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Mark Lennihan / AP
U.S. stocks were wavering Friday amid lingering fears of a global recession.
The Dow Jones industrial average fell more than 70 points in the first few minutes of trading, but was lately working off that low and edging higher. The index lost 391 points Thursday. Earlier, Asian and European stock markets fell sharply, but European stocks were recovering from their losses in mid-morning trading.
Investors have been turning away from investments that carry risk, worried about a global economic slowdown. U.S. stock markets have fallen for four straight sessions, The Associated Press reports, noting that the move has driven the broad Standard & Poor's 500-stock index down more than 7 percent this week, while the Dow has dropped 6.7 percent -- its worst showing since the week ended Oct. 3, 2008, when Congress struggled to pass the $700 billion bank bailout known as the Troubled Asset Relief Program.
CNBC reports that the Dow is on track for its worst week since October 2008:
Traders found little comfort in an official pledge late Thursday from finance ministers from 20 leading economies to take "all necessary actions to preserve the stability of the banking systems and financial markets" and make sure banks have the cash they need to stay in business.
Europe’s debt crisis looked more acute Friday after news that Moody's Investors Service had downgraded eight Greek banks. The rating agency said the banks hold too much Greek debt and noted that Greece's economic situation is worsening as its government tries to cut spending, which is leading to protests.
Greece appears to be moving closer to default. Reuters reported Friday that Greece's Finance Minister Evangelos Venizelos was quoted by two newspapers as saying an orderly default with a 50 percent haircut for bondholders was one of three scenarios for resolving the country's fiscal woes. That news led to worries that more European banks would have to write down their Greek debt holdings if the country defaulted.
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You Bailed out the wrong group of people. The bailouts weren't necessarily wrong they went to the wrong group of people.
Now we need about 4x the original bailout to go to the Middle Class. One Stipulation that Debt must be paid back first, then you can do whatever you want to with it.
Forget the Rich and forget the poor. Fixing the Middle Class will take care of the rest. If you upgrade the Middle Class everyone else will get an upgrade as well. Prices will drop for easier exporting. etc. etc. etc. etc. You won't have to cut Federal Spending it will Naturally cut itself by creating JOBS!
How about everyone stop looking for a handout? No amount of tax revenue will be enough until we stop looking to the government to 'fix' everything.
The problem was politicians bought into the "too big to fail" line. I can support government stepping in to ensure an orderly wind-down, but poorly run businesses need to be allowed to fail
People that make bad decisions also need to be forced to deal with the repercussions. I don't want anyone hungry or homeless - so those programs need to be fully funded. If legal fraud was involved, that should be prosecuted (both by lending institutions and by individuals that lied on applications). The rest of the people need to suck it up and rebuild - yes, it sucks, but that's life.
As I said bellow in 2.1 what I mentioned wouldn't benefit me directly! I have filled out more job applications in the past 2 years than my whole entire life combined. I have been told I was overqualified at 4 different interviews. I am overqualified to feed me and my family? Overqualified is the last thing I would declare myself. Actually I don't even understand the phrase, does that mean I am not a monkey? (no pun intended against monkeys they are kinda cute in a disgusting way) LOL
The Bailouts have to be countered because they where a mistake by both parties. Get the Middle Class moving you get the entire economy Moving!
Number one indicator I am correct is that the FED is keeping interest rates at an extended all time low! Do you realize how bad that is?
I don't want nothing from you I want them to feed the economic engine which is the Middle Class! It will help the poor and the Rich! Stop the Tug of War!
Handouts go to everyone else but the Middle Class, it is about time they correct the wrongs of the past 40 years. Workers get the shaft and the poor and rich reap the benefits.
I think it will take about 1.5 to 2.5 trillion. Drop all subsidies and lower corporate rates and then repeal all of the bush tax cuts.
Ron,
The government wouldn't be fixing anything the people who make it happen would be fixing the economy!
The government is the people so it would be the people fixing the economy, enough with Elites, you have a choice of corporate or government micromanagement what kind of choice is that?
Like I said the Tea Party is a fraud! Corporate America = Modernday Slavery
Free Markets and American Capitalism.
Stand Idol and it will all fail.
Remember I told You SO!
