... or sulfur in domestic drywall ... Japanese cars are cheaper in part because the Japanese pay higher income taxes out of which the Govt runs the health care biz thus no element of the cost structure of Japanese cars goes towards retiree health benefits ... or the eye fund ... or the vacation fund ... or the legal fund ... or the strike fund ... or the fund fund ...Default said:OTOH, we have no melamine in our milk.
Just so I don't sound like I'm sticking it on the Unions; I own two cars; one is a diesel sedan that Detroit doesn't make and the other is small, supercharged 4-cylinder sedan that gets 30 mpg highway with the AC off ... Detroit doesn't make one of those either. I (and others) can't buy what Detroit doesn't sell.
The economy depends on consumer spending but our individual well-being depends on not spending ... our self-interests are in direct conflict. The US economy, where the workers have the lowest savings rate of the industrialized countries, can only recover if everyone spends every dollar they take in ... Since so many people are losing their jobs and those still working pinch their pennies tighter, recovery is pushed further off ...