Filed under: Capitalism, Economy | Tags: American Manufacturing, Economist Mark J. Perry, It is Made Here
This recession has been a particularly bad time for American manufacturing. Foreign competition has been fierce, and this administration has not been friendly to business, or friendly to foreign trade. They were forced to the wall, says Investors Business Daily, and have gone through “the most dramatic transition since World War II.”
Manufacturing companies have stored up cash and are investing in new factories, new technologies, job training, acquisitions and going global. The Census Bureau reports that American exports rose 21% in 2010 putting us back in second place among world exporters. 85% of all goods exported in 2010 were manufactured goods.
Contrary to rumors, the United States is still the world’s largest manufacturing country, in terms of the dollar value of goods.
The top 500 U.S. manufacturing firms had sales in 2010 of $4.5 trillion, greater than Germany’s GDP. The company ranked at #500 for 2010 was Polymer Group with $883 million in sales. There are probably, says Professor Mark J. Perry, thousands of additional medium and small-sized companies with annual revenue less than %883 million that generate billions of additional dollars in sales for U.S. manufacturers.
They say that “nothing is made here anymore.” They’re wrong.
Filed under: Foreign Policy, Middle East, Military, National Security, Terrorism | Tags: Humility and Graciousness, No Perfect Solutions, Personalizing the Presidency
Victor Davis Hanson called attention today to a few excerpts from President Obama’s speech on Sunday night about the killing of Osama bin Laden:
“Tonight, I can report . . . And so shortly after taking office, I directed Leon Panetta . . . I was briefed on a possible lead to bin Laden . . . I met repeatedly with my national security team . . . I determined that we had enough intelligence to take action. . . . Today, at my direction . . . I’ve made clear . . . Over the years, I’ve repeatedly made clear . . . Tonight, I called President Zardari . . . and my team has also spoken. . .These efforts weigh on me every time I, as Commander-in-Chief . . . Finally, let me say to the families . . . I know that it has, at times, frayed. . . .”
Most of these pronouns, Professor Hanson noted, could have been replaced by either the first-person plural (our-we) or proper nouns (the United States, America). They reflect instead an Obama trait of personalizing the presidency.
Good news is reported by Obama in terms of “I”; bad news is delivered as “reset,”
the previous administration,” “in the past.” All good things are due to Obama himself. All bad things are left over from George W. Bush.
In this case, a lot of credit was due to George W. Bush, to Ronald Reagan who supported Special Forces, to the military itself, and to all those who went into harm’s way trying to locate bin Laden over the years.
Dr. Hansen goes on to compare the actions of Senator Obama and President Obama. Obama may really hate President Bush, but he’s adopted most of his policies. Idealism may demand that things “should” be done differently, but the real world is a difficult and unforgiving place. Perhaps President Obama is beginning to learn that. There are no perfect solutions, only trade-offs.
ADDENDUM: Here, thanks to Ace of Spades, is the speech given by George W. Bush on December 14, 2003:
Good afternoon. Yesterday, December the 13th, at around 8:30 p.m. Baghdad time, United States military forces captured Saddam Hussein alive. He was found near a farmhouse outside the city of Tikrit, in a swift raid conducted without casualties. And now the former dictator of Iraq will face the justice he denied to millions.The capture of this man was crucial to the rise of a free Iraq. It marks the end of the road for him, and for all who bullied and killed in his name. For the Baathist holdouts largely responsible for the current violence, there will be no return to the corrupt power and privilege they once held. For the vast majority of Iraqi citizens who wish to live as free men and women, this event brings further assurance that the torture chambers and the secret police are gone forever.
And this afternoon, I have a message for the Iraqi people: You will not have to fear the rule of Saddam Hussein ever again. All Iraqis who take the side of freedom have taken the winning side. The goals of our coalition are the same as your goals — sovereignty for your country, dignity for your great culture, and for every Iraqi citizen, the opportunity for a better life.
In the history of Iraq, a dark and painful era is over. A hopeful day has arrived. All Iraqis can now come together and reject violence and build a new Iraq.
The success of yesterday’s mission is a tribute to our men and women now serving in Iraq. The operation was based on the superb work of intelligence analysts who found the dictator’s footprints in a vast country. The operation was carried out with skill and precision by a brave fighting force. Our servicemen and women and our coalition allies have faced many dangers in the hunt for members of the fallen regime, and in their effort to bring hope and freedom to the Iraqi people. Their work continues, and so do the risks. Today, on behalf of the nation, I thank the members of our Armed Forces and I congratulate ‘em.
I also have a message for all Americans: The capture of Saddam Hussein does not mean the end of violence in Iraq. We still face terrorists who would rather go on killing the innocent than accept the rise of liberty in the heart of the Middle East. Such men are a direct threat to the American people, and they will be defeated.
We’ve come to this moment through patience and resolve and focused action. And that is our strategy moving forward. The war on terror is a different kind of war, waged capture by capture, cell by cell, and victory by victory. Our security is assured by our perseverance and by our sure belief in the success of liberty. And the United States of America will not relent until this war is won.
May God bless the people of Iraq, and may God bless America.
Filed under: Democrat Corruption, Domestic Policy, Economy, Energy, Politics | Tags: Anti-Energy Policies, CEO Randall Stilley, Seahawk Drilling
Randall Stilley, CEO Seahawk Drilling, a company now forced into bankruptcy by President Obama’s anti-energy policies. Mr. Stilley said:
I like the people, I like the business, I like the customers,and really, this is what I always wanted to do. I hope I get a chance to do it again some time.
The president and his minions have essentially shut down major elements of the domestic energy program. First there was the moratorium on all rigs for drilling in the Gulf. Shutting down the deep-water rigs was perhaps understandable in the wake of the deepwater Horizon well, but the shallow-water rigs had an excellent safety record. But when they finally lifted the moratorium, they refused to issue permits to drill in what came to be called the permitorium. I think it’s seven rigs that have left the area for other countries.
Three bills are being brought to the floor, and if they can muster the support they deserve, will break the logjam.
H.R. 1229 Putting the Gulf of Mexico Back to Work Act.
H.R. 1230 Restarting American Offshore Leasing Now Act.
H.R. 1231 Reversing President Obama’s Offshore Moratorium Act.
It’s a start. It may not get by the Senate, and the President may veto the bill. The effects on the whole economy are disastrous, and will be a drag on the economy for years.