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.
Did you think manufacturing was old-fashioned, dirty and low-skilled? Have you noticed how when you see a factory in a TV show it's an old, burnt-down building with broken windows?
Trade deficit = American jobs go away. Big, ongoing trade deficit = millions of US jobs go away. Enormous, humongous trade deficit = millions fewer jobs, poor economy, wage and income concentration...
The GOP's shenanigans surpass even the worst childish behavior, and are far more damaging. The Republican-engineered government shutdown is doing real harm to real people, and endangering an already fragile economy.
The idea is to penalize countries and companies that try to win a competitive advantage in the marketplace by paying subpar wages, allowing unsafe working conditions or escaping compliance with environmental regulations.
A largely anonymous group of officials late last week wanted their work on the Trans-Pacific Partnership – often described as "NAFTA on steroids" – out of the spotlight. But a small group of activists put a spotlight on the negotiations.
For millions of low-wage workers, Labor Day was just another working day, for the same lousy pay. The movement for livable wages doesn't take a day off either. In fact, it's growing.
The July trade report is out. Exports are rising, but imports are rising even more. So our vast, humongous, enormous, out-of-control trade deficit continues its upward trajectory, sucking more jobs and money from our economy.
America used to have a thriving computer-chip manufacturing industry. Now China does that. America deserves to have a solar manufacturing industry, even if the "serious people" say this should end up in China, too. This is about jobs.
We have much to be proud of in America. But having the most economic inequality is one of our most dubious achievements. I guess we just have a very few people who are excellent happiness pursuers. Or maybe it's something else entirely.
Republicans are trying to get people to blame Detroit's working people for Detroit's problems, while just ignoring the $12 billion/month automotive trade deficit caused by "free trade" agreements. Seriously? They expect us to swallow that nonsense?
The enormous, humongous, vast, staggering, unbelievable, job-sucking, economy-sucking US trade deficit shrank to “only” $34.2 billion from a revised $44.1 billion in May. Exports of US goods and petroleum were […]
Hey wouldn’t it be great to pass a law requiring government agencies to try to boost American jobs when they award contracts and buy supplies? Or how about giving contract […]
“Going down to Mississippi wages does not signal a bright future for American economy.” – Harold Meyerson President Obama campaigned with a promise to add 1 million new manufacturing jobs […]
Trans-Pacific Partnership – the corporate sovereignty treaty – is coming and they’re going to try to push it through Congress with “Fast Track.” It’s really, really important to pay attention […]
The trade deficit is a measure of how much money and how many jobs we are transferring in or out of the country. The May trade deficit was just reported, […]
Companies say they are being patriotic and responsible by bringing jobs and manufacturing back to the US. Is it true? And how come you can’t buy clothes that fit anymore? […]
This week I hosted a blogger call to discuss the outcome of last week’s Friday/Saturday meetings between President Obama and Chinese President and General Secretary of the Communist Party of […]