US Manufacturing Strong?

Discussion in 'Economy' started by GHook93, May 28, 2009.

  1. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    Best article I have read in a long time about US manufacturing! Why most people think US manufacturing is dead is because of the "Wal-Mart Factor," something I am personally guilty of many times myself. But read this article and you will see we are still the manufacturing kings. I still think more things need to be done to increase manufacturing stateside, such as the fair tax, but things aren't as bleak as they appear or as Sealybobo who nevertheless state in this thread. In fact if we did what many of the left state and shift to protectionism then we would be hit hard by it.

    I'm I blind that the manufacturing sector in America has taken a hit. No! However, the manufacturing sector worldwide has taken a huge hit because of the world recession, including China.

    The myth of US industry's demise - MSN Money

    Key Highlights of the Article
    Here is the perception:
    The largest world producer is American over 1/5 of the worlds goods are produced here. That is a heck of a lot larger than China who is a little over 1/10, which another high wage country, Japan, right on their backs (funny how the 2 countries economies we built up after WW II are 3 and 4 respectfully on the list.
    Where Chinese manufacturing growth has come from!
    Here's other evidence of the strength of the U.S. manufacturing base:
    Yep there are some cold hard realities we need to embrace also!

    If the U.S. is still the world's greatest producer, why do so many people have a different perception?
    The Key Behind US Manufacturing Strengthen
    Why do so many U.S. companies still make so much stuff on their home turf when cheap labor beckons abroad? The 3 advantage of being state side!

    I by no means say that our manufacturing sector is not in trouble and the US government should not do something to strenghten it. I also don't think we should just concede small manufacturing goods to China, India and Mexico. Rather I think we need to create incentives like relaxing counter-productive regulations, reducing the corporate tax, reducing the payroll tax, reducing taxes in general (actually I in favor of elimating the corporate, income, payroll and capital gains tax and replacing it with the fair tax) etc. However things are not as bad as they seem!
     
    Last edited: May 28, 2009
  2. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    10 big companies that haven't quit on the US - MSN Money - Slide Show

    Note: that all these companies are global leaders in their industries. THE GLOBAL LEADER!

    (1) GE
    (2) Brunswick - Boats
    (3) Harley - Motorcycles
    (4) Boeing - Airplanes
    (5) Dow - Chemicals
    (6) Caterpillar - Heavy Machinery
    (7) Hershey - Chocolate
    (8) Pfizer - Pharmeuticals
    (9) US Steel
    (10) Fender - Musical Instruments
     
  3. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    Why does a thread like this filled with facts get ignored by the libs who scream hysteria!
     
  4. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,776
    Thanks Received:
    3,200
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,227
    How come the trade imbalance then?

    Despite headlines about low-wage workers in China and our factory jobs going to India -- which has happened in a lot of industries -- the U.S. is still far and away the biggest manufacturer in the world.

    How come we went from the largest creditor nation to the largest debtor nation?

    I am calling BS on this story.

    I think you might be fudging the numbers. For example, if Ford sales in Europe count, then those jobs are not in America.

    What about all the people in the Big 3 who lost their jobs? And all the suppliers?
     
  5. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,776
    Thanks Received:
    3,200
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,227
    The recession is taking a harsh toll on corporate America as companies continue to scale down their operations and lay off workers in response to reduced profits.

    Harley-Davidson on Friday became the latest U.S. corporate icon to announce lower profits and job cuts. The Milwaukee, Wis.-based motorcycle manufacturer said it will reduce its operations and cut 1,100 jobs over the next two years, though 70 percent of the layoffs are expected this year.

    On Tuesday, IBM reported a 12 percent increase in earnings for the fourth quarter of 2008 compared with the same period in 2007. But the next day, the company began to lay off workers in what union officials estimate will amount to 2,900 job cuts.

