May Factory Orders Drop More Than Expected

CNBC ^ | 07/02/2010 | Reuters

[Rational Thought]

New orders for U.S. factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed Friday

[Son House]

Where American industry is in trouble, it is because it is weighed down with taxation, over-regulation, unionization and an increasingly poorly educated or tax-demotivated workforce.

Raising tariffs/subsidies and so forcing Americans to buy their stuff from feather-bedded internal suppliers (e.g. General Motors) would not solve these problems.

^
Bravo! Our own Government continues to be in the way, this need to be clarified for every election.

[jpsb]

But shipping our jobs and industrial base to history’s single largest communist nation ever, has been indescribably STOOPID.

BUMP

[April Lexington]

Bias: the ugly reality that's killing the news business.

Actually, I think the news business is killing America!

[artaxerces]

I’m just saying, you can’t really control economics without disastrous consequences.

[artaxerces]

THAT is the key. Quality and higher technology products that cheaper competitor nations cannot reach in a cost effective manner. Really the only way to sustainably improve the lot of American workers is the following:

1. Cut down on unnecessary costs( unions, red tape, taxes)

2. Improve average worker educational standards to OECD levels( we’re at a 3rd world level of education right now)

3. Massively revamp our core infrastructure to lower the cost of energy, transportation, and telecom.

The problem is that steps 1-3 involves making actual sacrifices and a great deal of initial effort in order to have a better future. Quite frankly the average American wants the high paying job without putting In any additional effort. Thus we get hair brained ideas like cutting off trade, or just priting money. These actions all serve to make the pie smaller, but the reality is that the gov and people are simply too lazy and Incompetent to push for real reforms.

[10Ring]

Our job in America is to make things the Chinese cannot. Quality.

Hear, hear. Bears repeating on Independence Day (eve)...thanks.

[Toddsterpatriot]

Our job in America is to make things the Chinese cannot. Quality.

A while ago (a few years?) one of these protectionist assclowns linked to a YouTube video titled (something like) Haha stupid America, which showed how the Chinese were smarter and more productive than Americans.

One of their big success stories showed how they wove co-axial cable......by hand. Yeah, that's the type of manufacturing we need to bring back to America. LOL!

Raise tariffs to 1000%, for the children!!!

[RipSawyer]

We need better expectors who wouldn’t be caught unexpecting.

[RipSawyer]

How in the world can he drink like that and still look so good?

[REDWOOD99]

I expected that.

[Jack Hydrazine]

What they need is a good bottle of expectorant like Robitussin to help them keep from getting caught unexpected.