Buying American Un-American?
No, it’s not. Buying American is patriotic, puts jobs here and honors the strong work ethic that Americans have always practiced. But Jonathan Hoenig says that buying American is Un-American. Read below for the exact quote. This is what passes for intelligent analysis on a news show?
Up is down. Black is white. What is this? If you say it long enough and often enough, does stupidity and simple nonsense become persuasive?
Oh, I get the message. What Hoenig is saying is that free market fundamentalism is the actual real American belief system and all this patriotic stuff is on a lower intellectual and thought level. I get it.
Buy American is a business ethics idea, the idea that by rewarding your fellow countrymen for their efforts you build a better nation. Free market fundamentalism is a quasi-religious movement that says we will all be happy and prosperous once we stop trying to do the right thing and chase the money.
Well, I’m not ready to give up doing the right thing. So, I’ll buy American.
Why does Fox “news” hate Americans? During their Saturday “business block,” Cashin’ In guest host Eric Bolling and most of his panel did their best to do an infomercial for Walmart — and to trash the protesters who have been out there demanding higher wages for their workers. And if that wasn’t bad enough, their regular, libertarian wingnut Jonathan Hoenig called the very notion of companies like Walmart buying made in America products “un-American.”
I’m not going to transcribe all of this mess, but here’s some of the worst of it, where they were blaming the protesters for Walmart deciding to expand into China, and attacking labor unions, which is their favorite sport along with attacking poor people on Faux “news” on Saturday mornings. …
(The relevant remarks below)
HOENIG: I’m actually against that Eric. I think this whole notion of buy American is actually un-American. American companies should buy the lowest quality product… excuse me, the lowest price product at the highest possible quality. If they happen to be made overseas, that’s even better. It allows Americans to save money and those resources to be more deployed, and more profitable in productive ways.
From around the web.
From the web site, Buy American Challenge.
Josh Miller’s new documentary is an inspirational reminder that the words “Made in USA” still matter. While Americans from Main Street to the halls of Congress struggle to cope with our sputtering economy, Miller reminds us that the answer to reclaiming a prosperous future may lie in the long-forgotten rallying cry to “Buy American.”
As Miller demonstrates in his month-long trek across the United States, a sure-fire way to create American jobs is to stimulate demand for American-made products. While conventional wisdom once told us the jobs that left our shores would never return, as is so often the case, that conventional wisdom is now being turned on its head.
The film shows that in many industries, companies that stuck to their American-made roots are now thriving, while firms that made the decision to off-shore are realizing the advantages of sourcing from low-wage countries like China are being eaten up by rapidly increasing wages in those countries. Once you consider the other disadvantages of off-shoring, such as increased shipping costs, higher inventory costs, and extended time to get products to market, in many industries the benefits of overseas production are now being outweighed by the costs. As a consequence, America may be primed for a serious jobs recovery.
In the film, Michael Araten, CEO of the toy company K’Nex, whom Miller interviews, makes the most compelling case that the U.S. is poised for job creation in the manufacturing sector and that the Buy American Movement can help facilitate it. “What I see happening is that consumers care more and more where stuff is made; businesses react to consumers,” explains Araten. “As demand picks up for [American-made products], then [businesses] will find more ways to [fill that demand].”
- The End Of Free-Market Fundamentalism? (bigpicture.typepad.com)