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View Diary: Two million jobless Americans face their own fiscal cliff if unemployment benefits expire (112 comments)

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  •  This plot of the duration of unemployment (18+ / 0-)

    indicates this is not a typical business cycle downturn, and we should not expect a normal business cycle recovery to fix it.

    In a totally free trade environment, with low transportation costs, our  steady loss of our manufacturing jobs and base to low-wave areas, especially in Asia is seeking wage equalization with the rest of the world.

    Much of the  most modern manufacturing technology is being located in emerging nation in Asia where vast numbers of highly educated and low wage workers are eager and excited to have jobs paying wages few Americans could live on, even in poverty.  

    Additionally, China has an aggressive industrial policy to target domination of emerging industries such as the production of solar photovoltaics invented in the US, much the the same way the Japan and South Korea targeted consumer electronics and the automobile industry decades ago.

    We in the US need to more carefully study economic history and the challenges involved in the "fair trade-free trade" issues.  

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Mon Nov 12, 2012 at 01:30:33 PM PST

    •  Damned straight! (3+ / 0-)
      Recommended by:
      Eric Nelson, HoundDog, Mary Mike

      Americans need to think about what it really costs to buy cheap stuff that shoots holes in our own economic fabric, too.

      •  That the obama admin has ongoing secret trade (3+ / 0-)
        Recommended by:
        snoopydawg, qofdisks, 714day

        talks rightly criticized by labor   chaps my @ss .  Still working for the 1%, but I am still waiting on those comfortable shoes..

        Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

        by divineorder on Mon Nov 12, 2012 at 02:41:25 PM PST

        [ Parent ]

        •  that needs to be diaried (2+ / 0-)
          Recommended by:
          divineorder, 714day

          Even Congress doesn't know what is in them.
          What happened to giving tax breaks to business bringing jobs back?  Or reworking NAFTA.
          Obama wants to lower corporate taxes from 35-25' when many do not even pay taxes.
          Why can't he even propose a work program like FDR did.
          We fought like hell to get him and them recelected.
          I expect them to fight just as hard for us now.

          If the Fetus you Saved was GAY, would you still fight for its RIGHT'S?

          by snoopydawg on Mon Nov 12, 2012 at 05:07:22 PM PST

          [ Parent ]

    •  I remember the NAFTA wars. Regardless of what (8+ / 0-)

      one might think about Ralph Nader on other issues, he (and others) were correct on Clinton's NAFTA. It was a big mistake imho.

      202-224-3121 to Congress in D.C. USE it! You can tell how big a person is by what it takes to discourage them. "We're not perfect, but they're nuts."--Barney Frank 01/02/2012

      by cany on Mon Nov 12, 2012 at 02:32:43 PM PST

      [ Parent ]

    •  Americans are going to have to make do... (2+ / 0-)
      Recommended by:
      hmi, qofdisks

      ...with less.

      Suburbia, unaffordable waste of resources. Most people shouldn't need to own a car. Walkability is key.

      Most people should not live in single family homes. They require tons of resources and are hard to heat.

      Education costs will fall, because they must. College degrees will not be worth high prices in the future other than a few specialties.

      The future isn't going to be about protecting American living standards. It is going to be about effectively managing the decline.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Mon Nov 12, 2012 at 02:46:33 PM PST

      [ Parent ]

      •  It doesnt have to be a decline. (0+ / 0-)

        It could just be living smaller, more sustainable but higher quality lives. It means fewer humans living efficiently immersed in high culture.

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