The real issue isn’t whether and how we get manufacturing back. It’s how we get good jobs and good wages back. And they aren’t at all the same thing.
With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues. The Republican candidates all share the same broad approach: Spur private-sector confidence and job creation through permanent tax cuts, reduced federal deficits, and lighter regulatory burdens on businesses. In the same vein, they generally call for efforts to boost trade, encourage domestic oil and gas production, and limit the power of organized labor. But who has the best economic plan?
The US Senate – battered by fiscal crisis and gridlock – voted Saturday to fund the government through FY 2012 and extend a payroll tax cut, set to expire on Dec. 31. The House is expected to vote next week.
The NBA rejected a trade to send superstar Chris Paul from small-market New Orleans to the Los Angeles Lakers. In doing so, the league apparently made some small-market owners happy.
Amid unrest over perceived economic injustices, some Republicans vow to abolish the National Labor Relations Board. The labor board, they say, is impeding economic recovery. Can they succeed?