Economy in Crisis

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Updated: 1 week 5 days ago

Exports Won’t Close Trade Gap with China

Fri, 01/27/2012 - 10:10
Since 2001—the year the U.S. entered the World Trade Organization (WTO)—our trade deficit with China has more than tripled.  In that same time period, we have lost over 3 million manufacturing jobs; from 2001 to 2009, the U.S. lost 42,400 factories. This is not a coincidence. With cheap goods flooding our markets from overseas, demand
Categories: Watch Groups

Buying Congress in 2012

Fri, 01/27/2012 - 09:40
The following originally appeared on OpEdNews.com. Startling numbers of Americans are “underwater” — homeowners and students alike — and so, for that matter, is Congress, even if in quite a different way.  In these last years, it’s been flooded with money.  Millionaires, including at least 10 centimillionaires, now make up nearly half of our representatives
Categories: Watch Groups

Class War In America

Fri, 01/27/2012 - 05:33
The following is an excerpt from OpEdNews.com, click here to read the article in its entirety. America is defined by class war. Now it’s to destroy the middle class. Class war raged for decades. Business and America’s super-rich always win. In his 1925 short story titled “Rich Boy,” F. Scott Fitzgerald said: “Let me tell
Categories: Watch Groups

Are fiscal and monetary policy enough for economic recovery?

Fri, 01/27/2012 - 04:41
The following originally appeared on TradeReform.org. Without a national strategy to produce more of what we consume, the U.S. cannot recover. Greg Tassey is Senior Economist at the NIST (National Institute of Standards and Technology).  NIST is one of the few federal agencies focusing upon improving U.S. industry directly.  The Manufacturing Extension Partnership, agricultural Cooperative
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The Follies of Free Trading

Fri, 01/27/2012 - 04:30
Other countries limit and restrict the amount of American-made goods flowing into their markets. The United States puts up no such regulations, and is thus flooded with foreign-made goods.
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Dirty Water, Dangerous Fish

Fri, 01/27/2012 - 03:47
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A Shocking Statement, I Can’t Believe an American Would Say Something Like This

Fri, 01/27/2012 - 03:35
By Benjamin Clemant
Who in their right mind would think China is our friend? Erin Burnett would.
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The WTO Agreement Must be Canceled Immediately

Fri, 01/27/2012 - 02:50
By Thomas Heffner
We must immediately withdraw from the WTO and become a self controlled, self managed government. We must be able to make our own decisions and act in our own best interests.
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Republican Primaries Highlight Citizens United Problem

Thu, 01/26/2012 - 12:38
By Karl Rusnak
Our politicians have always been influenced by those that donate to their campaigns.
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Citizens Inundated

Thu, 01/26/2012 - 11:08
The Supreme Court’s Citizens United decision has already picked a winner in the 2012 elections: TV broadcasters. Companies like CBS Corp, News Corp. and Sinclair Broadcast Group are already dividing the spoils of an election year that will see unprecedented spending on political ads. More than $12 million was spent on ads during the Iowa
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Give Buddy Roemer a chance

Thu, 01/26/2012 - 11:00
The following is from the Baltimore Sun. Albert Einstein is famously reported to have said that the definition of insanity was to continue doing the same thing over and over again and expect different results. By that definition, it appears that America has gone stark raving mad. Our economy is in tatters. We have mortgaged
Categories: Watch Groups

Time to Retake Politics From the One Percent in Both Political Parties

Thu, 01/26/2012 - 06:17
The country is still celebrating the inability of the super- committee to cut Social Security and Medicare, but it is important to move on from this victory to retake control of the political debate from the One Percent.
Categories: Watch Groups

Destroying the American Dream

Thu, 01/26/2012 - 06:08
Political Washington is systematically destroying the futures of millions of Americans. Corporate greed and profits over people priorities launched nationwide OWS protests in hundreds of US cities for change. Mindless of growing public rage, political Washington keeps cutting vital social benefits needing increases during hard times. With real unemployment approaching 23%, earlier cuts affected: Pell
Categories: Watch Groups

Globalism Fails to Benefit Average Americans

Thu, 01/26/2012 - 04:00
The idea of globalism has been pervasive in our national discourse in recent decades. Corporations now have global strategies and have little or no loyalty to the country where they got their start.
Categories: Watch Groups

History of Outsourcing in America

Thu, 01/26/2012 - 04:00
By Thomas Heffner
The U.S. is increasing debt, decreasing savings and selling off our principal assets, our wealth producing companies abroad. This is not a sustainable or responsible long-term economic policy.
Categories: Watch Groups