Letters to the Editor

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The new economy needs new rules, declares the candidate. His timing could not be better.
  • No, Check *Your* Calendars

    the hemorrhaging of jobs and deficits began under bush.

    Wrong. It's been going on for years. A quick visit to the Bureau of Labor Statistics shows that, just from the raw numbers:

    Mfg

    Employment 1/

    Year (000)

    1979 19,426

    1980 18,733

    1985 17,819

    1990 17,695

    1995 17,241

    2000 17,263

    2001 16,441

    2002 15,259

    2003 14,510

    2004 14,329

    2005 (1st Qtr) 14,258(p)

    Keep in mind our population has grown substantially since 1979, so these numbers are even more alarming. They also don't reflect the quality of the jobs - we've traded a lot of heavy industry with highly-skilled, highly-paid labor for really low-skilled, low-paying jobs, like the assembly of manufactured components or frozen food factories (yes, Virginia, the cheeze poof factory workers who dump MSG into the bag are considered part of the "manufacturing" sector).

    Trade deficit figures have been even more grim, for two decades now. So have personal, local, state and federal budget deficits, in spite of some accounting trickery and raiding the Social Security trust.