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Should the US subsidize VITAL INDUSTRIES Sort by:
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wwww12345
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Posted on Sat, Dec 13, 2008 09:42

I am of the opinion that we have to protect and subsidize vital industries, industries vital for national defense and long term survival. Here are some industries that I feel that the US cannot let fall totally into foreign hands, especially into the hands of countries that may become enemies someday. We need to know how to make certain things and not be totally dependent on other countries for them. We must retain ramp up capabilities at all times for strategic reasons. Here is my suggested list. 1. Aircraft 2. Auto and heavy movers, 18 wheelers, etc. 3. Heavy Construction equipment 4. Shipbuilding 5. Industrial Electronics and computers 6. Farming 7. Medicine, especially preventing diseases 8. Energy production 9. Manufacturing 10. Banking 11. Defense Industries 12. Internet and computer security Your thoughts about subsiding industries. Please take the long term and strategic view. Add any that I have missed and I will add them to the list.


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wwww12345
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Posted on Fri, Dec 19, 2008 12:04

I forget the defense industry. Design and manufacturing. Sorry.


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wwww12345
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Posted on Thu, Dec 18, 2008 15:28

From the net(Fortune), The World's largest corporations: The revenue is in millions. 1 Wal-Mart Stores 378,799 12,731 2 Exxon Mobil 372,824 40,610 3 Royal Dutch Shell 355,782 31,331 4 BP 291,438 20,845 5 Toyota Motor 230,201 15,042 6 Chevron 210,783 18,688 7 ING Group 201,516 12,649 8 Total 187,280 18,042 9 General Motors 182,347 -38,732 10 ConocoPhillips 178,558 11,891 11 Daimler 177,167 5,446 12 General Electric 176,656 22,208 13 Ford Motor 172,468 -2,723 14 Fortis 164,877 5,467 15 AXA 162,762 7,755 16 Sinopec 159,260 4,166 17 Citigroup 159,229 3,617 18 Volkswagen 149,054 5,639 19 Dexia Group 147,648 3,467 20 HSBC Holdings 146,500 19,133 21 BNP Paribas 140,726 10,706 22 Allianz 140,618 10,904 23 Cr???dit Agricole 138,155 8,172 24 State Grid 132,885 4,423 25 China National Petroleum 129,798 14,925 26 Deutsche Bank 122,644 8,861 27 ENI 120,565 13,703 28 Bank of America Corp. 119,190 14,982 29 AT&T 118,928 11,951 30 Berkshire Hathaway 118,245 13,213 31 UBS 117,206 -3,654 32 J.P. Morgan Chase & Co. 116,353 15,365 33 Carrefour 115,585 3,147 34 Assicurazioni Generali 113,813 3,991 35 American International Group 110,064 6,200 36 Royal Bank of Scotland 108,392 15,103 37 Siemens 106,444 5,063 38 Samsung Electronics 106,006 7,986 39 ArcelorMittal 105,216 10,368 40 Honda Motor 105,102 5,254 41 Hewlett-Packard 104,286 7,264 42 Pemex 103,960 -1,675 43 Soci???t??? G???n???rale 103,443 1,296 44 McKesson 101,703 990 45 HBOS 100,267 8,093 46 International Business Machines 98,786 10,418 47 Gazprom 98,642 19,269 48 Hitachi 98,306 -509 49 Valero Energy 96,758 5,234 50 Nissan Motor 94,782 4,223 51 Tesco 94,703 4,253 52 E.ON 94,356 9,861 53 Verizon Communications 93,775 5,521 54 Nippon Telegraph & Telephone 93,527 5,562 55 Deutsche Post 90,472 1,901 56 Metro 90,267 1,129 57 Nestl??? 89,630 8,874 58 Santander Central Hispano Group 89,295 12,401 59 Statoil Hydro 89,224 7,526 60 Cardinal Health 88,364 1,931 61 Goldman Sachs Group 87,968 11,599 62 Morgan Stanley 87,879 3,209 63 Petrobras 87,735 13,138 64 Deutsche Telekom 85,570 779 65 Home Depot 84,740 4,395 66 Peugeot 82,965 1,211 67 LG 82,096 2,916 68 ???lectricit??? de France 81,629 7,690 69 Aviva 81,317 2,655 70 Barclays 80,347 8,837 71 Fiat 80,112 2,673 72 Matsushita Electric Industrial 79,412 2,468 73 BASF 79,322 5,565 74 Credit Suisse 78,206 6,467 75 Sony 77,682 3,235 76 Telef???nica 77,254 12,190 77 UniCredit Group 77,030 8,159 78 BMW 76,675 4,279 79 Procter & Gamble 76,476 10,340 80 CVS Caremark 76,330 2,637 81 UnitedHealth Group 75,431 4,654 82 Hyundai Motor 74,900 1,722 83 U.S. Postal Service 74,778 -5,142 84 France T???l???com 72,488 8,623 85 Vodafone 71,202 13,366 86 SK Holdings 70,717 1,505 87 Kroger 70,235 1,180 88 Nokia 69,886 9,862 89 ThyssenKrupp 68,799 2,796 90 Lukoil 67,205 9,511 91 Toshiba 67,145 1,116 92 Repsol YPF 67,006 4,364 93 Boeing 66,387 4,074 94 Prudential 66,358 2,045 95 Petronas 66,218 18,118 96 AmerisourceBergen 66,074 469 97 Suez 64,982 5,370 98 Munich Re Group 64,774 5,275 99 Costco Wholesale 64,400 1,083 100 Merrill Lynch 64,217 -7,777


