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Bright Future for U.S. Industry as We Move from Consumer to Industrial Economy
Seeking Alpha ^ | March 12, 2009 | Michael Steinberg

Posted on 03/13/2009 7:01:08 AM PDT by arthurus

The coordinated world economic plan appears to be focused at the American consumer pulling all nations out of a near depression. But fundamental changes will prevent this from happening. First, as reported by The Wall Street Journal’s “Lean Factories Find It Hard to Cut Jobs Even in a Slump”, American factories are running so efficiently that foreign low cost labor is becoming far less relevant than factories being close to their customers.

(Excerpt) Read more at seekingalpha.com ...


TOPICS: Business/Economy
KEYWORDS: consumer; economy; industrialization
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REindustrealization? well, it's a thought, comforting, maybe...
1 posted on 03/13/2009 7:01:09 AM PDT by arthurus
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To: arthurus

“Disclosure: Author is long IR.”


2 posted on 03/13/2009 7:06:10 AM PDT by shove_it (and have a nice day)
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To: arthurus

I have a ‘happy story’. My husband (Bronxboy) will not lose his job April 1st...he will remain at GM in Ohio! Also, less people will be laid off then expected, and downtime has been canceled (days or weeks even management take with no pay)! GM has made many cuts, and we are hearing that things are going better...in terms of selling cars (GMAC financing is writing people with medium credit) and there is a belief that the economy is turning around. We expect to add a shift next year if all goes as planned and GM will be able to repay the taxpayers...you have no idea how much fat was cut...my hubbie even has to bring in his own paper, pens and pencils. All GM employees took pay cuts. Everyone was lined up in the entire plant and informed ‘we are an insolvent company-living off the taxpayer dime...no money will be spent on anything’...equipment from shut down plants is being repurposed-nothing is wasted.


3 posted on 03/13/2009 7:24:22 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: nyconse

Good for GM, and for you both.


4 posted on 03/13/2009 7:25:54 AM PDT by bvw
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To: shove_it

Also, if you travel, there are restrictions. You can’t go into the executive waiting rooms or take advantage of any perks offered to business travelers. No money will be wasted...the execs were given a class and told if you don’t follow these rules you can and will be arrested and charged with fraud (misuse of taxpayer money).


5 posted on 03/13/2009 7:26:41 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: arthurus

Cute, would be right too but Alpha is blindered as to the VX level economy and cultural toxins in the bills passed so far. They will kill manufacturing as they become injested.


6 posted on 03/13/2009 7:27:35 AM PDT by bvw
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To: bvw

Thank you...GM is really working hard to turn things around. I am proud of how they have behaved during this crisis...I am beginning to believe they will emerge a stronger leaner company.


7 posted on 03/13/2009 7:27:45 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: nyconse
.the execs were given a class and told if you don’t follow these rules you can and will be arrested and charged with fraud (misuse of taxpayer money).

That's fascism, plain pure simple.

8 posted on 03/13/2009 7:28:34 AM PDT by bvw
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To: nyconse

So much for the non-union people taking it in the shorts, how about the union, not willing to give a dime?


9 posted on 03/13/2009 7:29:11 AM PDT by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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To: bvw

If you take the taxpayer money, you have to live by the rules imposed by the government...once the money is paid back I think they still won’t get to do what they once did...those days are gone!


10 posted on 03/13/2009 7:29:53 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: nyconse

Yes, well, I responded to your follow up — that kind of government interference in private business is one of teh VX-gas level toxins I mentioned. Not not not good. Death of business, in the intermediate and long term.


11 posted on 03/13/2009 7:30:47 AM PDT by bvw
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To: nyconse

You sound perfectly contented with that.

Looks like the frog is coming to a boil.


12 posted on 03/13/2009 7:31:30 AM PDT by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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To: PSYCHO-FREEP

No, the union is broken...they took bigger pay cuts than management. My hubby was told let the write any grievances they want...we won’t address any...and if they wanted to strike fine...we will call back the laid off workers...90% of the workers in my husband’s plant would not honor a strike anyway...so what can they do? If they come back late from lunch or interfere with the line...they are disciplined (could be thrown out for the day always written up)...it happens three times, you get thrown out for a week...after that you get fired. The guys just want to work so there has been very little problems even though a fair number will be laid off in April...hope to be called back I suppose. My husband works with a good bunch.


13 posted on 03/13/2009 7:33:26 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: PSYCHO-FREEP

I want GM to survive...I think it’s important to the country as well as my family. These are very difficult times, it calls for extraordinary measures.


14 posted on 03/13/2009 7:34:32 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: nyconse

No. That’s not so. You see, “We the People” are to owners of that money, the government is only our agent. We have the right and the DUTY to be self-responsible.

What you describe as happening is as I said, pure Fascism, but it is also breach of agency by the government acting far beyond its charter and against the interests of its master — We, the People.

Any man or woman in this situation is right and properly due to use every possible guile and strategy that is not immoral or an outright lie to get back what is ours!


15 posted on 03/13/2009 7:36:24 AM PDT by bvw
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To: bvw

In general, I don’t think business should be told what to do by the government, but GM took government money in order to survive...thus they can not be considered private until the money is repaid...after that they should be able to do as they please. But manufacturing has always faced more government restrictions then other businesses...one of the many reasons manufacturing has been on the decline...I am hoping to see this turned around. I don’t hate the bankers as much as I once did (that level of anger can not be sustained) however, they can not create wealth...just pass it around really...we need manufacturing.


16 posted on 03/13/2009 7:37:30 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: bvw

How about just repaying the loan?


17 posted on 03/13/2009 7:38:04 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: bvw

Also, when I said they won’t be able to go back to the fat old days, I meant the company will decide not to do this...not that the government will mandate rules on a permanent basis.


18 posted on 03/13/2009 7:39:44 AM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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To: nyconse

Yes, GM best repay the loan and kick the fascists kit and kaboodle out of their places!


19 posted on 03/13/2009 7:40:42 AM PDT by bvw
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To: nyconse
All GM employees took pay cuts

Did the unions pitch in and forgo guaranteed rasies? They did something over at Ford but I wasn't sure where they stood at GM.

20 posted on 03/13/2009 7:41:18 AM PDT by OpeEdMunkey (We seem to have reached a critical mass of stupid people.)
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