It's time for our leaders to demand the integrated all-of-government approach to our trade relations with China that is the only one which is going to address the economic nightmare we find ourselves in with that country.
China has a plan and follows its plan, while the Council on Foreign Relations and the Pentagon wait for China to collapse in chaos. China's not the problem. Washington has to stop waiting and whining and get into the trade war.
Reps. Peter DeFazio and Marcy Kaptur just put forward a proposal in the House that I believe no responsible Member of Congress -- whether in the House or the Senate, whether Democrat, Republican or Tea Partier -- should find objectionable.
One after another, our business leaders and economists are realizing that the "free trade" ideology has not worked out very well for the U.S.. We were told by the "experts" that new jobs would replace those lost. They didn't.
Imagine a bucket is our economy. The stimulus is the water poured into the bucket. The holes in the bucket are leakage into the global economy. We pour water into the bucket, and the water leaks out, creating jobs in India, Brazil, and Finland.
It bodes ill that two big issues -- energy and immigration -- which are key to the future of the U.S. economy and our prospects for significant job creation will not be addressed at all in what remains of this Session.
The fair trade movement had initially emerged around coffee, cocoa and tea, major commodities whose producers globally routinely suffered from major price fluctuations and exploitative trading practices.
The DC and business elite don't feel it. They explain the problem by blaming the people they put out of work, saying the unemployed are just lazy, and unemployment checks keep them from looking for work.