Mitt Romney–A firm Believer in Outsourcing to Redistribute Income From Working Americans to the One Percent

In the video below, Mitt Romney brags about commissioning the making of pro-American “We Stand United” pins as a sign of patriotism and coming together in the face of disaster after 9-11. He said people waited for blocks and up to an hour to buy the pins. What he didn’t say is that he had [...]

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There was a reason why Apple Inc. builds their stuff in China and Taiwan and elsewhere; some of it has to do with money, but there are other reasons, as well. An example is provided below. “The chemical n-hexane used in the Taiwanese-owned Wintek factory caused dozens to faint, fall ill and complain of headaches [...]

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Warning to Nike, Apple and Others: Young Chinese Workers Aren’t Happy to Work Cheap

(Reuters) – In the eight years since Zhang Shuxiang first left her village in the poor interior of central China, she worked in 20 factories before coming to the assembly line of a Foxconn plant making products for tech firms including Apple. She wants it to be her last. click here for the complete story

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Trade War Heating Up Between China and the US? How Stupid Is Mitt Romney?

According to the Guardian Newspaper, “The potential for a trade war is hovering in the background as Congress and the Republicans agitate over what they regard as underhanded tactics by Beijing. Mitt Romney, the likely Republican presidential candidate in November, is threatening important restrictions and other barriers because of China’s alleged currency undervaluation.” Some of [...]

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US Manufacturers in China Exporting Less Stuff to the World Bodes Evil for the Rest of the World

China has a trade deficit and it bodes evil for the world’s economy. Let’s face it. Much of China’s manufacturing is done on behalf of US corporations. The US government doesn’t want you to know that. The hideous US international trade deficit is mostly with US companies and their contractors and subcontractors. Nike makes of [...]

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A Trip to The iFactory: ‘Nightline’ Gets an Unprecedented Glimpse Inside Apple’s Chinese Core

Nightline has an interesting story that fails to mention a few things. One of them is that if you build a computer in China that sells for $1500 in the USA, the labor cost per unit is about $9. The labor cost per unit of the same product made in the United States is roughly [...]

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US Government Guarantees Mortgage Backed Bonds to Chinese Government

The United States government is guaranteeing mortgage backed bonds purchased by China. Those are worthless bonds unless their value is assured by the US government. When did the United States government get involved in Wall Street’s casino? That most likely happened when the feds decided to rescue rich investors who’d made mistakes in purchasing the [...]

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Will Some Manufacturing Jobs Trickle Back to the United States?

(Reuters) – Big manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday. click here for the complete story

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The Truth About the Trade Deficit: What the Government Doesn’t Want You to Know About It

So I’m looking at this story about how the US trade deficit with China has cost the United States 2.8 million jobs since 2001 (Click here for a story on the trade deficit from the Economic Policy Institute). There are a ton of problems I have with the story. Now, don’t get me wrong. I’m [...]

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Chinese Hack Into US Chamber of Commerce, Authorities Say

The United States Chamber of Commerce is not affiliated with the US government. The Chamber is the architect of the war against the middle class. So the Chinese hacked it? It doesn’t hurt the 99 percent. Click here for the compete story of the hacking

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