Trump and the 3M situation

[RandomPoster]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

 

[toobfreak]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

 

[Mac-7]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

The problem according to the procurement official for florida is that 3M production in china is being sold to the highest bidder and never reaches the US

just another reason to blame globalism

 

[Marion Morrison]

Masks are made in Japan, too.

They love them things.
Wish I wore 1 today when mowing my grass that's had pollen raining down on it for 2 mos. Holy sinus headache, Batman!

 

[Mac-7]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

I do not accuse 3M of exporting masks

they probably do sell the few masks they make in America to Americans

but they are price gouging masks made by their factories in china

Americans are dying because of globalism

 

[Marion Morrison]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

I do not accuse 3M of exporting masks

they probably do sell the few masks they make in America to Americans

but they are price gouging masks made by their factories in china

Americans are dying because of globalism

Masks are made in other countries, next!

 

[Mac-7]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

I do not accuse 3M of exporting masks

they probably do sell the few masks they make in America to Americans

but they are price gouging masks made by their factories in china

Americans are dying because of globalism

Masks are made in other countries, next!

Another reason to hate globalism

 

[Marion Morrison]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

I do not accuse 3M of exporting masks

they probably do sell the few masks they make in America to Americans

but they are price gouging masks made by their factories in china

Americans are dying because of globalism

Masks are made in other countries, next!

Another reason to hate globalism

Not saying I don't, but China isn't the only game in town.

 

[Mac-7]

Trump says 3M 'will have a big price to pay' over face masks

President Donald Trump slammed 3M Co <MMM.N> in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.

www.reuters.com

My understanding so far is that the Trump administration enforced restrictions a few weeks back to prevent "price gouging" in regards to manufacturers bidding desperate hospitals against each other in order to drive prices up and capitalize on the pandemic. This looks good on paper. However, this only applies to domestic sales. For example, let's say 100 surgical masks typically sells for $100. After the restrictions, the manufacturer would have to sell the masks at a price of 100 masks for $100 instead of driving the price up to $2000 dollars for the same amount. The first problem is that this interferes with free market enterprise. The second consideration is that it doesn't include exports to other countries. So, a company can sell 100 masks for $100 to the local hospital or $2000 to some hospital in another country, which is an export and helps our trade balance. 3M was siphoning 10,000,000 million surgical masks a week (50% of its manufacturing capacity) off to other countries who were desperate enough to pay far more than standard price and bringing massive dollars into our country. Everything looks great. Here comes the problem. American hospitals started complaining about running out of medical masks and 3M not filling their orders, people started checking into things, and everyone is jumping to the wrong conclusion.

Instead of seeing this as an opportunity to put even more Americans to work manufacturing and selling even more masks, the Trump administration is forcing 3M to sell exclusively to companies. We should simply put more Americans to work and sell to everybody, both domestic and foreign since we obviously have the market.

You naive fool, how long do you think it would take to hire tons of people and create manufacturing facilities to ramp up production? And why do you think that even if 3M doubled their production they still wouldn't sell all of them overseas for huge price gouging? How dare President Trump in a time of national emergency, invoke federal law expecting American companies to come to the aid of Americans first and make a good profit at it! That Bum!

I do not accuse 3M of exporting masks

they probably do sell the few masks they make in America to Americans

but they are price gouging masks made by their factories in china

Americans are dying because of globalism

Masks are made in other countries, next!

Another reason to hate globalism

Not saying I don't, but China isn't the only game in town.

For many products it is

thats the goal of chinese mercantilism

to drive foreign manufacturers out of business and locate all the factories in china under chinese control

 

[Snouter]

The mask thing is generally ridiculous. When I use one for landscaping, working is dusty environments, etc., they are only good for 45 minutes before they are soaked and clogged with moisture and you have to move it so you can get fresh air. As far as the cold and flu, indeed someone with symptoms should wear a mask to prevent infecting others.

WEAR COMFORTABLE LEATHER GLOVES WHEN IN PUBLIC! Bacteria and viruses when on the hands go under the fingernails and there is not much chance typical hand washing will flush the invaders out.