I am
struck by the decline in US manufacturing since 1960. So, I decided to research
the largest US companies listed on the Fortune 100 in 1960, 1970, 1980, 1990,
2000 and 2010 to track revenue
I
graduated from St. Louis University in January 1965. The US economy was strong
and jobs were abundant. US exports were $25.94 billion and imports were $22.43
billion in 1960.
Our trade
deficit problem began in 1980 and got progressively worse. US companies that used to produce our
necessities began to disappear and be replaced by foreign imports. The US trade
deficit in total goods and services was $630 billion in 2018.
US
Government policies since 1990 have hollowed out the US economy by accelerating
the off-shoring of US manufacturing and allowing excessive welfare migration to
replace 60 million abortions.
Year US Exports US Imports
1960
$25.94B $22.43B (surplus)
1970
$56.64B $54.39B (surplus)
1980
$271.83B $291.24B (deficit)
1990 $535.23B $616.10B (deficit)
2000
$1.075T $1.45T (deficit)
2010
$1.83T $2.35T (deficit)
2018
$2.50T $3.13T (deficit)
When I
began my Personnel career in 1967, I joined ASPA (American Society for
Personnel Administration) and noticed that our largest manufacturing companies
dominated the membership list. Over the years I watched these companies be
replaced by companies that don’t produce anything and ASPA was renamed SHRM.
The disappearance of real companies from the membership list reflects our
growing dependence on debt, our inability to recognize scams and highlighted
the incompetence and corruption embedded in our government policies. I am
encouraged by the Trump Agenda and hope we can recover from decades of
incompetence and corruption.
Norb
Leahy, Dunwoody GA Tea Party Leader
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