nytimes.com — As oil defined the 20th century, new forms of energy will define the 21st. The U.S. has the opportunity, the intellectual resources and the expertise to lead the world in the development of clean energy. What we’ve lacked so far has been the courage, the will, to make it happen.
Sen. Claire McCaskill said last week that the Senate wasn't going to tackle the Clean Energy Jobs and American Protection Act this year because it would be "really, really hard." If the Senate doesn't handle it this year, will they deal with it in an election year? more »
reuters.com — Expressing frustration over the Obama administration's light touch on China's yuan exchange rate, two U.S. senators asked the Commerce Department on Thursday to investigate alleged Chinese currency "manipulation."
Sen. Charles Schumer, a New York Democrat, and Sen. Lindsey Graham, a South Carolina Republican, said the department has legal authority to determine whether China's currency practices are a form of subsidy and if so, impose tariffs on Chinese imports.
The two lawmakers have attempted to pass punitive tariff legislation against China in recent years to pressure it into floating its currency, and Schumer threatened on Thursday to revive the effort.
In pledging to push for congressional passage of a U.S.-Korea Free Trade Agreement, President Obama is showing his inexperience as well as the "no change we can believe in" attitudes of his economic advisers.
A really smart student intern I’ve had the privilege of working with (Jonathan Flack, GWU 2010) asked a really stupid question. “Why,” he asked, “Do we give China everything it wants? Why don’t we challenge them?” more »
openleft.com — Bush's tax cuts and "free market/free trade" policies were supposed to turbo-charge America's economy, while the neo-conservative foreign policy was supposed to be a blueprint for extending American hegemony across the globe, indefinitely, with the containment and subordination of China as a key strategic goal. Conveniently, those lofty promises of yesteryear have been entirely forgotten. Otherwise it would have been impossible to cover Obama's recent visit to China without starkly confronting the utter failure of conservative ideology.
huffingtonpost.com — While financial markets believe the great recession is over, millions of Americans continue to struggle. Unemployment is 10.2 percent and the more inclusive measure, underemployment, is at 17.5 percent. America's jobs crisis is both a short-term and long-term problem. Therefore, the Obama Administration faces both a tactical problem and a strategic challenge. Citizens need to have jobs as soon as possible but a sustainable recovery requires restructuring of the economy.