Sad but true.

Seems that the vast majority of politicians are criminal.

Does anyone think we're smart enough to realize this and act on it?

Our country is over $100 Trillion in the hole now....

quote:

Seems that the vast majority of politicians are criminal.

I thought that was a requirement.



"Nobody believes the official spokesman... but everybody trusts an unidentified source." Ron Nesen

100 Trillion? Hmmmm. Could be worse I suppose. Too bad the bulk of that wasn't spent right here in the USA.
After the first 50 Trillion, what's the point in counting? Besides, it's only money. It's not fit to eat. You can't build with it or drive it. It's not practical as a heating fuel or insulation or even as a fabric for clothing.
America has been nullified as an industrial country since very little is actually built or manufactured here. It's a good thing foreign car manufacturers have set up shop in America's southern states to provide jobs for poor Americans who are more than willing to work cheap.

Most of the trillions will be spent in the US. Where we will borrow it is questionable.

The US is the largest manufacruring nation in the world.

quote:

Posted 31 October 2009 02:00 PM Hide Post
Most of the trillions will be spent in the US. Where we will borrow it is questionable.

The US is the largest manufacruring nation in the world.

Is it 20 January 2013, yet!

Is that your opinion or can you actually back up that claim? Bought a pair of American made shoes lately? How about a shirt or a pair of jeans? A radio or TV? A toaster, a DVD player or a stereo? A blanket or bed linens? A clock or wristwatch? Power tools? Dinner and silverware. A cooling fan? A computer? Fishing gear?
Not that it isn't a great thought but what will those trillions you're referring to be spent on here in the U.S.A.? You're just making stuff up again aren't you.

My Allen-Edmond are made in the USA, as are the desert boots and winter boots issued to me when I went to Iraq. So are Chippewa boots and others. My suits are made in the USA, even the Burberry I bought in London earlier this year.

My silverware was and is made in the USA. The processor chips in my laptops were made in the USA, as are most.

"U.S. Still World’s Largest Manufacturing Economy, Manufacturing.Net - October 06, 2009



WASHINGTON -- Despite the worst economic downturn in decades, manufacturing continues to play a critical role in the U.S. economy but is challenged by increasing costs including corporate taxes, health care and pensions, regulations, energy and tort litigation, according to The Facts About Modern Manufacturing released today. The new Facts handbook was produced in partnership by The Manufacturing Institute, the Manufacturers Alliance/MAPI and the U.S. Department of Commerce.

“The facts clearly illustrate that manufacturing is central to America’s economic future,” said Emily Stover DeRocco, president, The Manufacturing Institute. “The United States has the largest manufacturing economy in the world, producing $1.6 trillion in goods annually. America’s global market share of manufacturing has held steady at around 22 percent for 30 years. Productivity growth is higher in manufacturing than in other sectors, holding down inflation and contributing to a higher standard of living. And one in six U.S. jobs is in or directly tied to manufacturing, which still pays premium wages and benefits.

“Manufacturing continues to generate more economic activity per dollar of production than any other business sector in the country. And manufacturing drives innovation by conducting nearly half of all research and development and creating the bulk of technology in the nation,” she added.

“Rising costs, however, are hampering our manufacturers’ competitiveness in a global, interconnected marketplace. Non-production costs add almost 18 percent to U.S. manufacturers’ costs relative to our major trading partners,” DeRocco said.

DeRocco also noted that the United States “is not equipping American students and workers with the right skills needed to compete in the modern global manufacturing economy. We are seeing our global market share eroded, even in high technology areas where we have been dominant. And the trade gap is widening for manufacturers in the United States, indicating a need for strategies to increase exports, promote free trade and level the playing field.”

“In order to recover from the deepest manufacturing recession since the 1930s, it is vital to adopt policies promoting a sound domestic environment for this sector,” said Thomas J. Duesterberg, president and chief executive officer of the Manufacturers Alliance/MAPI. “The Facts shows how new tax, regulatory, energy and trade policies affecting manufacturing will be crucial in the next few years.”

The Facts book points out several major cost drivers that are hurting U.S. manufacturing competitiveness, investment and job creation:

• U.S. Does Not Keep Pace with Falling Corporate Tax Rates
• High Health Care Costs Hamstring Competitiveness
• Regulatory Compliance Costs are Large and Growing
• Energy is Critical to the Industrial Sector

“All of these challenges underscore how manufacturing in the United States is at a crossroads, and the policy choices made today will shape the future of manufacturing in our country. The facts tell us that manufacturing is essential to a robust economy and high living standards. Addressing the underlying pressures that make it difficult to manufacture in the United States and making our economy more competitive should be a top priority for policymakers as the nation struggles to recover from the recession and create good jobs,” DeRocco concluded.

The 8th edition of the Facts book spotlights the latest U.S. government statistics, economic analysis and case studies about manufacturing in America. This resource is available at www.nam.org/facts.


http://www.manufacturing.net/N...-100609.aspx?menuid=