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  • Resurrect U.S. Manufacturing  [View article]
    Competence in U.S. manufacturing began to fall apart in the 70's. To resurrect it would be a futile effort.

    Manufacturing competence was replaced by PIP (Profit Improvement Programs), cash milking mindsets, constant cost reduction programs, a refusal to advance technologically, poor labor/management relations at many of the leading manufacturing firms, lack of engineering talent and, perhaps most important, a complete lack of quality control.

    While unfortunate, rebuilding the U.S. manufacturing base to competitive levels is virtually impossible.
    Jul 21 08:13 am |Rating: 0 0 |Link to Comment
  • The Low Hanging Fruit of Credit Downgrades [View article]
    "What, if any, is the golden nugget we have in our back pocket this
    > time..."

    Don't sell us short. Financial innovation, tort law, Congress (oops, lobbyists), leverage at every level, education, the world's healthiest gun (oops, crime) industry, health care, extremest political (oops, religious) groups and a public too preoccupied to bother getting involved.

    The rest of the world need not advance, we will do it for them.
    Jun 10 08:55 am |Rating: 0 0 |Link to Comment
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