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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
6/26/2015

Greece and its principal creditors-the European Union, European Central Bank and International Monetary Fund-should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.

 

 
6/25/2015

The Supreme Court ruling on King v. Burwell will soon decide whether the Affordable Care Act permits the federal government to subsidize health insurance premiums. Those should be struck down for both legal and economic reasons-and in simple fairness to most Americans who have found it makes no economic sense to buy health insurance through federal and state exchanges.

 

 
Kevin L. Kearns, 6/24/2015

According to U.S. Trade Representative Michael Froman, the Trans-Pacific Partnership (TPP) has a big benefit: With a signed TPP, American-made goods will finally enjoy tariff-free access to consumers in countries like Vietnam, Malaysia, and Singapore. However, some tariffs will not be dropped immediately, but instead will be phased out over a number of years.

 

Kevin L. Kearns
 
More Opinion
6/24/2015
Several key trade points on phony TPA/TPP claims to remember as the Senate considers TPA: 1 — 95 percent of the world’s consumers do not live outside the United States. 80 percent of the world’s population lives on $10 a day or less. These people are not consumers in any sense that the American people would understand. They have no disposable income and cannot afford to buy American-made products. The consumers American businesses should want to reach are here in the United States.
Kevin L. Kearns, 6/21/2015
President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, repeatedly touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.
6/18/2015
The domestic manufacturers of the US Business and Industry Council today urge Members of Congress to reject the Obama-Boehner-McConnell plan to ram through the Congress fast track Trade Promotion Authority. Using a trick maneuver that attaches the TPA bill to an unrelated pension bill, the Obama-Boehner-McConnell scheme attempts to resurrect the failed TAA/TPA bill of last week through a parliamentary maneuver, which greases the skids in part by avoiding at least one Senate cloture vote.
Kevin L. Kearns, 6/10/2015
Florida's economy is supported by a surprisingly diverse manufacturing sector that includes aerospace products, medical equipment, electronics, and semiconductors. Unfortunately, the Sunshine State has taken a hit in recent years, with the loss of 145,000 good-paying manufacturing jobs since 2000. The toll has been particularly evident in the Orlando-Kissimmee-Sanford area, which has lost roughly 13,000 skilled factory jobs in that time.
Kevin L. Kearns, 6/10/2015
President Obama repeats a mantra on the Trans-Pacific Partnership (TPP) trade agreement: "If we don't write the rules, China will write the rules in that region...." But two recent revelations of major Chinese misbehavior -- another massive cyber hack, this time of the Office of Personnel Management database, and the build-out of South China Sea coral reefs complete with airstrips and artillery vehicles -- put the lie to Mr. Obama's claim that "if we write the rules," China (a) will have to conform to our business norms, and (b) will be constrained in its activities in the East and South China Seas.
Kevin L. Kearns, 6/9/2015
President Obama repeats a mantra on the Trans-Pacific Partnership (TPP) trade agreement: “If we don’t write the rules, China will write the rules in that region…” But two recent revelations of major Chinese misbehavior — another massive computer hack, this time of the Office of Personnel Management database, and the build-out of South China Sea coral reefs complete with airstrips and artillery vehicles — put the lie to Mr. Obama’s claim that “if we write the rules,” China (a) will have to conform to our business norms, and (b) will be constrained in its activities in the East and South China Seas.
Kevin L. Kearns, 6/8/2015
President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, repeatedly touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.
Kevin L. Kearns, 6/6/2015
President Barack Obama has spent the past six years negotiating a Trans-Pacific Partnership trade deal behind closed doors. The agreement, repeatedly touted as a boost for America's manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore and Malaysia.
5/21/2015
Washington — The US Business and Industry Council today strongly encouraged Senators to vote to include the Portman-Stabenow currency amendment in fast track Trade Promotion Authority legislation. The amendment will place enforceable disciplines against the manipulation of currency for competitive advantage among the negotiating instructions Congress gives the Executive as the latter tries to conclude the 12 nation trade deal known as the Trans-Pacific Partnership.
Kevin L. Kearns, 5/20/2015
For more than a decade, Michigan manufacturers have seen their export competitiveness undercut by countries that engage in “currency manipulation.” Recently, Sen. Dennie Stabenow took a stand against countries that illegally undervalue their currency when she offered an amendment to President Obama’s request for “fast track” trade authority. Stabenow wanted to make Congressional approval of any new U.S. trade deals contingent on strong action against overseas currency manipulators.