This week several groups announced a campaign to stop the Trans-Pacific Partnership (TPP). People have had enough experience with treaties like NAFTA to know that it is bad for the economy, bad for workers and bad for the environment. And the Trans-Pacific Partnership trade agreement is NAFTA on steroids.
Congress is focused on all the wrong things to get people back to work. We hear day after day the drone of budget deficits, yet not a word is mentioned on the trade deficit. This is the problem Congress should be obsessed with. Our massive trade deficit is stunting economic growth and costing America millions of jobs.
Disgusted by both parties? Upset that both Obama and Romney will do nothing about globalization, bad trade, importing foreign guest workers, offshore outsourcing, financial reform, stopping too big to fail, protecting the environment, soaring education costs, underwater mortgages, jobs, jobs, jobs, for profit health care costs or pick your pet peeve issue? If you're in a State where the election isn't close, lest you forget Florida 2000, you might want to check out third party candidates. There are four choices although they are not all on every ballot in every state.
Libertarian Party candidate Gary Johnson, Green Party candidate Jill Stein, Constitution Party candidate Virgil Goode, and Justice Party candidate Rocky Anderson. The hour and half event was moderated by former CNN anchor Larry King and Christina Tobin, founder and chair of the Free and Equal Elections Foundation and is available on C-Span and also the entire debate is viewable below for your political pleasure.
Once again the U.S. Treasury and President Obama have refused to label China a currency manipulator, this time by delaying their report on exchange rates until after the election. The excuses abound, with the claim the Treasury Department must assess progress via a G-20 meeting, scheduled conveniently in November, to oh gee, the administration doesn't want to start a trade war.
The Obama Administration is committed to protecting the rights of nearly 800,000 American workers in our $350 billion auto and auto parts manufacturing sector.
Export subsidies are prohibited under WTO rules because they are unfair and severely distort international trade. China expressly agreed to eliminate all export subsidies when it joined the WTO in 2001. China benefits from international trade rules and must in turn live up to its international obligations.
While this action is long overdue, the realty is this administration has been complicit with China, refusing to label them a currency manipulator. Additionally the Obama administration has passed even more bad trade deals and is working on a mega bad trade agreement, the TPP.
While Chinese auto part imports have surged 25% in the last two years, so has the overall manufacturing trade deficit. Below is the percent change from a year ago in the manufactured goods trade deficit. This trade deficit has increased 14% from one year ago and 26.3% from two years ago.
Did you know Silicon Valley's best export is American jobs? That China has a new policy which is a bigger threat to the U.S. economy and jobs than direct offshore outsourcing has been?
The U.S.-China Economic and Security Review Commission held a hearing, China’s Five Year Plan, Indigenous Innovation, and Outsourcing and contained within are more damning facts about China running amok in terms of capturing U.S. industry for themselves.
China lays out economic strategies by five year detailed plans. The latest calls for Chinese investments, that's government investment, of up to $1.5 trillion to develop alternative energy, biotechnology, information technology, advanced equipment manufacturing, alternative fuel autos and other energy saving, environmental technologies.
China's indigenous innovation policy means corporations are forced to technology transfer to China their intellectual know-how, advanced technologies in order to even do business in China and certain to obtain Chinese government contracts.
Obama is on a roll, seemingly for every donor and special interest group that can get out the vote for election 2012. First, there was a leaked document on the negotiations for the Trans Pacific Partnership.
People talk a great deal about free trade. But for better or for worse the real world that we live in is more a mercantilist world than it is a free markets and free trade world. And in this mercantilist world there is a fundamental divergence between the goal of our corporations, which is to maximize profit, and the goal of rebuilding manufacturing here in the United States.
This week several groups 
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy! 
Did you know Silicon Valley's best export is American jobs? That China has a new policy which is a bigger threat to the U.S. economy and jobs than direct offshore outsourcing has been? 
Obama is on a roll, seemingly for every donor and special interest group that can get out the vote for election 2012. First, there was a 
People talk a great deal about free trade. But for better or for worse the real world that we live in is more a mercantilist world than it is a free markets and free trade world. And in this mercantilist world there is a fundamental divergence between the goal of our corporations, which is to maximize profit, and the goal of rebuilding manufacturing here in the United States.
Recent comments