by Leo Gerard | Jan 14, 2014 | Making it in America
That giant sucking sound predicted by Ross Perot commenced 20 years ago last week. It is the North American Free Trade Agreement (NAFTA) vacuuming up U.S. jobs and depositing them in Mexico. Independent presidential candidate Perot was right. NAFTA swept U.S. industry...
by Dave Johnson | Jan 10, 2014 | Making it in America
Friday's dismal jobs report showed that manufacturing jobs increased by 9,000 in December, after adding 17,000 jobs in October and 31,000 in November. In all of 2013, manufacturers added 77,000 new workers. According to the National association of Manufacturers...
by Dave Johnson | Jan 10, 2014 | Making it in America
Senator Max Baucus (D-Mont.) and Representative Dave Camp (R-Mich.) have officially introduced fast-track trade authority legislation in Congress. Fast track is a process that bypasses Congress' constitutional role in the treaty process. Fast track prohibits...
by Robert Borosage | Jan 8, 2014 | Making it in America
Washington reality constantly astounds even the most cynical. The U.S. trade deficit with China has reached new heights (depths?). This deficit with one country – historically unprecedented – now approaches $1 billion a day, and is about 45 percent of our entire...
by Dave Johnson | Jan 7, 2014 | Making it in America
This morning the U.S. Census Bureau’s Bureau of Economic Analysis released trade deficit figures for November. The enormous, humongous trade deficit in goods and services fell from $39.3 billion in October to $34.3 billion for November. Even though this is still an...
by Dave Johnson | Dec 30, 2013 | Making it in America, Populist Majority
Public Citizen’s Global Trade Watch has issued a new report, NAFTA at 20: One Million U.S. Jobs Lost, Mass Displacement and Instability in Mexico, Record Income Inequality, Scores of Corporate Attacks on Environmental and Health Laws. The report compares the promises...