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To: stan_hughes who wrote (364079)3/31/2008 1:37:01 PM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
>>corporations try to level the playing field<<
Corporate greed knows no bounds. Any efficiency they gain which produces $$ (outsourcing just one example) they keep for the executives, returning very little to employees in wages/benefits or to shareholders via dividends. To the extent they show they're employing Americans, paying decent wages/benefits, not overcompensating their executives, and rewarding shareholders they get progressive tax breaks. To the extent they fail to demonstrate these requirements they get progressive tax rates. And sure, raise tariffs to protect Americans. If someone wants to buy a foreign product that's 3x as good and cost 5x more than the same item made in America, let them. Admittedly I've used a broad brush here ;-)



To: stan_hughes who wrote (364079)3/31/2008 1:58:21 PM
From: Giordano Bruno  Respond to of 436258
 
Merrill Lynch chief economist David Rosenberg sighed last week about this recession, “Like parents taking their kids on a RV trip from L.A. to Boston, we are fielding the same question, oh, about every half hour or so from clients, both internal and external, as to ‘are we there yet?’ Where? The bottom, of course. And the answer is the same every time — we haven’t even made it to Kansas yet, Toto.”