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To: putcallyall who wrote (3530)	4/28/2005 9:21:19 AM
From: Lee Lichterman III	Respond to of 3536

I have wrestled with trying to figure this out myself and so far, feel that it is a shades of grey where both sides are correct. US owned companies get some benefit via profits thus all foreign manufacturing if it is owned by US corporations is not bad and is good to some degree yet at the same time, the workers are not US thus wages are a benefit to the foreign soil and not US based. How to bean count it to get an actual number I am not sure. A lot would depend on where raw materials, tools used etc come from to decide who is benefiting how much. I guess you could use the old "value added" for each step but who do you trust to give you non-hedonically adjusted numbers? In the end, there is probably a ratio of benefit to each side for subsidiaries owned by US based corporate entities. It is isn't as bad as it seems yet it isn't as good as some try to spin it. Good Luck, Lee