YET AGAIN: It's the economy!!!!!! A new Gallup poll shows Americans are most concerned about jobs, not the deficit.
We've said this umpteen times: It's not the budget deficit that matters most. It's the JOBS deficit that Washington needs to be focusing on first.
Alliance for American Manufacturing (AAM) Executive Director Scott Paul has been urging this point for months. In April he penned a strongly worded editorial:
...our political culture is obsessed with the wrong deficit. Yes, the American people want to put our government's fiscal house in order. But, more than anything else, the American people want jobs. And it doesn't take an economist to understand that if we create more jobs, our nation's fiscal position will improve.
Little surprise, then, that a new Gallup poll finds almost 9 in 10 Americans say that "now is not a good time to find a job." On the subject of the economy, Gallup reports that 74% of Americans see the economy as the nation's top problem.
It seems a no-brainer that Congress and the Administration should be working 24/7 to put America back to work. What's needed are Middle Class jobs, especially in the manufacturing sector.
Right now is the time to boost manufacturing. Read more about a national manufacturing strategy.
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Warren Buffett on Deficits & The Unmasking of the Deficit Shell
Warren Buffett on Deficits
"The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to `political turmoil.' Pretty soon, I think there will be a big adjustment." – Warren Buffett, January, 2006
The Unmasking of the Deficit Shell Game
Barlett and Steele’s Why jobs keep vanishing Op-ed http://articles.philly.com/2011-06-19/news/29677025_1_trade-deficit-impo... connects-the-dots between the decades of Trade Deficit neglect and the hypocrisy of the current Budget Deficit hysteria. The last paragraph of Why jobs keep vanishing reveals the deficit shell game, stating:” Because turning a trade deficit into a surplus could be harmful to the ruling class and the superrich whose investments are spread around the globe. Congress intends to correct the budget deficit, on the other hand, by hammering the middle class and the working poor, slashing Social Security and Medicare.” During the last 17 years, destroyers of David Ricardo’s comparative advantage have achieved unprecedented potency as to virtually de-couple Free Trade and U.S. competitiveness, enriching the ruling class and decimating the American workforce.