Washington legislators have re-awakened to concerns over the Defense Department’s inability to plan for and deal with what is now the final stage in the shift of American microelectronics production offshore. Congress wants the Pentagon to figure out how it is going to deal with issues associated with purchasing “trusted” electronics for military weapons and…
by Michael Stumo The latest rigged trade deal, the Trans-Pacific Partnership, will cut import taxes (tariffs) on imported goods. The recent US International Trade Commission report on the TPP (released 5/18/16) says that this will be $5.8 billion in lost tax revenue. Will this require a tax hike on US taxpayers? Or cuts in government?…
A Friday piece in Politico Magazine warns that a Hillary Clinton “fumble on trade” could give Donald Trump wins in Ohio, Wisconsin, and Michigan in a general election contest. In a piece entitled, “How Hillary Loses,” David S. Bernstein writes that the new polls showing Trump ahead of Clinton represent a “terrifying moment for Democrats.” While Bernstein says one should not read…