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XMFSinchiruna (26.49)

Time to Crank-Start the American Industrial Machine



September 17, 2009 – Comments (0)

Please read the article and share your thoughts! :)

"When it comes to a post-industrial economy adapting to a financial crisis of this magnitude, the world has no clear precedent. The wheels of industry were instrumental in churning our way out of the first Great Depression, and as long as they remain popped tires, I believe that all roads will lead to a bumpy, jobless, and prolonged process of recovery."

"In other words, the U.S. is poised to play its role in stabilizing global commodity demand as China takes something of a breather, with the possibility that some effect from the stimulus program will finally come through and carry the torch further. We're building the bridge as we cross it, and the entire world has a stake in its successful construction."

"As the nation struggles to eek recovery from the ashes of a still-raging inferno, the reduced scale of the industrial base presents special challenges to the overall outlook for employment and sustainable recovery. Without a firm commitment to rebuilding industrial production and capacity, alongside a necessary emphasis on environmental stewardship, I maintain that all purported engines of economic recovery will turn out to be clunkers."


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