Land of Opportunity turning barren

Rex Nutting says in Marketwatch, "With millions of people twiddling their thumbs waiting for a job, the Land of Opportunity is in danger of becoming barren. Nearly three years into our economic wilderness, we still can't seem to find our way out. Fifteen million Americans are looking for work, and most of them know the job they once had is gone for good. Millions more are working, but need something better than part-time hours or a dead-end job .... "

But Rex pointedly misses or declines to mention the direct corelation between our trade deficit (and the resultant job exports), and American unemployement rate (and the consequent decline in the quality of life of lower middle class Americans which is also in direct proportion to the rise of the new lower middle class in India and China).

Unless we sell more than we buy we will be broke - so its time we go back to school for Adam Smith and Economics 101 because we've obviously forgotten the basics.

The Onion says

Still not even a twinkling of light at the end of the tunnel for the unemployed and under-employed Americans and for the general prospects of American economy. But rather than citing more morose facts, here's the Onion on our state of economic affairs:


Treasury Department Issues Emergency Recall Of All U.S. Dollars

Layoffs are back

"Layoffs are back, and that's bad news for the fragile economic recovery. Without more jobs, consumers will not feel secure enough to spend much money, further slowing the economy. The grim outlook has economists lowering their estimates for growth in the second half of the year"

So the bad news continues without any change in anything except the continuing misery for those Americans affected by globalization.

American Apocalypse

David Stockman, Ronald Reagan's Director of the Office of Management and Budget, equates GOP's economic policies with the "American Apocalypse"

He is equally critical of Democrats' large government and spending process.

Andy Grove has expressed a similar sentiment, as has Robert Reich.

Protecting our own interest is not any more protectionist than protecting our borders. Protecting American economy therefore Americans is a matter of national self interest and needs bipartisan committment to boost local manufacturing and job creation. If that means taxing imports and job exports then that needs to be done strongly like our response to the Soviet Union during the Cold War.

America read this

If you must read 1 story, and subscribe to 1 blog then this is the one:

http://theeconomiccollapseblog.com/archives/the-american-people-dont-need-more-handouts-what-they-need-are-good-jobs/comment-page-1#comment-7746

It may sound obsessive, but with 10 million Americans out of work, a huge trade imbalance that no one is addressing, and no clear solution in sight to stem job erosion its time to get obsessive, so get obsessed about saving our country by fighting to save our jobs.