Economyincrisis.org - America's Economic Report

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CHEMICAL CHRISTMAS

Craig Harrington | Published 11/20/08

With no productive capacity to produce our own toys, the United States is dependent on what goods it can import from China regardless of health and safety concerns.

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Reversing the Trend: Some Suggestions for Action

Economy In Crisis | 11/20/08

The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this emerging crisis. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.

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The Coming of the Second Great Depression?

Craig Harrington | 11/19/08

America has all the ingredients necessary for creating a depression, the recipe is set and the buns are in the oven. The only questions that remain are 1.) when will the fall come and, 2.) how bad can things get?

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The No-Think Nation

Paul Craig Roberts, former Secretary of the U.S. Treasury | 11/19/08

Wow! The entire country is steamed up over the Republicans bailing out a bunch of financial crooks who have paid themselves fortunes in bonuses for destroying America's pensions. Why do Democrats want to protect Republicans from further ignominy by not giving them the opportunity to vote down a bailout for workers? Quick, someone enroll the Democratic Party in Politics 101.

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Bankruptcy Filings Spell Doom for Businesses

Dustin Ensinger | 11/19/08

Corporate bankruptcies were once seen as an opportunity for companies to readjust business models and save jobs in the process. Now businesses filing for bankruptcy are being placed in an increasingly precarious situation as uncertainty surrounds the availability of credit.

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Backlog of Vehicles Piling up at Ports

Dustin Ensinger | 11/19/08

In an undeniable sign of just how poorly the auto industry is currently doing, backlogs of thousands of imported vehicles from Nissan to Toyota to Mercedes Benz are making port properties look more like an LAX parking lot.

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The Great American Sell-Off: A Disastrous Habit

Foreign Ownership of U.S. Industries

	Sound recording industries	97%
	Commodity contracts dealing	79%
	Motion picture and sound recording industries	75%
	Metal ore mining	65%
	Motion picture and video industries	64%
	Wineries and distilleries	64%
	Database, directory, and other publishers	63%
	Book publishers	63%
View Full List of Industries

Foreign Financing of U.S. Government Debt

	Japan	$593.4 Bn
	China	$518.7 Bn
	United Kingdom	$290.8 Bn
	Oil Exporters	$173.9 Bn
	Brazil	$148.4 Bn
	Carib Bnkng Cntrs	$133.5 Bn
	Luxembourg	$75.8 Bn
	View Full List of Debtholders

U.S. Consumption Spent On Foreign Goods

	Footwear	90%
	Audio & Video Equipment	87%
	Other Leather Products	86%
	Leather and Hide Tanning	75%
	Apparel Accessories	67%
	Apparel	67%
	Computer Equipment	59%
	View Full List of Products