Showing posts with label industrial decline. Show all posts
Showing posts with label industrial decline. Show all posts

Sunday, April 4, 2010

Useful site on the vanishing economic base of the United States -w/ daily updates

Discovered from an advertisement in ''The American Prospect:''

(I say vanishing economic base, not just industrial base, as just about everything is getting outsourced. The only economic sector that the Barack Obama administration is concerned with is the financial sector. I'll retract that charge when his administration and Congress takes up the recommendations of Kansas City Federal Reserve chief Thomas Hoenig.)
"Economy in Crisis"
or http://economyincrisis.org

From their "Who We Are" tab:
EconomyInCrisis.org is the website and news blog for Concerned Citizens, an organization dedicated to educating legislators and the American public in regards to the destruction of our country's industrial base, the impact on national and economic security, and the effect on our standard of living. We publish critical but overlooked facts and figures, keeping our readers up-to-date with daily articles regarding the U.S. economy.

We compare what led to American industrial and economic world leadership with current policies and the present crippling of our industries. We then objectively extrapolate the near-term outlook and risks for our country, businesses, and individuals. When possible we offer solutions to our weakening economic condition. Concerned Citizens does not support any political organization or corporate interest.

Out of concern for America's deteriorating economic condition, the Concerned Citizens responsible for EconomyInCrisis.org donate their expertise and time. Concerned Citizens does not support any political organization or corporate interest. Concerned Citizens has recently applied to become government authorized 501(c)(3) tax free organization.
. . .
Questions? Call us - (614) 210-7255

Thursday, February 5, 2009

Support "Buy American" provisions stimulus package

The portion of the American economy represented by industry was hemorraging before the current economic crisis. We must act to improve the position of American industry. America has one of the lowest proportions of its economy being industry, among the world's industrial economies. The percentage of the Gross Domestic Product represented by industry is 19.6 percent. Compare this against Germany, 30.1%, Italy, 26.7, Switzerland, 34%.

We cannot rest our economy predominantly on finance or information services. Furthermore, these portions of the services sector have represented sectors with technology supplanting (human) workers.

The other industrial economies of the world have been aided by government industrial policies. The laissez fairists have always promoted doing nothing, saying that doing nothing is the best policy. This has been shown to be an unmitigated disaster. Our industrial sector has plummeted, as has our position in the balance of trade.

We should call on our Congressional officials, and President Obama, to support "Buy American" provisions of the stimulus package.

Here is one of the few news reports on the matter that does not echo the standard pro-laissez faire / do nothing position:
Andrea Holocek, "Steel leaders talk trade, climate change and Buy American" (Most media press has been biased against this provision.
Not only are union leaders behind this provision, but so are some business leaders; indeed, Republican Tim Murphy of Pennsylvania introduced the provision.
From Holocek's article:
Major U.S. steel industry leaders testified on the sorry state of the industry before the Congressional Steel Caucus Wednesday, asking lawmakers to uphold trade laws and pass sensible climate change regulations that don't hinder domestic steel production unfairly.

The Buy American provision of the Obama administration's almost $900 billion economic stimulus package took center stage.

The caucus, chaired by Rep. Pete Visclosky, D-Ind., works in support of the domestic steel industry.

"The single most pressing issue for steel, and our economy as a whole, is revitalization," said Visclosky, adding that his Northwest Indiana congressional district has had almost 600 steelworkers laid off and many more put on a shortened work weeks.

"These layoffs have serious repercussions throughout our local economy, and sitting idly by is just not an option."

Visclosky, who with Rep. Tim Murphy, R-Pa., introduced the Buy American provision that was added to the American Recovery and Reinvestment Act, said the requirement is a way to support those with jobs and return those currently unemployed to the work force. It would require, with few exceptions, that U.S. produced steel be used in infrastructure projects funded by the proposed federal stimulus bill.