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Manufacturing within the United States of America is near an all time high…..
Courtesy of Motley Fool
If you follow the blue line above you can see that manufacturing in the United States of America, has now reached the same level it was in 2005…. The current record was hit in 2006. (There it is also clearly visible: the rebound the current Democratic Administration occupying the White House has engineered.)…
You can also see that manufacturing jobs which held steady for decades, began plummeting the moment George W. Bush was sworn in and didn’t stop it’s free-fall, until President Obama put his hand on Lincoln’s bible….
Which means nothing really… Because it was completely out of the realm of either the Democrats and Republicans… It was computers and smart technology that put Americans out of work….
Robots don’t need smoke breaks, don’t do personal phone calls, and don’t go on strike for higher pensions… Computers make fewer mistakes, they don’t forget to carry over a place setting, and they don’t make a mistake by multiply instead of dividing…. It is not that American’s priced themselves out of the job market,…. it is that technology became so cheap, it became the process of choice…..
Our very rejoicing over the downward cost of a large screen LED TV or all the potential of a top-of-the-line 2005 desktop computer held in our hand, a computer from which we can even make phone calls, is also what took our manufacturing jobs and shoved them…..
They are gone. We can’t and don’t want them back….
No Republican will bring back jobs. Sorry Mitt. No tax break will bring back jobs, Sorry Mitch McConnell and Eric Cantor… We are in a major shift just like the Great Depression… Back then, it was agriculture jobs that evaporated. Grapes of Wrath all over again. Today, it is manufacturing jobs…. eaten by machines.
I wonder how many people reading this can actually remember back to when retailers used to close one day for store-wide inventory, often having large sales to clear out merchandise to facilitate human beings doing the counting? Seen any closures lately? It’s now done overnight(in hours) with scanners. Now multiply that labor saved over the course of an entire year, then times the number of outlets across the country, and you can begin to grasp the immensity of just how life has changed….
So, where do we go from here?
The obvious answer is that with so many people out of manufacturing jobs, we will have to find another field or jobs for them to work. If the jobs are not there, we WILL have to subsidize them.. Welfare in conservative terms… And since we are broke, we will need to tax the wealthy for that….
Now we’ve done this welfare thing before. It didn’t work very well. In fact, it wasn’t until we eliminated or corrected it, that we got people out into the workforce to become an asset to society.
So.. with that in mind, since we have to pay these people anyway to keep them employed, to eliminate the problems of crime, destitution, and decay that come from an indigent society, it seems to make a little sense that we pay them to work instead of paying them not to work. Now I’m no wise man, but that simply seems to be a no-brainer…
So here is a need where we actually do need government to step in, and to step up its spending of money on projects that actually do put people to work; that way we can have a much better life than what we would experience had we chosen to let them starve and fend for themselves, which would not be pretty.
Of course the wealthy will have to pay for it… They are the ones making all that extra cash by not hiring us….
Those living in Delaware know this is nothing new… We are used to the benevolence of certain billionaires who in love with this fair state, spent enormous amounts of their personal wealth to build the first four lane paved road in the nation, from the Maryland border north of Salisbury to the edge of Marcus Hook PA… It was an engineering marvel at that time, and not a penny of state delegated taxes was spent….
Simply put, that is how it was done in the past, and if they can’t or unwilling to part with their money now, obviously we need to tax them more and do it for them…. It just makes too much sense…..
In Delaware the 8% seems to have turned into a 4% cut.
The problem as expressed here before, is one of scale. We can easily say, just cut the number of people we don’t need, and let the rest do the work.
That does not stack up.
For one. Those people cut would rather have ninety – two percent of their pay, than none at all.
For two. Those who say the economic impact of an 8% cut on our economy, for some reason fail to calculate that the same impact occurs if 8% of the states employees are laid off.
For three. As citizens of this state, we receive much better service by having more human beings assisting us, than by having fewer who are paid well… Imagine, standing in line at the DMV with only two people processing applications? Don’t worry, we are told… they are being paid well… Uh, ok.
So the concept of trying to accomplish more with less should not be viewed as a vice and vilified by every labor union known to man. It should be considered a virtue.
The alternative is layoffs. or higher taxes to drive more revenue though our coffers.
The populist argument is simple. People matter more than money, so tax corporations and pay people money…. I like it.
