There is a word missing from the “solutions” offered by both Democrats and Republicans to the searing economic crisis visited upon America by a combination of craven financial speculators, complacent regulators, feckless politicians and not a little bit of greed amongst many borrowers.

That word is “sell.”

It is only in the selling of surplus manufactures – as Adam Smith taught us – that new income enters the economic system, with the corollary effect of demonstrating, maintaining and advancing the  institutional and operations frameworks for national competitiveness.

So we must ask ourselves, what is America selling to the world? (more…)

From The Hill:

Democrats are set to unveil a new jobs initiative Wednesday that will provide grants to local governments to save or create jobs.

House Education and Labor Committee Chairman George Miller (D-Calif.) will join other lawmakers and mayors to announce a $100 billion program to support jobs initiatives in local governments and municipalities.

“Our goal is to retain or create a million jobs,” Miller said during an appearance on CNBC Wednesday morning. “There’s some very serious concern that the small, good news we’re getting right now on the unemployment figures could be wiped out by what’s going to happen in local governments, if they don’t get some assistance.”
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