Posts Tagged ‘economist’

19 facts about the deindustrialization of America that will blow your mind!

January 26, 2011

#1 The United States has lost approximately 42,400 factories since 2001.  About 75 percent of those factories employed over 500 people when they were still in operation.

#2 Dell Inc., one of America’s largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.

#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November. Approximately 900 jobs will be lost.

#4 In 2008, 1.2 billion cell phones were sold worldwide.  So how many of them were manufactured inside the United States?  Zero.

#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.

#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.

#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

#9 In 1959, manufacturing represented 28 percent of U.S. economic output.  In 2008, it represented 11.5 percent.

#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford’s new “global” manufacturing strategy.

#11 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time less than 12 million Americans were employed in manufacturing was in 1941.

#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.

#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.

#14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use.  Today it ranks 15th.

#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#16 Printed circuit boards are used in tens of thousands of different products.   Asia now produces 84 percent of them worldwide.

#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.

#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.

  • So how many tens of thousands more factories do we need to lose before we do something about it?
  • How many millions more Americans are going to become unemployed before we all admit that we have a very, very serious problem on our hands?
  • How many more trillions of dollars are going to leave the country before we realize that we are losing wealth at a pace that is killing our economy?
  • How many once great manufacturing cities are going to become rotting war zones like Detroit before we understand that we are committing national economic suicide? The deindustrialization of America is a national crisis.  It needs to be treated like one.

America is in deep, deep trouble folks.  It is time to wake up!

With growing concern over China’s economic power, “Buy American” supporters say they’re gaining strength. Roger Simmermaker, of Orlando, runs a website called www.howtobuyamerican.com .

He directs consumers to all kinds of American-made products, from deodorant to mustard.

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WE FIGURED HIM OUT! By Ben Stein

February 25, 2010

Why is President Barack Obama in such a hurry to get his socialized medicine bill passed?

Because he and his cunning circle realize some basic truths:

The American people in their unimaginable kindness and trust voted for a pig in a poke in 2008.

They wanted so much to believe Barack Obama was somehow better and different from other ultra-leftists that they simply took him on faith.

They ignored his anti-white writings in his books.

They ignored his quiet acceptance of hysterical anti-American diatribes by his minister, Jeremiah Wright.

They ignored his refusal to explain years at a time of his life as a student.

They ignored his ultra-left record as a “community organizer,” Illinois state legislator, and Senator.

The American people ignored his total zero of an academic record as a student and teacher, his complete lack of scholarship when he was being touted as a scholar.

Why were we duped, you ask? Because it is in the character and personality of an ego-centered Narcissist to be believed. They accept no contrary opinions. They have a 100% conviction in their own opinion and beliefs. They typically are well spoken and have a certain amount of charisma. They are adept at twisting and spinning any thought into their own mold. He rallied much of the non-Caucasian and youth vote. Why? Because he preached change. This element of voters either feel they needed change, or in the case of the young voters, they didn’t have enough experience to fully understand “change from and to what” but the charisma and rhetoric sold this “load of poles”.

Now, the American people are starting to wake up to the truth. Barack Obama is a super likeable super leftist, not a fan of this country, way, way too cozy with the terrorist leaders in the Middle East, way beyond naïveté, all the way into active destruction of our interests and our allies and our future. The American people have already awakened to the truth that the stimulus bill — a great idea in theory — was really an immense bribe to Democrat interest groups, and in no way an effort to help all Americans.

Now, Americans are waking up to the truth that ObamaCare basically means that every time you are sick or injured, you will have a clerk from the Department of Motor Vehicles telling your doctor what he can and cannot do.

The American people already know that Mr. Obama’s plan to lower health costs while expanding coverage and bureaucracy is a myth, a promise of something that never was and never will be — a bureaucracy lowering costs in a free society. Either the costs go up or the free society goes away.

These are perilous times.. Mrs. Hillary Clinton, our Secretary of State, has given Iran the go-ahead to have nuclear weapons, an unqualified betrayal of the nation. Now, we face a devastating loss of freedom at home in health care. It will be joined by controls on our lives to “protect us” from global warming, itself largely a fraud if believed to be caused by man.

Mr. Obama knows Americans are getting wise and will stop him if he delays at all in taking away our freedoms. There is his urgency and our opportunity. Once freedom is lost, America is lost. Wake up, beloved America.

Ben Stein is a writer, actor, economist, and lawyer living in Beverly Hills and Malibu. He writes “Ben Stein’s Diary” for every issue of The American Spectator.

The title “WE FIGURED HIM OUT!” does not apply to me. I knew all about him for over a year. I’m teed off at those who put him there, for being either too lazy or too stupid to know better.

They may have ruined my country and yours.

You must as an American FORWARD this to all, or you will wake up one morning and your freedoms are no longer there.


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