Germany has the economic strengths America once boasted.
'Germany with its manufacturing base and export prowess is the U.S. of yesteryear, an economic power unlike any of its European neighbors. As the world's fourth-largest economy, it has thrived on principles America seems to have lost.' 'Germany's economy looks like that of the U.S. a generation ago. In 1975, manufacturing accounted for about 20% of the United States' economic output, or gross domestic product, about the same as in Germany today. Since then, U.S. manufacturing's share of GDP has slid to about 12%.' [more inside]
posted by VikingSword
on Jan 22, 2012 -
Jorge Bonilla is hospitalized with pneumonia from sleeping at the restaurant where he works, unable to afford rent on wages of thirty cents an hour. Domestic worker Yanira Juarez discovers she has labored for six months with no wages at all; her employer lied about establishing a savings account for her.
In 1992, Fordham law professor Jennifer Gordon
founded the Workplace Project
to help immigrant workers in the underground suburban economy of Long Island, New York. She has written a book
,"Suburban Sweatshops", to describe the experiences of these immigrants
. More inside.
posted by matteo
on Mar 15, 2005 -
Dollar's Decline Is Reverberating
All this talk about blue state, red state. How's the state of the one thing we all think about equally in common coming along?
Isn't it time for a serious, non-partisan, "morally" neutral dialogue on the state of the US economy?
posted by crasspastor
on Nov 15, 2004 -
Drowning the government in a bathtub
- "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub."
Thus spoke Grover Norquist, of Americans for Tax Reform
. "The lunatics are now in charge of the asylum"
, quipped the conservative UK Financial Times
. Hardly, says Paul Krugman
. The strategy?: "Instead of challenging popular liberal programs directly, the Republicans are creating fiscal conditions that make those programs unsustainable." [lead post, Am. Prospect]. In other words, the 400 billion dollar deficit
, coupled with the Bush tax cuts, is designed to shift the obligations of the Fed onto the States
and, later, to cause a fiscal train wreck after Bush is out of office.
posted by troutfishing
on Jun 12, 2003 -
But it was broken when I got here!
New numbers indicate that the recession started before Bush came to office. Do Bush's statements succeed in making him less responsible for the recession in the eyes of the public? Do these kinds of statements restore people's faith in the economy?
posted by rks404
on Aug 7, 2002 -