President Obama's Council on Jobs and Competitiveness ("Jobs Council") issued a report calling for fewer regulations and lower corporate tax rates. This doesn't have to be a bad idea.
In November President Obama said, "enough is enough" to China's currency manipulations. Today the Treasury Department said it hasn't seen enough to call China a currency manipulator. more »
A huge part of the reason we can't get out of this unemployment slump is the trade deficit. We don't buy American and neither do our "trade partners." We buy from them, they sell to us -- that's not "trade." Stimulus means we buy from them. Cutting taxes means the extra cash buys from them. Nothing we try brings jobs here because we don't buy enough here that's made here and they don't either. If we want to fix employment we have to fix trade.
Congress just passed three more NAFTA-like trade deals, so our country's trade deficit is going to get even worse. And pressure on working people to accept pay and benefit cuts and longer and harder working hours is going to get even worse. And the rewards to the top 1%, at the expense of the rest of us, are going to get even greater. more »
We buy a lot from China, and they don't buy much from us. Some call that "trade." The result is that our jobs, factories, companies, industries and wealth are moving to China. One very big thing we can do about this right now is to confront China over their currency manipulation and the Senate passed a bill to do just that. more »
A new report shows just how many jobs have been lost to "China’s currency manipulation, state-owned enterprises, heavy industrial subsidies, intellectual property theft and piracy, indigenous innovation policies, rare earth mineral export restrictions and other trade-distorting practices," and lets you look at the numbers in each Congress more »
In last night's Republican Presidential debate, former US Ambassador to China and Presidential candidate Jon Huntsman was asked about Gov. Mitt Romney's call to confront China over their trade policies. Huntsman appeared to say that we should not confront China over their currency manipulation more »
One part of Mitt Romney's "Jobs Plan" is worth pointing out and commending: he is right when it comes to China. Romney calls for steps to make China "play be the rules" including sanctions for currency manipulation and blocking China's use of third-party countries to evade enforcement. more »
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