Posted on 02/17/2009 5:12:29 PM PST by BfloGuy
The U. S. by far remains the world’s leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 — nearly double the $811 billion in 1987. For every $1 of value produced in China’s factories, America generates $2.50.
(Excerpt) Read more at buffalonews.com ...
And why couldn't they? Mismanagement! They sold the farm to the unions, and expected good times to last forever. They were wrong and foolish, and were investing in the wrong things. Same thing happened in the 70s. They'll get through it, but they should be on the hook, not us.
No...what I said was that they are moving to protect their manufacturing which will survive the downturn...unlike the US domestic auto industry which is on the ropes. As for credibility...free traders have no credibility as far as I’m concerned anyway.
Yep.
HIGHLIGHTS FROM THE PRELIMINARY REPORT ON MANUFACTURERS’ SHIPMENTS, INVENTORIES, AND ORDERS
December 2008 -——————— Released 10:00 A.M. EST February 5, 2009
(M3-2(08)-12)
New orders for manufactured goods in December, down five consecutive months, decreased $14.8 billion or 3.9 percent to $362.4 billion, the U.S. Census Bureau reported today.
We make lots of stuff here, especially in small businesses that the unions have yet to ruin.
So we must be socialist to compete with socialists? Ouch.
Do you suppose the country would be better off if jeans cost $200 and they were made here?
The part missing here is that “exporting” low-skill low-wage jobs isn’t always a bad thing. In fact... Its a net advantage.
I was referring to Toyota...not the US autos-very very expensive R&D. The US manufacturers did in fact invest in battery technology. What choice did they have? Unlike Japan...
You deliberately misunderstand my posts...we must level the playing field in order to compete...change the trade laws and yes invest in technology for the future as other countries are doing. This is not socialism...if we lose more jobs however, we will learn about socialism fist hand.
Does Toyota have unions then (sarcasm)? I wonder why they are doing so badly...what with not having unions and all.
Right, you want the US to Emulate France.
The US Auto industry is on the ropes because they made a deal with the devil and the bill is come due, and now the want to make another bigger deal with Uncle Obama in hopes of digging themselves out of that hole they dug with their UAW buddies.
Strange that Honda and Toyota isn't nosing their way into the hog trough.
Yes, because we can make jeans for less than 200 dollars and then more people would have jobs and could afford the jeans...the imported jeans are not cheap when you consider the cost in terms of job loss which will lead to socialism.
The US manufacturers only invested heavily in that research recently, and were already behind the 8-ball. Plus, they were already on the downward slope with pension and benefit liabilities when they tried to change away from SUV production. They have done a terrible job reading the market.
Then open up a Jean Manufacturing firm here in the States and show us how its done.
We really don’t. Most small business are service industries... manufacturing outside of a few Mom and POP...not big enough to employ many...is rare. I am also sick of hearing about small business, I worked in small business...crappy pay (unless you own it) and no benefits. The idea that you can build an economy on small business alone is ridiculous...you need industry and small business.
Toyota is doing fine compared to the big 3. GM has a negative book value!
With the current trade laws favoring China? I’d be out of business in no time flat...which is the problem...have to fix the trade laws.
Yeah well we small Business Owners are sick of hearing about loser Companies like GM sucking all our Tax Money down a black hole to pay off Unions. So I guess were even. (If that is you are going to give us a few billion too.)
No Toyota is doing very badly...but will be propped up by their government...because they value industry.
“Toyota Forecasts $5 Billion Fiscal Year Loss
The world’s largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.
Toyota Prius; Washington State government image
Less than two months ago, the company announced it would see its first annual loss since 1950 and estimated a 150 billion yen shortfall due to a collapse in consumer demand for vehicles amid the global economic downturn. Now the company is upping the damage, saying it expects to lose $5 billion, or 450 billion yen, in its vehicle making operations for the fiscal year ending March 31.
The news marks an abrupt reversal from the record 1.72 trillion yen profit Toyota posted in the previous fiscal year and is another indicator that no automaker is immune to the current financial climate.”
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