MDB, i sincerely wish you had to live on a small fixed income. i am only 2K above the 2009 poverty levels, and have been there since 2008. BTW that does NOT mean i get any "entitlements" i in fact get NOTHING from either federal or state government.All this "Save the middle class" BULL, is outright class warfare. Give me a better income, and i ALSO will "stimulate the economy" why do you think that only the "middle class" can do that?
Not a bad question from one of the "poor" you despise so much
Wooooh!
Wait a minute I have been unemployed for over two years I don't fit in the category that I said to bailout! But most certainly it would help me and others like me. I can't afford a loaf of bread not that I could eat it I am a celiac. I eat once a day if I eat. No I don't want or will ask or stand in line for any judgmental handouts. I want jobs and the economy to flow. Upgrade the middle class you upgrade the entire economy!
The Bailouts have made things worse! Because it went to the wrong people Banks where hurting because the middle class was hurting. You water the roots not the leafs!
I don't even classify as poor I have no income and no handouts! I have a degree and lots of debt! So give me a break I was thinking about myself but in a sustainable way.
What is a car without an engine? Stagnation!
Interesting concept that helping the middle class will help the poor. I think that's called trickle-down economics. Surprised some lib hasn't tried to rip you a new one over that...
I would think it would be called middle economics. I disagree with supply side economics if that is what your insinuating? Supply has no relevance without demand.
Liberals and Conservatives as they call themselves are loud distractions. They are the Minority!
Ideological Fools Beer and porch Politics!
I think we get too caught up in the "rich," "middle class," "poor" labels. The reality is our population is spread out all over the spectrum and no two people are in the same situation. E.g. there are those at or below "poverty" definition in income who have substantial savings in the bank. There are elderly members of our society who are in the "poverty" bracket, but who live with their employed children, and would not consider their lifestyle an impoverished one.
One of the reasons there will be no consensus on these stimulus or tax issues is because we don't all conveniently fit into one of 3 artificially-defined income buckets. Some consider themselves middle class because their neighbors live in bigger houses and drive more expensive cars, but would be regarded as rich by some inner city tenement dwellers. Inner city tenement dwellers are regarded as well-off by the homeless. (We're all considered wealthy by the majority of Ethiopians.)
Related to this dynamic, local cost of living and compensation differences aren't taken into consideration, either. You can live large on $250K/yr. in Omaha, but $250K/yr. would be considered middle class in Manhattan, San Francisco or Seattle.
Accordingly, it's dangerous, sometimes pointless to generalize. Unfortunately, too often we use these definitions/buckets to rationalize taking and redistributing from people who have more than we do, simply "because they can afford it." We even try to convince ourselves it's "fair" to do so. But how fair would we think it was if the UN came in and said we're taking half of any income earned over $1,000/yr. and redistributing it across the planet because the world voted and said it's the fair thing to do?
I'm not sure which is worse: the politics of greed, or the politics of envy...
Rob,
You can't have a pie chart without a pie. You have a point lets say bailout those of 100k to 30k. Then rewrite the tax code completely!
Shaking and moving everywhere would open great opportunities for all.
A shot of HGH (Human Growth Hormone)
MDB: "lets say bailout those of 100k to 30k"
Okay, and from whom should we steal the money to pay for it?
Rob,
The one thing that has been proven over the last 40 plus years, is; Trickle-Down economics don't work. That has been proven over and over again. I see your point with the "grey" areas, but you are looking at MDB's perspective from the wrong angle. The Bailout already happened, but both Bush and Obama had the wrong group in mind when they distributed the money.
I agree with MDB that if you stimulate the Middle-class, we all benefit. The wealthy and corporations don't allow the "Trickl-Down" concept to work, because the money goes into their portfolio and not into the economy. Corporations don't hire new employees or use the money to increase the benifits of their current employees, unless they are at the senior leadership levels.
The Middle class put the money into the economy, and that has been proven, also. By buying goods and services, the economy is stimulated and jobs are created. I would, however include the poor in the equation. Though I would have to vet the people who receive the money. Not through a credit burough...they need to be eliminated, or at least be held accountable for how and what they are reporting.
Ok rob,
lets get the pie again now we need this many tax dollars. How do you slice it? A lot easier to do when the economy is producing don't you think?
It would be an investment that would produce a substantial return!
There are alot of good ideas floating around both parties that would work well with this concept. It could break the political divide.
Doing nothing is too late due to the first bailouts. Now we face stagnation and depression. Screw recession. It is all dominoes!
