The same pressures are being applied to other tool shops that supply net shape product tooling for - plastic, drawing, forming, forging and blanking.
Our government needs to wake up soon to the fact that China is destroying our manufacturing base in the United States. If no action is taken now, in the future we may not only be dependent on foreign nations for our energy but also our manufacturing needs.
Since we, even as a group, can no longer count on our elected officials for help, it has become extremely important to hold on to whatever business we have at the moment.
In March of 2001, we predicted tough times ahead.
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Little did we know that compounding these negative indicators of the time, would be the additional threat of terrorism to Americans on our own homeland soil, and a total collapse of the high flying tech stocks.
Just recently we have witnessed catastrophic accounting corruption in large businesses at extremely high levels that still goes unpunished. This corruption has removed billions of dollars from personal portfolios of Americans that would have been used for retirement income.
Is it any wonder that our economy has not recovered as originally forecasted soon after September 11th? What will be the next shoe to drop?
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