The six Waltons, heirs to Walmart founder Sam Walton, not only have a net worth equal to the combined wealth of the bottom 30 percent of Americans, but they also own and control nearly half of Walmart, the world's largest corporation. That's an astounding fact.
The most important deficiency among Democrats and Republicans alike is the lack of awareness of the "inconvenient economic truth" that the time-honored remedies to our woes -- whether they are tax cuts or government stimulus packages -- are irrelevant in this global economy.
If we are to build upon the Arab Spring, the liberation of the Libyan people, and the flowering of individual rights around the world, our work starts at home, by defending American manufacturers and the American jobs they create.
Recent research on the value accruing to different elements of the Apple supply chain show that the U.S. inventors of i-Products capture most of the economic value, including wages, embedded in their products.
Whether the American Jobs Act ultimately passes or is killed in Congress by the GOP, simply having the debate about the role government should play in the economy is critically important on the eve of the 2012 elections.
It's hard to believe that nearly four years into the worst Recession since the Second World War, while mired in a jobless recovery of unprecedented length and magnitude, we continue to hear that manufacturing jobs don't matter.
There is a more positive economic and political case to be made that, instead of accepting a slow decline, we put our shoulder to the wheel and build on the apparently hidden but obvious strengths of U.S. manufacturing.
Obama is ignoring growing opposition from his Democratic base and voters across the political spectrum to resurrect policies Congress has refused to approve for over four years. And to get his message across, he's using every trick in the book.
Numerous politicians have stated that the number one concern of the U.S. government should be to focus on jobs, particularly within the manufacturing sector. There are a number of reasons that prove otherwise.
US Trade Representative Ron Kirk doesn't believe many middle-class manufacturing jobs will be a part of America's future. Like many free trade proponents, he views the loss of these jobs as inevitable.
There are few issues more vital to our state of Michigan, as well as our nation, than advanced manufacturing and trade. The "Make it in America" agenda is a plan to rebuild the American manufacturing sector.