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The U.S. Economy Is In Much Worse Shape Than Most Americans Think
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11-09-2011, 11:18 PM
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Ecurrexchangess
Join Date
Oct 2005
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#1 According to U.S. Representative Betty Sutton, America has lost an average of15 manufacturing facilities a day over the last 10 years.
#2 Sadly, it looks like this trend is picking up momentum. During 2010, an average of 23 manufacturing facilities a day closed down in the United States.
#3 Since 2001, the U.S. has lost a total of more than 56,000 manufacturing facilities. I had a boss- the owner of the company, from 2003-2006... that always had all the answers. I told him my concern about the loss of manufacturing jobs and he flat out denied it. We sold to the OEMs- manufacturing our product into theirs. My boss insisted that only the low-paying junk jobs went away. I left the company- THANK GOD! for a much better job.
I went back to visit the old company 2 years after I left. They laid off half the company... probably worse now.
I watched factories close up and ship their operations to China. It was no frickin surprise to me in the 1990s. I saw the trend... and I know where that is leading.
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