The Treasury Department released its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies this week, and went to great lengths to find a way not to label China as a currency manipulator.
It doesn't matter how much we might increase exports if we don't do something about imports, too, because if imports are higher than exports, that is a net loss of jobs and wealth.
Working people and democratic governance on all sides of NAFTA's boders are now worse off. Congress should recognize this before approving any more "NAFTA-style" trade agreements.
President Obama said he would create one million new manufacturing jobs. The President has not met his goal, but we can still reduce unemployment, create new good manufacturing jobs, and reduce our trade deficit all at the same time.
One place where America's leaders could advocate for America's economy, businesses and working people is by confronting currency manipulation. It is costing us 5.8 million jobs.
Many Wall Street and D.C. elites say that more trade is always better. But is the goal more trade, or trade that benefits We the People of the United States and our economy?
The trade deficit went up slightly in January, and as a result manufacturing jobs aren’t doing all that well. That’s because a trade deficit means that jobs move out of the country.
Simple message: The trade deficit costs jobs. Our budget deficit right now doesn't. This is a huge issue. Please ask your elected officials and candidates what they plan to do to fix it.
More than 40 organizations today called on the U.S. Trade Representative to let the public have a say in what rights foreign-based business interests have in our legal system.
A recent report confirms that some of the officials crafting the Trans-Pacific Partnership were paid handsomely by the Wall Street institutions that stand to benefit from it.
A report released by the Economic Policy Institute says we could create millions of new jobs and speed up economic growth if we act to end global currency manipulation. Simple as that.
Trade negotiators want to ban "Buy America" government procurement policies so companies like GE and Caterpillar can get more contracts in other countries. But GE and Caterpillar don't pay taxes here. So what we We the People get?
We know that the Trans-Pacific Partnership has an intellectual property section that will override government rules that limit the ability of giant corporations to trample the interests of smaller competitors and the public.
We have to stop fast-track authority for the Trans-Pacific Partnership. Then we should take the momentum from that to demand Congress and President Obama instead fix NAFTA first.
Advocates of the Trans-Pacific Partnership claim that trade adjustment assistance for displaced workers will make it OK for the people who lose their jobs. The record of "NAFTA-style" trade agreements says otherwise.
The main theme of Obama’s State of the Union address was his battle against growing American income inequality. But economists of all stripes agree that U.S. trade policy has been a major contributor to that inequality.
Multinational corporations are demanding new trade deals that will open our markets to goods made by millions of low-wage workers. The next time the president starts whispering sweet nothings about trade, ask a few questions.
The reason NAFTA was so harmful to working people was the way it was negotiated – under fast-track authority, behind closed doors. We know from experience what happens once legislators have the fast-track ticket in their hands.
The plan President Obama mentioned briefly during Tuesday's State of the Union speech to promote manufacturing hubs would be undermined by his desire to fast-track the Trans-Pacific Partnership through Congress.
Today 564 organizations released a joint letter to Congress opposing fast-track trade promotion authority. The organizations cover the entire field of what would be considered President Obama's "base."
Elites believe that all that matters is that the possibility exists for someone to get rich. After all, that's their highest value, so it must be that for everyone. But acquiring great wealth isn't the holy grail for most people.
The head of the Alliance for American Manufacturing warns that allowing the Trans-Pacific Partnership to be fast-tracked through Congress will lead to more lost manufacturing jobs and more downward pressure on wages.
This could become the model for a new and profoundly subversive model of governance, in which elected government becomes little more than an afterthought to corporate-backed deal-making. But the fight isn't over.
The White House is pushing hard for "fast track" trade promotion authority, to help push through the Trans-Pacific Partnership and other upcoming "trade" agreements. Fortunately few Democrats are falling for this.
Bucking the conservative tendency to blame and punish the poor, and the trend towards criminalizing homelessness, Utah has come up with simple, cost-effective solution for homelessness.
The NAFTA, KORUS and China trade deals worsened income inequality. There is no evidence the Trans-Pacific Partnership would be any different. American workers need a new trade philosophy that puts people first, not corporations.
In all of 2013, manufacturers added 77,000 new workers. It won't be much better in 2014 unless Congress and the Obama administration get their collective acts together.
The 2012 trade deficit was $540 billion. Imagine how many people would have been hired and how our economy would grow if OUR country's factories and businesses had that $540 billion of orders in 2012. That's what this is about.
Senator Max Baucus wants to fast-track consideration of a trade authority bill (a bill that would force Congress to vote up or down any trade accord put before it without amendments), before he goes to be U.S. ambassador to China.
The reasons behind the fall in the trade deficit in November hint that the economy might be getting better. But our trade deficits are still large, and cost us lost jobs and prosperity.
NAFTA was not just a "trade" agreement. Trade agreements focus on cutting tariffs and easing quotas and barriers to goods moving across borders. The report points out that NAFTA was much more, giving corporations special rights.
Despite its utter and worsening failures on virtually every measure, bankers and their retainers are still inventing new claims to spin the NAFTA model of radical property protection and trade deregulation as positive.
A nasty little Google boy gets mad and says what he really thinks: "This is a city for the right people who can afford it. You can't afford it? ... It's time for you to leave."
Fast Track should be as much of an electoral test for progressives as Social Security is. Progressives have to make this a line that cannot be crossed. This is about democracy vs big-corporate dominance of our economy and society.
Americans got a peak behind the curtain of the Trans Pacific Partnership, and what we found is frightening. Wikileaks published a draft of the “intellectual property rights” chapter, and it poses a serious risk to free speech and information access.
The latest figures from the Bureau of Economic Analysis show that our nation is recovering from the 2008 recession, but all of that growth is going straight into the pockets of the corporate elite.
Considering the recent performance of the U.S. economy, and the ongoing, relentless pursuit of austerity it's, an especially bad time to be making any "trade deals." So let's just table that little project for the time being, shall we?
Giant corporations are asking Congress to give up its constitutional obligation to consider and amend a trade treaty that requires our country to give up its sovereignty. Many Republicans don't appear to be falling for this one.
Selling a country's seed corn can make you a huge pile of cash, and you'll have a private jet to fly to your own private island so you don't have to worry about what comes next.