In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent. [Reposted from Creators.com | Pat Buchanan | May 12, 2015] And that probably sugarcoats it. For trade deficits subtract from the growth of GDP, and the U.S. trade deficit that just…
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The Senate refuse to invoke cloture on Fast Track today. They needed 60 votes to proceed to debating the bill on the floor. But they could only get 52. Below is an uncorrected transcript from C-SPAN (from closed captioning). You can get a flavor of the debate. ***** THE PRESIDING OFFICEROFFICER: THE SENATOR FROM COLORADO.…
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The centerpiece of President Barack Obama’s economic agenda faces a cliffhanger vote in the Senate on Tuesday, as Democratic leaders move to block his trade bill — leaving one powerful Oregon Democrat who may hold the key to the outcome squeezed between his party leaders and the White House. [Reposted from Politico | Burgess Everett…
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Congress is in an intense debate over trade bills that will shape the course of the US economy for decades. Much of this debate has been characterized as a fight over whether international trade itself creates or destroys American jobs. There is, however, another major concern — that modern “trade” agreements are often less about…
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Eight years ago, Charlie Rangel and I worked with our House Democratic colleagues to co-author what became known as the “May 10th Agreement” on labor and environmental standards in trade agreements. For the first time, fully enforceable labor and environmental standards would be placed into our trade agreements on equal footing with every other commercial…
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Greg Autry is an Assistant Professor of Clinical Entrepreneurship at the Marshall School of Business, University of Southern California. He serves as senior economist with the Coalition for a Prosperous America. You can find him on Facebook. [Reposted from the Huffington Post | Greg Autry | May 11, 2015] The White House claims that…
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WASHINGTON — A heated dispute over how to challenge China on currency policy has imperiled a trade bill that has become President Obama’s top legislative priority, uniting even the president’s top Democratic supporters against taking up the bill in the Senate. [Reposted from The New York Times | Jonathan Weisman | May 11, 2015] Senator…
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An editorial by Pat Choate, a CPA supporter and author of “Saving Capitalism: Keeping America Strong”. President Obama is escalating his personal attacks on Senator Elizabeth Warren (D-MA) because of her opposition to the Trans Pacific Partnership (TPP). On Saturday May 9, 2016, he not only asserted in an interview with Yahoo that her opposition…
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Today, the Senate makes a critical test vote on the Obama Administration’s trade agenda, kicking off a process that the White House hopes to end with the signing of an agreement between 12 nations called the Trans-Pacific Partnership. In preparation for this vote, President Obama has been deliberately antagonizing his critics, mostly liberal Democrats. Senator Elizabeth Warren…
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In an interview with Yahoo News that ran over the weekend, President Obama intensified his push-back against Elizabeth Warren and other critics of the massive Trans-Pacific Partnership trade deal, flatly declaring that Warren is “absolutely wrong.” That came after a speech Obama delivered at Nike headquarters, in which he continued making an expansive case for…
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