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i was watching the Rachel Maddow repeat. During her interview with Rep

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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:18 PM
Original message
i was watching the Rachel Maddow repeat. During her interview with Rep
Edited on Fri Dec-05-08 10:32 PM by BrklynLiberal
Barney Frank, she asked him if he thought other manufacturing industries would come to the govt and ask for money since the Dems had arrived at a possible deal to give the big 3 auto companies a loan.
I have a question. Are there any other big manufacturing industries left in the US?


Edited to put Barney Frank back in the House of Reps.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:27 PM
Response to Original message
1. I WISH he were a senator. nt
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:31 PM
Response to Reply #1
2. oops.
Edited on Fri Dec-05-08 10:31 PM by BrklynLiberal
Thanks..
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:34 PM
Response to Original message
3. I asked myself that same question
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 06:40 AM
Response to Reply #3
20. Steel in Ala., Boeing in Wash, ships in VA, & Miss.
Extractive industries such as coal and oil don't really count the same.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 02:19 PM
Response to Reply #20
22. Thanks, MW
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mth44sc Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:34 PM
Response to Original message
4. What comes to mind is steel
but they too have a huge stake in the big 3 loan...

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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:44 PM
Response to Reply #4
13. Iron mines here in NE MN. Eveleth was shutting down.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:07 AM
Response to Reply #13
17. The prognosis for Steel is not that good...
http://www.bsu.edu/web/acmaassel/steel.html

Employment

Employment in the steel industry has declined to about 225,000 wage and salary jobs in 2000, less than half its 1980 level. The rate of decline however has slowed in recent years. The steel industry has mostly been located in the eastern and Midwestern regions of the country were iron ore, coal, or one of the other natural resources required for steel are found. Even today 47 percent of steel workers are located in Pennsylvania, Ohio, and Indiana.
Earnings in the steel industry vary by occupation and experience but are higher than average earnings in private industry. The average weekly earnings for a no supervisory production workers in 2000 were $870 in the steel, compared with $597 in all manufacturing.
Employment in the steel industry is expected to decline by about 22 percent over the 2000-2010 period, primarily due to increased use of labor-saving technologies and machinery. Employment levels in coming years will be greatly affected by the ability of steel makers located in the United States to compete with imports from abroad. (Bureau of Labor 2000)
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:37 PM
Response to Original message
5. That's a good question. n/t
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 10:47 PM
Response to Original message
6. Here's the top 500 U.S. Manufacturers..
Edited on Fri Dec-05-08 11:05 PM by stillcool47
http://www.industryweek.com/research/us500/2007/iwus500...

but I don't know how many people they actually employ in the U.S....
edit to add what looks like a very informative site..lots of links.


http://www.americaneconomicalert.org/default.asp
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:09 PM
Response to Reply #6
7. Aside from the airplane manufacturers, I think that many of those do not
actually MANUFACTURE anything...I cannot consider oil and energy companies as MANUFACTURING anything. Most of those that do actually create something either have the parts created overseas and assembled here, or the goods are completely imported.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:09 PM
Response to Reply #6
8. Most of them don't really manufacture in the U.S.
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:24 PM
Response to Reply #8
12. I'm sure that for many, most
Edited on Fri Dec-05-08 11:28 PM by stillcool47
of their manufacturing base has been out-sourced. We have Varian, and I think some Defense Manufacturing, as well as furniture and shoes.
..but this link really has a lot of info..
http://www.americaneconomicalert.org/default.asp
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:11 PM
Response to Reply #6
9. The news from the American Economic Alert site is not good..
Edited on Fri Dec-05-08 11:16 PM by BrklynLiberal
GLOBAL TECHNOLOGY TRENDS

Estimated global consumer electronics products revenue, 2008: $223 billion

Estimated North American share of this revenue: 4%

Estimated North and Southeast Asian share of this revenue: 49%

Estimated global computer hardware revenue, 2008: $514 billion

Estimated North American share of this revenue: 12%

Estimated North and Southeast Asian share of this revenue: 64%

_______________________________________________________________________________________________________________________
CHINA DEFICIT KEEPS RISING AS U.S. EXPORTS TANK
The decline in the September trade deficit masks a serious decline in manufacturing. U.S. exports to China fell sharply. The figures in general show that the so-called "export boom" highly touted by free trade advocates is over -- although it never existed in the first place.

________________________________________________________________________________________________________________________
Dire Economic News Present Immediate Challenges for President-Elect
The dismal jobs report today confirms that the U.S. economy is sliding deeper into recession. Unless President Obama hits the trifecta of fixing the banks and financial system, curbing oil imports significantly, and reducing the trade deficit by, inter alia, ending predatory Chinese trade practices, we are in for an economic free-fall that will make the current economic situation look like a walk in the park.
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:19 PM
Response to Reply #9
10. are you familiar with that site?
I just stumbled across it, but it looks very informative.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:20 PM
Response to Reply #10
11. Had not seen it before your link..it seems like a source of lots of info..
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Hanse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:57 PM
Response to Original message
14. I bet the airline industry is next.
I think Frank's been blowing smoke when it comes to the idea that this is the last of the bailouts.
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JanusAscending Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:06 AM
Response to Reply #14
15. I say it's going to be Amtrak!!
Public trans. is sorely needed in the Northeast corridor, and some lines are cutting back on their trains here in Ct. A lot of people are giving up their cars for work transportation via rail. We need a lot more local buses here as well.
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:08 AM
Response to Reply #15
18. People should address their local pols for such.
.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:08 AM
Response to Reply #15
19. So, the auto companies can be used to make the new railroad cars, and we should
make sure that they use only American made steel
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 06:43 AM
Response to Reply #15
21. Prez. Bush actually just gave a large chunk of change to Amtrak, but...
of course, it's not enough.
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:06 AM
Response to Original message
16. Maybe not.
I think steel is gone.
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