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Time Running Out to Rebuild the U.S Economy

by James Parks, Oct 29, 2009

 
   

The unwillingness of political leaders to act boldly for the nation’s economic future has put our prosperity in danger, and it’s past time to do something about it, union leaders and lawmakers said today.

Pennsylvania Gov. Ed Rendell (D) told the closing session of the Building the New Economy conference in Washington, D.C., that other nations, especially India and China, have made a huge commitment to rev up development of efficient energy sources and threaten to leave the United States in the dust. Said Rendell:

Time is running out. The science and technology are there, but do we have the will? The time of American economic dominance is fast disappearing.  If we have an America that doesn’t make anything, then we become a second- or third-rate power.

Rendell, United Steelworkers (USW) President Leo Gerard and Rep. Earl Blumenauer (D-Ore.) made up the final panel for the conference.

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