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Today the US Trade Representative (USTR) Ron Kirk filed two complaints with the World Trade Organization (WTO). The first alleges that China is keeping American credit and debit card companies […]

China Currency Battle Heating Up

Since China joined the World Trade Organization (WTO) our country’s balance of trade has gotten worse and worse and we have lost jobs and jobs (and money and money). Between […]

SS On The Table But BS Not

The President has a commission looking at ways to reduce the budget deficits which were caused by tax cuts for the rich and military spending increases. Social Security – which […]

Fairy-Tale Social Security Policy

Lots of kids believe in Santa Claus. This is because people repeat the fable to kids over and over, telling them that Santa Claus will deliver presents to them if […]

Obama Jobs Plan Needs Industrial Policy

Speaking in Ohio today President Obama described his new jobs and economic programs. (Full text here.) The two major pieces of Mr. Obama’s package — expanding and making permanent a […]

American Jobs Tragedy

The stimulus worked but was not enough. Here is the result: This is known as “the scariest jobs chart,” from

MLK March To Labor Day

Last weekend was the anniversary of Martin Luther King’s March on Washington For Jobs and Freedom, and Labor Day is next weekend. Last weekend Glenn Beck tried to hijack the […]

Boehner Trade Plan: Go Back To Disaster

House Minority Leader John Boehner (R-OH) gave a speech yesterday describing his party’s positions on jobs & the economy going into the fall election. Summary: Our economic policies destroyed the […]

Five Things People “Know”

The things that people “know” are very different from the “reality-based” things those of us reading a blog like this know, and those things seem to always, always serve the […]

China Springs The Trap

China has a national economic/industrial policy and we don’t. They create the conditions for key industries to thrive and we don’t. They make sure all of the infrastructure, finance, supply […]

Our Growth Is Outsourced, Like Our Jobs

In the news today, a familiar story: imports increased, exports declined. About $50 billion in one month alone. The trade gap isn’t just costing jobs, it’s a significant factor in […]
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