Deindustrialization of America is real and anti american that should blow minds!

Discussion in 'Politics' started by merrill, Jan 30, 2012.

  1. merrill
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    merrill VIP Member

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    Deindustrialization of the USA
    19 Facts About The Deindustrialization Of America That Will Blow Your Mind

    The following are 19 facts about the deindustrialization of America that will blow your mind....

    #1 The United States has lost approximately 42,400 factories since 2001.. About 75 percent of those factories employed over 500 people when they were still in operation.

    #2 Dell Inc., one of America 's largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.

    #3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem , North Carolina in November. Approximately 900 jobs will be lost.

    #4 In 2008, 1.2 billion cell phones were sold worldwide. So how many of them were manufactured inside the United States ? Zero.

    #5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

    #6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.

    #7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.

    #8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

    #9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.

    #10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul , Minnesota . Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.

    #11 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.

    #12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.

    #13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.

    #14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.

    #15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

    #16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.

    #17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States .

    #18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

    #19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.
     
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  2. merrill
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    merrill VIP Member

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    So how many tens of thousands more factories do we need to lose before we do something about it?

    How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?

    How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?

    How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide?

    The deindustrialization of America is a national crisis. It needs to be treated like one.

    19 Facts About The Deindustrialization Of America That Will Blow Your Mind
     
  3. merrill
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    merrill VIP Member

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    The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing.

    It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions to airplanes.

    It was the great American manufacturing base that crushed Germany and Japan in World War II. But now we are witnessing the deindustrialization of America. Tens of thousands of factories have left the United States in the past decade alone.

    Millions upon millions of manufacturing jobs have been lost in the same time period.

    The United States has become a nation that consumes everything in sight and yet produces increasingly little. Do you know what our biggest export is today? Waste paper. Yes, trash is the number one thing that we ship out to the rest of the world as we voraciously blow our money on whatever the rest of the world wants to sell to us.

    The United States has become bloated and spoiled and our economy is now just a shadow of what it once was. Once upon a time America could literally outproduce the rest of the world combined.

    Today that is no longer true, but Americans sure do consume more than anyone else in the world. If the deindustrialization of America continues at this current pace, what possible kind of a future are we going to be leaving to our children?


    19 Facts About The Deindustrialization Of America That Will Blow Your Mind
     
  4. Ed Spacer
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    Ed Spacer BANNED

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    Very interesting,globalization and lack of pride and communist policies created to limit industrial production is the cause. Obamas fulfilling his marxist dreams.
     
  5. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    So, maybe we should lower taxes and deregulate and kill the EPA, maybe we can re-industrialize.
     
  6. merrill
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    merrill VIP Member

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    The Wall Street Vampires

    During the entire decade of the 1980's, the policies of the Reagan/Bush and Bush administrations encouraged one of the greatest paroxysms of speculation and usury that the world has ever seen.

    Starting especially in the summer of 1982, a malignant and cancerous mass of speculative paper spread through all the vital organs of the banking, credit, and financial system.

    Capital had long since ceased to be used for the creation of new productive plant and equipment, and new productive manufacturing jobs; investment in transportation, power systems, education, health services and other infrastructure declined well below the break even level.

    Wall Street investors came more and more to resemble vampires who ranged over a ghouilish landscape in search of living prey whose blood they could suck to perpetuate their own lively form of death.

    Industrial employment was out, the service sector was in. The post-industrial society meant that the production of tangible, physical wealth, of hard commodities, within U.S. borders was being terminated.

    The future would belong to parasitical legions of lawyers, financial services experts, accountants, and clerical support personnel, but the growth in the balance of payments deficit signaled that the game could not go on forever.

    On the surface, wild speculation was the order of the day: there was the stock market boom, which underwent a crash in 1987; but then, thanks to James Brady's drugged futures and index options markets, kept rising until the Dow had passed 3,000, although by that time no one could remember why it was still called the 'industrial' average.

    The stock market provided the right atmosphere for a much broader speculative boom, the one in commercial and residential real estate, which kept going until almost the end of the decade, but which then began to crash with a vengeance.

