Comments on: Job Losses & Unemployment http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/ Mutual Funds, Investing, Retirement, Economy, Personal Finance Wed, 08 Sep 2010 01:47:25 +0000 http://wordpress.org/?v=2.3.1 By: Mark A. Sadowski http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3275 Mark A. Sadowski Fri, 07 Aug 2009 23:52:43 +0000 http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3275 Kurt, I think we are on the verge of setting another record for the postwar period. The recession may have ended in output terms in June (we'll see) but job losses will likely continue for at least a few more months. (Nice chart!) Kurt,
I think we are on the verge of setting another record for the postwar period. The recession may have ended in output terms in June (we’ll see) but job losses will likely continue for at least a few more months. (Nice chart!)

]]> By: Kurt Brouwer http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3272 Kurt Brouwer Fri, 07 Aug 2009 21:07:44 +0000 http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3272 Actually, there has been tons of material out on the 'Buy American' concept you raise. Here are two links from my posts: <a href="http://www.fundmasteryblog.com/2009/06/23/are-we-igniting-a-trade-war/" rel="nofollow">Are We Igniting a Trade War?</a> <a href="http://www.fundmasteryblog.com/2009/06/18/china-counterattacks-with-buy-china-policy/" rel="nofollow">China Counterattacks with Buy China Policy</a> It's great that you make personal decisions on where something is made. The problem comes if Americans try to legislate such a policy. First, most products such as cars, computers and refrigerators have significant foreign components. Also, the Great Depression was significantly worsened by the Smoot Hawley Tariff Act of 1930, their version of forcing people to buy American. Actually, there has been tons of material out on the ‘Buy American’ concept you raise. Here are two links from my posts:

Are We Igniting a Trade War?
China Counterattacks with Buy China Policy

It’s great that you make personal decisions on where something is made. The problem comes if Americans try to legislate such a policy. First, most products such as cars, computers and refrigerators have significant foreign components. Also, the Great Depression was significantly worsened by the Smoot Hawley Tariff Act of 1930, their version of forcing people to buy American.

]]> By: Cheryl Marty http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3271 Cheryl Marty Fri, 07 Aug 2009 16:30:43 +0000 http://www.fundmasteryblog.com/2009/08/07/job-losses-unemployment/#comment-3271 I have wondered and waited for all of the reporters and economic think tanks to put this out and no one has.. so.. Why are we not pulling together and going back to the BUY American? If the trickle down effect has put so many of us out of work and brought so many companies to thier knees cant the trickup effect also work ? For months now if it does not say Made In USA I do not buy it, that includes canned fruit, yes you heard me right the canned fruit you buy in the grocery is Not from our farmers, not a Walmart bash but I don’t shop there much anymore because it is so hard to find USA products, I have learned if I cant find it USA made I don’t need it for the most part there are somethings that I have to have like car parts, I request USA and have to pick from China or Mexico and I drive an american made car ! I would like american made parts ! If we all stick to this for even 6 months It has to bring back supply and demand which means more Americans will return to work pay taxes and start to bring the huge spending under control, If we bring less into our country, then we will have to produce it, I fear for my kids, we can’t afford collage now, most of our 401 is gone and there aren’t any jobs. There should be an internet site that american companies can sign up at with a product list and who sells thier products so we can easily find them and buy more American Goods I have wondered and waited for all of the reporters and economic think tanks to put this out and no one has.. so.. Why are we not pulling together and going back to the BUY American? If the trickle down effect has put so many of us out of work and brought so many companies to thier knees cant the trickup effect also work ?
For months now if it does not say Made In USA I do not buy it, that includes canned fruit, yes you heard me right the canned fruit you buy in the grocery is Not from our farmers, not a Walmart bash but I don’t shop there much anymore because it is so hard to find USA products, I have learned if I cant find it USA made I don’t need it for the most part there are somethings that I have to have like car parts, I request USA and have to pick from China or Mexico and I drive an american made car ! I would like american made parts !
If we all stick to this for even 6 months It has to bring back supply and demand which means more Americans will return to work pay taxes and start to bring the huge spending under control, If we bring less into our country, then we will have to produce it, I fear for my kids, we can’t afford collage now, most of our 401 is gone and there aren’t any jobs.
There should be an internet site that american companies can sign up at with a product list and who sells thier products so we can easily find them and buy more American Goods

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