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NAM on Outsourcing's Permanency |
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Written by Stumo
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Monday, 18 August 2008 |
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The National Association of Manufacturers has not been a friend to domestic manufacturing. Consider this comment in an article today speaking of a surge in U.S. food exports that is not accompanied by a surge in manufactured goods exports.
We have achieved a worldwide manufacturing base, and we are not going to shut down our factories overseas, said Franklin J. Vargo, vice president for international economics at the National Association of Manufacturers. But on the margin, we will shift a little bit of manufacturing back to the United States.
We see where NAM's priorities lie.
We can still produce food in this country, though long term
U.S. farmers are on the decline due to silly trade policies. Thus, with the change in the dollar, our food exports can increase again. But
manufacturing has been decimated here, and will take a while to come
back when we fix trade policy.
Josh Bivens provides a sobering perspective on food exports:
The historical data tell us clearly: dont get too used to commodity export booms; as any third world country will tell you, they tend to go away pretty quickly, said L. Josh Bivens, a trade expert at the labor-oriented Economic Policy Institute.
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In the news
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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy. Heft is the owner of Petrogen, Inc in Colorado Springs.
A few thoughts about manufacturing:
There is a great misunderstanding of the relationship- between money and wealth. The beginning principles with which we can all agree are a few and simple noble truths:
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive: food, clothing, shelter, ice cream & computers. It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.
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