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goofball
LSU Fan
Member since Mar 2015
4799 posts

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

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

Bloomberg

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.


Jack Bauers HnK
LSU Fan
Baton Rouge
Member since Jul 2008
3152 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
Them Obama policies finally taking effect.


therick711
Chicago Cubs Fan
South
Member since Jan 2008
21929 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
Can't be real. Those jobs aren't ever coming back. We shouldn't seek to make things in this country.


goofball
LSU Fan
Member since Mar 2015
4799 posts

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

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


I know, right?


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80
Wtodd
Missouri Fan
Tampa, FL
Member since Oct 2013
35822 posts

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

Them Obama policies finally taking effect

In the shredder sure


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110
Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
48885 posts

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


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
9449 posts

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


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220
goofball
LSU Fan
Member since Mar 2015
4799 posts

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


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
48885 posts

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


Infrastructure Spending bill will probably bolster this number for the next 5-10 years.
Depends, the Dems seem bent on fighting any additional major legislation prior to the 18 elections.


Rebel
Memphis Fan
Graceland
Member since Jan 2005
103317 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
More proof that Trump is a liar.



Because I’m still not getting tired of winning.
This post was edited on 1/3 at 10:57 am


goofball
LSU Fan
Member since Mar 2015
4799 posts

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


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40
Manzielathon
Texas A&M Fan
College Station
Member since Sep 2013
5170 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
Anytime this topic comes up I just have to pop in to say;

If you think this is an optimal allocation of American resources and is overall beneficial to our economic strength, development, and / or geopolitical grand strategy you are either:

(A) a factory worker with limited skills and education who just got a job

(B) someone who knows very little about the international economy


Now that that’s out of the way, let the downvotes rain from poliboard conservatives who claim to support free markets and America’s position as a global leader!

PS - I’m Libertarian, not a prog or liberal, so bring the heat you faux-conservatives.


goofball
LSU Fan
Member since Mar 2015
4799 posts

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


Oilfieldbiology
LSU Fan
Member since Nov 2016
2358 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
As someone whom looks at these numbers and am happy, educate me as to why I should feel this way. I view these numbers and think that new construction and manufacturing mean more demand for goods and services and therefore a strong economy. Where am I mistaken?


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
48885 posts

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


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Vacherie Saint
New Orleans Saints Fan
Member since Aug 2015
14158 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
Yes, but Trump isn't "popular", which is what's really more important than keeping promises and delivering results.


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10
Manzielathon
Texas A&M Fan
College Station
Member since Sep 2013
5170 posts

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


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
48885 posts

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

it’s not a big deal and potentially detrimental to our role in the global economy.
How?



Manzielathon
Texas A&M Fan
College Station
Member since Sep 2013
5170 posts

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


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32
Oilfieldbiology
LSU Fan
Member since Nov 2016
2358 posts

re: Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004
I’m looking at it on a similar time scale as you just mentioned. Hopefully the new commercial constructions are technology or natural resource based business (cutting edge or never going out of necessity) vs trinkets and other menial production that sweat shops and child staffed factories produce.

Also I’m hoping this finical betterment of these under skilled people will allow their children to not have to take minimum wage jobs to suplikent their household income but rather develop marketable, necessary skills taught in academic and vocational institutions.

Pie in the sky hope but probably but I’m refusing to be as negative about he middle and lower classes as I have been in the past. This group comprises the majority of our country and they need to be functional, educated, and participating members of our society or here we come venezuela


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