A Conservative View

Praying that Donald Trump can save Americas freedoms!

Sad Events to Share

No wonder we have so many people without work. What happens when the sharing of wealth mission of the progressive liberals becomes all debt and no assets to share? The real puzzle is why can’t it be stopped?  CB

Here are 19 stunning facts about the deindustrialization of  America :
 
#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.
 
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.
 
And to underscore the above: 11/9/10: The largest private employer in Saginaw, Michigan will soon be the city government of Beijing, as a 104-year-old unit of General Motors will be sold to new owners from China. The $450M purchase received little attention this summer, but it is a landmark deal – the first time Chinese investors have bought a U.S.  industrial operation of such scale and history.

Thanks Wally

Advertisements

Single Post Navigation

One thought on “Sad Events to Share

  1. Over the years, Esue and I have read various written materials from the Conference board. As early as 1970-71 time frame they were predicting that our nation was going to be transformed into a service oriented nation: which implied that manufacturing was to be eliminated.!!! ( and later so stated).
    This was another mechanism designed by the big boys to dumb down our nation.
    P

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: