Feb 19, 2009 1:38 PM GMT
It's a clause in the Stimulus Package. But in the long run is that a good idea?
NNJfitandbi saidIt's a good idea when Americans make a better product. I'm told that some American cars are actually great, and that part of the problem is just image at this point. Not a good idea to buy American if American product is inferior, though.
BioMatty saidWell, I'll be honest - I'm not all that up on my global economics, so I'll pretty much be staying out of this fray.
At the end of the day we're all concerned about our own countries, and my concern over 'buy american' stems from my own selfish interest in MY country.
The USA has shafted Canadian industry HARD in the past irrespective of NAFTA regulations and my concern is that they will do it again, fucking our economy in an attempt to bolster their own. *shrugs*
Buy American all you want, but uh...keep your problems within your own boarders.
Cowboiway saidThe "Buy American" clause was simply to put American tax dollar to work buying American products first.
Caslon9000 saidCowboiway saidThe "Buy American" clause was simply to put American tax dollar to work buying American products first.
That sounds good on the surface, but what about when other countries do the same. "You aint gonna buy ours, we wont buy yours."
I can only approve such a stipulation if another country is subsidizing their industry so that the competition isnt fair. Like China subsidizes its steel. So I could see banning spending stimulus dollars for chinese steel.
jmanorlando saidIt is a great idea to Buy American but I live by Buy the Best for the value.
Recently there was an article in the Wall Street Journal showing to cars a Toyota and a Chrysler and it said which is more American?
80% percent of the parts and labor of the Toyota were American
While 66% of the parts and labor of the Chrysler were American.
The fact is that American companies need to find ways to build superior, not equal but superior products than the competition. Several companies do this and the are world leaders. Caterpillar, Cummins, Boeing continue to lead in their fields, so to must GM and Ford if they want to make it.
If an American company build the best product I will buy it, but I want a car to last a decade with just a few repairs. I have a 13 year old Nissan and will now consider Ford, Nissan and Toyota when I purchase my next car later this year.
I just Buy the Best.
NNJfitandbi saidI tend to agree with NNJ. I don't think the rest of the world is as open to American products as America is to theirs. Spending our own tax dollars to create jobs in America, even if our products are more expensive, is a good idea. One thing we have to accept is the US cannot afford to do everything, including bailing out all of the other economies of the world. I'm not in favor of protectionism, but for a while I don't see anything wrong with "buy American."BioMatty saidSoo....after pushing so hard for years for globalization, after allowing so much of its industry to outsource to other continents to cut costs by exploiting cheap foreign labour...all of a sudden its ok to screw over your biggest trading partners because your economy tanked and took the global markets with it?
hrm. Yeah, that doesn't sound short-sighted at all. Nope, perfectly sane and logical that is. Fuck the rest of the world - buy American.
Well, the rest of the world has been incredibly protectionist. America is seen as a huge market, which it is, but our products are not welcome. I see no problem in the government expressing a preference in times of trouble. Europe, China, Japan do it in times of prosperity.
And we just consume their shit and get further into debt, driving their prosperity.
Case in point: the pharmaceutical industry. America subsidizes free healthcare abroad because foreign corporations charge whatever they want here to make up for the stingy reimbursements offered by the governments of Europe. These same corporations spend billions lobbying against universal healthcare in the US. (Not to mention the difference in compensation and benefits paid to European and American employees of the same company.)
Trading partners? Ahem. . .
The US is the world's market. Unfortunately, we won't be consuming as much. Blaming the current economic crisis on the US is only justifiable if we also credit the US for much of the world's prosperity.
kirk45 saidCOLORED TEXT GOES HERE U.S.A. all the way for me. I beieve in supporying our county 1st. Im also Union. kirk.