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U.S. Industrial Production Falls 1.8%
Manufacturing drops 2.5%
Feb. 18, 2009
"Eighteen of the 20 major manufacturing industries declined in January. Another way to put the severity of this manufacturing recession in perspective is that in the last 12 months, from January 2008 to January 2009, manufacturing industrial production declined 12.9% -- this 12-month decline is the worst since June 1975 when production was off 13.7% in a 12-month period," said Daniel J. Meckstroth, Chief Economist for the Manufacturers Alliance/MAPI. "A major inventory realignment is underway in manufacturing as firms shed formerly scarce commodities that have collapsed in prices and struggle to convert excess inventory into scarce cash reserves. The next few months will unquestionably be difficult, but the end result of inventory destocking we feel."
Originally posted by FritosBBQTwist
Could this also be the evolution of our country?
Originally posted by FritosBBQTwist
If everybody knew how to build a computer from scratch, you think they would be worth as much?
Originally posted by FritosBBQTwist
Maybe it is time for us to continue on to "newer" projects (such as Airplanes for one example)?
Originally posted by FritosBBQTwist
Now, regardless of all of that - we ARE being hit economically by the loss of jobs here in the USA. But as I just asked - is it part of our evolving country?
Problem is new things that are tech based required at least tech-level employees. Do you think we could get a construction worker to engineer an new airplane? He'd need the college degree before anyone would hire him/her. Personally I'm all for getting her/him through college for the better salary, but what do you say to the ones who enjoy construction? Money isn't always a person's goal.
Originally posted by FritosBBQTwist
American Cars? Pff...who needs em? American Jetpacks is where its at!
Originally posted by cognoscente
reply to post by SLAYER69
"(I'm still unsure why the world pays for it). So it appears the propensity of nation-states to fend for themselves primarily through unfair (subsidized) competition isn't at all reflective of Smith's moral philosophy, but rather is a symptom of the dichotomy produced between the desire for a capitalist world system and the ability to select favorite industries so that our tax base remains well sustained."
"Early socialist thinkers, such as Marx made the mistake that Utopia could be found before actually engaging in the work required to get there. He thought society could move to that point with sheer will alone,"
"I work so I can live a sociable relationship with my kids, so that I can play the guitar in the evenings, so that I can treat my wife to dinner..."