[enron_by_the_sea]

Agreed. For this money, they can buy many 1st/2nd rate chip companies with decent prospects but they had to blow it on this. What losers!!!

[enron_by_the_sea]

Agreed. For this money, they can buy many 1st/2nd rate chip companies with decent prospects but they had to blow it on this. What losers!!!

[enron_by_the_sea]

Agreed. For this money, they can buy many 1st/2nd rate chip companies with decent prospects but they had to blow it on this. What losers!!!

[enron_by_the_sea]

flu, I agree wholeheartedly!

Yes, I am scratching my head today about what kind of thinking they went through on this one…

I’m long INTC (thought it was cheap), but if this is how they are running their business, their current valuation might be justified…

angry shareholder

[enron_by_the_sea]

flu, I agree wholeheartedly!

Yes, I am scratching my head today about what kind of thinking they went through on this one…

I’m long INTC (thought it was cheap), but if this is how they are running their business, their current valuation might be justified…

angry shareholder

[enron_by_the_sea]

flu, I agree wholeheartedly!

Yes, I am scratching my head today about what kind of thinking they went through on this one…

I’m long INTC (thought it was cheap), but if this is how they are running their business, their current valuation might be justified…

angry shareholder

[enron_by_the_sea]

flu, I agree wholeheartedly!

Yes, I am scratching my head today about what kind of thinking they went through on this one…

I’m long INTC (thought it was cheap), but if this is how they are running their business, their current valuation might be justified…

angry shareholder

[enron_by_the_sea]

flu, I agree wholeheartedly!

Yes, I am scratching my head today about what kind of thinking they went through on this one…

I’m long INTC (thought it was cheap), but if this is how they are running their business, their current valuation might be justified…

angry shareholder

[enron_by_the_sea]

[quote=CA renter][quote=enron_by_the_sea]

No, I don’t mind the least bit if we stopped importing inferior goods from countries where a lack of environmental protection standards and an abundance of cheap (slave) labor are exploited.

The only things we should be importing are things that we cannot reasonably produce here, IMHO.[/quote]

Maybe you are forgetting that while we import a lot of things (and crap) we also export a lot of things. There are a lot of people in this country who make their living working in places that export goods: Things like computers, software, microchips, aircraft, cellphones, agriculture, oil & gas technology, movies, media, telecomm equipment, branded consumer goods, high-end machninary, drugs, medical devices and things like that.

Maybe you think that any pain to them is trivial or you think that other countries will import their stuff anyway. Or you are proposing that they stop doing that and start making overpriced toys in a unionized shop (because that is all that we will hope be able to do, once great depression II sets in, after this trade war begins)

[enron_by_the_sea]

[quote=CA renter][quote=enron_by_the_sea]

No, I don’t mind the least bit if we stopped importing inferior goods from countries where a lack of environmental protection standards and an abundance of cheap (slave) labor are exploited.

The only things we should be importing are things that we cannot reasonably produce here, IMHO.[/quote]

Maybe you are forgetting that while we import a lot of things (and crap) we also export a lot of things. There are a lot of people in this country who make their living working in places that export goods: Things like computers, software, microchips, aircraft, cellphones, agriculture, oil & gas technology, movies, media, telecomm equipment, branded consumer goods, high-end machninary, drugs, medical devices and things like that.

Maybe you think that any pain to them is trivial or you think that other countries will import their stuff anyway. Or you are proposing that they stop doing that and start making overpriced toys in a unionized shop (because that is all that we will hope be able to do, once great depression II sets in, after this trade war begins)

[enron_by_the_sea]

[quote=CA renter][quote=enron_by_the_sea]

No, I don’t mind the least bit if we stopped importing inferior goods from countries where a lack of environmental protection standards and an abundance of cheap (slave) labor are exploited.

The only things we should be importing are things that we cannot reasonably produce here, IMHO.[/quote]

Maybe you are forgetting that while we import a lot of things (and crap) we also export a lot of things. There are a lot of people in this country who make their living working in places that export goods: Things like computers, software, microchips, aircraft, cellphones, agriculture, oil & gas technology, movies, media, telecomm equipment, branded consumer goods, high-end machninary, drugs, medical devices and things like that.

Maybe you think that any pain to them is trivial or you think that other countries will import their stuff anyway. Or you are proposing that they stop doing that and start making overpriced toys in a unionized shop (because that is all that we will hope be able to do, once great depression II sets in, after this trade war begins)

[enron_by_the_sea]

[quote=CA renter][quote=enron_by_the_sea]

No, I don’t mind the least bit if we stopped importing inferior goods from countries where a lack of environmental protection standards and an abundance of cheap (slave) labor are exploited.

