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Aerospace Industry Flying Way of Detroit just like the automakers

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posted on Jun, 9 2009 @ 11:17 AM
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Another one to bite the dust in America

While the auto industry was vew as the backbone of America industries now we see that we no longer have one at all, now the second industry to bite the dust will be the U.S. aerospace industry.

This all due to the same problems that has been eating this nation industrial base, free trade and outsourcing.

What has been good for corporate profits is now consuming the hard working americans


But the auto industry is not the only manufacturing sector taking a turn for the worse. American aircraft makers and industry leaders are also taking huge hits and watching profits dwindle. According to the International Trade Commission, the U.S. aerospace industry ran its first trade deficit in history. In the fourth fiscal quarter of last year the American aircraft industry ran a robust $11.4 billion surplus. This year, it ran a $5.15 billion deficit.

The aerospace and auto manufacturing industries have long been considered the backbone of America’s blue collar workforce. They employ hundreds of thousands of Americans both directly and indirectly, but over time their market share has dwindled due to unfettered overseas competition. When the financial markets collapsed last spring the orders which had been slowing were grinding to a halt.


www.economyincrisis.org...

So very sad to see our great nation becoming nothing but shadow of once used to be.




posted on Jun, 9 2009 @ 11:52 AM
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I was a lead on the new L 85 Learjet last year.
It's going to be made in Mexico now instead of Wichita, Kansas.

Makes me sick..........



posted on Jun, 9 2009 @ 12:36 PM
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reply to post by j2000
 


You know, you get to witness the deterioration of America one piece at a time, now with the job market crash that we are having news like this make wonder where our politicians are keeping their heads under.

This no us the people doing this to our nation, but our stupid politicians working against us and our nation to pay back their benefactors private agendas.

To me is nothing but treason.



 
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