Are you kidding? This is classic liberal arguement and I’m not even going to address it.
This doesn’t disprove a word I said. In fact, if anything, it proves the problems with regulation. The one who holds the pen on regulation, makes the rules.
Not to mention: Have you heard anything at all about Fannie Mae and Freddie Mac? Where are you from? Did you miss that Obama bailed out his friends in a size and manner that literally bankrupted the country? Did you miss AIG’s fall and Obama’s actions there?
Regardless of that, you as most liberals do tried to turn this into a “Bush” war. Are you so hate filled and stuck on that nitwit? You just can’t get him out of your shorts? What in the heck is your problem?
My arguement still stands: If nearly EVERY banking, real estate, financial, and auto industry falls, and most of it has to do with a spiral, then track the beginning spiral. If the beginning spiral is one factor that is easily proven to be tied to regulation, then regulation caused the fall, not deregulation. If every system tied to it also fell, that is also the fault of regulation. Clearly you have no clue how the free market works.
Thousands of banks failed. People lost jobs. People lost homes.
Now…In a DEREGULATED MARKET what happens? The ones who were stupid fail, and they don’t want to fail, so failures go down over time, and it is IMPOSSIBLE for all to fail at the same time.
In a REGULATED MARKET the first sign it is the fault of regulation is that ALL COMPANIES under the regulation fall. What happened, did a few fall, or all that did a certain action? The answer is the later of the two. Now the question is why? Deregulation? HAHAHAHA!!! No. They didn’t want to go bankrupt. Rich people never do. The answer? Regulation.
You are my hero, Jim. I agree with what you are saying.
Getting back to the subject at hand: have you ever looked at where frozen fish comes from? CHINA! Why? I will not buy it.
I do not forgive Walmart (children’s jewelry laden with heavy metals), Mattel (toys with lead based paint, pet food manufacturers (pet food laced with melamine), etc., etc., etc., for failing to test these products before putting them on the market. For heaven’s sake, they know what they are dealing with, and they ignored the need for quality control.
Do we have to continue to import cheap Chinese junk for our kids to play with and our pets to eat? Where is the moral and ethical responsibility of American corporations who know full well what conditions are there. they make a big show of “inspecting” the Chinese factories, but nothing changes. I hope they get sued to oblivion (which will not happen) until they get the message…
We as consumers can do at least a small part by not buying Chinese products (food, for sure) when we have alternatives. Maybe if folks read labels a little more carefully, instead of reaching for the cheapest thing all the time, things would not be so lopsided.
Incidentally, Chris, your arguments are incoherent; I have NO clue what you are ranting about and really expect that you have gotten it backwards. But I can’t tell….
Mula, I do disagree on one point…most of our politicians are in someone’s pocket or another, but I cannot risk voting out all the incumbents…sometimes the devil you know, as they say.
I learned a long time ago that fascism was a cooperation between the military, and industrial, and political segments. I think that is where we are headed and I am with Jim…unless we start working together and stop calling each other names, we will be circling the drain. It is time to dump ideologies and get practical. And this means casting a real jaundiced eye over the “socialism for the rich” as well.
Having handled products liability claims for years, this is no surprise. See the Chinese tire issues a few years ago for an example. Any time we have dealt with Chinese manufactured goods we knew that our recourse was limited to the U.S. based subsidiaries (and most of the time the separate entities; distributors). The Chinese seem to be getting it both ways in so many aspects; allowing piracy, not standing behind dangerous or faulty products. If you underwrite (as carrier or broker) entities that buy a lot of Chinese goods, it may be appropriate to take a very hard look at the products, the U.S. subsidiaries of such companies, and how big your exposure is. At least Knauf is a German company, which will likely be able to be held accountable.
Nothing new for the Chinese. You think they care that their own drywall (if they use it)is toxic. They have factories right next door to apartment buildings that are spewing toxic fumes into open windows. A little toxic drywall in their own homes doesn’t affect them so they’re probably wondering what all of our fuss is about. It’s too bad we’ve had so many American companies shift manufacturing and jobs over there. If we hadn’t we could refuse to do business with them. It’s too late now because it would wreck our economy even further. I don’t necessarily advocate a protectionist trade policy for the US but China certainly marches to the beat of their own drum and we often have to deal with the consequences of the crap they dump on us.
Lesson learned?…..or has it been learned? Evaluating every aspect of foreign goods coming in this country is not practical, however, if the organization (not government) accepting goods does the work of inspecting and evaluating goods we may catch some of this crap before it gets out of hand. Pay an inspector now or pay a lawsuit later 100 fold.
The Chinese couldn’t care less, but we must send a real, I said real, message.
So tired of this. We are being forced into cap and trade (my state has it), lopsided labor, and direct laibility. It is about time we tell China to reciprocate equally on sooooo many levels or move to protectionist status.
BUY US PRODUCTS (when available). Sounds stupid but sadly enough it is not always available anymore.
How many products do you buy in Home Depot, Lowes that are made in China? What if the Risk Managers of all these companies told the purchasing departments to purchase from Mexico instead because buying from china creates to much of a leagal risk management exposure with no recourse for subrogation.
This is just a matter of a billion or two that risks billions of a trade deficit with China for us. China would be the benefactor of such a settlement in the long run.
I say lets stop buying from them after they give us the couple of billion anyway.
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Are you kidding? This is classic liberal arguement and I’m not even going to address it.
