The Week in Review
Some interesting items this week...
For starters, here's something that would surprise most Americans: China actually holds only 9.5% of total U.S. treasury debt. This means they simply do not have the leverage over the U.S. economy that is typically presumed.
Another misconception is that U.S. manufacturing must be doing well because hiring was up in 2010, and that increased productivity means everything is golden. We debunked these claims, however. In truth, U.S. manufacturing has a long way to go in order to recover 5.5 million jobs lost in the past decade. Also, productivity data is misleading due to foreign labor inputs on assembly. Read more about that here.
Lastly, we've been citing a new AAM chart that shows how lost manufacturing jobs mean lost revenue for the U.S. economy.
Related recent Blogs
- May 23, 2013 Headlines: Gains in the job market, small businesses manufacturing in the U.S.A., and more. • by LRaup • 05/23/2013
- VIDEO: Concerns about America's defense industrial base • by scapozzola • 05/22/2013
- CNBC: China investing in U.S. • by scapozzola • 05/22/2013
- In Indiana, ongoing concerns about subsidized auto parts from China and Japan • by scapozzola • 05/22/2013
- RADIO: AAM's Scott Paul on Leslie Marshall Radio Show, May 20, 2013 • by scapozzola • 05/21/2013
- May 21, 2013 Headlines: Tensions with North Korea, a stronger WTO, and more. • by LRaup • 05/21/2013
- Shoring up our security means addressing the China challenge • by mmcmullan • 05/20/2013
- Quote of the Day from Caterpillar's Doug Oberhelman • by LDonia • 05/20/2013
- May 20, 2013 Headlines: Manufacturing & social media, growth of the U.S. economy, and more. • by LRaup • 05/20/2013
- President Obama visits Baltimore factory to promote infrastructure investment as a means of revitalizing the middle class • by LDonia • 05/17/2013