I stumbled onto this forum while googling for product review on Neiko Cobalt drill bits since I have never heard of this company before. I actually bought a set of Craftsman 13 piece Cobalt drill bits already couple days ago. It was on sale for $19.99 + 9.75 % sales tax. Then I was searching to buy more cobalt drill bits for future use and searched ebay and Amazon and the Neiko 13 piece drill bit set name came up. Some sellers on amazon actually received some pretty good reviews on this Neiko set. The price on ebay and amazon are about half of what I pay at Sears. So I may gamble on the Neiko just for the price.
Some of the posters here have some very good reasons on why or why not on buying cheap import tools. But some are just outright racist.
The way I look at it, what goes around, comes around.
We buy a lot of their junk tools, they also buy a lot of our junks -- McDonald, KFC, Pizza Huts, pepsi's and coke's made with high fructose corn syrup. Pretty soon they will all end up like Americans, fat and lazy. Their businessmen made tons of US$$ and start pushing up real estate prices, their low paid uneducated workers will start demanding higher living wage because of the increase in living expenses, more medical benefits, more workman compensation, more employment rights, more work strikes, filing more unfair labor practice lawsuits. Their government will start demanding higher payroll taxes, social security taxes, property tax, corporate income tax, more government regulations. Eventually, their production costs get so high that they start shutting down all the factories and start moving production to another third world countries where wages are low. Just like what the good old USA, Japan, Korea and Taiwan once went through.