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Commentary: Manufacturers know all about economic collapse
Manufacturing News ^ | 9/30/08 | Richard McCormack

Posted on 10/02/2008 2:02:05 PM PDT by T-Bird45

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A long rant but worthy of a read for those who understand the vital role of manufacturing in an economy.
1 posted on 10/02/2008 2:02:07 PM PDT by T-Bird45
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To: T-Bird45

Good Post.

Thanks.


2 posted on 10/02/2008 2:06:18 PM PDT by KittenClaws
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To: T-Bird45

Not a single mention of the Big Labor’s hand in any of it. By the looks of this, manufacturing became uncompetitive because of the people that helped them finance their expansion, and NOT because DC liberals and their unions squeezed them out of existence.

Between the tort lobby, excessive regulation, and labor, manufacturing died. This jackweed is blaming Wall Street.

Rosie O’Donnel is going to blame the fact that she’s overweight on Wall Street next week.

There’s nothing of value in this teary elegy.


3 posted on 10/02/2008 2:06:54 PM PDT by RinaseaofDs
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To: T-Bird45

I’ve been in that business longer than Richard McCormack has been a writer, and it started well before George Bush took office.

Another jerkoff journalist who never walked the walk.

http://www.manufacturingnews.com/about/mccormack.html

“About the Founder and Publisher
Manufacturing & Technology News Editor & Publisher Richard McCormack created the publication in 1994. The paper is read by executives in industry, government and academia on five continents.

McCormack has spent 22 years in Washington, D.C., as a journalist covering science and technology, industry and government.

Prior to creating Manufacturing & Technology News, he was editor of High Performance Computing & Communications Week, a journal he created while at King Publishing Group in Washington, D.C. He covered the creation of the Internet.

He was the founding editor of New Technology Week in 1987.

He was editor of The Energy Daily in the mid 1980s.

McCormack has interviewed such people as Robert Noyce, inventor of the integrated circuit, Seymour Cray, inventor of the supercomputer and Edward Teller, inventor of the thermonuclear bomb.

Mr. McCormack has won numerous journalism awards for investigative, analytical and interpretive reporting. He has appeared on C-Span, CNN and PBS. His work has appeared in hundreds of publications.

McCormack is the 15-time winner of the National Press Club Golf Tournament. He coached the Annandale, Va. High School golf team for nine years.

You can place him on your editorial e-mail list for announcements, news events and story ideas:
editor @manufacturingnews.com. He can be reached by calling 703-750-2664. “


4 posted on 10/02/2008 2:07:08 PM PDT by xDGx
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To: T-Bird45

“Ethics, civics,” ?


5 posted on 10/02/2008 2:07:16 PM PDT by Eric in the Ozarks
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To: T-Bird45

Interesting read. I disagree with some of it, but agree with more than I thought I would. Thanks.


6 posted on 10/02/2008 2:07:27 PM PDT by TheWasteLand
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To: T-Bird45

Loss of manufacturing jobs is world wide.

The US has lost far fewer tahn countries like Brazil and China.


7 posted on 10/02/2008 2:08:39 PM PDT by Mikey_1962 (Obama: The Affirmative Action Candidate)
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To: T-Bird45

Loss of manufacturing jobs is world wide.

The US has lost far fewer than countries like Brazil and China.


8 posted on 10/02/2008 2:08:56 PM PDT by Mikey_1962 (Obama: The Affirmative Action Candidate)
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To: T-Bird45

btt


9 posted on 10/02/2008 2:13:25 PM PDT by chasio649 (no longer sick of it all ...)
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To: T-Bird45
I don't agree with it all but it is still a good post. I certainly agree with much of this:

Manufacturers weren't looking for a hand out or a bailout. They only wanted one thing: for the United States government to put the interests of American producers above the interests of foreign countries, foreign producers, importers and the multinational companies that were taking advantage of mercantilist practices in China. American manufacturers wanted the U.S. government to put the interests of American producers ahead of the law firms representing foreign shipping companies, the lobbyists representing Wall Street and, again, the multinational companies that were swimming in record profits by sending their production offshore; all while the critical manufacturing sector was left for dead. "Good riddance," said the financial elite and its power structure: "those jobs sucked anyway."