Not to mention the aging population.
When the financial collapse first happened and all that money went into the pockets of banks, big corporations, insurance companies and the auto industry, I sat back and wondered why those particular entities got all the money? They screwed us over with their greed and ineptitude and instead of being allowed to fail they were rewarded. They knew that no matter how stupid, venal, greedy and downright criminal their actions were, they were guaranteed to get bailed out.
Looking back on the TRILLIONS that went into their pockets and looking at what is happening today, essentially the same sh!t, why aren't we taking to the streets in mass protest? I'm not talking about the weenie little ho hum protesters currently flailing away at Wall Street, that's a show. NO, I'm talking about us everyday working stiffs who have been and continue to be stiffed by our politicans and the Federal Reserve and the banksters, et al. They thumb their noses at us, mumble platitudes, orate and make empty promises in re-election bids, while screwing us over yet again.
Military Man,
I wouldn't include the poor. Competition is what we need to promote! I am saying lets drop some ladders open some doors lower some ropes.
Remember I am Poor! Dirt has more financial value than I currently have.
Truthfully I think it would be great if companies allowed people to compete for already employed positions, why wait for a vacancy!
I'm not clear on how you can argue "trickle down" economics don't work. We've created a society where any homeless person can walk into a hospital and get medical attention. In the African backcountry, even those who are well off (by backcountry Africa standards), don't have that option. We've eradicated Polio; it's still popping up in rural Pakistan.
Again, these things are all relative. A homeless person here might think they're quite well off, if they didn't have a suburbanite living in a 4,000 square ft home to compare themselves to. So, it's only because there's someone out there better off than we are, that we think they should be forced to contribute disproportionately more to society "because it's only fair." Seems to me it has very little to do with fairness, much more to do with one of the ugliest of the deadly sins, Envy.
Don't get me wrong, I too believe the middle class needs stimulus, but I don't believe anything sustainable comes from simply throwing money at the middle class. I do think government bureaucracy has reached the point where too many feel it's not worth the trouble and expense to go into business, or enter into industrious endeavors. Regulation hasn't burdened bankers and oil companies (they just lay off employees to compensation for any additional expense), so much as it's choking initiative and risk-taking across our entire society. It's the middle class that ultimately suffers most for that, either directly or indirectly. By way of example, it's one of the ironic results of all the employment rules that have come into play over the past 70-80 years. It's demotivated companies from hiring people. Mandatory maternity leave? Better hire fewer young women. 6 weeks paid vacation, and 100% medical coverage? Better invent a robot to replace those 10 guys on the assembly line. But many would argue that all these rules were necessary to prevent companies from exploiting their employees. And that's fine, it's just that there has been a broad cost to society as a result - fewer jobs.
So fedup with the media publishing every single bit of potential bad news about the economy. They know the influence they have on Wall Street: one little bit of bad news and everybody runs to sell. Of course, they have already sold at the high prices just before they publish the article, then those media monguls start buying up stocks at really low prices and just sit back and get richer as Wall Street begins to recover. I can almost guarantee this is what is happening and SOMEBODY is getting rich off these highs and lows. The American public needs to get out of "panic mode".
Who knew that Wall Street is such a bunch of emotional sissy's. Boo the market drops, nothing is ever the streets fault no it's always someone else's, what a load of garbage. Wall Street is in charge, ergo they are responsible, not the little people, you're a tool.
How much you want to bet that the Dow will stay down for most of the day and miraculously recover to a slight gain at close?
That's an easy call to make. Since early August the market has been trading on technicals, not fundamentals. And yesterday we bounced off a strong technical bottom of 10,600 on the Dow. We've now had two significant tests of 10,600 on huge volume, and both have failed to take the market lower. Which means we now have a fairly good idea at what level the institutional traders have decided they're going to buy based on current data. There will probably be another test in the next few days or weeks before we say goodbye to these levels for the duration of this cycle, but at least the downside looks very limited right here.
The Obama administration receives another vote of "No confidence."
Listening to Jack Welch this morning on CNBC made me want to puke. The complete meltdown of the 2007 is somehow the fault of consumers? It was OK to bailout Corporate America but any mention of consumer protection or questioning outsourcing or falling wages for everyday workers is Socialism.. The Me first pigs are in full rhetoric mode..
