future. World War Three. Fear keeps nukes out of the equation, just as fear kept poison gas off European battlefields and Pacific islands during WW 2.

Enormous armies marching across the land. USA enters the fray. But, suppose those we fight are the ones we import materiel from? Our own manufacturing capacity is not enough to feed the massive forces of WW 2 type.

Pondering the possibility that our loss of manufacturing ability/capability could lead to the required use of nukes to fend off defeat.

Stopping here since number of scenarios are multitudinous.

What a price we as a people/country/society may pay for the actions/inactions taken today by politicos and industry heads.

Unsure whether Spanish or Chinese will be the preferred language future Americaners should be proficient in so as to be able to succeed in the "new" America.

/ponder mode off

 

[Drew]

There is an upside to this. Now Chrysler can blame China manufacturing for its poor quality products.

 

[BUBBA0420]

Post deleted by Arkapigdiesel

 

[occupant]

I'll just keep buying used cars off people who went broke trying to keep up with the Joneses. There has to be a profit in that somewhere.