Maybe the best thing for government to do is stay out of
business all together.
Politicians are already screaming for a raise of minimum wage to over
$7.00/hr. For what christsakes!? Because some lame idiot was too busy
smoking dope and beating the other kids for lunch money to stay in
school to be educated!? So now he has to live of min. wage or welfare?
Then taxes are raised which drives up the costs of businesses or wages are
forced to be increased for the guy who sweeps the floor, takes out the
etc... and the overhead for businesses go up. Government (legislative and
always screws things up because they are all a bunch of lawyers instead of
Bill Gates produces a better more users friendly product and everyone
sues him because he's got a "monopoly". No they sue him because he's
got money and it is politically correct to demonize him.
A guy invents a better way to copy papers. Nobody likes his idea and
tells him to hit the road (i.e. Eastman Kodak). So what does he do? He
everything he has to start a garage business to produce machines that use
the process of xerography ( 99.999% of all copiers, faxes, laser printers
today use this process)
and XEROX is born and becomes big and successful. So then all those
that rejected him end up filing a law suit against XEROX and win to get a
release on his patent and boom the Japanese kills us on the world market
copier and printer technology.
Sue the Tobacco companies because people are too stupid to read the labels
and too stupid to be responsible for their own actions. Demonize them
are successful, and get a court order to steal their money. Another
business on its way down.
No if any politician really wants to support the economy, then get
the hell out and let businessman do their jobs. Create successful companies
that produce our jobs. So we can produce products that are both good
at a good price.
There are a lot of whoppers floating around this discussion, but this
one is priceless.
Its PC to defend him actually.
The guy keeps breaking laws and then getting slapped on the wrist. The
laws are there to provide a framework. They are required for capitalism.
Among the many suits he has lost include ones for merely taking what
doesn't belong to him.
I just read about this too.
Check out these links to see the full story...
I am curious to see what develops from here.
"A man without a wife is like a fish without a bicycle." unknown
I'm positive the value of everything manufactured in the USA far, far
exceeds the value of everything manufactured in Asia that is imported.
It just seems like everything is being made in Asia because so many
household goods are made there. You and I don't see the made in the USA
labels on lots of things because they are buried inside other things we
There isn't a made in the USA label on a Boeing jet, yet they are made
right here in the USA.
This is something which really surprises me about this country.
Which is lack of really high end US made products. I think is some
kind of deficiency in a culture. My wife works in Berkeley Lab and
most, if not all, precise equipment they use made abroad. Most from
Germany, France and Japan. These are not low wage places. Why
American companies do not make any equipment which would compete
in this market? This is not only about precise machinery. Simple
erasers, just block of latex, yet all engineering students use
German erasers (not Chinese), while american made are really a
piece of crap. Why good erasers can't be made here in US? My only
guess is a lack of culture of the management. There is of course
pressure to increase margins and stock price but it does exist in
Europe and Japan as well. So, I am not surprised that some major
parts of Boeing jet made in Japan.
I am not an American, though I live here in US. And I wish this
country to succeed, not in launching men to the Mars (though it
would be good) or waging wars left and right, but in making life
of its people better. But I don't hold my breath.
If China and Japan stop buying our debt, we will be worst off than what you
describe. Unfortunately right now they need us as bad as we need them but
the music will eventually stop. The thing we should pray for is to have the
China bubble to burst like our dot.com one did a few years ago. Don't blame
either country, the real villains are corporate America and the buffoons
that run it.
