Who Has Two Thumbs And Oversaw The Growth In Manufacturing – This President

By Nathaniel Downes   September 26, 2012    AddictingInfo

The good news for President Obama keeps on coming. Now Bloomberg is confirming what many have said, that the US is experiencing solid Manufacturing growth. The new level of 12 million manufacturing positions is still 7 million less than the highest point, set in 1979, but it is a solid improvement after the Bush administration had manufacturing drop from 17 million when he took office to 11 million when he had left. Obama’s 8% gain in Manufacturing jobs is a bright spot and an upswing for the nation.

Now, some have said that the reason for US manufacturing decline has been the cost of the US worker. But studies show that the US Worker’s direct cost is now 40% lower than comparable manufacturing nations, while the overall cost is higher due to factors outside of the worker. Reports cite the lack of a national healthcare, that the US lacks a full pension system, that US courts are too heavily weighed in favor of giant corporations and not to smaller entities, for US having lax consumer protections, and the lack of regulations as the prime drivers for increased manufacturing costs, not the workers.

It was none other than Alexander Hamilton, the first US Secretary of the Treasury, who put forth that America must be a nation of manufacturers. His economic program with its heavy focus on domestic, self-sufficient manufacturing, became known as the American School of Economics.

Obama is not an economics master, he is a constitutional lawyer turned politician. But even he understands that a strong manufacturing base is essential for our economy. That message seems lost on the Republican party, who have run someone who outsourced jobs to foreign nations.

Thom Hartmann gave advice to President Obama shortly after he won in 2008, before he had taken office. That advice was simple, listen to the wisdom of Alexander Hamilton, of the American School. With the turnaround in manufacturing, and the Obama Administration standing up to China and other trade-bullies, it might be that the President has listened after all.

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Technorati Tags: Barack Obama,Manufacturing,The Economy,Current EventsEmployment

Friday Funnies: Mitt Romney Is Stupid Edition

   So Mittens thinks that airplane windows should be made to be opened? What an idiot!

Jimmy Fallon: "Clint Eastwood’s new movie, “Trouble with the Curve,” opened in third place this weekend after making only $12 million. Of course, when he saw a movie theater had so many empty seats, Eastwood was like, 'Look at these crowds!'"

Jay Leno: "Well, last week in Vermont, the guy from the Dos Equis beer commercials -- you know "the most interesting man in the world" -- he hosted a fundraiser for President Obama. See, that shows you how things have changed. Four years ago the slogan was hope and change. Now it’s 'stay thirsty my friends.'"

"At a concert the other night, Madonna promised fans that she will strip naked if President Obama is reelected. Is it just me, or does that sound like an endorsement for Mitt Romney?"

"Congratulations to both Mitt Romney and President Obama. They both won Emmys for their performance on "60 Minutes" last night. Obama won for acting as if everything has gotten better over the last four years, and Romney won for pretending to care about that other 47 percent."

"A new book claims the reason Texas Gov. Rick Perry did so terrible in the debates and forgot everything was due to a sleep disorder. Apparently the disorder was he slept through grade school, high school and college." –Jay Leno

Seth Meyers: "The 14 percent tax rate Romney paid is less than the 20 percent paid by the average American. How does he pay such a low rate? He claims 47 percent of Americans as dependents."

Technorati Tags: Mitt Romney,Barack Obama,Republicans,Late Night Talk,Jay Leno,Bill Mahar,Political Humor,Current Events,Friday Funnies