Dave Johnson: Royal Wedding of Austerity And Trade Deficits Is Killing Our Economy

Posted by Anonymous on 04/29/2011

In a post featured on OurFuture.org, Daily Kos, and Huffington Post, Campaign for America’s Future’s Dave Johnson makes a strong case for why our government’s “marriage” of austerity and trade deficits is depleting the economy:

“The current DC brain-fog motto is, "if it doesn't work, do it more." Today's GDP-growth report shows that austerity isn't working, so the geniuses in DC want to do it more. And they say, "government just gets in the way of business" so we send our businesses out on their own to compete with governments, and the resulting trade deficits eat our jobs.”

And what does Johnson cite as the solution to this problem? The same solution that we have suggested time and time again: the adoption of a national manufacturing strategy that will help ensure that U.S. manufacturers remain competitive in the global marketplace.  We agree with Johnson and hope that Congress realizes that the “honeymoon”  is over—and that it’s time to get serious about strengthening our manufacturing base and creating jobs.

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