Posted on 01/22/2008 2:52:06 AM PST by Degaston
“Wonder what happened to that plan.”
That was 50 years ago... American manufacturing is nothing like it use to be, when there was a clothing factory in almost every town.
Today, there are ZERO mass production factories in the US.
Not one single pair of Levies are made in the USA, and not many consumer goods at all.
In fact, the likes of Warren Buffett--who has a lot of positions in precious metals--could swoop in and buy a LOT of stocks "on the cheap" and make a financial killing a few years from now.
I have long been bothered by the loss of making things in this country. I would rather pay an extra $10 for a pair of jeans that were made in America by Americans.
I am especially disturbed by the fact that so much of what we need to equip our military to defend the country has been moved out of the country.
It also bugs me that along with the ability to produce so much of what we no longer produce we’ve sent the knowledge and technology to make it happen.
My wife’s aunts in Georgia spent their entire adult lives working in the textile mills. Not a single mill in still in operation in their hometowns. Really sad to drive by the abandoned mills and realize how many people went to work there every day of their working lives and made enough to raise a family.
The day will come, and might be all that far away, when we will realize what a mistake it was to reduce competition to the single factor of price.
Horse Crap, WalMart is doing far more to *create* low wage earners than anyone. Folks who used to make high def TV's are now walmart cashiers making two dollars an hour below the non walmart national average for cashiers.. because we dont make them anymore..
It’s not my fault Americans like hamstringing our own industries with confiscatory tax rates and ever increasing government regulation.
You left out free trade to nations who are trying to build a military to rival our own..
That argument went out the window when they started to side with foreign powers who were illegally dumping high end electronics on our market, killing the last of the American TV manufactures... They can no longer claim 'we had nothing to do with it'
Wednesday down 300 to 11,700. So much for the Fed action.
The DJIA is flying now. About back to even on the day. Turned around when I bought those 10 shares of (redacted) common stock.
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