“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago.
How long will it take for Americans to realize they’ve been had by their own corporations? US jobs are not coming back because the factories will not re-open, because those factories are now in communist China. This did not happen in previous recessions, except to a smaller extent where there was a manufacturing scare in the 1980s when Japan was taking manufacturing jobs.
“The stated plan was that different parts of the world would be assigned different roles of industry and commerce in a unified global system. The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that. Each part of the world will have a specialty and thus become inter-dependent, he said. The US will remain a center for agriculture, high tech, communications, and education but heavy industry would be “transported out.” Dr. Richard Day to a meeting in March 1969 that American industry will be sabotaged and shown to be uncompetitive
US corporations began outsourcing and off-shoring jobs to China shortly after they were able to convince the US government to dismantle trade and investment regulations, about 10 years ago.
All the corporations thought this was great because they could employ people in China for 10cents/hour and still sell the stuff for the same price back home in the US. How long could this continue? – for as long as the consumer and US government could continue borrowing. Time is almost up.
The US will soon have no choice but to either slap import restrictions on products from China, or devalue their currency so they can keep borrowing. Either way, the whole corporate deck of cards is going to collapse. After that the rebuilding can begin. We must bring back the manufacturing jobs.
Emerson’s Farr Says U.S. Is Destroying Manufacturing
By Will Daley
Nov. 11 (Bloomberg) — Emerson Electric Co. Chief Executive Officer David Farr said the U.S. government is hurting manufacturers with regulation and taxes and his company will continue to focus on growth overseas.
“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago at a Baird Industrial Outlook conference. “Cap and trade, medical reform, labor rules.”
Emerson, the maker of electrical equipment and InSinkErator garbage disposals with $20.9 billion in sales for the year ended September, will keep expanding in emerging markets, which represented 32 percent of revenue in 2009. About 36 percent of manufacturing is now in “best-cost countries” up from 21 percent in 2003, according to slides accompanying his speech.
Companies will create jobs in India and China, “places where people want the products and where the governments welcome you to actually do something,” Farr said.
The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983. Emerson, which Farr said employs about 125,000 people worldwide, has eliminated more than 20,000 jobs since the end of 2008 to lower expenses.
“What do you think I am going to do?” Farr asked. “I’m not going to hire anybody in the United States. I’m moving. They are doing everything possible to destroy jobs.”
Emerson, based in St. Louis, fell 7 cents to $41.35 at 4:15 p.m. in New York Stock Exchange composite trading. The shares have risen 13 percent this year.
“This attack isn’t supported by the facts,” Kevin Griffis, a spokesman for U.S. Commerce Secretary Gary Locke, said today in an e-mail from Singapore, where they are attending the Asia-Pacific Economic Cooperation meetings.
“This administration has made a significant commitment to U.S. manufacturing, including reforming the country’s health insurance system to bring down costs and make American companies more competitive globally,” Griffis said.
Mature markets such as the U.S., Western Europe and Japan continue to decline in importance and the company will keep investing in emerging markets, Farr said during the presentation.
“We as a company today are putting our best people, our best technology and our best investment in these marketplaces to grow,” he said. “My job is to grow that top line, grow my earnings, grow my cash flow and grow my returns to the shareholders. My job is not to shrink and roll over for the U.S. government.”
You can read the full article at Bloomberg News
Why is this being allowed to happen?
According to the 21 goals of the commitee of 300:
To bring about the end to all industrialization and the production of nuclear generated electric power in what they call “the post-industrial zero-growth society”. Excepted are the computer- and service industries. US industries that remain will be exported to countries such as Mexico where abundant slave labor is available. As we saw in 1993, this has become a fact through the passage of the North American Free Trade Agreement, known as NAFTA. Unemployables in the US, in the wake of industrial destruction, will either become opium-heroin and/or cocaine addicts, or become statistics in the elimination of the “excess population” process we know of today as Global 2000 (John Coleman, 1992).
The U.S. leads the industrialized world in both productivity and annual productivity increases. While this can always improve, MILLIONS of decent middle class manufacturing jobs around the nation have been lost the past 10 years, even though we’re the most productive.
The UAW jobs aren’t even the ones moving to Mexico, in general. The ones moving to Mexico include the hundreds of small factories throughout the Midwest and Midsouth where workers made $10-12 per hour, that are now closed. It is also not just factorois and “dirty work” going to these countries; it is also service jobs and other high-tech work as well.
What has happened the past 10 years ? NAFTA happened, making it desirable and easy for jobs to move to Mexico. “Free” trade with Communist China happened. This allows the Communists to have essentially total and free access to the U.S. market, while they import essentially nothing from the U.S.
Dick DeVoss taught Michigan a great lesson while he ran for governor. When asked about his Amway factory in China, and why he didn’t sell to China from his plant in Michigan, he said the answer was simple: “Chinese law REQUIRED him to produce in China in order to sell in China”.
Out-witted by a bunch of Communists ! They’re better at this capitalist thing than the Western world is, and that is pathetic ! The answer? End “free” trade; rework NAFTA significantly. Email your Senators and Representatives – tell them this is what you want done ! Or, kiss more and more jobs goodbye !
The Collapse of Detroit: Ground Zero for the Globalist’s Deindustrialization Agenda
Aaron Dykes Infowars October 30, 2009
“Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?” – Maurice Strong, 1992
It’s a history where the bankers have embedded themselves into the economy, building up infrastructure for a time, then bringing down the system within the United States in concert with the international economic warfare and the rise of global government.
It’s the collapse of Detroit, and like the Great Depression of the 20th Century, the looming Greater Depression of the 21st Century, and the collapse of Building 7 and the Twin Towers, it was a staged collapse. This stage of the game is De-industrialization.
Inside this agenda is a plan for global government to emerge from the ashes of the once great United States and for the era of national sovereignty itself to subside. To achieve their goal, an economic squeeze is placed upon the nation and environmental pretexts are being used to strangle independence and viability– in America it has been the NAFTA, GATT, WTO and United Nations treaties that have wrecked her integrity and pillaged her productiveness.
A key agent of the Rockefeller family, Dr. Richard Day, the National Medical Director of the Rockefeller-sponsored Planned Parenthood, told a meeting in March 1969 that American industry will be sabotaged and shown to be uncompetitive. He said:
“The stated plan was that different parts of the world would be assigned different roles of industry and commerce in a unified global system. The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that.”
“Each part of the world will have a specialty and thus become inter-dependent, he said. The US will remain a center for agriculture, high tech, communications, and education but heavy industry would be “transported out.”
You can find the full article hosted at Infowars.com