I’ve been wanting to write about the economy again, but just could not get my thoughts together when I had the time to write. A friend at work sent me a link to an excellent article that captured most of what I was thinking. You can find the article here at Business Week. The article missed one of my points though. Without innovation defining new products that drive exports, jobs, and investment in the US, the US will become the economic equivalent of an oil well. The rest of the world will maintain/grow the current trade imbalance and pump money out of the US until we run dry. Then they will abandon us and move on. Rather than legislating band-aids, like health insurance reform, the congress needs to be worried about the education of our people (not foreigners), and investing in long-term fundamental research. Growth, jobs, and economic stability will return eventually.