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.
On the campaign trail Romney says we shouldn't ship jobs to China and should "crack down" on China trade problems. But he refuses to help or even meet with the Sensata workers whose jobs are being shipped to China right now. more »
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?
Ohio is the center of the Presidential election, and the center of the fight over manufacturing policy and trade policy. Polls overwhelmingly show that the public gets it that the trade deal with China is the core of the problem. So both campaigns are making promises to fix the problem. One difference, though, is that one side just makes promises while the other side has actually delivered. more »
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. more »
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%.
China and the US are in a fight to win a share of the millions of jobs and trillions of dollars that will come from the new alternative-energy industries that are gearing up to replace oil and coal. more »
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. more »
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