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wwww12345
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Posted on Thu, Dec 18, 2008 15:17

From the list I previously posted, we can see that most of the jobs in the US do not fall into the strategic industries category. It's the strategic industries that I am most concerned about. They are vital to the security of the nation and the world.


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wwww12345
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Posted on Thu, Dec 18, 2008 15:11

Top 50 Industries with the Largest Employment - from the net for year 2006 1 Elementary and secondary schools, public and private 8,345,600 2 General medical and surgical hospitals, public and private 4,988,300 3 Full-service restaurants 4,447,000 4 Limited-service eating places 4,018,700 5 Employment services 3,656,600 6 Colleges, universities, and professional schools, public and private 3,433,900 7 Grocery stores 2,462,600 8 Offices of physicians 2,153,600 9 Management of companies and enterprises 1,809,400 10 Depository credit intermediation 1,803,200 11 Religious organizations 1,665,900 12 Nursing care facilities 1,584,200 13 Department stores 1,550,900 14 Other general merchandise stores 1,362,000 15 Computer systems design and related services 1,278,200 16 Automobile dealers 1,246,700 17 Building material and supplies dealers 1,176,100 18 Legal services 1,173,400 19 Clothing stores 1,090,400 20 Residential building construction 1,017,500 21 General freight trucking 1,003,900 22 Plumbing, heating, and air-conditioning contractors 982,500 23 Management, scientific, and technical consulting services 920,900 24 Electrical contractors 903,700 25 Accounting, tax preparation, bookkeeping, and payroll services 26 Private households; primary and secondary jobs 888,600 27 Home health care services 867,100 28 Gasoline stations 861,000 29 Child day care services 806,700 30 Private households, primary jobs 802,500 31 Nonresidential building construction 788,500 32 Offices of dentists 784,000 33 Junior colleges, public and private 781,400 34 Wholesale electronic markets and agents and brokers 781,000 35 Postal service 770,100 36 Other specialty trade contractors 726,200 37 Grocery and related product wholesalers 709,000 38 Pharmacies and drug stores 702,600 39 Insurance agencies and brokerages 659,900 40 Landscaping services 658,000 41 Motor vehicle parts manufacturing 654,100 42 Professional and commercial equipment and supplies merchant wholesalers 653,800 43 Investigation, guard, and armored car services 649,100 44 Community care facilities for the elderly 639,400 45 Plastics product manufacturing 637,600 46 Warehousing and storage 636,400 47 Printing and related support activities 635,900 48 Direct insurance (except life, health, and medical) carriers 601,000 49 Lessors of real estate 599,000 50 Personal care services 585,200


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Jehovanna
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Posted on Wed, Dec 17, 2008 19:24

I think these can be added as important -education -any government -food preparation


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wwww12345
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Posted on Tue, Dec 16, 2008 13:15

Orion, the government organization I use to work for obtained patents in the name of the gov., they they licensed these patents to private companies. I think that is the right model. I actually would like to see much more gov. sponsored research. Not everything is profit driven but might be of great benefit to the public. For instance, I know someone who has formulated a great bacteria and virus killer, but it is made from natural products, thus probably cannot be patented. It is also a very low cost product, so there is very little profit incentive. Since it cost about $20 million to get it approved by FDA, OSHA, USDA, etc. I think our gov. should step in and do the testing and obtain the approvals for the public good. Unfortunately they currently do not do this but they should. NIST and the Center for Disease Control will not even evaluate the product. I really think there is a place for gov. involvement for the good of all, and not leave everything for the private sectors where profits rule in decision making. This same idea could be extended to many things, such as batteries, solar cells, etc.


