Nor should the feds have to. Good guess, but, in the grand scheme of things, how does a furniture manufacturer take a back seat to an insurance firm like AIG? One actually produces a quality tangible good that brings dollars and jobs into the community that manufactured it. Does AIG produce anything tangible?
The other side to Norwalk Furniture is it shows how difficult it is for a company to exist in today’s global market. Americans are not interested in items made in the USA, they buy cheaper furniture made out of the country. Which in turn creates situations like this one where as we lose more and more manufacturing jobs, what these jobs are replaced with and how the workers who relied on them will have the training and skills needed to do something else becomes the issue.
Wall Street pressures are among the reasons why manufacturing jobs go overseas. Even when American manufacturers make profits, if a competitor has even higher profit margins because they manufacture overseas, Wall Street punishes the stock of the American manufacturer and rewards the stock of the foreign manufacturer. The automotive parts plant for Ford that I used to work at was capable of making profits, but all that work has now been outsourced elsewhere. Retail chains don’t want to advertise where products are made–they just want to advertise the price. I bet a lot of shoppers would look for American-made goods on the store shelves if we knew where to find them. Instead, one has to pick up each item and search the package to discover where it was made, and finding an item not made in China means searching many, many, many packages. Also, the Wall Street elites and the Hollywood elites make foreign imports into status symbols, especially when it comes to cars. It’s like California and the Northeastern U.S. have imposed economic sanctions on the Midwest with the prevalence of imported autos. Hollywood movies portraying jet-setters show them with imported cars, not a Cadillac or a Lincoln. Likewise, when the paparazzi catch up with celebrities, they are driving imports. Yet, we in the Midwest are supposed to care that Hollywood’s A-list endorses Barack Obama?
Buckeye=derived from nickname for state of Ohio.
RINO=Republican In Name Only.
Liberals think I'm too partisan.
Conservatives think I'm not partisan enough.
Moderates think my views are too idealistic and not pragmatic enough.
Libertarians think I'm too pragmatic and not idealistic enough.
I am Daniel Jack Williamson, a graduate of The Ohio State University, a native of Ohio, a Republican voter, and a former Republican candidate. My moniker, "Buckeye RINO," is a hat-tip to my fellow conservatives who think I'm not Republican enough.
I am the Buckeye RINO, and this is my political blog.