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Curious George · 02-28-2007, 06:47 PM

Well hear is my 2 cents on the deal . manufacturing has not been good since 2001 I know because I work in it . three things that year stock market went bust Enron an 9/11.
Then we have the flood of outscoring that nobody wants to control just open the flood gates an Walla . in Minnesota as of 04 or 05 there was 350 + manufacturing shops metal fab ,machine shops that went out of business . now most of these jobs are not 8, 9 dollar jobs, they are people who can afford a house an had some sort of health ins. the worker at a bare minn. With opp for his family . then there is ford closing down . you loose the assembly employees an the manufactured parts. 3m hardly makes anything in the state or country anymore . even northwest airline got rid of 2000 mechanics to have there Plaines serviced outside the country. this is just in Minnesota. but I see it happening around the country, you can not loose these that many well paying jobs an replace them with
Wal-Mart, Menards or home depot jobs , you also can only build so many houses
Before you have more houses than Byers. The other thing that hurt the economy is oil.
The price can go up. but not to much to fast . people only have so much money each month . an when they can’t do what they do (ie spend money all around the economy )
An one sector gets it , it hurts all the economy. An will drag it all down. So with that all
Said I do see the economy doing better but when I have no clue . I have seen the outsourcing trend reversing an that is good. I see other countries becoming larger consumers an that will help . I don’t think we will see a rescission like in early 80
High unemployment an high interest rate.

02-28-2007, 06:47 PM	#4 (permalink)
Curious George Banned Join Date: Jan 08th, 2007 Location: Minnesota Posts: 972	Re: Greenspan Warns of Possible Recession Well hear is my 2 cents on the deal . manufacturing has not been good since 2001 I know because I work in it . three things that year stock market went bust Enron an 9/11. Then we have the flood of outscoring that nobody wants to control just open the flood gates an Walla . in Minnesota as of 04 or 05 there was 350 + manufacturing shops metal fab ,machine shops that went out of business . now most of these jobs are not 8, 9 dollar jobs, they are people who can afford a house an had some sort of health ins. the worker at a bare minn. With opp for his family . then there is ford closing down . you loose the assembly employees an the manufactured parts. 3m hardly makes anything in the state or country anymore . even northwest airline got rid of 2000 mechanics to have there Plaines serviced outside the country. this is just in Minnesota. but I see it happening around the country, you can not loose these that many well paying jobs an replace them with Wal-Mart, Menards or home depot jobs , you also can only build so many houses Before you have more houses than Byers. The other thing that hurt the economy is oil. The price can go up. but not to much to fast . people only have so much money each month . an when they can’t do what they do (ie spend money all around the economy ) An one sector gets it , it hurts all the economy. An will drag it all down. So with that all Said I do see the economy doing better but when I have no clue . I have seen the outsourcing trend reversing an that is good. I see other countries becoming larger consumers an that will help . I don’t think we will see a rescission like in early 80 High unemployment an high interest rate.