Why is the US govt funding Corporations that had moved to China & had created a joint venture with China?
KOHLER — Gov. Jim Doyle announced Thursday that Kohler Co. will receive more than $1.7 million in economic stimulus funds to help implement new energy-efficient production processes.
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Kohler Co. Enters Engine Joint Venture in China
May 2007
KOHLER, Wis., USA – May 3, 2007 – Kohler Co. has created a joint venture company between Kohler Engines and YinXiang Ltd., for the development, manufacture, marketing, sale and distribution of general-purpose gasoline engines.
The joint venture, Kohler-YinXiang Ltd, based in Chongqing, China will provide Kohler an increased global presence in the worldwide small gasoline engine market and establishes a new cost effective manufacturing location to support the Kohler engine business.
“Kohler has been seeking a strategic partner over the last two years to help us grow our presence in the small engine market and enhance our product offerings,” said Paul Bartelt, President-Kohler Engines.
As far as I am concerned, companies that go overseas to manufacture and bring their products here to sell are not American Companies and should have to pay the same import fees as foreign companies do. Why should I buy their product anyway, they put Americans out of work.
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Where does it say they moved to China? It just said they created a joint venture in China.
Also, compared to all the stupid things they’ve spent stimulus money on, this doesnt’ seem bad at all.
Mom: actually they put more americans to work in the long run. By not having to buy over priced domestic products, americans can save money and spend them on other things. Resources flow to where they are most highly valued, and the economy thrives. If Americans can do the job better at a lower cost then let them. Otherwise it’s all political BS.
References :
Economist
As far as I am concerned, companies that go overseas to manufacture and bring their products here to sell are not American Companies and should have to pay the same import fees as foreign companies do. Why should I buy their product anyway, they put Americans out of work.
References :