Toyota estimates that the company will experience a net loss of about 4.5 billion dollars in the first quarter of 09. This will be the first loss since 1950 for Toyota.
How much you want to bet their job cuts will be at their American plants instead of their factories at home?
How much do you want to bet they go ahead with building their new plant in Mississippi?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
How much do you want to bet they go ahead with building their new plant in Mississippi?
Now why would they do that? You say corporate taxes are what's driving our manufacturing overseas, so why would a foreign manufacturer continue building a plant with those 'horrendous' taxes during such downturn in business?
Fer cryin' out loud, would you at least TRY to be consistent with your arguments?
I thought Mississippi is in the same country as California, New Jersey, New York and Massachusetts with the same 'onerous' corporate income tax rates he's been all weepy eyed about. I coulda sworn I drove through the state twice last week on my trip to visit my son before he was deployed to Korea. Even spent the night in some town called Vicksburg, right next to a river I thought was named Mississippi.
How much do you want to bet they go ahead with building their new plant in Mississippi?
Now why would they do that? You say corporate taxes are what's driving our manufacturing overseas, so why would a foreign manufacturer continue building a plant with those 'horrendous' taxes during such downturn in business?
Fer cryin' out loud, would you at least TRY to be consistent with your arguments?
There are two things that drive jobs over seas, taxes (federal, state, local and others) and the cost of labor. There is another factor, though, and that is shipping the product. You need to think about how shipping effects profit and balance that against the type of industries that move over seas, and those that actually set up shop here.
How much do you want to bet they go ahead with building their new plant in Mississippi?
Now why would they do that? You say corporate taxes are what's driving our manufacturing overseas, so why would a foreign manufacturer continue building a plant with those 'horrendous' taxes during such downturn in business?
Fer cryin' out loud, would you at least TRY to be consistent with your arguments?
Hey old man, where am I arguing? I believe I was trying to place a bet with you. Perhaps, you need another subsidy via the tax payer to buy a new set of reading glasses.
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Toyota's First Net Loss Since 1950
GM was very profitble with Unions and so was Ford
