The beloved Apple products have broken a record of 10 million iPhone 6’s sold on the first weekend of being out on the market. That is good news for Apple, but is that good news for America? Does that money pump money back to our economy? Does it create jobs in America? Unfortunately the resounding answer is a no. Sure the iPhone ideas come from the U.S. but it is mostly made and assembled in countries in Asia. For example the fingerprint sensor was imagined in the U.S. however manufactured in Taiwan. Have you ever wondered why it is that Apple designs in California but manufactures in China?
Tag Archives: Manufacturing
It’s increasingly clear that so-called “free trade” agreements are no longer about trade. They are now global governance agreements that usurp our Constitution and undermine the power of our elected officials. One of the most disturbing aspects of these agreements is that it is not just foreign interests attempting to affect our laws through trade agreements, but our own companies as well.
The Federal Reserve is set to end its economic stimulus program in October, bringing to an end the controversial five-year-old scheme. All of this is unnecessary as we should be focused on rebuilding our manufacturing strength rather than giving more money to the biggest banks.