One aspect of the trade and global governance deals is that other countries, and global courts, tell the US what we can and cannot do. The New Zealand trade minister has now “ramped up the pressure on the U.S. Congress to pass a [fast track] Trade Promotion Authority (TPA) bill, saying the Trans-Pacific Partnership (TPP)…
The Bureau of Economic Analysis released its 4th Quarter Report on international transactions. Here is an excerpt showing how goods exports decreased and the trade deficit worsened. Goods and services The deficit on goods and services increased to $127.0 billion in the fourth quarter from$123.9 billion in the third quarter. Goods The…
Unfair trade deals have lowered the wages of U.S. workers by displacing jobs and weakening the bargaining position of low- and middle-wage workers. President Obama and his predecessors have frequently claimed that free trade agreements (FTAs) and other trade deals would lead to growing exports and domestic job creation. [Reposted from the blog of the…
Boeing’s CEO joined Commerce Secretary Penny Pritzker in a frenzy of negligent economics continuing the export-only lie that the Administration relies upon to justify continued 1900’s trade deals that appease foreign mercantilism and encourage domestic de-industrialization. Boeing grew from government contracts and significant government help in pushing domestic and oversees military and civilian aircraft sales.…