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At least we're still making something in this country, even if it is mostly 'foreign' cars...
I'm surprised by the content of some of those cars 80% +/- for the Toyota's and Honda's. I always assumed they were mostly just "assembled" in the US.
I remember when I was younger and growing up seeing all those "Be American, Buy American" and other such protectionist marketing things. Cars were the biggest badge of pride for any anti-import person. Ultimately, we are of course better off for trade but you couldn't convince an anti-import person about that. It is ironic that half of the most "American" cars are those that have foreign ownership yet are putting Americans to work. Gotta wonder if any of those guys gave up once foreign brands started putting America to work just as much, if not more, than the domestic car industry?
You can think what you want.Are we better off? I don't think so.
How do you define better off? Americans work more hours for less spending power but we have more toys, especially at the lower income levels, than ever before. The quality of our "stuff" has surely increased at a massive rate (ESPECIALLY CARS), technology is booming. You simply can not argue that as far as "tangibles" we are not much better off. You can argue intangibles but you can not measure those as that is a value statement. There is no need to argue the buying powder of the dollar has decreased but the value and quality of what the dollar buys has increased. So we have better quality stuff but we have to work harder to get it.Are we better off? I don't think so.
Got me thinking...how would that be handled now?
Poorly
There would just be Mitsubishi Corsairs fighting against Mitsubishi Zeros.Poorly