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Trade Deficit

Five Tests Walmart Must Pass to Show Its 'Made in America' Street Cred

Scott Paul | Posted 10.13.2014 | Business
Scott Paul

Let's look at the company's big, shiny $250 billion commitment to American-made products. Sound like a big number? It is. But just like the endless aisles at your local Supercenter, everything is big with Walmart.

The Democrats' Agenda Should Be to Fix the Trade Deficit

Dave Johnson | Posted 08.26.2014 | Business
Dave Johnson

The trade deficit is a direct measure of jobs leaving the country. The trade deficit is American dollars going to other countries so people there can spend them. The trade deficit is our standard of living leaking away. And the trade deficit is a major factor driving what remains of the budget deficit.

Stop Exporting Jobs With the Stroke of a Pen!

John Komlos | Posted 08.23.2014 | Business
John Komlos

By establishing a market for import certificates, firms would have powerful incentives to bring the trade deficit into balance. All foreigners sending goods to this country would have to buy the certificates in appropriate amounts from our exporters. Overall, trade would become balanced quickly.

Why Do Coal-mining Jobs Matter So Much More Than Jobs Lost to Trade?

Dean Baker | Posted 08.09.2014 | Business
Dean Baker

When Obama announced plans to curtail the use of coal over the next 15 years, news outlets rushed to do pieces on the prospective loss of jobs in coal-mining areas. While it is good to see the media paying attention to this job loss and its implications for families and communities, this concern is a striking departure from normal practice.

Balancing Trade -- Remember the 'Buffett Plan'

Dave Johnson | Posted 07.01.2014 | Business
Dave Johnson

As Buffett warns, these huge trade deficits cannot be sustained. They are draining our economy. There has to be a reckoning. We have not faced that reckoning yet, but it is inescapable. It has to happen. We have to tackle this as a country, with a national plan.

A Good Trade Deal Is Well Worth the Wait

Scott Paul | Posted 06.24.2014 | Politics
Scott Paul

Obama might be a little disappointed to be leaving negotiations in Japan without a finalized Trans-Pacific Partnership agreement. But lost in this rush to secure a pact is what the TPP should actually accomplish: A more balanced U.S. trade account that ultimately benefits the American middle class.

President Obama, the Do-Gooder

Dean Baker | Posted 05.03.2014 | Business
Dean Baker

President Obama has said that he intends to use his presidential power to do what he can to improve the economy and lay the groundwork for future change. While there are limits as to what Obama can based on executive authority alone, there are many areas where he can have an impact. He already identified one area in his State of the Union Address, when he announced that new federal contracts would require that workers be paid a higher minimum wage. This sort of action can be carried much further. Of course, negotiations mean that we are prepared to give up something. That seems like a small price to pay for the millions of jobs that could be created.

We'll Need More Than a Couple of Innovation Hubs to Create One Million New Manufacturing Jobs

Scott Paul | Posted 04.27.2014 | Business
Scott Paul

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.

No Fast Track to TPP: Fix NAFTA First

Dave Johnson | Posted 04.16.2014 | Business
Dave Johnson

Trade done right can lift people on all sides of all borders. It can and does increase prosperity. But the way the giant corporations have captured and rigged the current negotiating process is hurting our country -- and the rest of the world.

2013 Trade Data Show Why Fast Tracking a TPP NAFTA Expansion Is a Very Bad Idea

Lori Wallach | Posted 04.13.2014 | Politics
Lori Wallach

The only good news in the just-released 2013 U.S. trade data is that it can only reinforce growing congressional and public opposition to more-of-the-same trade agreements.

Trade Yes, But a Different Track

Larry Cohen | Posted 04.06.2014 | Politics
Larry Cohen

Voters overwhelmingly expect the TPP to be a good deal for large corporations at the expense of small businesses:

Is Narenda Modi a Lot of Bull?

Peter Navarro | Posted 02.15.2014 | Business
Peter Navarro

Narendra Modi. Is he India's Ronald Reagan, who will light a fire under one of the most underperforming economies in the world? That's a critical question financial analysts and corporate executives around the world are now asking.

