27 Oct 2013

FDL Book Salon Welcomes Scott Paul, Harold Meyerson, Carl Pope, ReMaking America

A country “makes a living” in the larger world economy by making (or growing) things and selling them to other countries. Other countries see making things to sell in the world to be a national priority and so they set up policies to help their companies and industries be more competitive. We don’t. We used to, but now we just don’t. Instead, our currently-dominant “you are on your own” ideology forces our companies and industries to compete on their own against the resources of entire countries. That is one of the main reasons our economy is having such a hard time. A good measure of just how badly we are losing in this world trade competition is our enormous, humongous trade deficit. Every dollar of that trade deficit is a dollar drained from our economy, and from job-creation and from wages.

Right now it is difficult but not impossible to make things in America.

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27 Oct 2013

FDL Book Salon Welcomes Scott Paul, Harold Meyerson, Carl Pope, ReMaking America

Many people think that discussions of manufacturing and trade are boring, dry and old-fashioned. But these are two of the things that drive an economy, and right not the stakes couldn’t be higher. So keep reading.

A country “makes a living” in the larger world economy by making (or growing) things and selling them to other countries. Other countries see making things to sell in the world to be a national priority and so they set up policies to help their companies and industries to be more competitive. We don’t. We used to, but now we just don’t. Instead our currently-dominant “you are on your own” ideology forces our companies and industries to compete on their own against the resources of entire countries. That is one of the main reasons our economy is having such a hard time. A good measurement of just how badly we are losing in this world trade competition is our enormous, humongous trade deficit.

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09 Jun 2013

FDL Book Salon Welcomes Lori Wallach, The Rise and Fall of Fast Track Trade Authority

You think trade is complicated, technical, boring, so you turne out and don’t pay attention to the issue… And then BANG you’re told they are moving the facility where you work out of the country and you are going to be laid off, but if you want your severance and

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09 Jun 2013

FDL Book Salon Welcomes Lori Wallach, The Rise and Fall of Fast Track Trade Authority

You think trade is complicated, technical, boring, so you tune out and don’t pay attention to the issue… And then BANG you’re told they are moving the facility where you work out of the country and you are going to be laid off, but if you want your severance and the chance to collect unemployment you have to train your replacement. Not long after that, in other factories and offices everyone is told to accept wage and benefit cuts or they’ll move that facility out of the country, too.

Six months later you look around and your downtown locally-owned storefronts are getting boarded up one at a time because the private-equity-owned chains that circle the town carry all that cheap stuff from China and they buy at such a large scale that no small business can compete.

After a year you finally land a job! The job is you have to dress up like a duck and stand on a corner waving a sign.
These are the things that all of this arguing about trade is about. Welcome to the new America.

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06 Jul 2010

Corporations Sitting On $1.84 Trillion Cash

Clearly the Republican argument that tax cuts will stimulate growth is nonsense. These companies are sitting on cash, and tax cuts will only cause the profitable companies (taxes are on profits) to sit on more cash.

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06 Jul 2010

Social Security Privatization Is Back

Social Security privatization is back. After being thoroughly defeated when President Bush proposed it, it is being revived by Republicans, who are said to be poised to take over at least one house of the Congress in November. According to TPM, House Minority Leader John Boehner won’t say if the

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05 Jul 2010

Is Fox News Setting Up the Next ACORN?

The Department of Justice isn’t prosecuting for “voter intimidation” two “Black Panthers” for standing outside a polling place during the 2008 election, and this is evidence that the Obama administration won’t protect white people from the terrible things that black people do. The election is a few months away, and this story drives a narrative of “voter fraud” by minorities, and that the Obama administration helps “them” and is against “real Americans” and their values.

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05 Jul 2010

Corporations Sitting On $1.84 Trillion Cash

From last month: U.S. Firms Build Up Record Cash Piles, U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the sustainability of the economic recovery. The Federal Reserve reported Thursday that nonfinancial companies had socked away

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05 Jul 2010

Republican Economists Stumble Over Truth Then Leave it Behind

Quoting Republican economists reads like an Onion satire of Republican economists.

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05 Jul 2010

Is Fox News Setting Up the Next ACORN?

Over at News Hounds, Fox News Setting Up Obama And Holder As The New ACORN Summary: The Department of Justice isn’t prosecuting for “voter intimidation” two “Black Panthers” for standing outside a polling place during the 2008 election, and this is evidence that the Obama administration won’t protect white people

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