Archive | Economy

DiMicco: Currency Bill Part Of Wider Plan To Fix Economy

Reposted from the Daily Media Report of the American Iron and Steel Institute October 17, 2011 | Daily Media Report DiMicco: Currency Bill Part Of Wider Plan To Fix Economy US lawmakers and leaders need to carry on the momentum created by the Senate’s passage of currency legislation and create…

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Creating another home-financed credit bubble is not the recession solution

As we offshore major industries due to the policy fantasies of unilateral free trade utopians, there aren’t enough jobs to go around and wages stagnate.  The economic engine of middle class spending cannot create enough demand to lift us out of the recession.  Wages are an increasingly small part of…

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Reading, Pa., Knew It Was Poor. Now It Knows Just How Poor

The following article by Sabrina Tavernise appeared in The New York Times here. READING, Pa. — The exhausted mothers who come to the Second Street Learning Center here — a day care provider for mostly low-income families — speak of low wages, hard jobs and an economy gone bad. Ashley…

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Disgusting anti-Buy American editorial from WaPo

The Very Smart People at the Washington Post wrote an editorial (below) bashing the Buy American provision in the Obama 2011 jobs bill.  They believe we must spend taxpayer money on Chinese products or we might “anger our trading partners.”  The government spends money every day, and will do so…

Posted in Economy2 Comments

How Capital Crushed Labor

The following blog piece by Patrick J. Buchanan appeared on his blog here. Once, it was a Labor Day tradition for Democrats to go to Cadillac Square in Detroit to launch their campaigns in that forge and furnace of American democracy, the greatest industrial center on earth. Democrats may still…

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Getting Money for That

The following article by Senator Fritz Hollings,  former South Carolina Senator, appeared in The Huffington Post here. I thought the president in his job speech would tell how the country could make a comeback. Instead, he told how he could make a comeback. President Obama kicked off his re-election campaign…

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Who owns America: Hint: It’s not China

his blog piece appears at CNN’s global public square here. Editor’s Note: The following piece comes from Global Post, which provides excellent coverage of world news - important, moving and odd. By Tom Mucha, Global Post Truth is elusive.  But it’s a good thing we have math. Our friends at Business Insider know this, and put…

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Is Manufacturing Falling Off the Radar?

The following article by Louis Uchitelle appeared in The New York Times here. JUST outside this prairie town, seven vast buildings, each painted brick red, are lined up along a highway bordered by grain fields. These single-story structures have no smokestacks or any other indication that they are, in fact,…

Posted in China, Economy1 Comment

U.S. Manufacturing, Once Recovery’s Leader, Edges Back To Decline

The following article in the Huffington Post was written by Lila Shapiro and features CPA members Brian O’Shaughnessy and Frank Shannon. Last month, after watching his manufacturing shop struggle through 10 years of decline, Frank Shannon finally decided it was time to close the doors. As recently as early spring,…

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Morici: 9.8.11: What President Obama Needs to Say and Do

The following was written by Peter Morici, a professor at the Smith School of Business, University of Maryland School. America is in crisis. The new normal is not good enough. The unemployed can’t find jobs, the old can’t retire and those in between live in constant fear of being tapped…

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