Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Does the US Make Anything Anymore?

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AP
Tuesday, Feb 17, 2009

It may seem like the country that used to make everything is on the brink of making nothing.

In January, 207,000 U.S. manufacturing jobs vanished in the largest one-month drop since October 1982. Factory activity is hovering at a 28-year low. Even before the recession, plants were hemorrhaging work to foreign competitors with cheap labor. And some companies were moving production overseas.

But manufacturing in the United States isn’t dead or even dying. It’s moving upscale, following the biggest profits, and becoming more efficient, just like Henry Ford did when he created the assembly line to make the Model T.

(ARTICLE CONTINUES BELOW)

Does the US Make Anything Anymore? 335x205 graph128c aj

The U.S. by far remains the world’s leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 — nearly double the $811 billion in 1987. For every $1 of value produced in China’s factories, America generates $2.50.

So what’s made in the USA these days?

  • A d v e r t i s e m e n t

The U.S. sold more than $200 billion worth of aircraft, missiles and space-related equipment in 2007. And $80 billion worth of autos and auto parts. Deere [DE 36.11 -1.19 (-3.19%) ] , best known for its bright green and yellow tractors, sold $16.5 billion worth of farming equipment last year, much of it to the rest of the world. Then there’s energy products like gas turbines for power plants made by General Electric [GE 11.44 -0.24 (-2.05%) ] (GE is the parent company of CNBC), computer chips from Intel [INTC 13.88 -0.12 (-0.86%) ] and fighter jets from Lockheed Martin [LMT 78.47 1.09 (+1.41%) ] . Household names like GE, General Motors [GM 2.50 -0.15 (-5.66%) ] , IBM [IBM 93.84 -1.23 (-1.29%) ] , Boeing [BA 40.48 0.62 (+1.56%) ] , Hewlett-Packard [HPQ 35.87 0.63 (+1.79%) ] are among the largest manufacturers by revenue.

Full article here

This article was posted: Tuesday, February 17, 2009 at 4:08 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Huge Victory Against Monsanto Revealed See the rest on the Alex Jones YouTube channel.

NSA Insider Reveals Shocking Ebola News See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.