Friday, December 5, 2008

What are we buying - Where was it made

What are we buying - Where was it made?

Do an inventory around the house. I may be a little slow but eventually it is all sinking in to my feeble brain. Oh I have complained about all the products from China at Walmart. Our problem is we are not terrific with the whole "Cause and Effect" concept.

We tend to try and find the best buy for the buck. We may all think the folks running the companies/corporations are looking for better and better production methods. I have news for you, they really don't.

We tend to believe the Economists have all the answers. They really do but the problem is they have all the answers both good and bad and rely too much on macro-economics and miss the reality of day-to-day life. They always tend to have pet theories on what works and what doesn't based on the past, based on statistics and, unfortunately, based on information gathered from 20,000 feet up.

We tend to believe the government can fix anything. They can't and often only mimic the views of those who have access to their brains.

The economy today is failing, in my opinion, because we have forgotten what made our country great - self reliance.

To keep our economy strong we need to produce goods.

I looked at the top 20 US companies in 1950 and 2005. Of course we all understand that there needed to be a drop in Buggy Whip production and Covered Wagon production over time but lets look at what happened since 1950

1950 Oil (7), Foods (3), Auto (2), Chemical (2), Steel (2), Communications (1), Television (1) Aircract Mfg (1), Electronics (1),

2005 Financial (3), Insurance (3), Oil (3), Auto (2), Computers (2), Electronics (1), Healthcare (1), Home Repair (1), Communications (1), Tobbaco&Food (1)

It became apparent to me we have over time curtailed production in the US, Oil Companies consolidated, Financial institutions and Insurance Companies grew and produced debt and poorer and poorer coverage. Auto builders drove their businesses into the ground. The home repair business grew as did Walmart (The #1 corporation) selling for the most part foreign goods.

As our auto industry and steel plants are failing or have failed in the states foreign competition has taken over.

I don't mean to bitter or ignorant of the need for global business but it would be nice if we kept our own citizens working.

Perhaps the time has come for management and labor to both bite the bullet and for once "get real."

* Executives of businesses do NOT need millions for heading their companies.

* Union workers do NOT need to make ten times more than the rest of the workforce.
* People who work should make enough to eventually own a home, car, take a vacation and not worry about health care.

* People who want to work should be able to find a decent, stable job.

* Some effort needs to be made to assure energy efficiency.

* "Green" technology needs to be funded based on immediate economic impact.

* Let us all start by buying local, regional and country before we buy foreign when possible

* please add your ideas with a comment

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