ATTENTION ALL PLANETS OF THE SOLAR FEDERATION!
ATTENTION ALL PLANETS OF THE SOLAR FEDERATION!
WE HAVE ASSUMED CONTROL!
The consumers need jobs to buy The bail out of corporate america did not help maybe Obama should bail out the consumers....!!!
Too many people blame ALL those people that just wanted a better home, know they couldn't pay it back, or those that bought to much home then lost their jobs. But who facilitated this giant PONZI ? The banks and morgage companies. The are more guilty then anyone else. They knew better and the greed caught up with them till the Gov. came around a saved their butts with our money, But who saved the people that lost it all no matter the reason? NO ONE. And this Stock market playing and this global economy invention has benefited only the large rich investors, allowed by the politicians who have been in on it since the ground floor.
Ground floor being when ? 2008. Come on who really elected Obama? the people ? bs. you think he got that $275M + from the poor and middle class? It was a set up all around. Get McCain to bring in the dumbo for VP and just let Obama get elected with a little bit of his friends $$$$$$. ( large corp and rich people)a sure Recipe for disaster and it worked. And by god they are trying to do it one more time. And I am sure it will work just like before, we just don't who they have picked this time.
It is too bad our so called Elected officials in Washington,DC can't get their act together and straighten out the country.. Maybe our problems started with a couple of adminstrations ago but Our Man in the white house now an then the republicans and the Democrats are really not helping... But what can the american voter do.. It is no longer a governmnet of the People and By the People it is just a bunch of so called politicans who can't get along and it is that way all over this country and overseas!!!!!!!
Why do we act like this is complicated? The history of these recessions is well known. The ONLY mistake government can make is to listen to conservatives. They worry about deficits and try to tighten fiscal policy. Thay try to cut government when this is when you need government most. They are ideologues, ignorant of history and the facts. This causes depressions. Every time. The 1st critically important task is to focus on stimulus. Yes, the effort to put money into the system by traditional means failed. Why? Banks are out of control, no longer dependent on savings and loans, they worry about their shareholders and their jobs. Their role has been corrupted. They are sitting on the money. You truly have to put money into projects. Government projects, incentives for business, etc. But, unless you vote the Tea party back into the 18th century, this can't happen. You've got the vote folks. Vote for economic suicide (Republican) or vote for a path out of this. Recessions are a fairly normal phenomena. Radical politicians, driven by stupidity, bigotry, hatred, ideology, are not normal. If you must vote Republican, at least recognize the insanity that is the Tea Party.
Bill,
In theory I support government deficit spending in a downturn, but the problem is I have zero confidence in our governments ability to wisely spend the stimulus money. I don't want to wind up like Japan where they've done stimulus after stimulus and succeeded in keeping their GDP going, but now have a a debt level more than twice the size of GDP (this was info from before the Tsunami).
Show me a real deficit reduction plan that cannot be easily changed in the future, and I could support a detailed stimulus plan for the short term if it focuses on projects that will result in long-term private industry growth. Until that happens, I'm with the TP because I'd rather have short term pain now, than a complete economic collapse in 10 years when the rest of the world turns off the credit.
Bill...."The ONLY mistake government can make is to listen to conservatives. They worry about deficits and try to tighten fiscal policy."
Vast majority of Americans are worried about deficits (and the debt). And many KNOW that part of the long term solution requires tightening fiscal policy. They current 'spend like there is no tomorrow' philosophy, by both Democrats and recently Republicans (RINOs actually), is what got us into this mess.
Just curious, what do you do when your debt gets out of hand, keep using the credit cards, or tighten your belt and reign in spending?
Big banks are not only sitting on trillions, they have been getting billions in 0% loans to play the market. The pigs have been manipulating the commodities market and driving up the price of gas. In short, they are using our own money to rape us. Nothing is being done to stop this insane greed and usury that is destroying America.
I'll be getting out as soon as the market levels. I'm finished with this BS. I haven't made a dime in 10 years.
Lost so much that it took 6 years to get back to where I started and then the Debt Ceiling Loonies came to call and then the rest of the world went to shXt..
I made more in a savings account than on the stock market in 10 years
Hear Hear!!! I am with you. My 401k is up 4% in 15 years. What f'g joke. I'm done with this is over.