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leonicvirgo
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Posted on Mon, Dec 15, 2008 17:05

You forgot the history of manageing vital industries in the U.S,and abroad. Through our elected representatives in D.C.,we have laid $700 billion on the table,a figure that is 1/3 to 1/2 the price to be paid for the mismanagement of government. This recession showed it's ugly indicators in late 2007 while the subprime scandle was at it's 90% conclusion. Tell me the FED had no idea of NOV2008,then what Ron White said was right,"You can't teach stupid". The answer is,NOONE should have to be bailed out. People want less taxes and little interferience with business. The FED's responsibility is equal to a parent guiding a child. What did this lead to? Bailouts! If you bail your child out of difficult situations,what will happen? This subprime was perpetuated in 1984,so I see it as a "Fool me once,shame on you---Twice--Me! You are lining up bailout candidates here. Most of your list has been outsourced to other countries,or reduced to flatline profit margins. If you can take one industry in your list,and claim U.S. prominance,I would be amazed. We employ a great deal of Indian degreed individuals in this country. They were taught critical path thinking,inovation,and free thinking. Critical path thinking by the average american who has lost his job because of some scam two times run,and the futuristic viewpoint of more bailouts nets you the middle finger. The buck stops somewhere. It should stop here!


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wwww12345
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Posted on Mon, Dec 15, 2008 16:08

It makes me very uneasy to have major industries owned by other countries. It is not just the production, but also the research and patents. Someone, somewhere is going to invent a great new battery for electric cars, for instance. Who is going to own the right to produce it, charge what they wish ??


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OrionsQuest
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Posted on Mon, Dec 15, 2008 13:45

Your points are valid WWWW. My only issue is from an historical viewpoint, where government monies have been used to fund research projects and then when breakthroughs are made, the average American pays a high price for the products while the officers of these organizations make buku bucks in the forms of nefarious and exorbitant bonuses. And the argument isn't whether or not we have profited from such investments, but at what return? Let's keep a special few from profiteeering on the backs of the vast majority of average Americans and ensure that if tax monies are used, the scientifc/financial/educational gains are more equitably distributed in the end game.


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billzeke
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Posted on Mon, Dec 15, 2008 03:45

Quoting: Originally posted by wwww12345 Yes Bill, the plants would probably be there, but would they produce military vehicles, etc. if needed. It would depend on who owns them I would think. In WWII, the production lines were turned over to war vehicles, jeeps, military trucks, etc. If someone else owned the plants they could refuse.

In that unlikely event the gov't would step in and nationalize them. They rationed things during WW2, Jimmy Carter brought us price controls. In the past few months the gov't has seized insolvent banks. They currently own about 80% of AIG. The important thing is the factories would be here and they would be manned by American workers..


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wwww12345
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Posted on Sun, Dec 14, 2008 11:08

Yes Bill, the plants would probably be there, but would they produce military vehicles, etc. if needed. It would depend on who owns them I would think. In WWII, the production lines were turned over to war vehicles, jeeps, military trucks, etc. If someone else owned the plants they could refuse.


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Queenofyourdreams
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Posted on Sun, Dec 14, 2008 09:45

I agree Bill. BMW is down the road from here. NO union. They are not having any problems...

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billzeke
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Posted on Sun, Dec 14, 2008 09:30

If the big three auto makers go under it will not mean the end of the automobile industry in this country. Most foreign auto makers already have plants here using American workers. They are just building better cars; more efficiently than the automakers currently in Detroit. The Detroit plants will just be utilized by companies other than GM, Ford and Chrysler. They will still hire American workers to build them


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Queenofyourdreams
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Posted on Sun, Dec 14, 2008 08:51

What you have listed is all important. It does seem we are in the United Socialist States of America, so why not? And while saving all these other industrys, lets keep raising the taxes on all the everyday people so they can pay for the mistakes that many of those on your list have made in managment and CEO bonus checks. This is such a confusing time that I really do not know what to think anymore. The media lies, the "powers that be" lie, and we are still paying for all their lavish parties. Where is all this money coming from? And when do WE get our share?

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