About Economy In Crisis
| What the experts are saying | - Who We Are | - What We Do | - Primary Concerns | - We Believe | - Our Mission | - EIC Staff & Contributors |
What the experts are saying about EIC
EconomyinCrisis.org is packed with valuable information documenting America's economic decline.
-Paul Craig Roberts,
the “Father of Reagonomics” and former Assistant Secretary to the Treasury for Economic Policy in the Reagan Administration
EconomyInCrisis.org is one of my favorite websites.
It’s just a remarkable insightful look at what’s going on with our economy-
particularly with the selling off of America.
-Thom Hartmann, Air America Radio
EconomyInCrisis.org has the information that allows everyone to easily
understand what is happening in the American and world economies.
Pat Choate, Economist and 1996 Vice Presidential running-mate of Ross Perot
Who We Are
www.EconomyInCrisis.org is a news blog dedicated to educating legislators and the American public in regards to the destruction of our country's industrial base, the impact on national and economic security, and the effect on our standard of living. We publish critical but overlooked facts and figures, keeping our readers up-to-date with daily articles regarding the U.S. economy.
Out of concern for America's deteriorating economic condition, the individuals responsible for www.EconomyInCrisis.org donate their expertise and time. EIC does not support any political organization or corporate interest.
- top of the page -What We Do
We compare what led to American industrial and economic world leadership with current policies and the present crippling of our industries. We then objectively extrapolate the near-term outlook and risks for our country, businesses, and individuals. When possible we offer solutions to our weakening economic condition. Economy In Crisis does not support any political organization or corporate interest.
- top of the page -Primary Concerns
Our primary concerns are in regards to the imminent consequences of our involvement in the WTO, NAFTA, NAU and the effects of European VAT Taxes. These issues, sometimes referred to as “free trade” in the popular press, are currently destroying the U.S. economy, yet very little is presently being written about them. We have become one of the leading sources of information on these and other topics affecting the American economy. These issues also include:
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• U.S. overdependence on imports
• Wholesale sellout of core strategic US assets to foreign acquirers
• U.S. inability to manufacture competitively
• Foreign control of vital US industries
• Dependence on credit and false wealth to maintain our current standards of living
• U.S. trade policies and other legislation contributing to these trends
Other U.S. Economic Issues
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• Foreign financing of vast majority of government debt
• Outsourcing manufacturing, research, and design
• Transition to services-oriented economy
• Declining scientific, engineering, and technological prowess
• Wealth shift into less productive assets
• Record levels of personal, government, and trade deficits
• Misleading commonly used economic statistics
We Believe
The rapid deterioration of our economy is attributable to the wholesale liquidation of our best companies to foreign interests. The U.S. has sold more than 16,000 of our best companies in the last 30 years to these foreign interests. This trend erodes our ability to generate earnings, and tax revenues to sustain our current standard of living – resulting in our reliance on imports thus creating uncontrolled and escalating foreign debt.
Holding our debt our jobs and the production of our goods, foreign countries have ultimate leverage over our policies and our future. If we allow this to continue, it will cause our economy to take on a profile similar to a third world country in that we will no longer be providing for ourselves. This direction would ultimately head toward colonial status as America was in 1776; owned controlled and managed by foreign masters.
The American sellout is happening faster than ever as our companies are being taken over in a buying frenzy by foreign investors – like piranha fish consuming its weakened prey. Many of these companies have taken one hundred or more years to develop and were the source of our wealth, strength, and living standards; now overnight, gone. We should be concerned and even outraged that our government let this happen.
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• So-called "free trade" systematically destroys our ability to produce products competitively
• Stronger regulations should be put in place restricting foreign purchasing of US companies
• Economic policy should be derived from facts and results not merely theories and blind faith
• As citizens and consumers we have the power to effect change
• We need grassroots support of our citizens regardless of political, social, or religious affiliations
• We need true political, corporate, and industry leadership and patriotism to preserve and foster the strength of this country, its citizens, and it industries
Our Mission
Our mission is to apprise everyone of the true condition of the U.S. economy, the potential risks of present economic trends, and offer solutions to return America's former economic glory. We present unique articles and facts revealing how the US economy is being drained by foreign competitors and how our standard of living is being diminished. We also utilize mass media, the internet, and press relations to bring this crucial information to the public.
US industry must be vibrant and healthy. US manufacturers must be able to produce competitively. Our government should not rely on foreign sources for financing. Our people should not obtain most of their needed goods by selling title to our wealth-producing assets.
- top of the page -Our Staff and Contributors
EIC Staff:
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• Alexia Cameron – Junior Editor/Senior Journalist. Graduated from The Ohio State University with a Bachelor of Arts in Journalism.
• Dustin Ensinger – Journalist. Graduated from The Ohio State University with a Bachelor of Arts in Journalism and Political Science.
• Craig Harrington – Journalist. Senior pursuing degrees in History and Political Science at The Ohio State University.
• E. David Ferriman – Director of Digital Communications. Senior pursuing a degree in Digital Communications at Franklin University.
Some of our contributors have included:
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• Senator Byron Dorgan the junior United States Senator from North Dakota,
a member of the North Dakota Democratic-NPL Party, the North Dakota affiliate of the Democratic Party.
In the Senate, he is Chairman of the Democratic Policy Committee and Chairman of the Committee on Indian Affairs.
• Dan Merica - a political cartoonist and commentator
• Danny Schechter - an author, producer, blogger, two-time Emmy winner and media critic. He worked as Producer for ABC's 20/20 for eight years and has directed multiple television specials and films.
• Senator Ernest F. Hollings - served as a Democratic United States Senator from South Carolina from 1966 to 2005, as Governor of South Carolina (1959-1963) and Lt. Governor (1955-1959).
• Jack Davis - a former congressional candidate for New York’s 26th District.
• Pat Choate - an economist, author and the 1996 Reform Party Vice President candidate, running-mate of H. Ross Perot.
• Paul Craig Roberts - a nationally syndicated columnist and economist, has served as an assistant editor and columnist from The Wall Street Journal and Business Week. He was also the Assistant Secretary of the Treasury for the Reagan Administration.
• Perry L. Weed - attorney, economist and author.
• Patrick Buchanan - an American political commentator, author, syndicated columnist, politician, and broadcaster. Buchanan was a senior adviser to American presidents Richard Nixon, Gerald Ford, and Ronald Reagan, and was an original host on CNN's Crossfire. He sought the Republican presidential nomination in 1992 and 1996 and ran on the Reform Party ticket in the 2000 presidential election. He co-founded The American Conservative magazine and launched a paleoconservative foundation named The American Cause.
• Richard C. Cook - author and former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department.
• Thom Hartmann - an American radio host, author, and liberal political commentator. He is a lay scholar of the history and textual analysis of the United States Constitution, electronic voting fraud, and environmental issues like global warming.
• W. Raymond Mills - Ph.D. in sociology from the University of Michigan in 1958, taught at Ohio State for 23 years in the Department of City and Regional Planning.
