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Current Trade Deficit:    
AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
Kevin L. Kearns, 8/1/2016

Clinton campaign manager John Podesta told reporters earlier this week that Hillary Clinton and running mate Tim Kaine are “against the TPP before the election and against the TPP after the election.” Podesta was trying to allay the concerns of Sanders supporters, along with many others in the Democratic base, that Clinton, would follow in the footsteps of her husband if elected this November, and press for passage of the Trans-Pacific Partnership (TPP) and other free trade deals.

 

Kevin L. Kearns
 
Kevin L. Kearns, 8/1/2016

Free trade not only cures cancer but also prevents aging! That should have been the lede of Douglas E. Schoen’s Fox News op-ed this week explaining his boundless, fact-challenged enthusiasm for free trade. If one believes Schoen, free trade and the global institutions supporting it are the wellspring of American exceptionalism and economic growth. Unfortunately, the opposite is generally the case. Free trade has hollowed out our economy and middle class, rather than supporting them.

 

Kevin L. Kearns
 
Kevin L. Kearns, 7/21/2016

Donald Trump has made international trade a signature issue, his triumvirate being immigration, trade, and national/personal security. Does the Republican Party platform’s section on trade reflect Trump’s views?

 

Kevin L. Kearns
 
More Opinion
Kevin L. Kearns, 5/26/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together – manufacturing.
Kevin L. Kearns, 5/25/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/24/2016
President Obama is overseas, making a big pitch for his “legacy trade deal,” the Trans-Pacific Partnership (TPP). His rhetoric in favor of the TPP recalls his similar pumping of the Korea-U.S. free trade agreement. In selling KORUS to the American people, Obama claimed it was going to better the U.S. economy by providing new opportunities and new jobs. Instead, it has produced four years of trade deficits and tens of thousands of lost jobs.
Kevin L. Kearns, 5/23/2016
The U.S. International Trade Commission (ITC) has just released its Congressionally-mandatedreport detailing the potential economic outcomes of the Trans-Pacific Partnership (TPP). And while the ITC puts the best possible face on putative gains, it’s clear from the study that the trade deal not only won’t provide any large benefits for the U.S. economy but will also harm our all-important manufacturing sector.
Kevin L. Kearns, 5/19/2016
The U.S. International Trade Commission has released a report on the potential economic impacts of the Trans-Pacific Partnership (TPP.) And while the topline findings of the report suggest some minimal benefits, a thorough reading of the document reveals the trade deal's job-killing implications.
Kevin L. Kearns, 5/17/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/16/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/12/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/11/2016
Voters are going to the polls this year with economic worries upper­most in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/10/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so.