The recent cratering of the Chinese stock market left some scars on our 401(k) plans and dominated recent headlines. Some called it a correction. I tend to think of it as another glimpse into the crazy house-of-cards economy in China.
Concealing potentially job-killing trade schemes from the American public thwarts democracy. Rushing unpopular legislation through Congress before American citizens have an opportunity to review it and tell their elected representatives how they feel about it obstructs democracy.
The death of the American steel industry is fine with the likes of the Wall Street Journal, Forbes and the Cato Institute. They say Americans should thank foreign states that violate international trade laws by subsidizing their steel industries.
On paper, these hubs are a good idea. Heck, in practice they're a good idea. Each one is insurance that America has the brains to stay competitive in the next generation of advanced industry. But let's be clear: On their own, they're not enough.
It's easy for Congress to show it cares about American security, the American economy and American manufacturing. All it takes is a vote to secure and upgrade a dam. And, you know, the rest of the nation's infrastructure.
Voters know that punishing currency manipulators, dealing boldly with violations of international trade rules, and ending tax incentives to outsource jobs would help reverse the decline of American manufacturing.
Every Republican in the Senate voted against the Act. They voted to continue forcing Americans to give tax breaks to corporations that ship jobs overseas during the worst recession since the Great Depression.
Shuttered factories and off-shored manufacturing are sapping American strength. Manufacturing needs help, and with unemployment stuck at 9.5 percent, so do the American people. "Make it in America" is that aid.
I like that President Obama accords his Asian peers with respect, bowing if tradition calls for it, even though it raises the hackles of some wingnuts. But bowing to the wishes of China is another matter altogether.