Monday's final campaign debate focuses on foreign policy. Will it focus on our policy of running huge trade deficits with China? Every dollar of trade deficits makes our country a dollar poorer. That trade deficit is the deficit that our Washington elites should be worried about.
We as a country have been running enormous trade deficits that enormously benefit our 1% at the expense of the rest of us. As a country we get poorer while they get richer, so they want things to stay just the way they are. And that is where we are today -- an increasingly poorer country with an increasingly richer 1%.
A trio of governors and a duo of lieutenant governors last week dined on pink slime burgers and pronounced them mouth-wateringly-delicious-and-nutritious as TV cameras rolled on their barbeque in a Nebraska factory that manufactures the stuff.
Last week several groups, including the United Steelworkers, petitioned the federal government to whack the latest trade mole – illegally traded auto parts from China.
With President Obama announcing creation of a new trade enforcement unit in his State of the Union Addre more »
A huge part of the reason we can't get out of this unemployment slump is the trade deficit. We don't buy American and neither do our "trade partners." We buy from them, they sell to us -- that's not "trade." Stimulus means we buy from them. Cutting taxes means the extra cash buys from them. Nothing we try brings jobs here because we don't buy enough here that's made here and they don't either. If we want to fix employment we have to fix trade.
Deficit fever has swept through our capital, and President Obama has finally caught it. However, his speech is focusing on the wrong deficit. And that’s because, quite sadly, our political culture is obsessed with the wrong deficit. Yes, the American people want to put our government's fiscal house in order. But, more than anything else, the American people want jobs. more »
Tragically, the government of Colombia exhibits the behavior of an addict. And, just as regrettably, the United States is co-dependent, so addicted to so called free trade that it plans to award Colombia an agreement based solely on promises.
Addicts always promise. They’ll stop, they pledge. more »
In a New York Times Economix blog post, David Barboza suggests that things are looking better in U.S.-China trade because America's exports to the People's Republic are increasing.
Barboza cites a U.S.-China Business Council study that more »
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