Magazine April 18, 2011, Issue

Where the Jobs Aren’t

President Barack Obama greets workers at Thompson Creek Window Company in Landover, Md., January 7, 2011. (Jason Reed/Reuters)
Public-sector cartels are choking off economic growth

One of the bright spots in our otherwise dismal recovery has been the strength of U.S. exports, which have risen to 12.8 percent of GDP from 10 percent a decade ago. States dominated by factories and farms have fared relatively well as booming emerging markets have gobbled up American industrial equipment and agricultural goods. There is no guarantee that exports will continue to climb as the global economy slows down. Yet it remains striking that the strongest part of the American economy is the part that faces the most vigorous international competition.

In March, the economists Michael Spence and Sandile Hlatshwayo

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To be fair, Obama is right: Nowhere in the Constitution does it say that Congress has to declare kinetic military action.


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