Suit yourselves, guys, but this isn't the first time markets have been flat after 10 years. It has happened twice before in our history, and if the pattern continues it would indicate a roughly 33-35 year cycle between occurrences. We also know what happens after these cycles complete...extended periods of outsized gains. People think Warren Buffett earned his money slowly over time, but the reality is he amassed most of his fortune during a very finite time, and that time was immediately after the last time we went through one of these cycles. I can't predict the future of course, but what we're going through isn't as unique as the media would have us all believe.
That may be true Barry, but what advice do you have for people near retirement, whose savings have been devastated, and now they have no time to recover their losses? Guess they're just screwed.
This market is totally rigged. In the one year I know about , The Saudi royal family made 250 billion wile 401ks were tanking. When the CEO of Disney made 600 million in salary and God knows what in bonuses, he had children working in Haiti for 12 cents and hour. Does anyone think such people want give vital information to big investors for a price.
The big lump of public money is the social security fund or payroll tax. That's why the pigs want it in the market. They would steal the smell out of deification. Big banks with trillions in assets have been getting billions in 0% loans to play the market. The low life scum have been driving up the price of gas on our hurting people by manipulating the commodities market.
Greed and deadly corruption on a large scale is out of control , just as it was in the roaring 1920s. If we don't demand and force real change, we will soon be in depression and chaos.
Frank,
Honesty and integrity don't have a place in modern politics or business. You can't get rich "honestly", unless you have a particular skill or talent that "entertains" people and they would be willing to pay for it.
Blue collar incomes are going away, not that anyone gets rich as a manual labor employee. Since most of those jobs are going overseas, I guess we'll have to wait until Bangladesh unionizes and they start demanding higher salaries, maybe then our jobs will start coming back to the US.
Let's just do what the Republicans want...
Nothing... :)
no comments........................................
It's not entirely the government's fault our country is in debt. As Americans, we need to spend our money on American products, keeping it within the American economy. What good does a government stimulus do when people just spend it all on foreign products? That money doesn't circulate in our economy stimulating growth; it goes to another country to stimulate its growth. Will it suck only purchasing American products when foreign products are better? Yes. But what else can we do? In the long run, purchasing American products will give American companies more capitol to create more jobs, and spend more money on research and development. Over time, it could be possible that the increase in capitol could mean better American products. When American products become better than foreign products, America will export more, increasing the amount of money in the American economy. But companies can’t just spend moneyAmerican is in debt, we can’t pay off our debt without getting money from other countries. We can’t get money from other counties unless we borrow more money, or find a way to sell products and services that foreign economies are willing to spend their money on. Buy American, and save America.
Champ,
The problem is; How many products are manufactured, assembled here in the US any more? Half the cars designed by US car companies are assembled in Mexico or Canada. The parts are imported from China or Japan.
I buy US labels. When I can find them, but clothing is being made in other countries, but still have the US label on them, so you don't really have any idea if you are buying US or Papa New Ginea products.
How about FIRING everyone in the White House it's time for us to force them into paying into the system, including Social Security, and take all of their perks away, they have already depleted us, but no one is saying anything about cutting back on their salaries, and perks! If America cannot afford it, then we cannot afford to continue providing them with our tax payers money! We just cannot walk down poor covering the benefits of Government lifestyle!
Cheryl,
So if I understand you're written words; you feel that the people currently residing in the White House do not pay any taxes on their income? Please cite specifics supporting this. Last I knew, Obama along with every other past sitting President has submitted publicly, their holdings as well as their annual income for public scrutiny showing the amount of tax that they pay. I'm sure this goes for every other person in the White House from Obama to the guy who mows the lawn while wearing a suit and dark sunglasses.
Great! 150 more points off the DOW and the latest "armegeddon crisis" will be over. Then it's buy time again!
Why doesn't MSNBC cover the demonstrations that have been going on all week in Wall Street? The crowds protesting the looting of the economy and treasury by the financial sector are larger and more on point than the tiny Tea Party gatherings that have received so much press during the last 3 years. Are the traders selling off the market really worried about Greece or shaken by the angry people outside their place of work. Or concerned about having to prove they are part of the financial industry to walk public sidewalks and streets downtown there?
Wall Street investors believed that they could make loads of money overinflating tech stocks
They then tried over inflating real estate values.
They then tried insuring away all risk so they could sell securitized assets created by selling to people who probably couldn't pay off the loan, but could recover by selling their over-valued property to someone who could sell it to someone else at ever increasing prices.
