The challenge for both Obama and Romney: how to tackle the "jobs crisis?"
In Huffington Post, Jane White says that while President Obama may be right to criticize Mitt Romney's tenure at Bain Capital, he isn't immune to criticism of his handling of America's job crisis.
Simply put, according to White, it would be hard to say that either candidate's economic approach is purely correct:
Neither Reaganomics nor Keynesian approaches to our stagnant economy will work. Economist Paul Krugman's contention that "If we were to ... rehire the schoolteachers (and) firefighters ... we would be a long way back towards full employment" is dead wrong. Stimulating spending simply keeps Wal-Mart checkout clerks and Chinese factory workers on the job instead of creating well-paying American factory jobs.
White argues that good-paying jobs are needed, not just "jobs." What's necessary are bold moves like bringing back manufacturing jobs and investing in worker training for the 21st Century.
Related recent Blogs
- President Obama visits Baltimore factory to promote infrastructure investment as a means of revitalizing the middle class • by LDonia • 05/17/2013
- It's Fashion Friday, but NoCargo carries more than just American-made clothing! • by LDonia • 05/17/2013
- May 17, 2013 Headlines: Strengthening our national security, focusing on jobs, and more. • by LRaup • 05/17/2013
- Five reasons you should be concerned about the U.S. military's reliance on foreign manufacturers. • by LDonia • 05/16/2013
- Looking for a manufacturing job? Consider heading to one of these ten metro areas! • by mmcmullan • 05/16/2013
- National Retail Federation dismisses global safety plan for garment factories while Cambodian shoe factory collapses. • by LDonia • 05/16/2013
- OPINION: Aren't we better off buying safe, Made-in-USA products? • by scapozzola • 05/16/2013
- May 16, 2013 Headlines: factory collapses in Cambodia, U.S. retail industry dismisses plan for safer working conditions, & more • by LDonia • 05/16/2013
- U.S. Senate Passes Water Resources Development Act (WRDA) with Buy America Amendment Included. • by scapozzola • 05/15/2013
- And the crystal ball says that U.S. manufacturing is going up/down/sideways... • by scapozzola • 05/15/2013