Surprise Factory Downturn Holds Back U.S. Growth: Economy

[noose4]

We live in the United States of Walmart, factories produce things in China and other third world nations, the only people who benefit from such is the extreme wealthy that the Republican Party exists for. Want to change that dont vote for the party that blocks bills that would punish out sourcing and reward companies bringing back work to the U.S.

GOP senators block Dem ?insourcing? bill - The Hill's Floor Action

 

[thereisnospoon]

Manufacturing in this country peaked in 1979.

Yeah and?
Actually there is just as much manufacturing in this country if not more than ever. It's just done be fewer people. That's due to technology.
Manufacturing, or what people refer to as 'factory work' no longer exists.
Manufacturing is a high tech business. It is almost impossible for someone who does not at least have a background in computers( most companies require at least a tech school degree) to be hired in a manufacturing environment.

The information you have provided here is incorrect. Do you care?

And you thought you could get away with that stupid drive by post. Silly person.

And out of hand denial gets you nowhere.
Why tech manufacturing jobs are coming back to America | It jobs - InfoWorld
Sought-after skills in manufacturing

This is from a company out of Indiana...Skills Certification Initiative
NATIONAL SKILLS CERTIFICATION INITIATIVE

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The Manufacturing Institute, Conexus Indiana and Ivy Tech Community College, along with organizations in 23 other states, are working together to create a consistent national system of industry-approved manufacturing and logistics credentials, the first step towards building a productive 21st century workforce.

In the months ahead, Conexus will be soliciting employer input on the kinds of training that would comprise a meaningful certification system. To make your voice heard, please sign up below - and to learn more about the project, just click on the documents to the right.

 

[thereisnospoon]

We live in the United States of Walmart, factories produce things in China and other third world nations, the only people who benefit from such is the extreme wealthy that the Republican Party exists for. Want to change that dont vote for the party that blocks bills that would punish out sourcing and reward companies bringing back work to the U.S.

GOP senators block Dem ?insourcing? bill - The Hill's Floor Action

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

 

[thereisnospoon]

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

Or could it be that corporate America is parking their cash.

Of course. Any smart business person would sit on their excess cash right now.
Current conditions and the concern over more ham handed federal policies are the main reason business is not expanding.

 

[thereisnospoon]

The Markets pretty much ignored this news...

Well, DXY didn't.

and that would be for what reasons? Oh yeah, those with money will get more, guaranteed by their backers and those they support. Anyone hearing this now?

Your point?

 

[thereisnospoon]

The Markets pretty much ignored this news...

Well, DXY didn't.

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

On target. Despite the cliches.

 

[thereisnospoon]

Damn, I got to get up pretty early in the morning to get ahead of the dude from down under. Does the sun ever set down there?

But I was thinking the same thing. Rethug mantra; cut government spending. Then amazingly, the economy slows and it was partially the result of cuts in government spending........and the asshole rethugs want to blame it again.... on someone else.

Dead thread.

Government only consumes. Government removes wealth from the economy.
It is not possible for government to tax and spend a nation into prosperity. Get that through your head.

Where does the wealth go after theGovernment has their hands on it?
How does it get 'removed from the economy'?
Do they send it to the Caymen Islands or Switzerland maybe?

Over half of it goes to pay for social spending.
That's dead money.
You people freaked about deficits when the GOP was in the majority. Now deficits are just fine.
Here's the reality which people on your side ignore....When taxes and government spending are increased while economic growth is essentially flat, production in the private sector slows resulting in lower revenue streams to government. Everyone loses.
That's the current policy of this administration. That's the policy of the federal reserve. Keep the lid on and kick the can down the road. Let the next admin and Congress deal with it.
Everyone is guilty. Here's the big difference...Obama made a bunch of promises to get the economy growing and "put America back to work"....4.4 years in office. Still waiting for those promises to be kept.
Oh Sure.

 

[thereisnospoon]

Government only consumes. Government removes wealth from the economy.
It is not possible for government to tax and spend a nation into prosperity. Get that through your head.

Where does the wealth go after theGovernment has their hands on it?
How does it get 'removed from the economy'?
Do they send it to the Caymen Islands or Switzerland maybe?

No...that's what "job creators" do. The Government doesn't create jobs, remember?

No...At least jobs that produce anything. Government employment simply consumes the earnings of the private sector.

 

[noose4]

We live in the United States of Walmart, factories produce things in China and other third world nations, the only people who benefit from such is the extreme wealthy that the Republican Party exists for. Want to change that dont vote for the party that blocks bills that would punish out sourcing and reward companies bringing back work to the U.S.

GOP senators block Dem ?insourcing? bill - The Hill's Floor Action

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

Stop voting for the party that thwarts the working class at every turn, why would you oppose this legislation?

 

[AmazonTania]

Manufacturing in this country peaked in 1979.

Employment peaked that year. America was still running trade deficits years before.

WHAT?!! Where do you get this stuff from?
In 1979 we were in the middle of one the worst economic periods in the nation's history. We had double digit annual inflation, gasoline shortages, government mandated wage and price controls and interest rates never seen before.
I bought my first new car in 1980. The rate was 19.17%.
The bls.gov rate for 1979 was 5.8%. However, the year before it was 6.1% and in 1980 7.1%
In other words '79 was an anomaly.

And what exactly does that change?

 

[AmazonTania]

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

Or could it be that corporate America is parking their cash.

They are parking their cash, but this doesn't effect Wall Street at all. It effects everyone else, as there is a large degree of uncertainty.

