Trade

CMA-CGM Benjamin Franklin

Dec
25

Wonderful. 3 1/2 football fields worth of Chinese imports. Meanwhile in America's former centers of manufacturing: tumbleweed.

(One of three about to be unleashed.)

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Infatuation with Free Trade on Ebb

Oct
06

After the 24/7 adulation of 'free trade' that we've been getting from traditional media for the past 20 years, it's interesting to point out that, according to the NBC/WSJ poll from yesterday, most Americans now believe trade has cost jobs and 'hurt' the nation over all.

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China Syndrome

Nov
15

Thomas Palley in a post well worth reading explains:

The world economy has paid dearly for complicity with and silence about the economic policies of the last 15 years, which have culminated in the deepest and most dangerous recession since the 1930’s. It will pay still more if policymakers remain passive about China’s destructive currency policy.

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Wall St. Values - At Some Point the Democracy Oozes Through

Sep
24

I don't see how anyone could be surprised by this action concerning a deluge (apparently) of Chinese tires.

Considering that our industrial base has been decimated over the past 30 years or so, the only government that wouldn't react in this way, is one that could totally ignore its own citizenry.

Fortunately for us, we live in a democracy. I just don't think Wall Street has connected those two dots.

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'Buy American' - A Dirty Word?

Jun
03

Since when did 'Buy American' become a dirty word?

This editorial by the New York Times has to be the dumbest ever.

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Arrogance of the White Collar

Jun
01

Robert Reich has a problem with manufacturing. At least he does when it's practiced in the U.S. For some reason, he thinks that actually making things has gone the way of the horse buggy and 45rpm record player.

It's not a new argument. We heard it all the time during the Clinton Administration. The problem is, the people promoting it could never come up with an alternative that wasn't some form of temporary bubble.

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Let America Be America Again: Manufacturing Edition

Dec
24

Best news I've heard all month. Clyde Prestowitz on this evening's Newshour with Jim Lehrer:

We're in a crisis right now. And it's painful, and it's going to get more painful. But the good news is that, at least for the United States, we're going to have a manufacturing renaissance.

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Fannie/Freddie: Happily Afloat Through Debt

Sep
08

I dunno, I keep hearing that Fannie/Freddie were ways the Chinese et al. could funnel money back to us so we could buy more goods from them.

That's pretty much the message of the segment on today's Morning Edition entitled, "U.S.-China Cash Flow Depends On Fannie, Freddie".

That's one way of looking at it.

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For Bush Everything is National Security

Apr
07

Even trade packs with countries like Columbia:

"This agreement will advance America's national security interests in a critical region. It will strengthen a courageous ally in our hemisphere. It will help America's economy and America's workers at a vital time. It deserves bipartisan support from the United States Congress."

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