Another green-energy-related company built on government subsidies is having trouble keeping its head above water. This time, the scandal surrounds Compact Power, a subsidiary of LG Chem.* In 2010, the Obama Administration proudly gave Compact Power a $150 million grant to build a vehicle battery manufacturing facility in Michigan. These …
Former Governor Jennifer Granholm (D–MI) confessed Wednesday to an “obsession” with creating manufacturing jobs in the United States. That is a brave admission, given that the dictionary defines obsession as “a persistent disturbing preoccupation with an often unreasonable idea.” Following up on President Obama’s call in Charlotte for creation of …
As Mark Twain might have put it, the reports that General Motors is alive are somewhat exaggerated. “Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts …
The Alliance for American Manufacturing (AAM) thinks we should strengthen domestic manufacturing, and to garner support, they have even taken out ads in conservative standbys such as RedState.com and Human Events. Their prescription, however, misses the mark. The AAM correctly points out that to strengthen our manufacturing sector, the U.S. …
Both candidates in the presidential race have been accusing the other of “outsourcing.” It’s one of those words that is loaded with negative meaning, implying that the perpetrator is un-American. But does America have an outsourcing problem? What is popularly referred to as “outsourcing” is the practice of offshoring business …
With negotiations over the Trans-Pacific Partnership (TPP) between the U.S. and eight other countries set to resume this week in Dallas, opponents are dusting off the same old discredited arguments against international trade. In a recent Huffington Post article, Leo Hindery of the New America Foundation dismissed the TPP as …
Sen. Ron Johnson (R-WI) spent 31 years in manufacturing before his election to Congress last November. He’s not letting that experience go to waste. Johnson is out with a new video this morning to coincide with President Obama’s visit to Carnegie Mellon University in Pittsburgh to promote manufacturing. He criticizes …
Paul Krugman recently lamented the fact that in recent years, “manufacturing, once America’s greatest strength, seemed to be in terminal decline.” His analysis, though, misses the mark. He reached this conclusion because “in the 1990s, U.S. manufacturing employment was more or less steady. After 2000, however, it entered a steep …