10 posted on 10/02/2008 2:15:31 PM PDT by Smogger (It's the WOT Stupid)
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To: All

The United States continues to manufacture more goods than Japan, China and Germany *COMBINED*. It’s a fact.

Just because we don’t make toothpicks, furniture and T-shirts doesn’t mean we don’t make things here. High performance polymers, biotech products (drugs), heavy machinery, high tech (non-commodity) products - all of that is made here. What has happened is that assembly line jobs are being replaced by biotech laboratory jobs that pay 2x. But you have to have a degree to work there.


11 posted on 10/02/2008 2:16:03 PM PDT by farlander (Try not to wear milk bone underwear - it's a dog eat dog financial world)
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To: Mikey_1962

The difference is though that US has been losing manufacturing jobs for 30 years. China did not manufacture
much 30 years ago and exported nothing then.


12 posted on 10/02/2008 2:16:19 PM PDT by ajay_kumar (Obama liked EVERY tax increase...he voted 94 times for tax increases!)
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To: T-Bird45

Typical socialist idiot blaming everyone and everything except the government. Countries cannot cheat at trade. It’s impossible. China simply didn’t implement the stupid policies that killed our manufacturing sector. And why would they after seeing what happened to us? Everything China is doing now we have done in the past and could do again.


13 posted on 10/02/2008 2:16:28 PM PDT by SeeSharp
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To: T-Bird45

Like I wasn’t already depressed.
Thanks though.


14 posted on 10/02/2008 2:17:31 PM PDT by mowowie
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To: T-Bird45
“For years, as editor of Manufacturing & Technology News, I have heard dozens of domestic manufacturing company CEOs talk about an impending “collapse” of the U.S. economy. These were the men who were in the unenviable position of having to close their companies or shut down factories and watch as most all of their competitors did the same thing. “
AND
“The United States government and its elected representatives long ago stopped representing the interests of American workers and American producers.”
AND
“The country is now paying the real price of saving a few bucks at Wal-Mart.”

Give us a break. An example is the Corning plant obama is saying closed down and moved to China was CRT tv’s. Quality CRT TV's are a wast because they are done and dead. That is decades OLD technology. It deserves to die. CRT’s produce more harmful rays, use more electricity, and have a worse picture than LCD TV's and monitors.

Plants that close because they are manufacturing dead technology get no sympathy from me and I bet many of the closed plants were doing that.

15 posted on 10/02/2008 2:18:39 PM PDT by JSteff
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To: T-Bird45

“But the business press got bored and started covering the incredible run-up of housing prices”

Actually, they were praising “globalism” as a good thing. Liberals loved it because it made them feel like they are citizens “of the world.” Bush cannot do anything because the Chinese fund his tax cuts. Powell, Rice repeat the standard line that we will continue to allow China to cheat on the hopes they will change in the future.


16 posted on 10/02/2008 2:20:21 PM PDT by Shermy
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To: T-Bird45
These manufacturing company CEOs were men who loved their employees...

I had a plant manager at GE who would be up against the wall for some reason or another and we would be falling over each other to help.

The man would come into the plant on his time off and bring coffee and pastries for the crew.

He knew how to communicate: "we sink or swim together."

Some managers get it.

17 posted on 10/02/2008 2:20:35 PM PDT by realdifferent1 (Don't drink and post...)
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To: RinaseaofDs

Well, some of the manufacturers have themselves to blame. Have any of the US car makers actually put out vehicles, other than pick-ups, that actually competed with Hondas, Toyotas, or Nissans in the past 20 years?


18 posted on 10/02/2008 2:21:45 PM PDT by freebilly
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To: xDGx
I’ve been in that business longer than Richard McCormack has been a writer

Ditto...

it started well before George Bush took office

Agreed...

Another jerkoff journalist who never walked the walk

An amazing leap of illogic, IMO -- the primary point of the article is that manufacturing has suffered economic collapse at the same hands (Congress, et.al) as those who crafted the circumstances that led to financial meltdown yet no special effort to "bailout" or "rescue" a basic building block of the economy.

19 posted on 10/02/2008 2:22:04 PM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: T-Bird45

Good job.


20 posted on 10/02/2008 2:23:05 PM PDT by winodog
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