Obama America Squanders 110-Year Record As World’s Top Manufacturer

Obama’s hope and change is working great – for China.

It has been an unmitigated disaster for the United States.

Under the leadership of Barry Hussein, America will slip to second-class status before descending to banana republic status.

China to overtake US as World’s biggest manufacturer in 2011
Posted by Europe on Jun 22nd, 2010

The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production.

The figures are revealed in a league table being published on Monday by IHS Global Insight, a US-based economics consultancy.

A 110-year consecutive run is no match for the biggest failure to ever occupy the White House.

Mind you, the White House doesn’t much care.  Tax-cheating Treasury Secretary Timothy Geithner uttered an apologetic note that the US can no longer drive global growth.

Obama openly acknowledges that America will no longer the engine of economic growth as long as he continues his misrule:

OBAMA:  The US economy for a long period of time was the engine of world economic growth.  We were sucking in imports from all across the world financed by huge amounts of consumer debt.  Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.

How’s that for a “can’t do” attitude.  “Yes we can,” you say?  Apparently not!

Hey, I have an idea: why don’t we borrow another three trillion dollars from China, squander it stupidly, and then pay the Chinese exorbitant interest rates that eat us alive for the next 20 centuries or so?  And, of course, we can just give all our land to them if we can’t make good on the payments.  That ought to help us, right?

The American people sure aren’t able to buy homes a year and a half into Obamanomics.

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4 Responses to “Obama America Squanders 110-Year Record As World’s Top Manufacturer”

  1. codecrackx15 Says:

    I’ve been saying for years that this was coming. We’re getting to the point where we don’t make anything anymore, all we do is sell it. We’re one huge gigantic sales floor for the rest of the world.

  2. Michael Eden Says:

    Sales floor for the world. I like that.

    We won WWII by outproducing our enemies. I remember reading the autobiography of Mitsuo Fuchida – the Japanese pilot who led the Pearl Harbor air attack (and who is credited with saying “Tora, Tora, Tora!”).

    He broke his leg at Midway, and was recuperating on a small island. He heard the approach of planes and hopped out of his room. What he saw made him cut short his recovery and go to Tokyo.

    He told the Japanese staff, “Yesterday, I saw more American planes flying over one tiny island than Japanese intelligence say exist in the entire world. American productivity is going to overwhelm us!”

    We could build more planes, more tanks, more ships than any other nation on earth. And we could build them better.

    Something happened. It was called “unions.” The destruction of our manufacturing base was – dare I say it – “progressive.” The price of our labor, the unsustainable benefits businesses have to pay, the restrictions preventing business from acting in its clear best interests, have led to one outcome: unions have destroyed every single industry they have infiltrated.

    American labor is today so expensive that American labor can no longer compete. It is cheaper, and wiser, and better to build overseas. And that will continue until the back of organized labor is finally broken, or until America collapses, whichever comes first.

  3. codecrackx15 Says:

    I do agree that unions are despicable and horrible but I can also see a middle ground and break Party thought. I have no problem with greed and making money but somewhere along the line the american worker has been sold out and that is also a shame. Even if we did away with unions it would still be cheaper to outsource to 16 hour a day sweat shops and that is where individual companies need to make a decision.
    The company I work for is all about the numbers and the bean counters and while it makes sense for the bottom line it also sucks for the American workers. My company went private then bought a tremendous amount of technology (I’m on the IT side of it) that would have never been passed by any public board and then pushed it out the back door just so they could lay off some 4500 people by leveraging technology (that is a pain and so far is more trouble than it is worth) and now it’s been 3 years and they are going public for their third time.
    So while I do agree unions suck the companies do have to shoulder some of the blame for the lay offs out there. At some point American companies need to also say “hey, America first.”
    I wish it could all be laid at the foot of the unions but it is spread out among many variables.

  4. Michael Eden Says:

    I agree with what your saying, that many corporations/businesses are only fixated on their bottom lines.

    But there’s a nexus to the unions: they were instrumental in creating the hostile workplace, in which management and labor became so antagonistic to one another. They made labor so expensive that business started contemplating outsourcing.

    It used to be that the average CEO made 40-50 times what the average worker made; now the figure is pushing 1000 times.

    That’s downright evil. But the unions helped create it.

    The other thing I would say is that there comes a point when a system becomes so broken that merely changing one thing – even the thing that caused the problem to begin with – can’t fix the disaster. We may well be at that point.

    Obviously, what America needs to do is return to manufacturing of quality, high-technology goods. The American worker is far more productive than the “low wage” labor; we CAN compete.

    But when unions are there to demand that they get all the jobs, and be paid unsustainable wages/benefits, there is no way to move forward.

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