Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004

Them Obama policies finally taking effect.

quote:

---

Can't be real. Those jobs aren't ever coming back.

---

I know, right?

In a separate report on Wednesday, the Commerce Department said construction spending rose 0.8 percent to an all-time high of $1.257 trillion in November. Construction spending advanced 2.4 percent on a year-on-year basis.

The manufacturing and construction reports added to data ranging from the labor market to housing and consumer spending in sketching a robust picture of the U.S. economy.

Gross domestic product estimates for the fourth quarter are converging around a 2.8 percent annualized rate. The economy grew at a 3.2 percent pace in the third quarter.

In November, spending on private residential projects soared 1.0 percent to the highest level since February 2007 after rising 0.3 percent in October. The increase was in line with a recent jump in homebuilding and supports the view that housing would boost economic growth in the fourth quarter after acting as a drag on gross domestic product since the April-June period.

Spending on nonresidential structures rebounded 0.9 percent in November after falling 0.2 percent in the prior month. Overall, spending on private construction projects climbed 1.0 percent in November to a record high. That followed a 0.3 percent increase in October.

Outlays on public construction projects rose 0.2 percent in November after jumping 3.5 percent in October. Spending on state and local government construction projects rose 0.7 percent. Federal government construction spending tumbled 4.8 percent. LINK

quote:

---

Spending on state and local government construction projects rose 0.7 percent. Federal government construction spending tumbled 4.8 percent. LINK

---

Infrastructure Spending bill will probably bolster this number for the next 5-10 years.

More proof that Trump is a liar.



Because I’m still not getting tired of winning.

quote:

---

Because I’m still not getting tired of winning.

---

I am tired of his winning over global warming. It's too damn cold outside.

quote:

---

Depends, the Dems seem bent on fighting any additional major legislation prior to the 18 elections.

---

Infrastructure is going to be hard to vote against.

quote:

---

Infrastructure is going to be hard to vote against.

---

If they don't drop the dreamers onto the spending bill they will tack it onto infrastructure, they need to build a case for minorities to vote for them in large numbers, it's all about get out the vote cock blocking from now until 2018.

Admittedly, my stance is based on the long term (25+ years) picture of American economic, political, military, and cultural dominance.

I concede that in the short term, this does immensely benefit a sizeable, but not massive, population of low-middle income earners in this nation with a narrow range of skills and education levels. But over the decades, it’s not a big deal and potentially detrimental to our role in the global economy.

America has already lost the manufacturing battle, and it will continue to get worse. Developing countries should be manufacturing things that we buy.

Putting it as simply as possible, our strengths aren’t labor / manufacturing. Our strengths are capital and technology. The only “manufacturing” we should be doing is of things that require immense amounts of either of those two factors.

Just because more things are being made in America, doesn’t mean the average American consumer will be purchasing those goods.

Some of you may be “American Made Only” Baws, but that is not typical of the entire population. Most people will still buy foreign products at lower prices.

What I’m talking about is very general though and changes drastically based on what exactly is being manufactured.

By not allocating our factor endowments in an optimal manner.

America can still have a great economy either way, but my point is we’d really be limiting ourselves by focusing on bringing back manufacturing jobs.

If Americans won’t buy American made products, and opt for foreign goods, why would the rest of the world buy them?

In my opinion, which is based on general knowledge of the international economy and how markets work, focusing on putting our time, effort, capital, and labor resources into the manufacturing of minor goods that there won’t be high demand for due to their price point is detrimental to our nation in the extremely long term.