it has to do with the "snob" factor. Some people feel they have to justify spending $$$$$ for their stuff. And unless Squier starts charging $$$$ for their guitars, there will be snobs who will look down on Squiers.
BUT so what? Who cares?? I'm using a "custom-built" bass that an acquaintance built for me with a Squier P body, Fender MIM fretless Jazz neck, and a Dimarzio DP122 P bass pickup. And ya'know what??? The bass feels great in my hands, and sounds even better when other bass players use mine at our blues jams!
Don't worry, be happy!
Agreed... TBC basses would probably have more "respect" if Jack charged $1000 for his totally hand made in America instruments. But since he charges about $400 they fall into the "good for the money" catigory. The main beef I see is that, again, electronics seems to be the issue. And look at Peavey. There are a lot of people that will choose a Cirrus over anything else. Granted a USA Cirrus isn't cheap the name is still hard to get passed for a lot of people.
It all comes down to the player. A piece of crap in the right hands will ALWAYS sound better than a $20,000 Alembic in the wrong hands.