HUGGY
I Post Because I Care
The American entrepeneurial spirit is alive and well thank you. But it needs a more conducive environment to thrive in, and right now such is not the case under Obama's mismanagement.
I agree to a very finite point. I am an inventor and a CNC machinist so I know quite a bit about the hands on process of manufacturing. I have worked in several machine shops and even been farmed out to do piece work for some of the best customers on the planet. I helped design and manufactured and installed all of the computer controlled window blinds, shades and other window treatments for the Bill Gates compound in Media.
The bottom line is that in our system the customer is king. Nothing is made that is not wanted and purchased. In the past that has been a symbiotic relationship here in the USA. That relationship has foolishly been destroyed. Big business only see their responsibility is to provide products for sale and profit for their stock holders. They have totally disregarded their responsibility to keep and sustain the viability of American workers as customers for these products. Just keep selling shit and let the masses figure out how to pay for it..it just isn't their problem.
Now we gain productivity mainly through speculation and bubbles then act all surprised when our gambling ventures collapse. What is rarely talked about in regards to the last collapse was how many of the people that owned houses in the last bubble refinanced their property to extract their make believe profits AKA equity as supplement to stagnant wages or loss of employment. It will be a long while, if ever, before THAT well can be drawn off of again.