Well, simply because Pentair wishes to sell the tools unit does not
mean all that much from my point of view. This business has been
bought and sold several times, moved from Milwalkee to Tennessee,
outsourced, overseas-ed, pinched for profits and likely reconfigured
in as many ways as some newly minted MBAs who don't know a dado from a
tenon could dream up. Let's face it, the Pentair finance guys have
made a decision that the earinings curve on
homeowner/hobbyist/professional tool sales volume has peaked, right or
wrong, so they are sellers. I mean, after all, mass market is where
the sales volume is. Jet is also on the verge of eating their lunch,
Dewalt and Jet have been a bit more innovative in product development,
and Jet has shown committment to the sector with their Powermatic
acquisition. We all can complain from time to time, but Jet is really
giving Delta a run for their money in the stationery tool market, I
own both brands and frankly find it hard to distinguish -again,
overall- from quality. Yes, I like my Delta 14" band saw a bit more
than the Jet, but the two cabinet saws are indistinguishable in
quality - I bought the Unisaw only because the dealer matched the
price to the Jet for a "Great White" leftover. The fact is Pentair
has a $1 Billion revenue stream (which ain't chicken liver) from tools
generating <10% margins - who's to say that a buyer, at a price based
upon an appropriate earnings multiple, could not tweak the business,
make it stronger, more responsive to its customers, improve the
margins and make it better in the long run for both the owners and the
customers? I for one would rather have someone focused on tools as
their main business, rather than water treatment. It's like when AMF
bought Harley Davidson, they ran it into the ground, bunch of bean
counters, and the product suffered - those bikes were garbage. Get
someone really committed to the product and customer and folks will
pay a bit more for service and quality.
Interesting that you bring this up as I was pondering a
similar line last night during some of my "I don't have to
be thinking of useful stuff right now" down time. What's
different, at least for me is, this is one chapter of the
Great Delta Legacy that I'll/we'll be able to watch first
By the way, the finance guys arrived at Delta shortly after
the sale of the company in 1939. Now it's rather
interesting that during that time and well up into the next
couple of decades the engineers and sales force at Delta
managed to keep them at bay (some what). By the mid-70's
they (engineers at least) had been pretty well beaten down
and the new world order was in place. This wasn't the
beginning of the end as that had really begun rather
benignly years before but it certainly accelerated Delta's
Oh hell yes. Delta is Jet's stiffest competition though
stiff in this case may not be the right word. The game was
Delta's to lose and they lost it. Plain and simple, game
DeWalt is one thing but Jet has pretty much built their line
on the back of the already available Delta design. I
suppose you could make a case-by-case argument but let's
face it, they only backwards engineered the Delta line.
I'm thinking the jury is still out on Powermatic and that
only time will tell.
My AMF/HD argument has always centered on the fact that
without AMF guys like Teerlink and Bluestein (sp?) would
never have had a company left to rescue. The same might be
said for Penthair though I don't think Penthair is to blame
as much as Delta's internal management. It's a blurred line
I know but from what I have seen an owner doesn't always
hold the cards and it usually comes down to the people doing
the actual work.
Oh hell yes. Now, may I?
I'm thinking Jet is turning their pockets inside out right
now and looking at all available avenues to buy the Penthair
Machinery ConGlomCo. It would make them instant players in
the markets they don't already have a foot in
(Porter-Cable/DeVilbis/et al). It allows them to make Delta
dead should they decide that to be a good thing. After all,
there really isn't a need to have two of everything. Least
of which it buys up Delta's distribution and customer base
though they already seem to be everywhere that Delta is.
This would be no different than Delta and Rockwell buying up
Walker-Turner, Crescent, Red Star and all the other great
woodworking machinery makers that have fallen by the wayside
but had/have made Delta what it was once upon a time.
A'yup, we have a front row center seat here for the next
chapter of the Great Delta Legacy.
UA100, off to make popcorn and scrunching his ass down in
the big comfy chair...
I think it's worth pointing out that, unlike Delta, Jet was
no a tool manufacturer. If I'm not mistaken, Jet didn't have
any manufacturing facilities until their acquisition of Powermatic.
For that matter, did Jet aquire Powermatic, or was it their
parent corporation (whose not-so-memorable name I forget)?
Hmmm..... I'm not so sure. Would it really be in their
best financial interest? Sure, I can see a definite benefit.
But would that benefit be worth the cost? Would it be like
Ford buying Chrysler or Daimler-Benz (sp?) buying Chrysler?
Well, I think it would be a little different. Again, Jet is
an importer/marketer of machinery, not a manufacturer. Do they
want to go that direction? Sometimes corporations do best sticking
to what they do best, so to speak.
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