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POPSJobless Rate Jumps to 10.2% How much of that Stimulus money has gone overseas to *create* US jobs over there? I guess Ms. Pelosi will say we need to extend the unemployment benefits even more and her health care bill will be needed now more than ever. The American people can not win with this crowd. This Administration is Carter on steroids.
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POPSThe Economic Impact of the Waxman-Markey C&T Bill
So, the good news for the rest of us--homeowners, car owners, small-business owners, farmers--is that we won't be directly regulated under this bill. The bad news is that nearly all the costs will get passed on to us anyway. What are those costs? According to the analysis we conducted at The Heritage Foundation, which is attached to my written statement, the higher energy costs kick in as soon as the bill's provisions take effect in 2012. For a household of four, energy costs go up $436 that year, and they eventually reach $1,241 in 2035 and average $829 annually over that span. Electricity costs go up 90 percent by 2035, gasoline by 58 percent, and natural gas by 55 percent by 2035. The cumulative higher energy costs for a family of four by then will be nearly $20,000. As with American manufacturers, Waxman-Markey also puts American farmers at a global disadvantage, as other food-exporting nations would have no comparable energy-price raising measures in place.
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POPSRoad to Riches Ends for 20 Million Chinese Poor I have a great idea that will save both our countries. Send Obama to China... permanently. He will fit right in. He's a communist, and will understand how to bankrupt the country and distribute wealth to those who don't earn it. He might even start another Great Leap Forward of massive starvation.
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POPSThe Dysfunctional Duo The Bush Administration sure left its global imprint. But most of our real problem started when America lost its manufacturing base. The economy today is another domino sacrificed in the long-range plan of one world economy. The US dollar has been systematically devalued for the last decade and since 1934 when the gold standard was phased out we've been living on promissory notes. American real estate (commercial and residential) used to be a sure thing until 2004 and now China is buying our junk bonds like we by toilet paper. Last October, Asian and European leaders met to draw up rules for a stronger regulated global monetary and financial system. See: http://answersforthefaith.com/2008/10/26/one-world-economy/ What has happened during the past year only reinforces their resolve to make it happen.
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POPSAnd the news gets worse for workers The article continues, "And Rhode Island, not generally known as a manufacturing hub, has suffered. The industrial conglomerate Textron Inc., which is based in Providence and makes Cessna jets and Bell helicopters, laid off 2,200 of its 43,000 workers last year." Even this article, arguably the closest thing I have seen to the truth in a long time, is totally missing it. Michigan is not dead because of the "faltering" auto industry. Michigan is dead because the NOW faltering auto makers sent the supplier jobs overseas. To companies where the workers would NEVER be able to buy their products. And now, neither can we. As the mass execution of the middle class rages on, it is apparent that reality is not going to pay the experts a visit soon. We, America, will cease to exist because we traded our jobs, futures and wealth, for cheap socks and bigger government. We could stop it IF we wake up and band together. But we won't.
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POPSEconomy: How much proof do we need... Iconic glass/china maker Wedgwood is basically bankrupt. Note the number of employees that make living wages (those IN England/Ireland) and those that make pennies an hour/day. Our economy is crashing because over the past couple decades the world's best CUSTOMERS have lost living-wage paying jobs. Our middle class existence has been offshored. Our rich have gotten richer, we have given our futures to third world countries. Jokes on the experts. The world's best customers are unemployed, credit denied and becoming homeless. Buy local, the job you save may be your own
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POPSTrade with China Cost Jobs in Every State And they say globalization is good for the economy. If losing 2.3 million jobs to China during the last 7 years is good for the economy, then we are in great shape. You can thank free trade and George Bush for this dismal report.
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POPSDemocratic Candidates Long To Renegotiate NAFTA U.S. manufacturing is not in decline. Quite the opposite is true. Output, revenues and profits in the sector all achieved records in 2006, and preliminary government data indicates that new records were set in 2007. American factories remain the world's most prolific, producing 2.5 times the value of Chinese output. ... Between 2000 and 2003 there was a pronounced manufacturing recession, during which 2.8 million jobs in the sector were eliminated. The two candidates extrapolate from that statistic to assert that 3 million manufacturing jobs have been lost since 2000 on account of bad trade deals, like NAFTA, as though the trend were continuing. That's wrong. ... If trade had something to do with the loss of those 2.8 million jobs between 2000 and 2003, imports weren't the culprit. Manufactured imports did not increase at all during those three years. U.S. exports, however, dropped off by 11 percent during that precise period.
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POPSTexas v Ohio There's no doubt times are tough in Ohio. The state has lost 200,000 manufacturing jobs since 2000, home foreclosures are soaring, and real family income is lower now than in 2000. Meanwhile, the Texas economy has boomed since 2004, with nearly twice the rate of new job creation as the rest of the nation. Ohio now ranks 47th out of 50 in economic competitiveness...Ohio politicians deplore plant closings even as they impose the third highest corporate income tax in the country (10.5%) and the sixth highest personal income tax (8.87%)...By contrast, Texas has no income tax, a huge competitive advantage.
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POPS Would You Support A 'Made In China' Ban? After the recall in August of millions of Chinese-made toys containing lead paint, 65 percent of Americans said they are making an effort to avoid buying products made in China, according to a Gallup poll conducted that month. In the same poll, 64 percent indicated they would pay up to twice as much for a product made in the United States instead of a similar Chinese-made product. Of all worldwide imports to the United States, 16.1 percent are from China, according to the Census Bureau. That makes China the second-largest trading partner for the United States, after Canada. From January to August of this year, the United States imported $205 billion worth of products from China. For some products, China often seems like the only source. For example, 80 percent of toys sold in the United States are made in China. The idea of an economic boycott is not new. The U.S. embargo against Cuba, in effect since 1962, may be the most well known.
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POPSAre you trapped in the soulless exurbs? "The creation of an American oligarchy.....a steady Weimarization of the American working class. The top one percent of American households have more wealth than the bottom 90 percent combined." This is an interesting tribute to our "Growing Economy" that King George will be talking about in tomorrows State of the Union Address.
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POPSTurning Up Heat on Global Warming It will be interesting to see how this all plays out... It indeed could lead business to California who will focus on Clean technologies, hoping to jump on the bandwagon (and leading to new investments & jobs)... or.. it could cause a lot of factory jobs to go the way of the dinosaur. The big issue I see is that many of those factory jobs that will likely be lost if the business can't find an economical way to reduce emissions do not even indirectly transfer into the high tech jobs that the new cleaner companies mentioned on the first option I talked about. What happens to those workers? Will Arnie also sponsor state subsidized upgrading of skills?
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