Many CPA members dislike the excessive growth of the financial industry in relation to production of food and goods.  Bruce Bartlett, formerly of the Reagan administration, now gives some meat to those bones. The issue is “financialization”, the growth of finance as a share of GDP. First, financial services (insurance,…

Reposted from the Alliance for American Manufacturing Blog ***** Manufacturing sheds 8,000 jobs in May 2013; 21,000 factory jobs lost in past three months. AAM blog  |  June 7, 2013 Manufacturing sheds 8,000 jobs in May 2013; 21,000 factory jobs lost in past three months. #AAMeter Plummets; President Obama’s Second Term…

Reposted from the blog of Peter Morici ***** Obama and Xi at the Summit June 6, 2013  |  Peter Morici As Presidents Obama and Xi Jinping meet this weekend, China’s aggressive actions and halting cooperation on a growing list of issues undermine the U.S. economy and national security. Diplomacy has…

In furtherance of my campaign to get government to recognize net trade and prioritized balanced trade or net exports… The 2013 Economic Report of the President is the recent such report which is written by the Chair of Council of Economic Advisers.  It presents the Administration’s domestic and international economic…

The wacko free trader economists stare at their economic models gleaned from some past textbook and assume it is an accurate picture of the world.  They think we can be a society that relies upon services and advanced tech.*  And we can jettison a good part of the domestic supply…

Reposted from The New York Times ***** U.S. Manufacturing Gauge Falls to June 2009 Level June 3, 2013  |  The New York Times WASHINGTON — A measure of United States manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and a pullback in business…

Reposted from The New York Times ***** Review of These Investments Needs to Be Rethought Thea Lee  |  June 2, 2013  |  The New York Times The current U.S. process for reviewing incoming foreign investment is excessively narrow and needs to be both expanded and rethought. This is underscored by…

Reposted from the blog of Peter Morici ***** Obama’s Appeasement of China, Japan Wrecking Economic Recovery Peter Morici  |  June 3, 2013 Tuesday, the Commerce Department is expected to report the April deficit on international trade in goods and services was $41.2 billion, up from $24.9 billion when the economic…

A report from the Alliance for American Manufacturing ***** Report Says U.S. Military Dangerously Dependent on Foreign Suppliers Alliance for American Manufacturing | May 8th, 2013 New Report Calls for Stronger U.S. Manufacturing Sector to Protect National Security. Urgent action is needed to reduce the U.S. military’s dangerous dependence on foreign…

Reposted from the Campaign for America’s Future blog ***** Deficit Fixed. Now Fix The Job Gap, Wage Gap And Trade Gap Dave Johnson  |  May 16th, 2013  |  Campaign for America’s Future The deficit is now down 60 percent as a percent of gross domestic product. It is down more than the…