They then tried to buy oil and commodities futures in the hopes that bidding them up would be the road to unlimited wealth.
Now you get to watch them sell high so they can buy low at a later date. That's a real winner!
Just more stuff to stir up the masses.
Just more stuff to stir up the masses.
And this is only the beginning.... when the GOP says their favorite president was Calvin C. you know what followed him.... the Depression... and the GOP is leading us there.... of course the pols and the super rich (see how they made out during the Depression) will always do fine... it's the rest of us that are screwed!
This time, they will have no place too hide. In the great depression people were use to hunger. Today's middle class will not take well to soup lines and the world will not have the pigs that are causing this chaos.
It's Obama's fault!
The world has changed and we in the US refuse to change with it. We are NEVER going back to the days 'of old'. We MUST compete with China and India and other emerging economies. Our labor contracts paying high wages for minimium skills are killing us. Six billion people in other parts of the world now are starting to have choices as to where to spend their dollars; and it's not for US goods. We MUST address this changing world. There are no easy answers.
This fear loop is both overblown and opportunistic. I'm disgusted by what turns our crank as Americans. We're like moths to a flame. U.S. businesses have healthy balance sheets and are rolling in cash, evidenced by all of the stock buy backs and rumored dividends (new & increased). Even U.S. banks are in better shape today than our Euro counterparts. They know that once this Euro crisis has settled and gold-diggers take profits, their cheap stock will price back tenfold. Businesses are getting good production from the staff on hand, looking at M&A possibilities, and stalling attempts at "real" hiring until they get a business friendly government. BTW - if/when the Repubs are back in 2012, they'll look like Rockstars when businesses all-of-a-sudden decide they want to hire and repatriate jobs at a much faster rate. Once again...big business is profiting and the majority of middle class is not in the form of unemployment and violent swings in our 401k's. On a positive note, we do have control over how our money is invested. Diversification is crucial and age specific. Keep on top of your money and talk to a professional. Don't sell low and buy high...or you'll be digging a hole to an emerging market.
The rich are causing inflation among the essential things that the working poor need. Food and energy. They basically scalp our food and gasoline via commodities trading and hedge funds. The investment class are nothing but low life scalpers who legally steal from the poor. Is shameful.
The amazing thing is that commodities trading and hedge funds are the root cause of inflation but the common person is blaming government spending on infrastructure.
sutter: Exactly right. greed by the moral and spiritually bankrupt is destroying America.
Where are the import/export tariffs that we used to have to protect American workers from foreign competition and loosing American jobs? Our current politicians and economists seem to be oblivious to protecting anything made in America, or the very jobs, that our economy depends upon! {:-()
Don't just fire everyone in the white house but every one in congress and the senate. Cut all salary in haff cut out Perks . Take away those plane trips . take away those Cell phone . Stope sending all the free aide to other countrys and take care of our own people . American does not know what the word Christian means. send Money to all other countrys and forget the peple in the USA. That a christian I never be one. Let the country go bankrup and maybe some American will try and work together I was born in the USA and I don't colect Food stamps and get free driven Licens and Housan and Unenplowyment just becaus I come from some other country and let the American starve. I said it I mean it Fire them all
Good, let it all fail, let it all collapse. It won't get any better unless the scum-sucking leeches die off. No more will people be trading on the welfare of others. Speculative trading will vanish, that's right, you won't be able to buy and purchase pretend stocks based on what you think will happen anymore.
Why don't we enforce our minimum wages on public owned corporations wherever they go? Why do we allow The CEO of Disney to make 600 million in salary and God knows what in bonuses while he had children in Haiti working for 12 cents an hour.
We have a corrupt to the bone financial and corporate system. There is nothing the won't do. They own our government the media and the empty minds of many. I hope we come together and force change before it is too late. America in depression and chaos will not be a pretty sight.
I've wondered about this. If you want to be an American company, you should follow American labor laws no matter where you set up your factories. (or local laws if they are more strict.)
American safety regulations, American minimum wage, American benefits. Otherwise you're not an American company and shouldn't get American tax benefits.
Of course then they just wouldn't bother moving overseas. The only point is to take advantage of cheap labor.
Which means they'd be making jobs back here... but it also means we'd have to deal with higher prices on pretty much everything.
I'd be willing to make that sacrifice.