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How Can the U.S. Economy Recover Without Manufacturing Capacity?

"You can't put people to work in American factories that don't exist."

The strength of the federal economic stimulus package is seriously diluted by the fact that many of the manufactured goods that will be purchased for the attempted recovery must be imported from outside the United States. America simply doesn't make lots of things, anymore. That means many billions of dollars that folks assumed would go towards fueling an American economic comeback, will instead provide work and paychecks to employees in other countries, that still have manufacturing bases. That's fine with the U.S. Chamber of Commerce, which is dominated by large multinational corporations - the same guys that began stripping the United States of manufacturing jobs decades ago.

The U.S. Chamber of Commerce was one of the main lobbyists opposed to provisions that would have mandated that stimulus money go to U.S. companies. The Chamber is a U.S. organization in name only, like its finance capital comrades, the guys that gave the world such a bad case of the dreaded "American Disease," much of the planet is praying that cash-rich China will eventually bail everybody out.

Read more at: http://www.marketoracle.co.uk/Article9109.html

My comment - The O'administration's feet are moving, but they're not really going anywhere.



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It will be a very long process to rebuild manufacturing

capacities that we once had, in the interm we will be a "banna republic" with a socialist government hindering progress. Thanks to the dumbing down of our voter base I can see no other future.
Unless secession of the States occurs.

Agricultural capacity.

Or, build factories. Or, value-added international service economy (e.g. actually successful internet businesses like amazon, google). However, the only way to do this is to let Capitalism explore new market opportunities, and fail along the way, leaving the winners to make money and survive.

it can't

thats the elephant in the room that we are not allowed to see.

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woo hoo!

good point

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It can't

Learn to grow a garden.

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for sure man. the food

for sure man. the food supply chain in the US is extremely limited in its capacity to deal with interruptions and if we lose world reserve currency status you can bet your @ss there will be disruptions.