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The Loss of Manufacturing- Why?

October 24, 2009

U.S. manufacturing now produces 171 percent more product by value than it did in 1979.

It uses 20 percent fewer workers than in 1979.

China- the bad guy?

Profit does not matter as much  in China.

In 2009 China had a  $600 billion stimulus.

Also, banks posted $1.27 trillion worth of new loans to prop up the economy.

China’s does not fear profitability, it worries about unemployment.

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