    When real estate began to implode, as in Texas at the middle of the 1980's or the northeast after 1988, savings banks and commercial banks by the scores became insolvent.

    Thus, by the third year of the Bush administration, a bankrupt Savings and Loan was being seized by federal regulators on almost every business day, and Congressman Dingell of Michigan had to announce that Citibank, still the largest bank in the USA, was indeed "technically" bankrupt.

    Depositors in Hong Kong started a run on the Citibank branch there; their U.S. counterparts were slower to react, perhaps because deluded by the pathetic faith that the Federal Deposit Insurance Corporation (FDIC) could still cover their deposits.

    http://modernhistoryproject.org/mhp?Article=BushBook&C=19
     
  7. American Horse
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    American Horse AKA "Mustang"

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    Eliminate the corporate income tax which would end all tax loopholes in a single act ending market distortions, pass through corporate income directly to wages, tax it there, and the US, because of its productivity and efficiency, would be at parity with the rest of the world for production costs and domestic prices. Manufacturers would rather manufacture here for products bought by Americans, if just for logistical reasons.
     
  8. rdean
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    rdean rddean

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    It's part of the Republican Plan.

    Other parts are to destroy education so we can't compete.

    Let our infrastructure fail so business won't be interested in coming here.

    I think they want to turn America into a kind of theocratic plutocracy. But I can't be sure. They won't tell us the ultimate goal. But the effects are clear.
     
  9. American Horse
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    American Horse AKA "Mustang"

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    I have earned a pretty good living, and my taxes were not too high. But they are too high for corporations, because taxing corporations makes moving those corporation's operations and headquarters out of the country more attractive than keeping them here, or than even opening them here in the first place. A 35% corporate rate, which on average may translate to 20%, is a twenty percent handicap, even here, because foreign products are at an advantage in the market. The only US tax on foreign products sold in the US is the tax on the profit of the importer’s and seller’s profits, and that might be the same person; a Wall mart for instance.

    The existence of Tax Loopholes by politicians promoting their social imperatives and not market priorities, skews the tax system, and then creates an illusion the corporations pay no taxes at all; most do, and some which are benefitted by those loopholes may not. All tax loopholes are not bad, by the way. An allowance for accelerated depreciation can encourage a corporation of whatever size to make a purchase sooner rather than later, or to upsize their operation rather than not growing. An allowance for exploration can promote exploration making more resources or products available for markets, and promote new job creation in the process.

    But it should he obvious to anyone who is observant and not eaten up by envy and resentment, (or irrational hatred for that which they don't understand), that taxing corporations is not productive. It amounts to a regressive tax on the poor, and makes our corporations less competitive in global markets, and incentivizes them leaving or not opening here in the first place. Whole industries are lost as a consequence.

    Take the simple case of the recent passage of Sarbanes Oxley: It has increased the cost of new Initial Public Offerings (IPOs) by a million dollars for each new offering in the US markets. Since that has happened the US has ceased being the world leader in new IPOs, and takes a back seat to China.

    New IPO's are the source of whole new industries. We're not encouraging them; we are discouraging them with a kind of upfront tax before they even start up. Therefore these new industries are springing up in China instead of here.

    Quote:
    WSJ - Deal Journal:
    "2009 will go down as the year China ascended to the top of the IPO heap.
    Businesses from the Middle Kingdom accounted for 183 deals in the year. The U.S.? Just 54.
    Chinese companies alone sold $50.4 billion worth of shares, which accounted for 45% of the global IPO volume, according to data tracker Dealogic. The U.S.? $24 billion.
    China International Capital finished as the top bookrunner globally–the first time a Chinese bank had done so. Prior to 2009, a Chinese bank had made the top 10 globally just once–China International Capital ranked ninth in 2000, according to Dealogic."

    [​IMG]
     
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    Last edited: Jan 31, 2012
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Gotta love the left... they strangle off industry and then bitch because industry dries up. These people truly are insane.
     
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