It is a given that if an economy is to grow, demand must increase. For demand to increase, people need to have more money to spend. In order for people to have more money to spend, they have to have GOOD PAYING JOBS!! Why is this a mystery to so many people, especially politicians?
Consider this statistic from the federal government...from 1994 to 2007, net manufacturing employment has declined by 3,654,000. According to the World Resource Institute, manufacturing was 20.3% of our GDP in 1987, and in 2007 it was 11.7%...that's a 43% DECLINE!
By the way, in 2007 the financial services/real estate sector was 20.4% of GDP.
This year alone we've lost millions of jobs and we have politicians who want to see more pink slips come from the auto industry.
We're diving right into another Republican Great Depression. (borrowed from Thom Hartmann)
Wakeup, America! We need to make things again. We need tariffs! We need PROGRESSIVE policies and legislation to begin to counteract the disastrous results of Reagnomics.
People need good, union jobs that pay a living wage...not a minimum wage.
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