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Right.
When's the last time you hung out in Detroit?
Oh please...
The only reason that the economy doubles (in dollars) is because the dollars are worth half as much. Those benefits Social Security and Medicare will owe will double as well...
I bought my first house in 1978 when I was 23. It was a brand new brick veneer house, 2800 sq feet 4 bedroom house on a big fenced lot.
I just looked at a new crew cab F250 last week that cost more than that house.
THATS your damn multiplier.We aren't talking about the same dollar purchasing power.
Right.
When's the last time you hung out in Detroit?
Uhhh...Detroit is the dead model. Why do you thing Cat just built their big new engine plant in Seguin, Texas?
Inflation.
A "fun" site (if you can figure out how to use it): http://www.westegg.com/inflation/
Honestly? Low taxes and s.
And Detroit is only the dead model because Detroit execs were too stupid to stick with the formula that built their town: good products at fair prices. You really think Toyota has a more daring or new-fangled business plan than Hank Ford?
Henry Ford had the socialistic idea that his employees would buy Ford cars only if he paid really good wages. In spite of that, Ford seemed to make a pretty good capitalistic fortune anyway.
Seems like paying good wages raised everybody's boat, including Ford's. No trickle down lies from Ford.
The wages weren't good as much as the cars were cheap. Precisely why unionization (which is much more socialistic than Ford ever dreamed of being) was required in the first place.
Bear in mind that Ford was a virulent racist, so having social concern for the blacks that worked his factories seems... charitable.
Oh please... s? I think not...
And Toyota kicked Detroit's ass because they reinvested like 10% of gross revenue in R&D.
"wages weren't good"
I've read more than one account that said he famously paid better than any mfging job around.
Making an engine more efficient than a 78 Skylark or a vehicle more durable than the 84 Celebrity doesn't require 10% of gross revenue (4-cylinders have been around longer than Cadillacs).
Moreover, being so short-sighted as to lose market share worth well beyond 10% of gross revenue makes an argument for either the colossal inep ude of Detroit execs, or their choice to do what was most immediately profitable for themselves and their stockholders with no thought or obligation to the growth and well-being of their brands.
How long did we hear the statement that "Americans want powerful cars," while we saw larger and larger numbers of drivers in cheap, indestructible foreign makes during the leaner Carter years? We're still hearing that horse !
Anyway, this is all beside your point, I think. You must have some insight as to why CAT is setting up shop in Seguin... expand on that, then.
Boutons rage is funny in this thread. Predictable, but funny.
johnsmith's stalking of boutons is predictable, but funny, and always content free.
You and Dan should get together and start a club for people suffering from dillusion.
You guys are ing hilarious.
johnsmith's stalking of boutons is predictable, but funny, and always content free.
bouton's third person references are predictable, but funny, and always content fee.
VRWC UCA Un able
that's copyright enfringement, do you have any original material, un able ?
vrwc!!!!!!
Comparing GDPs to China and India. How low has the USA gotten
Simple, really.
1. Texas is a right-to-work state, the entire Rust Belt is not.
2. Southern states pay for companies to open shop there. Smart really.
Combine #1 with #2 and you have an overwhelming reason to open shop in the South. The only downer in the South is the workforce and their lack of basic manufacturing principles...
Which is why the auto companies import the talent from up North where they are needed to implement and train the local workforce.
My personal experience? Its working out great for the auto companies and Southern residents. But the ability to rapidly design, build and install new lines and equipment has been severely impeded. Thats why a lot of new lines are installed in Canada. Theyre Union, yes, but the companies dont pay for heath insurance. The workforce is up to speed with the advances and techniques required to compete and the lowliest line worker needs no instruction about how to perform and troubleshoot their area of expertise.
Is India's GDP Growth for Real?
http://www.huffingtonpost.com/devind...tml?view=print
Although China and India have more people.. We have more people if we count all of them by body mass.....
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