🚀 go-pugleaf

Danny Low wrote:
> 
> David............ says...
> >   Thompson Electronics is the owner of RCA.  They are moving because
> >they are losing money trying to compete with other companies that are
> >using the NAFTA agreement to import their less expensive TVs into the
> >USA.
> 
> Thompson Electronics is a French company that has been in financial trouble for
> many years due to bad management and French government restrictions intended to
> maintain employment in France. It is highly questionable to blame NAFTA for
> this move as the company was losing money due to many other causes. Indeed,
> without NAFTA it is reasonable to assume that they would have simply shut down
> the plant or moved it to Asia. With NAFTA some of the money is coming back to
> the USA in the form of Mexican shoppers. The NAFTA plants are all located just
> across the border and the workers frequently shop in the USA because there are
> more shopping centers in the USA and they can afford to shop in the USA.

  They are losing money in the USA because of cheaper TVs coming in here
, many of which come through mexico due to NAFTA.  Thompson is simply
joining the crowd and leaving the country.