Global recession ends, economists predict recovery in 2010

The Christian Science Monitor

By Tracey D. Samuelson Correspondent / February 8, 2010

The world can collectively breathe a huge sigh of relief – the global recession is over...

And even the more mature economies, such as those of the United States and Europe, are rebounding, albeit more slowly...

China, India, Australia, and a number of Asian countries are already expanding. The IMF predicts China's economy will grow by 10 percent in 2010. On the other hand, Japan and Europe will likely see growth of only 1 to 1.5 percent.

The most immediate threat to the global economy will come from withdrawal of stimulus measures put in place to stem the crisis. As governments begin to address their debt levels and raise interest rates from their current emergency settings, some countries will be at risk for another downward lurch.

http://www.csmonitor.com/World/2010...-economists-predict-recovery-in-2010/(page)/2

 

Your posts are getting less and less lucid.

What does this have to do with the US recovery?

The automobile industry is but the most recent US industry to be decimated by competition from foreign manufacturers. The major difference is that the finished products are now produced in the US, versus being imported in that state.

Why is this? You can rail on and on about US manufacturers not keeping pace with the foreign makers, but you do not look at why. There is no arguing the fact that the US auto maker was saddled with the burden of higher initial wages, higher benefit costs, higher costs for retired workers, more restrictive rules for workers job assignments, more restrictive rules for automation and a lower return per $ of wage related costs paid. All of these factors came about because of the relationship between organized labor and company management. To excuse the unions because they only took what the companies would give them is ludicrous. That is like saying that the smoker or obese person has no responsibility for his/her own health. Whoops, wait a minute, that IS what liberals think.



On our soil, using our labor, using predominantly our local suppliers, companies like Hyundai, Kia, Nissan, Toyota and Honda, are eating our lunches. Why?

 

They produce better cars.

 

Why?

Since the 70's the newcomers to the world's auto industry adopted many automated, robotic systems, to increase the predictable quality of perfect repetitive actions. Once a procedure is perfected, replication become much better and higher quality ensues.

Why didn't the US auto makers follow suit? Why did they rely on older, more labor intensive methods?

 

I'm sure it helps if you can use workers overseas that are paid virtually nothing.

 

Labor intensive methods do not interfere with better fuel economy and durability. Those are design issues.

 

This is BULLSHIT DL,

 

Explain.

 

Wrong again.

Lack of high precision machining, closely fitted pieces and seamless construction is the main problem of mass produced machines without automated methods.

Until the industry catches up, the quality issues will remain. If your systems allow you to only build Model T's, it's hard to produce modern vehicles.

Deming knew this decades ago, he could not implement his zero defects plans in the US mainly because of labors resistance. So he took it to the Japanese, they understood it and implemented it.

 

Like the fax machine?

 

Huh?

Foreign companies hiring American workers for factories in America is not using underpaid overseas workers...

 

If you mean "like the fax machine" obsolescence, then yes. How many are still in use? thousands upon thousands. How many are stand alone units rather than desk top printer, scanners & fax's? Probably two.

How many mechanics from the 60's, could repair a 2010 Toyota Prius? But it wouldn't take to much training for him to fix a Dodge Ram Pickup.

 

Ho-hum, here we go again with tenguy's standard "It's all the fault of labor unions" rant. How DARE workers try to bargain collectively??!! It's not fair, I tell you!!! They ruin EVERYTHING!!

 

Although productivity is higher than during the 1950's and '60's, tenguy expects labor to get along with less, as the rich keep getting richer.

 

This is absolutely the most outrageous and dishonest use of the name of Edward Deming I've ever seen and I'd say by virtue of that the biggest fucking lie you've ever told on this forum tenguy.

US Labor and Labor Unions never had a fucking thing to do with the Deming's Model that turned Japan into most proficient and profitable nation on the planet.

What Edward Deming did was create a new MANAGEMENT MODEL and that management style was rejected by all US industry and remains unaccepted because just like you almost all US production runs on boss down models where the bosses dictate to the workers. Under Deming's model the boss's job is to go to the workers and ask them what they need to do a better job.

This is why not only our auto industry failed but most other industries as well, while the rest of the world passed us.

Not the workers tenguy, the bosses. Because hanging onto their power over employees is actually more important than money to them. Just like you.

 

I would say that tenguy's biggest f*cking lie was that dropping the atomic bombs on Japan was necessary to end World War II, but never mind...

There's so much to choose from. :awesome::mrgreen:

 

lol @ "the global recession is over"



wonderful news!!

LOFL. Someone should tell Tracey.

 

When I clicked on your link I did not get your chart. The chart I began this thread with demonstrated that the rate of job loss has declined since the inauguration of President Obama. It did not claim that unemployment has declined since then.

Republicans claim that the recession of 2001 was mild, but unemployment continued to rise for two years. Republicans have a terrible record for job creation, as I have pointed out on many occasions.

 

The article you posted misleads people to believe the recession is over. My graph demonstrates it's not.

Democrats have a terrible record for job creation this past year.

In fact. Obama has lost more than 2 million jobs already. He plainly said that if we didn't spend the $787 Billion we'd lose another million jobs 'because of the past 8 years.'

The proof is that he's lost 2 million jobs that he said he could create.


OBAMA FAIL:

 

recession Definition
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
http://www.investorwords.com/4086/recession.html

------

Bureau of Economic Analysis National Economic Accounts FRIDAY, JANUARY 29, 2010
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.2 percent.
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

----

By the standard definition of a recession, the second Bush I recession, which is the fifth Republican recession since 1974, ended last summer.

I admit, until the unemployment rate begins to decline, President Obama, and the Democrats will be politically vulnerable. Nevertheless, since the inauguration of President Obama, there has been a decline in the rate of employment decline, as I demonstrated in my opening comment to this thread.