The Bucknuts Hot Spot

The problem is our free trade policies. Once one company goes overseas to take advantage of cheap labor the rest of the industry has to follow or the shareholder's will go crazy because the company didn't go after every penny of profit it could. There was just a story on the news the other day about how the shoe industry left and went to Asia. The profits of those companies went way up but they didn't lower the price of their shoes at all. Free trade puts our workers in direct competition with the cheapest labor in the world. China pegs its currency at a fraction of ours to specifically make their labor cheap so they can export more. It is very difficult to compete with that.

Why do people like you hate Oil and Insurance Companies so much?

I'm writing this on a MacBook Pro. I have never said that any profits were obscene though some of the business practices which individuals and companies have used to generate them have been obscene.

From what I have read, conditions were found not to be as bad reported in the NY Times. In addition Apple has corrected the problems which were found.

Bingo!

As for government, liberal officials at the state and federal level continue to believe outcomes of their decisions are made in a vacuum, without taking into account that:

Higher corporate taxes push jobs overseas.
Higher tax rates, both personal and business, result in less tax revenue.
Union controlled states push people and jobs to right-to-work states.

Great thread, as it reveals the hypocrisy of the left, and the belief that all excessive corporate profits aren't created equal, and the only evil companies are the ones who prey on unsuspecting citizens in select industries. Total BS in a free market.

All know is I wouldn't know how to function in this world if I didn't have my Ipod Classic and it's 90GB (160 capacity) of music. Don't even get me started on my daughter and her Ipod touch.