NAFTA of the Pacific?

trade justice

Trans-Pacific Free Trade Agreement – Out of the public eye, trade ministers and corporate lobbyists are pressing for a NAFTA-style deal that would encourage off-shoring of US jobs and drive down wages

The Saccharine Republican Ire

paper-scissors

Joseph Palermo: The “conservatives” and “Tea Partiers” are quite convincing at playing the aggrieved victims, but what, exactly, do they have to be “aggrieved” about?

Can Krugmanomics Be Saved?

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Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.

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American Competitiveness, and the President’s New Relationship with American Business

obama immelt

Robert Reich: President Obama must not be seduced into believing — and must not allow the public to be similarly seduced into thinking — that the well-being of American business is synonymous with the well-being of Americans.

The Emerging Anti-Trade Coalition, and Its Dangers

Reed Smoot (R-UT; chairman of Senate Finance Committee), Willis Hawley (R-OR; chairman of the House Ways and Means Committee) - sponsors of Tariff Act of 1930.

Robert Reich: Isolationism and nationalism are the handmaidens of an economically anxious and frustrated middle class. That was the lesson we learned 80 years ago, but forgot.

Why We Can’t Rely on Foreign Consumers to Rescue American Jobs

jobs

Robert Reich: Trade can’t possibly be a source of new American jobs. To the contrary, it reduces overall demand in the United States.

The Vanishing American Consumer and the Coming Trade War

g-20 summit

Robert Reich: We’re unlikely to see a repeat of the disastrous Smoot-Hawley tariffs that worsened and lengthened the Great Depression. But you can forget trade-opening agreements. In Toronto last week, the G-20 leaders dropped their 2009 pledge to finish the Doha round this year. In the U.S., agreements with South Korea, Panama, and Columbia are languishing.

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