The only things we should be importing are things that we cannot reasonably produce here, IMHO.[/quote]

Maybe you are forgetting that while we import a lot of things (and crap) we also export a lot of things. There are a lot of people in this country who make their living working in places that export goods: Things like computers, software, microchips, aircraft, cellphones, agriculture, oil & gas technology, movies, media, telecomm equipment, branded consumer goods, high-end machninary, drugs, medical devices and things like that.

Maybe you think that any pain to them is trivial or you think that other countries will import their stuff anyway. Or you are proposing that they stop doing that and start making overpriced toys in a unionized shop (because that is all that we will hope be able to do, once great depression II sets in, after this trade war begins)

[enron_by_the_sea]

[quote=CA renter][quote=enron_by_the_sea]

No, I don’t mind the least bit if we stopped importing inferior goods from countries where a lack of environmental protection standards and an abundance of cheap (slave) labor are exploited.

The only things we should be importing are things that we cannot reasonably produce here, IMHO.[/quote]

Maybe you are forgetting that while we import a lot of things (and crap) we also export a lot of things. There are a lot of people in this country who make their living working in places that export goods: Things like computers, software, microchips, aircraft, cellphones, agriculture, oil & gas technology, movies, media, telecomm equipment, branded consumer goods, high-end machninary, drugs, medical devices and things like that.

Maybe you think that any pain to them is trivial or you think that other countries will import their stuff anyway. Or you are proposing that they stop doing that and start making overpriced toys in a unionized shop (because that is all that we will hope be able to do, once great depression II sets in, after this trade war begins)

[enron_by_the_sea]

[quote=CA renter]
We need to enact tariffs to offset the profit margins gained by exploiting cheap labor around the world. Otherwise, it is a race to the bottom, which should be clear to everyone by now (but for some reason, too many people refuse to see it!).[/quote]

Wow! Some historical perspective is in order.
http://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

Smoot–Hawley Tariff Act

“The main goal was to protect American jobs and farmers from foreign competition, especially after the global economy entered the first stages of the Great Depression in late 1929. ”

—snip—

” Threats of retaliation began long before the bill was enacted into law in June 1930. As it passed the House of Representatives in May 1929, boycotts broke out and foreign governments moved to increase rates against American products, even though rates could be increased or decreased by the Senate or by the conference committee. By September 1929, Hoover’s administration had received protest notes from 23 trading partners, but threats of retaliatory actions were ignored.”

“In May 1930, the greatest trading partner, Canada, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of U.S. exports to Canada. Canada later also forged closer economic links with the British Commonwealth. France and Britain protested and developed new trade partners. Germany developed a system of autarky.”

“Both Reed Smoot and Willis Hawley were defeated for reelection in 1932, the controversial tariff being a major factor in their respective losses.”

Do we need to risk this again? Surely there are easier ways to fix our problems than that….

[enron_by_the_sea]

[quote=CA renter]
We need to enact tariffs to offset the profit margins gained by exploiting cheap labor around the world. Otherwise, it is a race to the bottom, which should be clear to everyone by now (but for some reason, too many people refuse to see it!).[/quote]

Wow! Some historical perspective is in order.
http://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

Smoot–Hawley Tariff Act

“The main goal was to protect American jobs and farmers from foreign competition, especially after the global economy entered the first stages of the Great Depression in late 1929. ”

—snip—

” Threats of retaliation began long before the bill was enacted into law in June 1930. As it passed the House of Representatives in May 1929, boycotts broke out and foreign governments moved to increase rates against American products, even though rates could be increased or decreased by the Senate or by the conference committee. By September 1929, Hoover’s administration had received protest notes from 23 trading partners, but threats of retaliatory actions were ignored.”

“In May 1930, the greatest trading partner, Canada, retaliated by imposing new tariffs on 16 products that accounted altogether for around 30% of U.S. exports to Canada. Canada later also forged closer economic links with the British Commonwealth. France and Britain protested and developed new trade partners. Germany developed a system of autarky.”

“Both Reed Smoot and Willis Hawley were defeated for reelection in 1932, the controversial tariff being a major factor in their respective losses.”

Do we need to risk this again? Surely there are easier ways to fix our problems than that….

[Author]

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