Featured Advisor
My 30 plus years of experience has provided me with an enormous amount of knowledge to tap into, enabling the opportunity to be a valuable resource and advisor in many unique and complex matters. My Masters in Taxation adds more value in providing necessary tax advise. In my downtime, I enjoy both college and pro basketball and football as well as exercising and spending time with my family.
MY PRACTICE:
Our company mission is to offer services for...
San Diego entrepreneur Alan Uke is resolved that American should buy American products. He is calling on Congress to pass a resolution to make July 1-7 “Buy American Week.”
“Made in the U.S.A.’ products still exist,” he recently blogged on Huffington Post, “and even more companies would have incentive to move operations back if customers began to reward these companies with their purchases.”
One of his initiatives is to create more detailed country-of-origin labels that would identify “where products come from, in what percentages, and whether the U.S. has imbalanced trade ratios with those producing countries.”
Households surveyed in June by Millionaire Corner overwhelmingly said they were more likely to buy American products now than they were before the economic collapse. The top reasons cited were to provide jobs for American workers and to help strengthen the economy.
Respondents were more likely to buy American goods in all but one category. The leading category in which they were likely to buy American is food and beverages. Household appliances were next on respondents’ made-in-America shopping list, followed by furniture, household appliances, clothing, and vehicles.
This will be welcome news for these industries the clothing and food industries, both of which contracted in June according to the latest Institute of Supply Management report released this week. Furniture and appliances both posted growth last month.
The only products on which respondents were neutral on their likelihood of buying foreign compared to American products was consumer electronics, not surprising as the bestselling brands are made overseas. For example, Apple’s iPhone, and iPads are primarily manufactured overseas
“Buy American Week” is currently under consideration. “Small Business Saturday,” a promotion created by American Express in 2010, encourages shoppers to buy locally and support hometown business. It will take place this year on Nov. 24 between Black Friday and Cyber Monday, two of the year’s busiest holiday shopping weekends.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
