Romney’s ‘Jobs Plan’ Gets Hammered by Economists

[Soul Crusher]

You mean geographically or ?

They are making money overseas and not domesticating the profits due to the fact that we have a ridiculous corporate tax law that is punitive and that obama refuses to deal with. 

 

 

[whork]

They are making money overseas and not domesticating the profits due to the fact that we have a ridiculous corporate tax law that is punitive and that obama refuses to deal with. 

 

 

We have had the same corporate tax law for a loong time now

So you are saying the companies dont pay tax in america but overseas instead?

[240 is Back]

anti-wolf calves

[Shockwave]

Apparently this prohibitation of improvement on the tax code and economic environment has made coorporations richer than ever

If you are a capitalist you would be a fool not to vote Obama

Are you a commie who doesnt want businesses to make money 333386?

Youre logic is fail.
Apple posted those record profits BECAUSE they moved their production to China. Nobody would buy a 2000 dollar American Made Ipad, now would they?

[chadstallion]

and the democrat congress run by reid pelosi remember? 

The entire economy and country went to hell when those two disgusting communist rats took over. 

not my stock/investment portfolios.

[whork]

Youre logic is fail.
Apple posted those record profits BECAUSE they moved their production to China. Nobody would buy a 2000 dollar American Made Ipad, now would they?

Source?

[Shockwave]

Source?

Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

Why can’t that work come home? Mr. Obama asked.

Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.

Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products.

Apple executives say that going overseas, at this point, is their only option. One former executive described how the company relied upon a Chinese factory to revamp iPhone manufacturing just weeks before the device was due on shelves. Apple had redesigned the iPhone’s screen at the last minute, forcing an assembly line overhaul. New screens began arriving at the plant near midnight.

A foreman immediately roused 8,000 workers inside the company’s dormitories, according to the executive. Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day.

“The speed and flexibility is breathtaking,” the executive said. “There’s no American plant that can match that.”

To thrive, companies argue they need to move work where it can generate enough profits to keep paying for innovation. Doing otherwise risks losing even more American jobs over time, as evidenced by the legions of once-proud domestic manufacturers — including G.M. and others — that have shrunk as nimble competitors have emerged.

For Mr. Cook, the focus on Asia “came down to two things,” said one former high-ranking Apple executive. Factories in Asia “can scale up and down faster” and “Asian supply chains have surpassed what’s in the U.S.” The result is that “we can’t compete at this point,” the executive said.

http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=all

[whork]

http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=all

Thanks