Archive
In Other News China Trade Deficit Still Huge
The August trade figures are out and they are not good. The terrible trade deficit is where the jobs and the economy went but is ignored because it makes a few elites wealthy.
German Solar Companies Also Bring Trade Complaint Against China
American solar companies are not alone in their battle with Chinese trade cheating. The Obama administration recently imposed tariffs because Chinese "dumping" was hurting American companies (like Solyndra). German solar companies are also bringing trade complaints against China for pricing their products below cost to try to put companies in other countries out of business.
Report On Job Cost Of Trade Deficit With China
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%.
Trade Deficit
Ohio Sen. Brown Pushes Revival Of China Currency Bill
The "China Currency Bill" has passed the Senate but is stalled in the House by Republican leadership. Republicans are trying to have it both ways on China and manufacturing, saying they want to do something, but blocking doing something. It could come to the floor and pass if just a few of the 60+ Republican cosponsors asked for it.
Unfortunately, The Fiscal Cliff Joke Is On Us
Originally published at Capital Gains and Games.
Have you heard the one about the big-name financial services CEOs who last week released a letter to Congress and the president demanding they do whatever it takes to avoid the fiscal cliff?
I have no doubt the CEOs were sincere: The fiscal cliff is terrible policy and a ridiculous situation that should be avoided.
But the CEOs’ letter attempts to have it both ways. It demands that the cliff be prevented without the bank and insurance company leaders ever admitting that what they’re really lobbying for is a higher federal budget deficit next year.
We have Federal Reserve Chairman Ben Bernanke to thank for this.
Obama's Environmental Record And The Conservative Response
According to the Washington Post, President Obama "skinned the cat" and used executive powers "to press the most sweeping attack on air pollution in U.S. history." Oil- and coal-backed conservatives can't stand it.
Election Or Not, What Happens To Sensata-Style Workers?
A group of workers whose jobs are being outsourced to China is touring the "rust belt." They are trying to make an election point. But what about the day after the election?
Sensata Workers - More Jobs Going To China
The Next Debate: China and Trade Deficit
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.
The China Trade Deficit
Change.org, Enabler of Davids, Decides To Side With Goliaths Instead
The online petition site Change.org is best known for enabling individuals to use the viral qualities of the internet to speak truth to power, such as when a 22-year-old nanny used the site to pressure a big bank to drop its debit fee, and an Eagle Scout challenged the Boy Scouts of America's anti-gay policy.
The Doublethink Debate
“I agree,” said Mitt Romney, and so he did, with the same passionate intensity with which he previously scorned the president’s foreign policies from one corner of the country to another. On Iran, on Afghanistan, on drones, on Libya, on using military force, on bailing out Detroit, Mitt agreed.
