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Agree, I would rather buy a good tool/item once in this case for about $200 rather than keep buying "cheap" $50 tools every other year. 
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Not only that but batteries always lose their ability to hold a charge a little bit more every day, in use or sitting in the closet. Cords, well even if you cut them in half, they are easily repaired. 
I buy Dewalt, most of the time I buy the medium duty ones. I also do my best to by as locally as possible. Dewalt is generally made in Mexico. B&D, Craftsman(power not hand), etc are now all made in China. Besides not being as local, I also prefer not to give my $ to Communist countries. I'd prefer to buy American, but have not yet seen any quality power tools that are American made anymore. Although buying used/good power tools at garage sales is a good way to do it, keeps the local economy going, etc. I got a decent Hitachi chop saw(made in China) just 1/4 mile down the road for only $50.