Establishment economists will defend to the death the idea that trade does not destroy jobs. Yes, I’m serious. They believe that. Really. Instead, they say, job losers move into other jobs so there is no net job loss. They also assume that trade deals cause no change in the balance of trade. This matters because…
President Obama’s top 2016 legislative priority is passage of his legacy-building “free-trade” deal, the Trans-Pacific Partnership (TPP). But the American public is highly skeptical of TPP and its alleged beneficial economic effects. [Kevin Kearns| January, 26 2016 | Polizette] The public has it right. The problems with the deal are legion. Here are a few…
Slow growth is often blamed for the dearth of good paying jobs and the administration’s inability to stem the decline in average family incomes. [Peter Morici| January, 26 2016 | The Hill] The six-year expansion has averaged 2.2 percent annual economic growth and added 188,000 jobs per month. Coming off a similar bout with double-digit…
New Zealand Trade Minister Todd McClay on Jan. 21 local time announced that his government has issued invitations to ministers from all Trans-Pacific Partnership (TPP) countries for a Feb. 4 signing ceremony in Auckland, New Zealand. U.S. Trade Representative Michael Froman will participate in the signing, according to a USTR spokesman. [Daily News| January, 25 2016 |…
FOR IMMEDIATE RELEASE January 25, 2016 Contact: Paola Masman, Media Director 202-688-5145, [email protected] by Michael Stumo, CEO of the Coalition for a Prosperous America The Peterson Institute for International Economics (PIIE) released a report today that trumpets embarrassingly small gains from the Trans-Pacific Partnership trade agreement. The PIIE and media headline writers wrongly focus upon one number – $141B…
BEIJING – One out of four U.S. companies active in China has moved some operations out of the country or is planning to, as conditions worsen in the world’s second-largest economy, an American business group said Wednesday. [Agence France-Presse| January, 20 2016 | Industry Week ] Foreign investment has been a key part of China’s transformation…
The Manufacturing Association of Central New York (MACNY) hosted the 3rd Annual Manufacturing in the Empire State event in Syracuse today. Rep. John Katko (R-NY) and several CPA leaders presented. The materials from the program are below. (Image: Charles Blum, Brian O’Shaughnessy, Paola Masman, Rep. John Katko, Michael Stumo, Randy Wolken) MACNY is represents almost…
If implemented, the Trans-Pacific Partnership (TPP) could undermine many of President Barack Obama’s landmark achievements and thus his legacy on jobs and economic recovery, health care access, financial reform – and close to Michigan’s heart – the U.S. auto industry rescue and more. The great mystery is why Obama called for congressional passage of…
Both Hillary Clinton and Bernie Sanders are running against free trade, to judge by their stump rhetoric. But it’s fairly clear that Sanders, unlike Clinton, is sincere in his opposition. Unlike her, he has a consistent record of opposing free trade, not a long series of zig-zags for political expediency. He would probably oppose free trade for real if…
If spying is the world’s second oldest profession, the government of China has given it a new, modern-day twist, enlisting an army of spies not to steal military secrets but the trade secrets and intellectual property of American companies. It’s being called “the great brain robbery of America.” The following is a script from “The…