The Chinese Don’t Issue Shares To “Enrich Foreigners” But To “Impoverish Foreigners.”

hvactec

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Jan 17, 2010
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11/05/2011
"China’s rise has been fueled since 2007 by a bubble in credit there. Faber was vague on when it would burst — now or in three years? — but it’s unsustainable. What’s more, foreigners should beware investing in China’s ongoing construction boom.

Dr. Faber pointed to virtually all U.S. canal and railroad companies going bust in the 19th century, ruining many a foreign investor but leaving North America with an enviable set of infrastructure. He said the Chinese don’t issue shares in companies to “enrich foreigners” but to “impoverish foreigners.” If a foreigner wants to make money in China, Faber said, they should go work there." - in WSJ Blog

read more Marc Faber Blog: The Chinese Don’t Issue Shares To “Enrich Foreigners” But To “Impoverish Foreigners.”
 
Republicans love the Chinese. USMB Right Wingers see China as the new business model. One even said China isn't a communist country because their leader is more like a "CEO".

Bob Hall, of Dollar to the Giant, pointed out a website called Smart Sourcing, which is a variant of outsourcing. They have a website promoting “China Manufacturing Solutions.” They also have a partnership with the U.S. Chamber to promote “Smart Sourcing” with Chinese companies. Here is the excerpt.
AMCHAM Grassroots Program
Smart Sourcing has partnered with the U.S. Chamber of Commerce (U.S. Chamber of Commerce | Fighting For Your Business) to sponsor the China Grassroots Program for 2008-2009. The program consists of a series of forums throughout North America promoting bilateral trade and business opportunities for small and medium size firms in the China market.

U.S. Chamber’s outsourcing partnership – Trade Reform

Smart Sourcing to China

Do a search on, "China Grassroots Program" and you can read all about it.

China's partner, the US Chamber of Commerce gives tens of millions of dollars to Republicans 9 to 1 over Democrats. They do that for a reason.

StarNewsOnline.com | View topic - No really, the sky IS falling!

Republicans, while blaming Obama for job losses, continue to block any legislation in Congress designed to create jobs or stop the corporate outsourcing and tax shelters. Republicans continue to benefit from the SCOTUS decision that allows unlimited anonymous corporate funding and has allowed them to partner with these, the big corporations in the world - and in conjunction with the Chamber of Commerce to literally buy the 2010 elections.

AND IT WORKED! GOOD JOB BROWNIE!
 
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Republicans love the Chinese. USMB Right Wingers see China as the new business model. One even said China isn't a communist country because their leader is more like a "CEO".

Bob Hall, of Dollar to the Giant, pointed out a website called Smart Sourcing, which is a variant of outsourcing. They have a website promoting “China Manufacturing Solutions.” They also have a partnership with the U.S. Chamber to promote “Smart Sourcing” with Chinese companies. Here is the excerpt.
AMCHAM Grassroots Program
Smart Sourcing has partnered with the U.S. Chamber of Commerce (U.S. Chamber of Commerce | Fighting For Your Business) to sponsor the China Grassroots Program for 2008-2009. The program consists of a series of forums throughout North America promoting bilateral trade and business opportunities for small and medium size firms in the China market.

U.S. Chamber’s outsourcing partnership – Trade Reform

Smart Sourcing to China

Do a search on, "China Grassroots Program" and you can read all about it.

China's partner, the US Chamber of Commerce gives tens of millions of dollars to Republicans 9 to 1 over Democrats. They do that for a reason.

StarNewsOnline.com | View topic - No really, the sky IS falling!

Republicans, while blaming Obama for job losses, continue to block any legislation in Congress designed to create jobs or stop the corporate outsourcing and tax shelters. Republicans continue to benefit from the SCOTUS decision that allows unlimited anonymous corporate funding and has allowed them to partner with these, the big corporations in the world - and in conjunction with the Chamber of Commerce to literally buy the 2010 elections.

AND IT WORKED! GOOD JOB BROWNIE!

Republicans call these kinds of posts I make "lies" and "stupid". Notice the links? There is so much evidence it can't be denied. If you're sane that is.
 
Granny says make dem rich folks dat own the companies dat's outsourcin' jobs pay more taxes...
:eusa_eh:
U.S. losing high-tech manufacturing jobs to Asia
17 Jan.`12 - The United States lost more than a quarter of its high-tech manufacturing jobs during the past decade as U.S.-based multinational companies placed a growing percentage of their research-and-development operations overseas, the National Science Board reported Tuesday.
The rapid expansion of science and engineering capabilities in China and its neighbors pose a more formidable economic challenge to the United States, according to the group, with Asia rapidly boosting the number of engineering doctorates it produces and research dollars it spends. The report comes as the Obama administration is seeking to make U.S. manufacturing more competitive through engineering and innovation. In June, it announced its Advanced Manufacturing Partnership and sank $500 million into the effort.

But as the National Science Board publication shows, vast government efforts in Asia are working along similar lines. It offered abundant evidence Asia’s efforts to attract and develop engineering outfits, and not just low-wage factories, have paid off. Since 2000:

•Research-and-development expenditures in China and nine other Asian countries have risen to match that of the United States.

• The number of doctoral degrees in engineering awarded in China has more than doubled, and now far exceeds the number awarded in the United States.

• The number of research workers for U.S.-based multinationals working overseas has more than doubled.

“Over time, global science and technology capabilities have grown, nowhere more so than Asia,” according to the report. “In most broad aspects of science and technology activities, the United States continues to maintain a position of leadership. But it has experienced a gradual erosion of its position in many specific areas.” The report also highlights the broader loss of related U.S. jobs.

MORE
 
Granny says make `em pay the employment taxes anyway - dat'll put a stop to it...
:clap2:
Time to stop rewarding firms that ship jobs abroad: Obama
Jan 25, 2012, WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama announced a series of measures that would offer incentives to those firms which will create jobs in the country, a move that may also affect companies in India.
"If you're a business that wants to outsource jobs, you shouldn't get a tax deduction for doing it," Obama said in his State of the Union Address during which he presented an economic blueprint aiming to take his country away from outsourcing, bad debt and phony financial profits. Many of his proposals centered on changes to the tax code, including limiting deductions for companies that move jobs overseas, rewarding companies that return jobs to the United States and increasing taxes on wealthy Americans.

He said that money should be used to cover moving expenses for companies that decide to bring jobs home. Indeed, Obama's anti-outsourcing job was mainly directed towards the manufacturing jobs in China; even though the new policies would also adversely affect outsourcing in India, which is often described as the world's back office.

"No American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here," he said. "My message is simple. It's time to stop rewarding businesses that ship jobs overseas, and start rewarding companies that create jobs right here in America. Send me these tax reforms, and I'll sign them right away," Obama told lawmakers.

Source
 

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