This doesn’t disprove a word I said. In fact, if anything, it proves the problems with regulation. The one who holds the pen on regulation, makes the rules.
Not to mention: Have you heard anything at all about Fannie Mae and Freddie Mac? Where are you from? Did you miss that Obama bailed out his friends in a size and manner that literally bankrupted the country? Did you miss AIG’s fall and Obama’s actions there?
Regardless of that, you as most liberals do tried to turn this into a “Bush” war. Are you so hate filled and stuck on that nitwit? You just can’t get him out of your shorts? What in the heck is your problem?
My arguement still stands: If nearly EVERY banking, real estate, financial, and auto industry falls, and most of it has to do with a spiral, then track the beginning spiral. If the beginning spiral is one factor that is easily proven to be tied to regulation, then regulation caused the fall, not deregulation. If every system tied to it also fell, that is also the fault of regulation. Clearly you have no clue how the free market works.
Let me eleborate:
Thousands of banks failed. People lost jobs. People lost homes.
Now…In a DEREGULATED MARKET what happens? The ones who were stupid fail, and they don’t want to fail, so failures go down over time, and it is IMPOSSIBLE for all to fail at the same time.
In a REGULATED MARKET the first sign it is the fault of regulation is that ALL COMPANIES under the regulation fall. What happened, did a few fall, or all that did a certain action? The answer is the later of the two. Now the question is why? Deregulation? HAHAHAHA!!! No. They didn’t want to go bankrupt. Rich people never do. The answer? Regulation.
You are my hero, Jim. I agree with what you are saying.
Getting back to the subject at hand: have you ever looked at where frozen fish comes from? CHINA! Why? I will not buy it.
I do not forgive Walmart (children’s jewelry laden with heavy metals), Mattel (toys with lead based paint, pet food manufacturers (pet food laced with melamine), etc., etc., etc., for failing to test these products before putting them on the market. For heaven’s sake, they know what they are dealing with, and they ignored the need for quality control.
Do we have to continue to import cheap Chinese junk for our kids to play with and our pets to eat? Where is the moral and ethical responsibility of American corporations who know full well what conditions are there. they make a big show of “inspecting” the Chinese factories, but nothing changes. I hope they get sued to oblivion (which will not happen) until they get the message…
We as consumers can do at least a small part by not buying Chinese products (food, for sure) when we have alternatives. Maybe if folks read labels a little more carefully, instead of reaching for the cheapest thing all the time, things would not be so lopsided.
Incidentally, Chris, your arguments are incoherent; I have NO clue what you are ranting about and really expect that you have gotten it backwards. But I can’t tell….
Mula, I do disagree on one point…most of our politicians are in someone’s pocket or another, but I cannot risk voting out all the incumbents…sometimes the devil you know, as they say.
I learned a long time ago that fascism was a cooperation between the military, and industrial, and political segments. I think that is where we are headed and I am with Jim…unless we start working together and stop calling each other names, we will be circling the drain. It is time to dump ideologies and get practical. And this means casting a real jaundiced eye over the “socialism for the rich” as well.
I wonder if they will use lead paint for the finish on the walls?
Having handled products liability claims for years, this is no surprise. See the Chinese tire issues a few years ago for an example. Any time we have dealt with Chinese manufactured goods we knew that our recourse was limited to the U.S. based subsidiaries (and most of the time the separate entities; distributors). The Chinese seem to be getting it both ways in so many aspects; allowing piracy, not standing behind dangerous or faulty products. If you underwrite (as carrier or broker) entities that buy a lot of Chinese goods, it may be appropriate to take a very hard look at the products, the U.S. subsidiaries of such companies, and how big your exposure is. At least Knauf is a German company, which will likely be able to be held accountable.
Nothing new for the Chinese. You think they care that their own drywall (if they use it)is toxic. They have factories right next door to apartment buildings that are spewing toxic fumes into open windows. A little toxic drywall in their own homes doesn’t affect them so they’re probably wondering what all of our fuss is about. It’s too bad we’ve had so many American companies shift manufacturing and jobs over there. If we hadn’t we could refuse to do business with them. It’s too late now because it would wreck our economy even further. I don’t necessarily advocate a protectionist trade policy for the US but China certainly marches to the beat of their own drum and we often have to deal with the consequences of the crap they dump on us.
Lesson learned?…..or has it been learned? Evaluating every aspect of foreign goods coming in this country is not practical, however, if the organization (not government) accepting goods does the work of inspecting and evaluating goods we may catch some of this crap before it gets out of hand. Pay an inspector now or pay a lawsuit later 100 fold.
The Chinese couldn’t care less, but we must send a real, I said real, message.
So tired of this. We are being forced into cap and trade (my state has it), lopsided labor, and direct laibility. It is about time we tell China to reciprocate equally on sooooo many levels or move to protectionist status.
BUY US PRODUCTS (when available). Sounds stupid but sadly enough it is not always available anymore.
How many products do you buy in Home Depot, Lowes that are made in China? What if the Risk Managers of all these companies told the purchasing departments to purchase from Mexico instead because buying from china creates to much of a leagal risk management exposure with no recourse for subrogation.
This is just a matter of a billion or two that risks billions of a trade deficit with China for us. China would be the benefactor of such a settlement in the long run.
I say lets stop buying from them after they give us the couple of billion anyway.
Sometimes it takes some effort but if you look around you can find products that are made in the USA. For starters, stay out of Walmart.