Letters

Letters 07-21-2014

Disheartened

While observing Fox News, it was disheartening to see what their viewers were subjected to. It seems the Republicans’ far right wing extremists are conveying their idealistic visions against various nationalities, social diversities or political beliefs with an absence of emotion concerning women’s health issues, children’s rights, voter suppression, Seniors, Social Security, Medicare and Medicaid...

Things That Matter

All of us in small towns and large not only have the right to speak on behalf of our neighbors and ourselves, we have the duty and responsibility to do so -- and 238 years ago, we made a clear Declaration to do just that...

An Anecdote Driven Mind

So, is Thomas Kachadurian now the Northern Express’ official resident ranter? His recent factfree, hard-hearted column suggests it. While others complain about the poor condition of Michigan’s roads and highways, he rants against those we employ to fix them...

No On Prop 1

Are we being conned? Are those urging us to say “yes” to supposedly ”revenue neutral” ballot proposal 1 on August 5 telling us all the pertinent facts? Proposal 1 would eliminate the personal property tax businesses pay to local governments, replacing its revenue with a share of Michigan’s 6 percent use tax paid by us all on out-of-state purchases, hotel accommodations, some equipment rentals, and telecommunications...

Fix VA Tragedy

The problems within the Veterans Administration identified under former President Bush continue to hinder the delivery of quality health care to the influx of physically wounded and emotionally damaged young men and women...

Women Take Note

I find an interesting link between the Supreme Court Hobby Lobby and the crisis on the southern border. Angry protesters shout at children to go home. These children are scared, tired, hungry and thirsty, sent to US prisons awaiting deportation to a country where they may very likely be killed...


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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