re: ARE TOOLS MADE OVERSEAS OF POOR QUALITY AND IF SO WHO'S TO BLAME

The big box stores like Wal-Mart are refusing to buy products unless the manufacturers lower their prices. Ultimately quality and / or the location of manufacturing have to change. Look at Levi’s – to sell in Wal-Marts they had to close manufacturing in Colorado and move it to China.
I would assume this is what is happening to tools like we use.
It’s about price, not quality. It’s about profits, not quality.