Why do our politicians continue to deny reality? Why build up hope that our economy will create new jobs in “clean energy technology?” It is very difficult, if not impossible, for large-scale factories producing “clean energy” products, such as solar panels, wind turbines, etc. to exist in our country without huge government subsidies and...
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Politicians and “Clean Energy” Jobs
Raise the Tax on Gas?
There have been various proposals floating around to cut our dependence upon imported oil, such as raising the tax on gasoline. While I agree that our dependence on foreign oil is not good, raising the tax on gas by $1 or more per gallon would be extremely painful for our working classes and poor....
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Charity Begins at Home
While it is good for the people of Haiti to be given a chance to better themselves, I don’t think that we should tell American garment workers that we have sent their jobs to Haiti. Under a new free trade agreement passed by Congress in 2010, South Korean garment companies are going to sell...
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Tough Job Market for Recent College Graduates
In the booming 1950’s and 1960’s, jobs were plentiful for college graduates. I recently spoke to a person who graduated from a small state college with a degree in accounting in the early 1960’s. After graduation, he went into the military for four years. Upon leaving the military in the late 1960’s, he applied...
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Much More Than Just Factory Jobs
Millions of our factory jobs have been sent to China and other third-world countries. But, we have lost many more jobs in our economy than just the factory jobs that were sent to China. Because of something in economics called the “multiplier effect,” each factory job creates another 2-4 jobs elsewhere in the economy....
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The Harsh Reality
Many big American corporations have figured out how to make billions of dollars in profits without using American workers. Our big corporations have sent tens of thousands of factories and millions of our jobs to China and other low-wage countries. Why use American workers, when cheap foreign workers can be hired for as low...
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Not a “Normal” Recession
It appears that very few people realize that we are not recovering from a normal recession. Budget cuts, tax cuts, stimulus spending, etc. are not going to reverse our economic decline. We are suffering from a structural decline in our economy. Our economy is presently being propped up by $1.3 trillion in annual deficit...
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The Big Corporations Run This Country
Do you ever wonder why our politicians keep allowing the big corporations to send thousands of our factories and millions of our jobs to China and other low-wage countries? Even someone without a high school diploma realizes that closing a local factory, sending the jobs to China, and firing the local workers is bad...
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More Spending on Infrastructure?
Our current economic crisis is not caused by a lack of spending on infrastructure and education. We will not have a sustained economic expansion if we increase our spending on roads, bridges, education, etc. When the stimulus spending on infrastructure and education ends, the stimulus jobs will also end. And the stimulus spending will...
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If Our GDP Increases, Isn’t It Always Good for Our Economy?
An increase in our GDP is usually a good sign for our economy, but not always. Our GDP, Gross Domestic Product, is how we measure the value of all goods and services produced in our economy. It includes wages earned by American workers, including bonuses. But, even positive economic news, such as an improving...
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