Bye Bye American Pie

obama uaw

Robert Reich: Although the nation is now producing more goods and services than it did before the slump began in 2007, we’re doing it with six million fewer people.

Unemployment: Shadows and Reality

job creator

Kathleen Peine: The unemployment report came out recently, and Punxatawny Phil saw a service sector job — that means six more years of growth. Or something like that. It’s all very complicated.

Why Growth Is Good

double dip recession

Robert Reich: If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.

Remittances Will Help Haiti Recover and Strengthen U.S. Economy

haiti relief

Michele Wasdin: It is simplistic to argue that remittances are bad because money is leaving the U.S., but upon further analysis, it becomes clear that remittances return to the U.S. in the form of increased exports. Remittances give individuals in foreign countries the ability to buy U.S. goods and the ability to invest in themselves which, in turn, allows them to buy even more U.S. goods.

The Future of Manufacturing, GM, and American Workers (Part I)

auto-plant

What’s the Administration’s specific aim in bailing out GM? I’ll give you my theory later. For now, though, some background. First and most broadly, it doesn’t make sense for America to try to maintain or enlarge manufacturing as a portion of the economy. Even if the U.S. were to seal its borders and bar any […]

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