Source: Philadelphia Inquirer
9-5-11
Judith Stein is a professor of history and the author of Pivotal Decade: How the United States Traded Factories for Finance in the Seventies (Yale University Press, 2010).In his speech on jobs Thursday, President Obama will offer tax credits for new hiring, extension of the payroll tax cut, and other small items, his aides hinted. These measure may be helpful at the margins, but the only way they, and much needed larger ones, will get people's attention is if they are attached to a narrative that makes jobs the centerpiece of a new economy that produces more of the goods that Americans consume.In 2009, the president seemed to agree when he told CNN, "We can't go back to the era where the Chinese or the Germans or other countries just are selling everything to us, we're taking out a bunch of credit card debt or home equity loans, but we're not selling anything to them."...