U.S. Manufacturing Declines to Lowest Level Since 1948 »

Posted By Neophile 10 months, 1 week ago in Business & Finance

The decline in U.S. manufacturing deepened in December as demand for such products as cars, appliances and furniture reached the lowest level since at least 1948, signaling further cutbacks in factory jobs and production this year.

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    Radiofreeeuropa10 months, 1 week ago

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    Most people have been feeling the squeeze for some time now, it seems the data surfacing has finally begun to reflect the truth we have been knowing for years.

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    CaptainLucid10 months, 1 week ago

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    When you consider the year 1948 remember that that was a few years after the war and most of Europe needed rebuilding and there was a lot more stuff families had been waiting for during the war but had conserved on for the war. Here was America the least damaged who has shown that American industry can build it faster than you destroy it but soon we will build it better and faster. We entered with a huge market, the infrastructure intact and plenty of resources like coal, oil, and iron. We had no where to go but up and rode it to prosperity. Now our political enemy controls our energy and our economic enemy controls our debt. Most of our assets were purposely overvalued. Most of the liability was purposely ignored. We are going to be on the hook for at least 500 billion more due some unresolved addict who needed to upstage daddy because daddy always liked Jeb better and didn't think I would amount to anything so there daddy I nailed Sadamn even though bin ladin was the one who attacked us.

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      Justice4All10 months, 1 week ago

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      Who needs manufacturing anyway. Life is much better if we all work in marketing and advertizing or just sell insurance policies to each other.
      Who wants to major in science or engineering. People make fun of you and rightly so. You work your butt off to get a degree while others party and then you get to work your butt off for some MBA business/marketing major who works 4 hours a day and earns twice as much.
      That's why the Japanese have taken over the manufacturing sector.

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      hamy10 months, 1 week ago

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      He he he. Heckuva job there Bushie!

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        Georgia5010 months, 1 week ago

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        Amazing how the same group bemoaning the absence of manufacturing infrastructure--and blaming Bush in the process--consist of the same group that wants pollution from manufacturing eliminated...while China and the Third World pollute at will using slave labor.

        Be careful what you wish for. You may get it.

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