Holy Crap.. I don't get it..

[winter brew]

You have to manufacture what other countries need and can pay for.
We also need to buy our own products, even if they cost more.
I work for the biggest exporter in the US...Boeing. We are bidding for the new AirForce tanker with Airbus. Even if the Boeing unit costs more, the US would be absolutly crazy to buy foreign. All the jobs added in the US means all those people spend more $$ AND pay more taxes....essentially giving some of the tanker costs back to the Govt. Buy foreign and that $$ is gone.
Same goes for ANY US product, it creates/keeps jobs here, more people paying into the system...bla...bla...bla.....it creates a circle of prosperity from raw materials to mfr'ing, to sales, to taxes etc... at least that's how my simple mind sees it.

 

[ruffryder]

You have to manufacture what other countries need and can pay for.
We also need to buy our own products, even if they cost more.
I work for the biggest exporter in the US...Boeing. We are bidding for the new AirForce tanker with Airbus. Even if the Boeing unit costs more, the US would be absolutly crazy to buy foreign. All the jobs added in the US means all those people spend more $$ AND pay more taxes....essentially giving some of the tanker costs back to the Govt. Buy foreign and that $$ is gone.
Same goes for ANY US product, it creates/keeps jobs here, more people paying into the system...bla...bla...bla.....it creates a circle of prosperity from raw materials to mfr'ing, to sales, to taxes etc... at least that's how my simple mind sees it.

Nope, you are absolutely correct, though I would think you would have to say that Boeing corporate also sees that, and uses it to its advantage as well.

 

[ruffryder]

So let me ask, is manufacturing domestically vital to our economy? With seemingly everything made overseas and no change on the horizon, what will drive the future of the US economy? Technology, energy, medical, internet???

I ask, because I don't know the answer. Will the US economy thrive in the future if it's NOT based on manufacturing?

Someone on here said 'nothing' is made in Canada, yet they seem to be doing better than we are. So is manufacturing the only road to our successful future or are there other avenues?

I don't think the lack of manufacturing is the biggest problem, it is the huge imbalance in trade. With the large imbalance we are net exporters of our wealth, to other countries for stuff. Stuff that decreases in value, unlike the wealth which is easily used to create more wealth.. I think this is the biggest issue. As to not having any manufacturing, I think that is a big problem. Manufacturing provides lots of low and medium level jobs to people, and that is a good thing to have. We can't be a country of only salesmen and professionals...

 

[mold]

Shut up! Just shut up! He doesn't get it! He'll never get it! It's been 4 hours! The cows can tape something by now! Forget about it please!

 

[Hardass]

How could energy drive the economy? we can not even provide our own energy needs how can we provide it for others? Medical?How by charging more for perscriptions?And what about the internet? How can you make money on it unless you have something to sell?I don't think putting all your photos and info on face book will make ant thing.By twittering HaHaHa. You have to have something that someone wants to buy and have buyers from other places buying so that you import money not the opposite.Technology Has been great for developing machines that can do the work of a hundred men.Personally i can not see the future at all i guess i'm to old to look that far a head. What i think i see is not very pretty. Fact is things are changing rapidly.

 

[03rmking]

Internet based business is a HUGE industry and it's not just a product industry. It's also a huge service industry. Take Google for example. They did $23B in ad revenue in 2009 and have posted a 23% increase in Q1 of 2010. But I thought USA is in a recession? Fact is Google, is a world wide platform for information and advertising. They are bringing in billions of dollars from around the world with the service that was created here in the US. All while manufacturing and exporting virtually no tangible products.

As for energy, think of the boost in the economy and employment if we were able to tap into only a fraction of what we have available here in the USA?

Manufacturing is hugely important. But it's not the only problem and/or answer to the economy.

I say the biggest problem is the govt. How about we get a business friendly administration in place to start things in the right direction??

 

[Hardass]

I agree on the net buisness thing but some one is selling products some where or theres no advertising. And though there are more companys doing what your saying, theres not room for 1,000 companys just like it.If we had manufacturing here that had world wide platforms and could export it that would be great.Every one can not run buisnesses with no tangible goods. You can't eat , wear or wipe your a$$ with just information. Our gov is a huge problem ,every one is bought off and this has to be corrected before we can move ahead. And i have said it before were saving our energy untill we use up the rest of the worlds first.The world as a whole has issues.

 

[03rmking]

Not entirely true. There's a big 'chunk' of service based businesses online. People selling people nothing they can hold in their hands.

My Google example was showing there are serious (and very large) industries (where the major players are US based) where companies are exporting services worldwide and bringing in huge money to this country without manufacturing.

Online consumer spending is at $156b. Online advertising is expected to reach $110b by 2015. This is an industry that didn't even exist 15-20 years ago.

So yes times are definitely changing and manufacturing is declining, but it's not all doom and gloom. I'd like to think we as a country are evolving, not devolving. Hard times? Sure, but we need to trim the fat in this country. Lets start in DC.

 

[03rmking]

And to state the obvious, nothing good will come until we change the current mentality of rewarding mediocrity and penalizing hard work and success. I don't care what industries we have or don't have, if people have no desire to succeed, nothing will get accomplished.

 

[Hardass]

I'm going to a barbaque in the Yaak so see you later Tom and all, i hear summer is coming tomarrow?

 

[03rmking]

I'm going to a barbaque in the Yaak so see you later Tom and all, i hear summer is coming tomarrow?

You should be working to help boost the economy! It's not 5pm yet

 

[ruffryder]

I say the biggest problem is the govt. How about we get a business friendly administration in place to start things in the right direction??

I think the government is doing pretty good for businesses. Unfortunately, not for the small ones, that are the backbone of this country.. I like small businesses, most people I know work for one..