Linda Nguyen-Perez, a research/policy analyst at the Los Angeles Alliance for a New Economy (LAANE), works to promote America's manufacturing jobs and create career pathways for historically disadvantaged women and men, and Michelle Knapik is the director of the Surdna Foundation’s Sustainable Environments Program. This is a cross-post from The Huffington Post.

The Los Angeles County Metropolitan Transportation Authority (aka L.A. Metro) needed new, clean buses. If L.A. Metro had simply followed current buying protocol, its single focus would have been on finding a company to deliver the lowest-cost buses. In all likelihood, this would have resulted in jobs going overseas (but for some final assembly jobs on U.S. soil).

If the United States implemented trade policies to end currency manipulation—especially by China—not only would that reduce the U.S. trade deficit by $190 billion to $400 billion over three years, it would be a major first step in reviving the nation’s manufacturing sector and creating up to 4.7 million jobs, according to a new report from the Economic Policy Institute (EPI).  

This is the fourth of a four-part series describing what went wrong with America’s economy and how to fix it. Read Part 1 here, Part 2 here and Part 3 here—and please leave a comment to tell us what you think. (Click the chart to enlarge.) 

To fix what’s wrong with the U.S. economy, we have to replace the failed low-wage economic strategy of the past 30 years with a high-wage strategy for shared prosperity.

The first step in such a high-wage strategy is to put America back to work because high unemployment keeps wages down. Our goal should be “full employment,” meaning everybody who wants to work should be able to find a decent job. We can’t allow the unfounded fear of inflation to be used as an excuse to keep unemployment high and wages low.

This is the third of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 4 tomorrow and read Part 1 here and Part 2: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Long Answer"—and please leave a comment to tell us what you think. (Click the chart to enlarge.) 

If we want to fix what’s wrong with our economy, we can’t just return to the way things were before the Crash of 2008.  We have to fix what was wrong before the Crash.

And what was that?  In short, it was the failure of our low-wage economic strategy of the past 30 years, which crippled the growth engine of the U.S. economy.

This is the second of a four-part series describing what went wrong with America’s economy and how to fix it. See Part 3 tomorrow and read Part 1: "Tell Us What You Think: What’s Wrong With the U.S. Economy? The Real Scoop"—and please leave a comment to tell us what you think. (Click the chart to enlarge.)

If the short answer is “we’re still recovering from the Crash of 2008,” the long answer is “there was obviously something wrong with the economy long before the Crash of 2008.” 

There were obvious warning signs during the Bush years that should have set off alarm bells.  Most importantly, wages and middle-class family incomes were dead in the water.  The median income for working-age families started falling in 2000 and never recovered during the 2001-2007 recovery.

Trade deficits matter: 2.7 million U.S. jobs have been lost over the past decade due to our nation’s growing trade deficit with China, according to a new report out today (click on chart to expand).

“The China Toll” also shows that between 2001—when China was admitted into the World Trade Organization—and 2011, the U.S. trade deficit with that nation eliminated or displaced 2.1 million manufacturing jobs. Those jobs represent more than half of all U.S. manufacturing jobs lost during that time.

U.S. voters across the political spectrum overwhelming have negative views of companies that outsource jobs to China and strongly support Buy America provisions, according to a poll released today by the Alliance for American Manufacturing. Voters also say strengthening manufacturing in the United States is a top economic priority and they back the creation of a national manufacturing strategy to better compete with foreign nations that already have them in place.

If there was ever a time to push Made in America products, the 2012 Summer Olympics is certainly it. However, according to an ABC News report, Team U.S.A. will be wearing Ralph Lauren uniforms Made in China when they compete in London this summer.

If anyone thinks U.S. manufacturing isn’t relevant to our lives today, they should consider this report from the Alliance for American Manufacturers pointing to the battle against raging wildfires in the western states:

The Associated Press is reporting that the sole U.S. manufacturer of a device to spray airborne fire retardant is no longer in business. This means that while Air National Guard units currently possess Modular Airborne Firefighting Systems (MAFFS), new MAFFS systems are no longer being made. This has led to concerns that future efforts to fight wildfires in the western U.S. may be hampered.

Meanwhile, says House Democratic Whip Steny Hoyer (D-Md.):

Our overseas competitors are doubling down on investments in their workforces, in innovation, and in providing the tools that nurture manufacturing growth. Not only are other countries surging ahead in the number of engineers and scientists they graduate, but they are pouring money into basic research and technology development.

The number of new jobs rose by 80,000 in June and the unemployment rate stayed at 8.2 percent, according to Bureau of Labor Statistics data out this morning. The boost in jobs is less than the 100,000 needed per month to keep up with the growing workforce, and far short of what’s needed to replenish the millions of jobs that have never been regained since the recession’s onset.

Private employment, which excludes government agencies, increased by 84,000 in June, the weakest in 10 months. In fact, the number of those working for public-sector jobs decreased by 4,000.