Friday, August 12, 2011

Care About America? Buy American

Apparently, ABC News and Diane Sawyer have keyed in on the idea that one of America's biggest problems is that Americans don't buy products made in America .... and, of course, America doesn't make enough products. In a recent report, Sawyer explained that if Americans simply focused on making sure that they shifted their spending by $20 week to specifically buy American products, the result would lead to the creation of hundreds of thousands of jobs. Certainly, choosing to buy American is not a bad idea. And, it's not that difficult.

I tend to agree with this sentiment. That's why I have never owned one of them "foreign" cars. Every car I've bought from the time I was sixteen has been a Ford, Chevy, or GMC. And, of course, I hear a lot of the flak from other consumers about the superior quality of German or Japanese cars - but I don't buy it. And, don't try to explain that your Honda Civic was "made in America." If it's not an Ford, Chevy, or GM, then the profits are going abroad, and it's not helping the American economy. I apply the same logic to food purchases as often as I can. When my family goes out, we often do so in my own town. When I fill my tank, it is always in Greenwood Village. Whenever I can buy produce at a farmers market, I do so. It helps the local economy - and the local tax base.

Thus, my conclusion is that if any American voter out there is truly concerned about the state of our economy or debt or deficit or unemployment, then he should make a concerted effort to by American and buy all natural and local whenever he can.


Anonymous said...

The bit about cars being American or Japanese or whatever is a little silly. As you hint, you can't tell where a car was assembled or where its parts were sourced by the brand name. Similarly, you can't tell where the profits of a corporation go based on the location of the home office. I used to be a Volkswagen stockholder. Colorado's PERA, to which I assume you contribute, says that they have 57% of their assets invested in "Global Equities."

Whether the home office is in Chicago or Tokyo makes little difference with respect to multi-nationals.

mmazenko said...

Disagree with you on this. Granted, multinationals can and do move money across borders. However, there is a hope that an American company will have a vested interest in supporting the American economy. The basic idea is that while Americans buy cars from all over, the Germans and Japanese almost exclusively buy native cars. In those places, executives are a little more aware in terms of taxes and social programs about keeping money close to home. I feel better about buying a Ford made in America than a Subaru made in America.