But I can remember hearing from those responsible for making Delaware a corporate friendly state, exactly how much good change came from getting rid of those negatives that impact businesses…
We honor Russell Peterson for his Coastal Environmental Act, but look at the News Journal Archives (print only) describing the bankruptcy possibilities faced by the second smallest state at that time (’79)… If we utilize our ability to take money from corporate entities because we can… then what do we have to offer them that is so great to maintain the balance and make them stay here and employ our workers? Why is Delaware such a great place to set up or keep a business if in that process, we destroy our best asset? In other words, why would Paris Hilton purposefully get fat and stop wearing make up? Same thing.
Balance is the key. And Markell is the man for that. For if this state goes too populist, it will hurt our reputation among those whose commercial enterprises actually fund our lives…
His 8% is a brilliant stroke. It keeps people employed, and trims our deficit down. It may need some tweaking.. especially on the lower end of the pay scale… but it shares the suffering better than the massive layoffs that must come if we cannot close the gap in any other way.
We pin hopes on green energy. Yet, who would want to set up a business here, if New Jersey offers it cheaper there?
Do not be quick to steal from corporations. If you’re going to steal, make sure it is from everyone, so no one can say we could have had any other choice…
But, the whole point of this article, is to demonstrate how Michigan is attempting to solve their crises. It can get quickly out of hand, there.
There is a movement to put on their ballot, a proposition requiring the downsizing of their government. In this report filed by Jamie Edmonds of WIXL TV (who just happened to graduate from the University of Delaware’s School of Journalism in 2005). there is the stirring of a citizens movement to simply downsize government.
-Their proposal would eliminate ten seats in the Senate and 28 seats in the House and two supreme court justices.
-It would roll back a lawmaker pay raise
-It would ban lobbying for two years after leaving office.
- It would cut state departments and salaries.
“What we are doing we’re having less government, less bureaucracy, more accountability to people,” Byrum said.
The group supporting this needs 300,000 signatures by July 7th to put it on the ballot.
Now Delaware does not have a ballot Proposition Clause. We are too representative and have our government too firmly entrenched in our pre-colonial traditions, to ever go that route. But, the anger is out there among our people… And accountability must be taken by those whom we put in office.
That is why the 8% cut proposed by our governor Markell is a sound one. The alternatives which are now only being explored by the Joint Financial Committee of our Legislature, are all much worse…
Remember. When it comes to suffering, all must suffer equally for it to work… That should be our mantra. All must suffer equally. All.
Courtesy of Irvine Housing Group
The housing slump is worse than we thought. Many of the homes now being foreclosed were speculations hoping to be sold in a rising market. What that means is that occupancy rates in apartments and rentals, will not rise concurrently as is usual when mortgage foreclosures rise.
That also means that the housing market slump will have to be resuscitated by fewer people. In other words, who out there is left to buy houses?….During 2005 and 2006 one out of every four houses was bought by a speculator with no intention of living in them.
This new data coupled with the realization last summer that most of the bundled loans are junk, and never will be repayed, has stopped the housing market cold. Any type of industry relying on the housing market, has already shut down and laid off employees.
Ohio and Michigan are in official depressions now, no longer calling it just a recession. Of course the Mid-Atlantic area has not been hit as hard as some. As is often the case, there are regional pockets of economic stagnation scattered across the country: remember Dallas and Houston during the nineties’ oil glut?. But when the new housing market climb begin, now with this new revelation, no one knows. As this new information filters up the pipeline, to expect another tumble in stocks would be realistic.
This year we see what might amount to the perfect storm. For just as the house values bottom out, the ARM rises, utility bills peak, and above all, food climbs to prices not even dreamed of. $3.50 for gas, $5.00 for milk, and 4$ for cheap bread. We will experience inflation like most of you have never seen. And we will be too poor to do anything about it.The standard measurement among economists is that for every dollar of lost equity in ones home, the homeowner lose 7 cents in real income. Based on this number the tax rebates this spring and summer will fall short of what will be needed.
There is one way to save the entire economy. Drop the Fed to 1%, keeping mortgage rates at 3%. Then push for the refinancing of ARM’s across the board. Whether it takes legislation or not, no one should lose a home to an ARM. Forget about signals of panic. We need people refinancing and buying houses by May!
Talking about these matters one gets the same feeling as standing on a Thai beach, watching the sea, following with your eye a tiny black line edging closer and getting bigger. The sooner you act, the less danger you will be.
If your are close to retirement, secure your assets. Worry about losses. Don’t worry about growth.
