Latest Manufacturing Numbers Could Be Trend or Blip: AAM Statement

The U.S. manufacturing sector experienced minimal gains in February, posting only 4,000 new jobs. Over the past year, the sector saw average increases of 22,000 new jobs per month.

Alliance for American Manufacturing President Scott Paul said:

“Manufacturing barely continued a positive run of job gains in February. While it’s too early to tell whether this is a trend or a blip, there are policies that can boost factory jobs. Infrastructure investment, which has broad, bipartisan appeal, would be a good start.

“The trade deficit with China may also be dampening the full potential of American manufacturing. This makes a tough, enforceable deal with China even more important. We urge the administration not to settle for the sake of expediency.”

 

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Posted In: From Alliance for American Manufacturing, Union Matters

Union Matters

A Few Hundred Million Good Reasons Not to Care

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Millions of American families are still reeling from the aftershocks of the financial crash a dozen years ago. But a key architect of that debacle, Countrywide Financial CEO Angelo Mozilo, is feeling no pain — and no remorse either. In the decade before the crash, Mozilo took $650 million out of Countrywide, a hefty chunk of that just before the subprime mortgage scam Countrywide exploited started to implode. Earlier this month, Angelo described Countrywide as a “great company” at a conference appearance and declared subprimes as “not the cause at all” of the nation’s 2007-2008 financial wreckage. Added Mozilo: “Somehow — for some unknown reason — I got blamed.” The former CEO is acknowledging that all the blame did at one point bother him. And now? The famously always tanned Mozilo notes simply: “I don’t care.” 

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Every Worker's Right

Every Worker's Right