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America's industrial strength, it's industrial base, is one of the four pillars of America's leadership of the Free World. Without it the Free World will fall apart. The other pillars are it's education and it's health care. Underfunding of education with declining enrolment of men in college and lack of factory jobs comes with loss of the industrial base for taxes, taxes avoided by Apple and other companies. All these problems are becoming clear in 2025 as DJT calls for reindustrializing the Nation.
Grouped Articles
Trump, Apple relationship devolves with threats
The Hill 05/26/2025
Tech’s Trump Whisperer, Tim Cook, Goes Quiet as His Influence Fades
NYTimes.com 05/26/2025
Tim Cook’s Bad Year Keeps Getting Worse
WSJ 05/24/2025
Federal regulators and the Bush and Obama administrations failed miserably to help homeowners achieve loan modifications. This with the false belief that putting homeowners out of their homes would actually speed up a recovery, considering the huge scale of foreclosures in the USA , the high unemployment and other problems hitting the economy. Feldstein's consistent arguments for homeowner relief throughout 2008 and 2009- considering the large number of homeowners under water- as the mortgage crisis unfolded, were ignored by the Bush and Obama administrations. See the comparisons to Japan's lost decade, as the lack of recovery in housing adds to problems with job losses. The lawsuits, legal action and mortgage settlements facing banks as they make their way through the mortgage mess.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Banks Keep their Mortgage Litigation Reserves a Secret
New York Times 01/16/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
BP’s Cuts May Wound Portfolio Recovery
Wall Street Journal 02/04/2015
The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.
Grouped Articles
Wall Street Journal 10/04/11
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/10
New York Times 09/30/10
Wall Street Journal 10/02/10
The Engine That Pulled Us Out of Recession
Wall Street Journal 03/19/15
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/16
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