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And I'll bet, to the person, everyone of you people who are so worried about the manufacturing base of our country ran to WalMart or Best Buy (some maybe even camped out in front of the store) or Home Depot or Macy's or Sears or JCP (Penney's) on "Black" Friday to get in on the incredible deals on the cheap, foreign-made merchandise they were selling.
I know it's almost impossible to buy anything American made in America anymore but the frenzy we display on Black Friday does nothing but encourage the retailers to bring in more and more of the crap.
Stop buying it and demand American Products and, eventually, we will see things turn around.
The Government in not going to do it for you.
Some of your dying industries are dead and have been for years.
One industry that is now shrinking and will get considerably smaller over the next decade is the defense industry. There are fewer big contracts and those that are signed are for lower dollar amounts than in the past.
The military will still be a big customer, but not as big as they were the past generation. Some companies will move to other sectors and stop dealing with defense contracts, others will get much smaller. Boeing is closing plants in California as it reduces the size of its defense business.
BAE just tried to merge with EADS and will now likely have to close some operations. And other industry giants will probably have to do the same.
If all the idiots out there are buying at WalMart where 85% of the products are made in China would wake up, we would have a better America. Demand American made products by NOT buying made inb China crap. Most of these cheaply made in China products do not last, they are bought and then thrown away. This goes for tools, clothes, appliances, electronics, etc. We are creating a throwaway society with thee cheap products. Buy American, Hire American.....in other words....SAVE AMERICA!
Send all the illegal aliens back to where they come from by not hiring companies that hire them. Send illegal aliens home by not buying products from companies that hire illegal aliens. This country is in a mess and the leadership has NO clue what to do. Wkae up all you idiots and demand that this crap stop!
Printing is another fading industry. The internet has allowed everyone easy access to newspapers, store catalogs and financial reports to name just a few. Hopefully it will last at least another 5-10 years.
I worked for several High Tech companies in Massacchusetts. I loved being an electronic technician and troubleshooting to component level. I was layyed off in 2007 when a Japanese firm offered the owner millions of dollars for the company. The President and CEO took the money and left 200 of us un employed. Now I drive special needs kids in a van but, have gone back to school for Medical Office Assistant. I still get calls now and then from Temp agencies asking me if I want a 30 day gig stripping wires or soldering. What a joke. What few high tech companies are left employ Chinese and Vietnamese women to do their soldering and the places are run like a sweat shop. Lots of yelling at the workers and of course everyone is nervous. All this yelling and the rush to get the job shipped can cause prblems later down the road. One miswire can cause a helicopter to fall from the sky. All the big wheels in the companies care about is quantity being shipped.Not quality. They need to make that BMW payment.
I love how every one is putting the blame on the president and the government for everything with no accountability...quit watching crap on tv like honey boo boo and get a diploma. Education will always thrive. And I do not want to hear about the cost of furthering your education either b/c the time you spend watching housewives of beverly hills can be spent by working a part time job. Its so easy to blame obama guns medicare or whatever...ACCOUNTABILITY
I'm the type of person that will go ahead and let a person do a job knowing he will do it wrong,then asking the person why they think they are so smart. obama is an exception. Everyone knows he has very limited experience in pretty much all aspects of what is going on around him,but people think he incapable of screwing anything up. Even when a blind man could see it.
Can we count on hot-sauce production and pilates studios to compensate for the loss to our economy of such minor industries as clothing and shoe manufacturing, and cloth dying? The "five up, five down" format may be intended to give the appearance of balance and a feeling of equanimity, but anyone who thinks about the implications of what they are seeing should get a feeling of trepidation for the future of a nation of 300,000,000 people?
I saw first hand that manufacturing was dying for the American worker during the clinton administration.
Production orders, wages and hours went down; long term, highly skilled workers layed off and replaced unskilled with illegal immigrants.
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[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
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