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Interesting the amount of response to Z post. As a manufacturer of products
for industry, we are painfully aware of the problems we face. We can handle the
marketplace and competition. We have no defense against Congress.
We watched the US Congress pass a $ 132 billion " tax relief " bill this
month that included assistance to Home Depot for the purposes of importing
Chinese ceiling fans duty and tax free. The reason given was to be "
competitive". What?
In reality, the 132 billion represented the added cost of this years
nationwide election process. The " lobbyists" nightmare in the individual States
and Washington have brought the political process to absolute moral
bankruptcy. Anything is for sale at a price. In Texas, Enron
execs are being jailed for what they learned from watching Congress..
funny, they didn't see anything wrong with their tactics, after all, Congress,
the banks and wall street do it legally.
Congress has permitted the nations base economic machine to be
destroyed by accepting money from anybody with cash. This is economic
suicide.
We listened to the arguments for " fair trade" and the wonderful world of
Oz it promises where the nation's wholesalers import product at $ 1,00
per unit and market it for $ 6.00 . The US manufacturer can compete at the $
6.00 retail level price but not with tax advantages being passed out to
importers for contributions to political campaigns of US elected
officials.
The Wizard has us believing we are paying "lower" prices because the
products are imported.. but have you noticed the price go down ? Not really ,
they went down some years ago sufficent to destroy the US
manufacturer and now they are up. WalMart led the trend.
Meanwhile, the US Congress spends $ 500 billion more than it takes in in
taxes and the nation imports $ 500 billion more in goods than it exports. The
dollar has lost 50% of its value in four years on the world market as
demonstrated by the price of gold, the ultimate equalizer. We have an enemy in
our camp and its us.
Richard
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