The following are 10 facts about the deindustrialization of America that will blow your mind....

Posted by MoreObama | 12/16/10 03:59 PM EST on Forbes.com

Not sure if this is urban legend or not but I read it in a blog somewhere...
The following are 10 facts about the deindustrialization of America that will blow your mind....
#1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they were still in operation.
#2 Dell Inc., one of America's largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.
#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem , North Carolina in November. Approximately 900 jobs will be lost.
#4 In 2008, 1.2 billion cell phones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.
#8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.
#9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul , Minnesota . Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy

I Want To Know

I want to know if it better to wait to win the lotto, wait for inheritance, find a large amount of cash in the street., go to work, invest in the stock market, pray for money, invent the next hula hoop or is it better to find something that is successful that others have done (not everybody) and copy or duplicate the successful people?

I want to know if it is better to wait for your ship to come in or build your ship?

I want to know if more people became rich working  for someone else or working for themselves?

I want to know how many people have great ideas in their head but fail to put them in action because they fear failure?

I want to know if a person who works for thirty years and was laid off,a victim of company downsizing, fired or let go for any other reason, realizes that the job or position they had was never theirs?

I want to know if the people that are investing in 401(k) plans understand if they retire and live another 20 years after they retire will need at least a million dollars saved on their day of retirement?

(The dollar has lost over 97% of its gold value since August 15, 1971, which is about 2.6% per year.)

Continue reading at NowPublic.com: US Dollar Loses 97% of its Value | NowPublic News Coverage http://www.nowpublic.com/world/us-dollar-loses-97-its-value#ixzz19UEwgvEb