 

[AmazonTania]

Keep in mind that in 2009 economists predicted that it would take 8-10 years for the U.S. to recover from the wall street/BushCo crash.

Bill Clinton isn't an economist.

True. So what's your point?

Clinton dishonestly explained in a campaign rally for Barack Obama that it takes at least 8 years to 6 - 8 years to recovery from a downturn from an economic mess. So therefore, no one should really blame Obama for this anemic recovery we are having.

What Bill Clinton -- and this supposes economist -- doesn't seem to understand that it really doesn't take 8 - 10 years for an economy to recovery from a recession. Well, I suppose it does if we are using the Great Depression as our guide of how to cure an economic crisis, and not the Depression of 1920.

 

[g5000]

Manufacturing in this country peaked in 1979.

What are you smoking?

U.S. is Still the World?s #1 Manufacturer | AEIdeas

 

[Erand7899]

Damn, I got to get up pretty early in the morning to get ahead of the dude from down under. Does the sun ever set down there?

But I was thinking the same thing. Rethug mantra; cut government spending. Then amazingly, the economy slows and it was partially the result of cuts in government spending........and the asshole rethugs want to blame it again.... on someone else.

Dead thread.

Government only consumes. Government removes wealth from the economy.
It is not possible for government to tax and spend a nation into prosperity. Get that through your head.

Where does the wealth go after theGovernment has their hands on it?
How does it get 'removed from the economy'?
Do they send it to the Caymen Islands or Switzerland maybe?

A good share of it winds up in China, India, and Indonesia. When are you loons going to wake up and realize that the economy is worldwide, and stimulus spent here is stimulating the economies of the countries where goods are manufactured. Or, did they fail to teach you that in Socialism 101.

 

[AmazonTania]

We live in the United States of Walmart, factories produce things in China and other third world nations, the only people who benefit from such is the extreme wealthy that the Republican Party exists for. Want to change that dont vote for the party that blocks bills that would punish out sourcing and reward companies bringing back work to the U.S.

GOP senators block Dem ?insourcing? bill - The Hill's Floor Action

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

Stop voting for the party that thwarts the working class at every turn, why would you oppose this legislation?

Because it's not going to work and it's a waste of time. There is already a greater incentive to outsource productivity. A tax credit is really not going to bring back any jobs.

 

[thereisnospoon]

We live in the United States of Walmart, factories produce things in China and other third world nations, the only people who benefit from such is the extreme wealthy that the Republican Party exists for. Want to change that dont vote for the party that blocks bills that would punish out sourcing and reward companies bringing back work to the U.S.

GOP senators block Dem ?insourcing? bill - The Hill's Floor Action

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

Stop voting for the party that thwarts the working class at every turn, why would you oppose this legislation?

Newsflash. Prosperity does not come from acts of government. Prosperity occurs when the private sector flourishes.
You did not respond to my post.
You simply fired back with a liberal talking point.
Rubbish.

 

[thereisnospoon]

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

Stop voting for the party that thwarts the working class at every turn, why would you oppose this legislation?

Because it's not going to work and it's a waste of time. There is already a greater incentive to outsource productivity. A tax credit is really not going to bring back any jobs.

Outsourcing has been the norm for several decades.
For example. When auto manufacturers hire contracting companies to make parts rather than make the parts themselves, that is outsourcing.
Question, do you think Philips, GE, Sylvania etc, make the glass for the light bulbs those companies manufacture? No. They do not. That process is outsourced to other firms.
Does Good Year make the rubber for their tires? Uh uh...Another firm does that..And so on...
The confusion is in terms "outsourcing" and o course the term with which most people are confused, "off shoring".
All of which has absolutely ZIPPO to do with the matter at hand.

 

[OnePercenter]

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

Or could it be that corporate America is parking their cash.

Of course. Any smart business person would sit on their excess cash right now.
Current conditions and the concern over more ham handed federal policies are the main reason business is not expanding.

What do you mean 'sit'? The market is paying 11% - 14%. CHA-CHING!!!!!

Current conditions mean no taxpayer subsidies, except for Walmart,,,,Of Course!

Federal policies?

 

[OnePercenter]

Oh please cut the partisan bullshit.
The days of manpower heavy manufacturing are OVER.
Highly skilled need only apply.

Stop voting for the party that thwarts the working class at every turn, why would you oppose this legislation?

Newsflash. Prosperity does not come from acts of government. Prosperity occurs when the private sector flourishes.
You did not respond to my post.
You simply fired back with a liberal talking point.
Rubbish.

Private sector flourishes when given taxpayer subsidies.

 

[OnePercenter]

Bill Clinton isn't an economist.

True. So what's your point?

Clinton dishonestly explained in a campaign rally for Barack Obama that it takes at least 8 years to 6 - 8 years to recovery from a downturn from an economic mess. So therefore, no one should really blame Obama for this anemic recovery we are having.

What Bill Clinton -- and this supposes economist -- doesn't seem to understand that it really doesn't take 8 - 10 years for an economy to recovery from a recession. Well, I suppose it does if we are using the Great Depression as our guide of how to cure an economic crisis, and not the Depression of 1920.

The Phil Gramm (R) derivative debacle was a world hit of $563 Trillion, $20 Trillion in the U.S.

Most middle class lost all or part of their IRA's.

How much were the wall street/bank bailouts? $50 Trillion?

The Housing crash, and we're not done yet.

Robo signing credit cards which continues today.

So what makes you think that it won't be 8-10 years.