One of the concerns facing the United States today is that we no longer manufacture what we need to sustain ourselves. We rely on imports and absurd amounts of debt to sustain our standards of living and consumption. Our leaders have also fallen into the bad habit of selling off our most valuable assets and profitable companies to over-seas interests.
Tag Archives: economy
It has been a long decline for America’s once-great city of Detroit. The city once had a population of over two million, now it is below 750,000. A vibrant city has slowly decayed as businesses have left or closed down. Unemployment is high among those who remain, whole neighborhoods have been deserted, the indignity of a bankruptcy for what was once the richest city in North America, and toxic water has been added to the list.
The country’s largest solar panel factory is just about to open near Buffalo River in New York. This is causing a major economic boom in the state because of jobs and savings on energy cost across the state. The jobs opening aren’t just jobs at the factory but also companies moving to the state in order to use the cheap clean power.
In a study carried out by Pew Charitable Trusts, it was discovered that, in 2012, China became the world leader in clean energy investment. The United States saw a decline in clean energy investments and technologies that same year. But think about it, how is China not going to grow and advance when all of our dollars are leaving our banks and going to China due to the massive trade deficit?
Signs of America’s economic distress are everywhere. Businesses are either closing down or leaving our shores. Our unemployment rate remains high and unsustainable, and college graduates still face unprecedented hardship when finding a job. Our economy is no longer stable, and it is our failed policies that have led to our current crisis.