Tag: jobs

Man oh man, if there ever was a prime example of a revelation of the greatest flaw in libertarian economic theory, it had to be Alan Greenspan’s speech.  For those not in the know, the former Federal Reserve Chairman spoke before a Congressional committee yesterday.  Long one of the grand proponents of laissez fair capitalism, his decisions, ironically, probably has lead to the complete discrediting of such economics.  

Happy Monday, folks, I do hope you all had a good weekend!  Welcome to another installment of Manufacturing Monday!  Now things are looking bad out there, as many of you probably already know.  We start out with more dire jobs news at GM. Turning to some good news, it seems economic forces that made us “costly” has now turned the tables of sorts, with ironically the biggest pusher of China, Wal-mart (or is it Walmart?  I’ve seen this store both ways.) forcing suppliers to look domestically.  Lastly, we got Honda moving more work to North America. But first, as is par for the course, we get to the latest economic info related to manufacturing.  So without further adieu…

(Editor’s note: My sincerest apologies, I had planned to post this thing up this morning.  But alas, my hard drive with the notes ended up saying it would mimic John McCain’s economic plan, and collapse on me. Several hours later looking for a hard drive and attempting to reinstall Vista, I’m up and running. So this is an abbreviated version of what I had planned.  Once again, sorry, rest assured I will make up for this. )

Right now, you probably have heard that Lehman Brothers is no more, and the Merrill Lynch is now a vassal of Bank of America. Well things on the manufacturing side ain’t looking that great.  

Greetings everyone, I hope your weekend was fantastic.  Welcome to another edition of Manufacturing Monday!  Some exciting and interesting stuff to cover this week.  First the big time strike happening at Boeing. Then theres computer maker Dell looking to sell of ALL of it’s factories, and finally could Saudi Arabia claim to be Mecca of solar energy beside crude oil??  

Amazingly, in the past several months I’ve been called a racist 3 times, more than anytime in my life!  The first time was when the Jeremiah Wright thing broke out and I defended the guy, I was called bigoted against whites.  Then, just the other I was called first "pro-Black" then "racist against whites" because I favored Barack Obama over that walking museum piece from Arizona.  Now, today, the conservative economic blog site, Carpe Diem, is labeling people like me racist for demanding things be made in this country!

For anyone whose read my pieces in the past, knows that I hold a certain disdain towards former Reagan White House OMB Associate Director/conservative-libertarian Ayn Rand acolyte Larry Kudlow.  It’s nothing personal against the guy, it’s his ideas and economic policy objectives that I find fault with.  For the past couple of months, he’s been going on about this is the “Goldilocks economy.”  Essentially, that we’re worrying about nothing because one bad economic indicator is being offset by a good one (mind you, he’s often just used productivity as that one).  Well today, despite his claims that all is almost well, we got some news that just proves Larry Kudlow wrong!  

Greetings folks, welcome to another edition of Manufacturing Monday.  Sorry about last week, it’s normally my goal to have a new edition out on the first day of the week, but sometimes life can be unpredictable and throw you a curve ball. Well, several interesting things this week ranging from manufacturing activity to California looking to gain Tesla’s plants.  Plus the Financial Times reports on China dethroning the US from it’s Manufacturing title.

(Author’s note: Much thanks to Bondad for the data, without him, I could not complete this. )

It seems Congress is looking into getting the tax code to work in bringing jobs here.  Also, on the inflation front, Dow Chemical is reporting that material costs have become a financial tumor.  Folks, welcome to another edition of Manufacturing Monday!

<sup>Cross posted on

The Economic Populist –

A Community Site for Economics Freaks and Geeks</sup>

Failure in war can be a bad thing.  Failure in business can be a personal loss, and in some instances a detriment to the economy.  With the recent calamity hitting the two largest mortgage lenders, not to mention other large American business concerns, it seems to a select few that failure is indeed a viable and good option.

A gamble with very high stakes is being openly promoted by adherents to a free-market orthodoxy.  These individuals, gaming on anger and the perceived loss of utility of these given enterprises, are pushing the public onto this wager.

Archived from the OAC Blog, shutting down today

BruceMcF in Arguments & Analyses

4/18/2006 at 1:13 PM EST

Why are the experts wrong so often about the impact of “free trade”?

What is wrong with “fair trade” agreements?  Why is it that the North American Free Trade Agreement (NAFTA) was sold as a job creator but turned out to be a destroyer of jobs both North and South of the border?

Its very simple.  The arguments for these so-called “free trade” agreements are about how the agreements work in a make-believe world.  The make-believe world is different from the real world in very important ways.  So when set loose in the real world, the predictions turn out to be false.

Why should ordinary people care about “fair trade”?

The thing is, there is a lot to like about that make-believe world.  If we could move the real world closer to the make-believe, it would benefit America.  And that’s what I call a fair-trade agreement — a system that tries to actually deliver the benefits that so-called “free trade” agreements can never deliver.