by Dave Johnson | Mar 16, 2010 | Blog, China Currency Showdown
China argues that some American companies will suffer if China stops subsidizing manufacturing and adjusts their currency to market levels. They're right. The fight over Chinese violations of trade rules is also another story about Wall Street and big, monopolistic...
by Dave Johnson | Mar 15, 2010 | Blog
China is holding down the value of its currency, which means goods made there cost less everywhere else. This undercuts American companies that make things, so they close factories here and buy from there. This costs us jobs, forces down our wages and savings rate,...
by Dave Johnson | Mar 12, 2010 | Blog
Pat Buchanan has a column today on manufacturing, The Disemboweling of America, that hits the nail on the head. In fact, if I fairly excerpt enough of the column and send you over to read it, my work here is done. For today. Buchanan begins by outlining just how much...
by Dave Johnson | Mar 11, 2010 | Blog, Making it in America
There is a great deal of pressure on the Obama administration to declare China as a currency manipulator, and with very good reason: they are manipulating their currency. This manipulation gives goods made in China a huge price advantage over goods made in other...
by Dave Johnson | Mar 10, 2010 | Blog, Economy
The economy is still getting worse more slowly. We lost "only" 36,000 jobs last month. We need to create 11 million new jobs just to get back to where we were before "free-market" conservatives took over our government and dismanted the protections and regulations...
