Mitt Romney, a Republican candidate for President, recently stated in a CNN interview: "I'm not concerned about the very poor." Romney then added that "we have a safety net there." Does he think that a safety net replaces a well-paying job? Why isn't he concerned that our very poor don't...
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In an effort to get our economy moving again, our politicians have been touting innovation as a way to create jobs and stop our economic decline.
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Recently, an appeared in the New York Times about several studies which indicated that Americans may be less mobile economically than those living in other developed countries. Of course, there was no mention of free trade laws as a factor.
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It appears that there are no limits to what our politicians are willing to allow the big corporations to outsource in the name of bigger quarterly profits. Many of the medications that we rely upon for our health, and in many instances, our lives, are being made in foreign countries by low-wage foreign...
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Many government officials and the news media have been saying that the US is becoming a "service economy," instead of an industrial economy based upon manufacturing jobs and factories. We have been told that in this new service economy, we don't need manufacturing jobs
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You may have heard by now that about 47 percent of those filing tax returns in 2009 paid no federal income tax, according to a report by the Tax Policy Center. Even Michelle Bachmann recently said in a Republican debate that everyone should pay some taxes, even if it is only $10 (the cost of two...
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Which side does Google take with one of their latest projects? Does it help bring our factories back to the US from overseas? Does it encourage the hiring of US workers? No, Google is making it easier for American companies to use Chinese factories as suppliers. Et tu, Google? The American economic landscape is...
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The bipartisan Congressional “supercommittee” has been trying to reach agreement by next Wednesday, November 23, on steps to reduce the federal deficit. They need to increase government revenue, reduce spending, or a combination of the two, in order to reduce the deficit. But, so far, no agreement has been reached by the members of the...
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I found some information about presidential candidate Buddy Roemer’s economic proposals. It appears that Roemer is in favor of “Fair Trade” instead of Free Trade. I think that it is too late for Fair Trade, and stronger action is needed to save the American economy and bring all our jobs back to America. But,...
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Bloomberg news reported that former Speaker of the House, Newt Gingrich, received about $1.6 million over an eight-year period from the mortgage company Freddie Mac. It was reported that the payments were consulting fees, and began 5 months after Gingrich resigned from Congress. According to the Bloomberg report, Gingrich received $25-30,000 as a monthly...
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