Posted on 01/02/2011 7:47:31 AM PST by jmaroneps37
An anonymous email making the cyberspace rounds is so upsetting that its author was correct to hide his name.
The “Changes Are Coming” email details the demise of our post office, our newspapers, check writing systems, books and music as we know them along with the end of Cable TV and network systems as now constituted. But the harshest caveat bearing down on America is our demise due to deindustrialization.
The email reports that “Tens of thousands of factories have left the U.S. in the past decade alone. Millions upon millions of manufacturing jobs have been lost. . .the U.S. consumes everything in sight and yet produces increasingly less.” Waste paper is our leading export!
Our loss of 42,400 factories since 2001, our ZERO manufacture of the world’s cell phones, and our enormous trade deficit with China foretell an America our grandchildren will suffer in, not soar in as we did! “The U.S. has a corporate income-tax rate of 35%. That rate is an economic incentive for financiers to load a company up with high levels of corporate debt to avoid taxation. It’s a no-brainer; you can write off debt on your taxes, but savings and investments get taxed heavily.
No rational businessman would want his company to accumulate significant savings if the interest on those savings is taxed at 35%“
Patrick Buchanan said every month George Bush was in office we lost manufacturing jobs. . “This is a homicide. . .open-borders free trade is killing American manufacturing.” The conservative author goes on to point out we depend on foreign suppliers for 72% of our medicines and pharmaceuticals, 51% for metalworking machinery, 56% for engines and power equipment, 70% for computers and 64% for semiconductors and electronics.
More……
(Excerpt) Read more at coachisright.com ...
—unions are insignificant, compared to “environmental” regulation anymore, federal state, and local-—
Only 13% of manufacturing is union. While unions are a bane to production it’s more the regulation and taxation that has destroyed industry in the U.S.
Our legal 'industry' couldn't help much either. We have committed national suicide with what we have allowed to happen to our country.
No argument here. Of course, if the regulations were not there then there would be no lawsuits because one of gazillion regulations was broken.
Industry is dead in the U.S. I don't know where the middle class is going to get its income from.
In CT here we had an Attorney General (now our Senator) who thought he could sue companies into staying in business. I can't imagine why anyone would want to start a manufacturing business here. The sad thing is, that the democrats and idiot liberals around here can't understand it either. Only their confusion comes from a completely different angle.
Deflation is, in fact, ruining our economy at a personal level and the primary source of deflation is high productivity improvements in industrial activity.
Mechanization, automation, computerization and robotics are doing this.
You can consider all the Bernanke's, Nobel Phonies, economic models, exchange rates, debt instruments, and Wall Street rapists, you want, but it is production that brings material wealth.
This is a thermodynamic fact, the manifestation of the first and second laws.
Has anyone heard this from their local national media outlet, or their Harvard prognosticator?
The US government management, this administration, the majority of politicians, are the phoniest self serving egomaniacs on the planet. And you will hear this nowhere, except maybe from the Tea Party.
One of the intrinsic characteristics of the LEFT, along with ego, projection, malice, self-consumption, is laziness. And the only solution, as it has always been through history, is to dismantle the deception of centralized authority so we all as individuals must face the truth. Not a chance from the New York Times, the CFR, the London School of Economics, or Soros's Barack Obama.
Johnny Suntrade
Man! Does that one ever nail it! The unions are now going to do to government what they did to the auto industry. If you think it was tough getting government employees to do their job before, wait until they are all unionized.
Maybe if enough is made about how the NYC unions directly contributed to the deaths of a number of children, due to a "slow-down" in getting the streets cleared, things might just change.
Oh, heck, who am I kidding.
Mark
Kill NAFTA!!!! Do away with minimum wage! The unions will disappear soon anyway.
The current system all but pushes business to export jobs and rack up debt. The combination of environmental laws, taxes, unions, affirmative action, the legal framework......... We have lawyers specialized in slip and fall suits........Jesse Jackson shake downs..........you have to hire less qualified or efficient (eeo commission looks at statistics), you have every group out there looking at you with a microscope and you have a society that is becoming more technologically resistant and negative (nuclear power, fertilizers, pesticides, genetic modified food, irradiation of food....etc) Americans have little work ethic left and the Judea Christian value system is imploding. The US is not a business friendly
environment. Sell it here, but don't build it here. Build in right across the border in Mexico and then import it to the US.
What, exactly, are we “churning out”? While I agree that automation has increased productivity, what are we producing that has such high value?
Unsure about that one.
Unions have a very powerful influence in certain key industries. It’s a game of averages you’re playing.
I think fast food workers are considered manufacturing now.
Porn?
We have a thriving Hollywood, and they are green, diverse, carbon neutral, embrace gayness and everything else that’s politically correct and trendy.
No one isolated thing has caused the deplorable economy and deconstruction of the American economic engine we now have, although it’s easy to point fingers at one’s pet problem. It has been a perfect storm since World War II. Unions, “environmental” agencies, the corrupt legal system, the corrupt education system, crony capitalism, the quisling media, society turning away from religious and ethical values, plain old ignorance, globalization, one-sided trade agreements, the corrupt banking industry, great society liberalism, and other factors not named here have all conspired by accident or design to result in the dying society we now have.
The table shows that, by far, the greatest union participation is the public sector....
That interpretation was hyperbole.
The BLS site I linked above lists that as a separate industry.
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