Robert Reich: Trade can’t possibly be a source of new American jobs. To the contrary, it reduces overall demand in the United States.
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.
Avoiding the Greater Depression New York, City of the Poor. This city that never sleeps, and others, will experience economic and social death without a vibrant middle class and viable opportunities to earn a living. –David A. Love The Magical Mystery Majority Budget. The bills passed, the Republicans threatened to sue, the Governor announced he [...]
Averting the Greater Depression The Rich Countries’ Faltering “United Front.” During the 1930s, Europe and the U.S. were also unable to agree on a common strategy, which led to a worldwide trade war and the plunge into depression. –Carl Bloice Economic Recovery Will Be More than Trusting President Obama’s Stimulus Plan. But then, this economic [...]