rj1

My mistake. I thought you meant cut personal taxes and increase corporate taxes.

I work for a major American manufacturer and the weak dollar is actually hurting us. Why? Cause we offshored a lot of our suppliers. Yeah, I'd prefer domestic too, but welcome to how corporations work, they have to continually look everywhere to improve profits otherwise Wall Street will look bad at our stock.

(That's why everything moved to Mexico for some industries, and the Mexican peso has gone up little to none versus the American dollar despite the American dollar's plunge, so that production's still not moving back.)

Anyway, we have one part for example we assemble that we offshored to India and it saved us $50 per one. We use one of these parts for one of our end units we sell to customers. We make roughly 600 units a day at my factory alone. Multiply that by 300 days' worth of production and we make 180,000 units per year. Multiply by that $50 savings per unit and it comes out to $9,000,000 yearly savings. That's not even counting our other half dozen factories in the United States.

Now, say the dollar goes lower and that original $50 saving per part is now only $40. We're not moving that production back to the United States cause we're saving $40 per part. But we lose $10 of our expected $50 savings per part per unit, which means that the $9,000,000 yearly savings is now only $7,200,000. So in this example, the lower dollar costs my company $1,800,000. This is not a hypothetical, I know this has happened.

We're not receiving any more production cause of the lower dollar either. As any good multinational Fortune 500 company does, we have plants overseas that make those engines, and those plants are responsible for end units in their respective geographic regions by contract.

The price of a gallon of gasoline has tripled in eight years, has gasoline usage gone down any in that timeframe? I don't use oil or its resultant products cause I want to, it's cause I have to.