Why Obama’s Economic Plan Will Not Work—And a Better Plan

by Robert Freeman

"Seven million high-paying manufacturing jobs have been shipped overseas in the past decade, one third of all those in the entire economy. Twenty per cent of the nation's labor force - thirty million people - are idle or underutilized. Thirty percent of the nation's factory capacity is idle. Three quarters of the na......tion's home building capacity is idle. More workers are out of work longer that at any time since such statistics started being collected, in 1948. The results are cataclysmic."