It's Time to End the Secrecy Surrounding TPP

James P. Hoffa | Posted 02.09.2014 | Politics
James P. Hoffa

There needs to be more certainty for policymakers and the public if they are going to go along with such a deal. Americans deserve a bigger say in their future.

Will Things Economic Soon Be Looking Up?! Sorry, I Don't See It...

Jared Bernstein | Posted 01.25.2014 | Business
Jared Bernstein

We know that the economy's been growing and that company profits have been high. There's nothing wrong with profits, but there's definitely something wrong when they fail to lead to employment and earnings gains for the broad majority.

On Manufacturing and Innovation

Ralph Gomory | Posted 09.08.2013 | Business
Ralph Gomory

We are allowing much of manufacturing, the great innovation engine that turns ideas into reality, to vanish quietly from our shores. Our global corporations may be benefitting from this; most Americans are not.

The NSA's Error-filled Transcripts of My Telephone Conversations

Jonathan Leigh Solomon | Posted 08.14.2013 | Comedy
Jonathan Leigh Solomon

If the NSA is monitoring my phone calls I worry that they might not be correctly hearing what I'm saying. And, if this is the case, I worry even more, about what the resulting impact on my beloved U.S. of A. might be.

It's Still the Economy, Stupid

Scott Paul | Posted 07.24.2013 | Business
Scott Paul

Sooner or later, these spectacles will lose their excitement and Capitol Hill will come back to this reality: The economy is still broken. So why not start fixing it now?

March Trade Deficit Better -- Why This Matters More Than Budget Deficit

Dave Johnson | Posted 07.02.2013 | Business
Dave Johnson

The balance of trade is important because trade is how our country makes a living as a country. This huge continuing deficit matters, because it is literally draining money and jobs (and factories and industries) from our economy.

End Budget Conflict Via Balanced Trade

Greg Autry | Posted 05.12.2013 | Business
Greg Autry

For more than a generation the U.S. has been testing a self-destructive theory whereby we export enormous amounts of American capital, priceless technology and millions of jobs to other nations naively expecting them to reciprocate.

DC Should Talk About Fixing the Trade Deficit

Dave Johnson | Posted 05.06.2013 | Business
Dave Johnson

Economics 101, Europe's austerity experiment and the experience of history all tell us that cutting government is contractionary policy. This is the time to invest, and the investment returns will pay for the investment and more.

Reverse the Policies that Are Destroying the Middle Class

Allan Brawley | Posted 04.28.2013 | Politics
Allan Brawley

In their latest book, The Betrayal of the American Dream, Donald L. Barlett and James B. Steele present a compelling case that America's middle class is in danger of extinction unless our government reverses course on major policies it has pursued over the last four decades.

Fix the Trade Deficit, Fix the Economy

Dave Johnson | Posted 04.10.2013 | Business
Dave Johnson

Yet another report is out showing how the trade deficit is costing us millions of jobs and hurting our economy. This is a real problem that is hurting people, hurting communities, hurting our tax base and hurting our ability to make a living in the future.

Time to Reset US Trade Policy for the 21st Century

Gilbert B. Kaplan | Posted 02.05.2013 | Business
Gilbert B. Kaplan

The United States' trade policy is left over from the 20th century. We are utilizing the same policy and fighting the same battles we did in 1985. But it's not 1985 anymore and the world has changed dramatically. We need a trade policy for the 21st century.

The Fiscal Cliff and the Trade Deficit

Ian Fletcher | Posted 01.21.2013 | Politics
Ian Fletcher

Right now, a lot of attention is being paid to the federal deficit. But it's high time attention got paid to our other deficit.

Pushed Over the Fiscal Cliff by Wal-Mart

Al Norman | Posted 01.19.2013 | Business
Al Norman

If America goes over the Fiscal Cliff, we will find Wal-Mart waiting or us at the bottom with a check-out register.