Important Takeaways:

• The United States is rapidly becoming a “post-industrial” nation. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers left them, but the pace at which America is doing this is absolutely breathtaking…
• Throughout history, every great nation has been great at making things. So if the United States continues to allow its manufacturing base to erode at a staggering pace, how in the world can the U.S. continue to consider itself to be a great nation?
• #1 According to Google AI, our nation has lost almost 70,000 factories since the year 2000…
  • The United States has lost nearly 70,000 factories since 2000. This is part of a larger decline in the US manufacturing sector that has also resulted in the loss of over 5 million jobs.
• #2 In July 1979, 19.5 million Americans had manufacturing jobs. Today, only 12.8 million Americans have manufacturing jobs even though our population is much larger than it was in 1979.
• #3 According to a survey that was recently conducted by the Pew Research Center, 59 percent of Americans believe that the U.S. has lot more than it has gained from free trade.
• #4 In 1959, manufacturing represented 28 percent of all U.S. economic output. At the beginning of the Great Recession in 2008, manufacturing represented only 11.5 percent of all U.S. economic output.  Today, manufacturing represents just 10.3 percent of all U.S. economic output.
• #5 More than a billion cellphones are sold worldwide each year. Only a few thousand of them are actually manufactured in the United States.
• #6 The size of our trade deficit with China in 2024 was $295,000,000,000.
• #7 At this point, China produces approximately 4 times as many vehicles each year than the United States does.
• #8 In the early days of the industry, 100 percent of all semiconductors were manufactured in the United States. Today, that number is down to just 8 percent.
• #9 Russia is producing three times as many artillery shells as the U.S. and Europe combined.
• #10 The United States spends approximately $3.00 on Chinese goods for every $1 that the Chinese spend on goods from the United States.
• #11 Our stores are absolutely overflowing with products that are made in China. Meanwhile, soybeans are the number one export from the U.S. to China.
• #12 More than 36 million Americans are now living in poverty, homelessness in the U.S. is at an all-time record high, and demand at food banks in the U.S. is at record levels all over the nation.
• How many more trillions of dollars are going to leave this country before we realize that we are losing wealth at a pace that is killing our economy?
• How many once great manufacturing cities like Gary, Indiana and Youngstown, Ohio are going to become rotting, decaying hellholes before we understand that we are committing national economic suicide?
• The deindustrialization of America is a national crisis. It needs to be treated like one.

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