http://greeninc.blogs.nytimes.com/2009/11/05/schumer-seeks-to-block-stimulus-funds-for-chinese-backed-texas-wind-farm/

Texas wind farm project will buy the wind turbines from China, creating 2000 jobs in China. $450 million in stimulus money goes to China. Schumer trying to block the deal(good for him).

We will get a couple hundred jobs over here out of the project. Also, China continues to steer their own projects to Chinese only companies. Sounds like a great return on investment for the American taxpayer doesn't it?

No wonder unemployment is 10%.

You can also thank Wal-mart and companies of its ilk that sell nothing but cheap, crappy Chinese goods. You can blame the American people for buying nothing but cheap, crappy Chinese goods. You can blame the American workers for refusing to work for pennies a day, thus making sure there are cheap Chinese goods. You can blame the Chinese government's protectionist product keeping decent American goods away from Chinese consumers (who couldn't afford them anyway.)

If there was an American firm that could provide the turbines at, well, not even similar cost, but within the ball park, then the story would be outrageous. That there isn't an American company able to provide the turbines is outrageous.

Americans have sadly become a bunch of consumers who can't afford to buy locally partly because unions have inflated the cost of too many domestic products and mostly because corporate greed has outsourced jobs to countries were the workers have no protection.

We need a middle ground.

I would not say it is coroporate greed that caused outsourcing but rather the responsibilities to the shareholders to maximize share price. I am not a fan of outsourcing but until there is an incentive to keep jobs in the U.S> this is going to happen. Rather than punish there should be a corporate tax advantage to internaitonal companies based in the U.S. who do not outsource.
When a company like HP can hire a room full of tech support in India for the same price as hiring two guys in the U.S. they would be idiots not to do it. Matter of fact who would want to invest in a company that throws money away like that? not me.
Capital investment flows to where it is cheapest.

What the corps are doing is no different than a company solely based in the U.S. that decides to set up shop in Delaware rather than NY because the pricve of living is cheaper and they can therefore pay their employees a lower wage.

I know you aren't dumb, so you must be confused. How is spending $450M in federal tax dollars "capitalism”? This is not "free market" activity but government investment. Why should the US government invest in Chinese companies?

GWB inherited a similar situation, where the country was entering into a recession. He lowered taxes, put more money in everyone's pocket and stopped unemployment at a peak of 6.5%. Obama promised that the rate would stay below 8% if the $780B stimulus bill was passed. We are now at 10.2%. The unemployment rate has increased almost 50% since Obama has taken office. The blame bush stuff is tired and untrue. The current economic situation is on Obama and the Democrats. They thought the government knew how to spend better then the private sector. Didn't work before, won't work now.

<<<You can also thank Wal-mart and companies of its ilk that sell nothing but cheap, crappy Chinese goods. You can blame the American people for buying nothing but cheap, crappy Chinese goods. You can blame the American workers for refusing to work for pennies a day, thus making sure there are cheap Chinese goods. You can blame the Chinese government's protectionist product keeping decent American goods away from Chinese consumers (who couldn't afford them anyway.)>>>

tariffs....we just don't use them in our favor.

No reason for cheaper international goods to be on our shelves or showroom floors.

And if you outsource labor...that branch of your business should be taxed heavily.

First off, what do you think happened to the GW tax cut? Think people only bought American with it?

Secondly, It's American companies teaming up some Chinese because we don't manufacture. Not that I am surprised a conservative is a little off on the facts.

http://greeninc.blogs.nytimes.com/2009/11/05/schumer-seeks-to-block-stimulus-funds-for-chinese-backed-texas-wind-farm/

"As Green Inc. reported last week, the $1.5 billion wind venture — announced by a coalition of American and Chinese companies " Last quarter to GW was positive, nothing like this crash which started before the election. Nice try. He was also handed less debt.

He lowered taxes, by adding 1.5 trillion in the debt, straight from China. He also spent like a drunken sailor, which he used to drive the economy a whopping 1.5% growth. Horrible. It got us here, so let's not listen to the people who caused this tell us how it should be.

The economy crashed during Bush's last term, that's what he handed over. Facts, sorry.

By the way, the period early in GW's administration, that's what you guys call the Clinton recession. Now it's, "Oh the Bush whining". Hypocrites.