GM's ignition recall issue explained.
This sums up why GM did what they did. http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20140321&id=17455509
Forum Discussion
dwp619,
You got it right!
Quote from the dictionary etc:
"Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or other given period of time. GDP per capita is often considered an indicator of a country's standard of living."
dwp619 knows but some other might want to look it up!
Notice the word "within"? It's the reason for GDP! Sending your dollars out of your country when purchasing a foreign made product, the assembly of, major components made or assembled elsewhere, and then imported into your country and sold using your dollars LOWERS your countries standard of living and dollar value which means for all! People seem to think they are raising their standard of living when it's just the opposite! It de-values your dollar and makes all good and or services more expensive within your country thru rising prices on the world market.
Ever hear of a manufacturer who moved off shore because they were making too much profit making their products here??? They only do it to survive when they must to lower the cost of making their products and getting away from business killing regulations etc. For most, it's a last resort to avoid closing down or going bankrupt. Guess where all those jobs went also. It's the result of our 50-60 yeras of increasing labor costs and mandated business stiffling regulations onshore and we haven't learned. Americans, by and large, buy the cheapest they can regardless of how or where it's built and who was employed to make the product or where the profit goes. Buy cheap, get cheap. Send you dollars and jobs out of the country and it's likely to never return unless borrowed. Borrowed means paying back with interest!
Why is it so hard to understand why we now have these issues posters complain about? The hand writting has been written on the wall in very bold letters for decades but reading must be an option to so many.
You got it right!
Quote from the dictionary etc:
"Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or other given period of time. GDP per capita is often considered an indicator of a country's standard of living."
dwp619 knows but some other might want to look it up!
Notice the word "within"? It's the reason for GDP! Sending your dollars out of your country when purchasing a foreign made product, the assembly of, major components made or assembled elsewhere, and then imported into your country and sold using your dollars LOWERS your countries standard of living and dollar value which means for all! People seem to think they are raising their standard of living when it's just the opposite! It de-values your dollar and makes all good and or services more expensive within your country thru rising prices on the world market.
Ever hear of a manufacturer who moved off shore because they were making too much profit making their products here??? They only do it to survive when they must to lower the cost of making their products and getting away from business killing regulations etc. For most, it's a last resort to avoid closing down or going bankrupt. Guess where all those jobs went also. It's the result of our 50-60 yeras of increasing labor costs and mandated business stiffling regulations onshore and we haven't learned. Americans, by and large, buy the cheapest they can regardless of how or where it's built and who was employed to make the product or where the profit goes. Buy cheap, get cheap. Send you dollars and jobs out of the country and it's likely to never return unless borrowed. Borrowed means paying back with interest!
Why is it so hard to understand why we now have these issues posters complain about? The hand writting has been written on the wall in very bold letters for decades but reading must be an option to so many.
