Making It In America

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Making It In America: Building The New Economy

We can’t go back to the economy of the past—a high-consumption, low-wage economy based on asset bubbles and foreign borrowing. Our response to the current crisis must plant the seeds for the economy of the future. America needs an industrial policy to shape that future. From workforce development to component manufacture, we need a strategic collaboration between the private sector and the government to reach our shared national goals. This report makes the case for that policy and explains what should be the key elements.more »

Make it in America

The U.S. manufacturing sector is in trouble. Since 1999, a total of 4.6 million U.S. manufacturing jobs have disappeared, many of them sent overseas. More than a million manufacturing jobs have been lost since the start of the current recession in December 2007, including 200,000 in January 2009 alone.1 These are some of the country’s best middle-class jobs, paying an average of $25,000 more per year than service sector jobs and often providing benefits such as health care and pensions. For workers without four-year college degrees, these jobs have long been the ticket to the American middle class. As manufacturing and associated jobs disappear, the only option for many workers is a low-paid service sector job without clear career advancement opportunities. The result: growing inequality and a dramatically shrinking middle class.more »

The Case

Obama in China Highlights Total Failure of Conservative Vision

Bush's tax cuts and "free market/free trade" policies were supposed to turbo-charge America's economy, while the neo-conservative foreign policy was supposed to be a blueprint for extending American hegemony across the globe, indefinitely, with the containment and subordination of China as a key strategic goal. Conveniently, those lofty promises of yesteryear have been entirely forgotten. Otherwise it would have been impossible to cover Obama's recent visit to China without starkly confronting the utter failure of conservative ideology.more »

Creating the Jobs America Needs

While financial markets believe the great recession is over, millions of Americans continue to struggle. Unemployment is 10.2 percent and the more inclusive measure, underemployment, is at 17.5 percent. America's jobs crisis is both a short-term and long-term problem. Therefore, the Obama Administration faces both a tactical problem and a strategic challenge. Citizens need to have jobs as soon as possible but a sustainable recovery requires restructuring of the economy. more »

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