Tag Archive | "budget deficits"

U.S. Economy De-Evolving: Rebuilding The Industrial Base

U.S. Economy De-Evolving: Rebuilding The Industrial Base

Politicians love to preach about the virtues of an industrial base. They do it for three reasons: Industrial firms are great sources of subsidies and political patronage, such patronage buys support from organized labor union voting blocks, and it actually does make sense for countries to produce real things of value. Since WWII America’s industry has steadily declined as a percentage of GDP, but the winds of change are blowing. Continue Reading

Posted in Economics, Featured, Investing, PoliticsComments Off

Freedom Under Fire, Mar. 12th, 2009

Freedom Under Fire, Mar. 12th, 2009

China “worried” about U.S. Treasury holdings, California Congresswoman implicated in bank scandal, U.S. loses $11.1 trillion in household net worth, Mexican drug cartels have assassins in U.S., Texas governor rejects $555 million in stimulus money, Obama dispatches warships to Chinese waters…just the latest in your Freedom Under Fire Report! Continue Reading

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