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.

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.

Asking Americans ...

Did you buy American today? If so, that was the smart, patriotic deed of the day. Let's all repeat that again tomorrow to create jobs and rebuild our country and lives.

If not then when will you stop the practice that creates trade deficit and job erosion, decimates the manufacturing sector and innovation in America?

God bless America, and may you be a part of those blessings. Listen to Andy Grove, he tells the truth as is.

Why is Manufacturing Essential for American Well-being

Noam Scheiber - The New Republic

Noam Scheiber's "Why we should cry for our shrinking Manufacturing Sector" should be required reading for Policy Makers and All Americans - as many if not most (Americans) do not realize the impact of globalization and loss of manufacturing jobs on everyday life in America.

Since coming to the US in mid 80's I've personally experienced and observed a steady decline of income across mature industries. Each closed factory means not only displaced workers but also factory owners, who cannot or have not been able to make a transition from making towels and nuts to building a Google. I am not sure if there is an agency counting numbers like me who once were American middle class and now struggle to find jobs, but I know there are many treading bleak spaces, which will remain bleak unless we start making more things locally for our own consumption and ALSO sell in world markets because selling Boeing is not enough to offset the American trade imbalance.

Trade imbalance is a threat because in our case it equals shrinking employment base.

Wine, cheese, fashion, iPod, iPhone, small batch Bourbon prove that there is a whole lot of American enterprise and creativity creating products that China and India cannot make based on knowledge and cultural factors, therefor the key to is to develop small manufacturing across sectors to repair and rebuild the American Dream.

The proof that manufacturing and economic growth thus prosperity are related is India reporting 7.9% growth in its economy for 2009; and China going gangbusters, in these hard times - both large, diversified manufacturing nations.