Letters

Letters 04-20-2015

Time For Hartman/Hammond  Long term planning would have coincided the timing of downing the Cass St/Keystone Bridge in TC and the construction of a Hartman/ Hammond Bridge. Such a planned roadway would have met everyone’s needs.

No more Apologies In view of the senseless, brutal murder of an unarmed black man in South Carolina last week by a police officer following a traffic stop for a broken taillight, we must revisit Thomas Kachadurian’s recent column.

What Is Your Experience To Lead? I listened to Marco Rubio’s announcement of his running for the presidency. Many have admired his speech. He said a lot of the right things

Outsourcing NMC Faculty  “Outsourcing” the vast majority of NMC faculty? Do I hear the sound of NMC’s reputation sucked down the drain to save money? Really?

Home · Articles · By R. Thomas Buffenbarger

R. Thomas Buffenbarger

 
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Monday, March 16, 2009

Saving American Jobs

Other Opinions R. Thomas Buffenbarger Saving American Jobs
R. Thomas Buffenbarger 3/23/09

In January alone, 598,000 jobs were lost. More than 200,000 of those jobs were lost in the manufacturing sector. The employment rate now stands at a staggering 7.6 percent. The global credit crunch has, finally and decisively, thrown the gears of growth into reverse.
This global recession is like a runaway tractor-trailer. Downshifting works, once in a while. But if the incline is too steep or the load too heavy, downshifting destroys the gearbox. Momentum does the rest. When the rig comes to rest--and it will, eventually--the wreckage is found everywhere.
The just-passed stimulus bill will repair some of the damage done to America’s economy. But a second stimulus package is needed. And revitalizing America’s manufacturing sector must be its highest priority.
America’s trading partners will not buy a trillion dollars in U.S. Treasury notes to finance our recovery while their own economies sink deeper into recession. They’ve already been burned badly once. Yankee traders sold them the toxic debt--the subprime mortgages, credit default swaps and collateralized debt obligations--that triggered this global recession. Selling them more commercial paper stamped “Made in America” is not a viable option. Our only recourse is to make things other nations will buy. So to stimulate our own economic revival, we must renovate our plants, install new machinery and hone the skills of our workforce.
America needs a 21st Century version of Franklin Roosevelt’s Works Progress Administration. Roosevelt put millions of Americans back to work on an emergency basis in 1935. He did so by creating jobs that would produce “permanent improvements in living conditions or that creates future new wealth for the nation.”
 
 
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