    General Electric announced Friday that fourth-quarter earnings fell 46 percent. Chairman and Chief Executive Officer Jeff Immelt said that he expects 2009 to be "extremely difficult" for the company.

    Are GE's products made in the USA?

    Harley-Davidson Sets Layoffs; GE Profits Plunge : NPR

    Do you know what? This article stinks just like back in 2005 when you guys were saying the economy was great!!

    Fuck this article. It defies all logic. Again, I call BS on this. Of course they have some jobs in America still. Do they have enough? Are they laying peopel off? Are they cutting wages?
     
  6. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,776
    Thanks Received:
    3,200
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,227
    To be sure, this recession hasn't been easy on manufacturers or their workers. Hours have been cut and workers furloughed. Since December 2007, 1.6 million out of the 5.7 million job losses in the U.S. have been in manufacturing. But the big picture isn't all bleak??

    No, because the corporations can renig on pensions and cut wages. Its called disaster capitalism.

    What became of the 1.6 million people who already lost their jobs?

    Are they the last to lose their jobs or are more to come?

    Why isn't the big picture bleak? What is the silver lining? When are wages going to go up? I thought Obama was going to bankrupt the economy? Now you say things are going ok? Wow!! 180!!!
     
  7. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,776
    Thanks Received:
    3,200
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,227
    States with the most factory jobs are California, Texas and New York

    - Big export categories ($1.3 trillion last year) are heavy-construction equipment, turbines, locomotives, nuclear reactors, aircraft and aerospace equipment.

    News of the U.S.’s Demise May Be Premature

    How many people do these companies employ and how well do they pay?

    And so should we continue to send more jobs out? Have we gone too far yet?

    I say we have. Just look at unemployment and wages.

    And you can't say companies aren't unfairly cutting our wages because otherwise, corporations would have shared some of the profits they made in 2005. Instead:

    Workers' Wages Down, Corporate Profits Up

    Political Affairs Magazine - Workers' Wages Down, Corporate Profits Up
     
  8. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    10,392
    Thanks Received:
    1,858
    Trophy Points:
    280
    Ratings:
    +5,051
    This does not account for companies like Maytag which closed it's doors here in Iowa after it was bought out by Whirlpool who in turn is shipping the jobs over to China. Or Siemans who closed their factory in Iowa moving south and then closing their southern plants also to send the work overseas. Or the sewing factory here who just in the last few months sold the clothing factory to an overseas entity leaving this local town near where we live with no factory jobs. Ten companies mean nothing to the millions who have lost their jobs in the last few years to companies taking the work out of this country. Ten companies do not make up for the thousands of other companies that have closed their doors here in the USA while corporates and politicians give away these people of this country the freedom of choice to sell, buy, work and live here in the USA with goods manufactured here in the USA. The stripping of the nations wealth for a few to profit is not reasonable nor can just a few companies sustain the freedoms our parents and their parents and their parents parents worked and died for.
     
  9. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,776
    Thanks Received:
    3,200
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,227
    It should say the 10 companies who haven't COMPLETELY given up on the usa YET.

    And the funny thing is, all these companies have cut wages or sent jobs overseas.

    Harley can't. That's their thing. They are American made.

    And are these right wingers suggesting our steele industry isn't in trouble?

    As recession spreads across the world, steel prices are falling and throwing the iron and steel industry, which is critical to global infrastructure of all kinds, off balance. As the industry struggles, geopolitical challenges will arise for the states that depend on it most heavily.

    Free Article for Non-Members | STRATFOR

    I don't want to have to post a link to everything I say, especially when the righties don't give links for any of their bullshit.

    Or they find this one article that has maybe 100 holes in its story.
     
  10. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,924
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,932
    Oil contributes huge to the trade deficit, but as a liberal you ignore that. We still consume more than any other country so that could be it also.

    But don't deny the fact hard numbers in the story, even through I know you are good at that sort of thing!

    Ford sales in Europe don't count, since this is products made stateside.
     

Share This Page