If you are just getting started, stay with the high rollers. All the monies you will be putting in will be buying up stocks at bargain rates, and when they recover……….Wow!
I did not expect the avenue that retribution would take……Because of the above link, my five year is a Mitt Romney fan. Little did I know that while I was listening WDEL, that he was listening to it as well. He surprised me by screaming out Mitt’s full name and clapping his hands ecstatically as only a 5 year old can.
To humor him we sat through most of a Mitt Romney speech. He was thrilled with the moment, and I had to shush each time the announcer mentioned his name. To humor myself since nothing of the speech would be of interest to me, I took a deep breath and came up with the bizarre idea that I would listen to him as if he were a Democrat running against Hillary Clinton. In a few seconds I was in character and listening for the first time to a new Democratic candidate.
He was better than expected. In this speech to the Detroit Economic Club, he was very much in line with my views. I know he has baggage, but that does not concern itself here.
Despite what I had thought, he is not on the Bush tax plan. Despite what I had thought, he is not a corporate shill. He said some things about himself of which I was not aware.
Whereas Al Gore invented the internet, Mitt Romney was behind the office supply firm Staples. Most said shopping for office supplies would never work. But it did. Another story concerning layoffs, describes Mitt’s takeover of a failing consulting firm. Instead layoffs, he gathered everyone in a room, and together they decided there would be not one more layoff. They worked together and pulled it out.
Tomorrow Michigan votes. Zogby has Mitt 3 points behind McCain. But among Republican only voters he leads in double digits. Due to the Democratic boycott of the Michigan primaries, Democrats and Independents are expected to cross over and give support to the founder of the Straight Talk Express, thereby putting a must-do Mitt state, in McCain’s column.
McCain’s an old man. After hearing Mitt not sound like a flake for the first time, I see such similarity between the two, that it seems a Dole-ish act of stupidity to waste such effort on someone so old. You can get the same model (the speech was in Detroit) with a lot less miles…..
“Washington politicians look at Michigan and see a rust belt. But the real rust is in Washington.
I remember being intrigued with Mitt back in August of 06 when Dave first brought him to our local attention. Remembering “Nelson” Rockefeller, Jack Kemp, and other great Liberal Northeast Republicans, I thought that due to the dismantling of the Old Guard Republican’s platform by it’s own lack of success now that it has been implemented for 7 years, just might give us a fresh Republican face willing to try new ideas based on old American values.
But Romney made a fatal flaw in his strategy. Since to be the Republican candidate, you have to receive Republican votes, he began pandering to the “kook” element of the Republican party. The Republican party from the state level up, is flat out dominated by “kooks”. Yet on the grass roots level, it is run by some of the greatest patriots I personally know. Anyway, as soon as Mitt Romney stopped being what he was in Massachusetts, he lost his edge. America does not want the same thing it has had for the last several years. It craves something different.
You can see by the popularity of John McCain that this is true. John McCain is on record of being AGAINST the Bush tax cuts. John McCain is on record as being AGAINST unmitigated deficit spending. He wasn’t always. For awhile he pandered to the party elite, by kissing ass. When his popularity dropped to the gutter, I think he finally said “what the heck, I’ve lost, I might as well run the campaign as I choose to do so.” As his ties to the Bush/Cheney cabal decreased, his popularity from those who hoped for a miracle in 2000, increased. And with what I saw in Romney’s eyes yesterday, I think he now understands the same message.
If Romney makes an appearance in our state, the corporate capital of the world, he needs to hear this from his local campaign committee. “Forget the Old Guard. Be who you are. Run strong as a “New” Republican. Tell us what you WILL do.” If he fails to listen, or those on the local committee fail to speak up…..America may lose its last chance to make the difference.
Years from now, America can be another France or Germany, still a great country, but no longer the principal player it is today.
In honesty, I am surprised by the things I learned from listening to Mitt Romney with an open mind. He offered a different perspective, I grant you, but offered real solutions that have yet to be forthcoming from any of those three contenders for the Democratic crown.
It is something to keep in back of ones mind as Democrats babble over whose insurance will benefit us the most. In several years hence, entitlements and interest will be eating 60 to 70% of our budget. Meaning of course that only 30% of our budget will go to EVERYTHING ELSE.
Above all, it will be important that we have a balanced menu next November as Americans seriously make the all important decision that over time will make us either continue as a first rate country, or not………
My 5 year old loves Mitt Romney.