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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
Kevin L. Kearns, 7/30/2015

Domestic Manufacturers Condemn Obama Administration’s Scheme to Avoid Including Currency Provisions in TPP Agreement by Setting Up Separate Consultative Mechanism

 

Kevin L. Kearns
 
7/21/2015

Greece has committed to more austerity and arduous reforms to keep the euro, but success requires equally significant but unlikely changes from Germany. Since 2010, Greek taxes are up and government spending is down a combined 20 percent. As freshman macroeconomics would predict, that pushed down GDP by more than 25 percent and raised Greece's sovereign debt to GDP ratio from 130 to nearly 180 percent.

 

 
Kevin L. Kearns, 7/14/2015

America needs a strong manufacturing sector to sustain robust economy growth, one that creates new businesses, jobs, and opportunities for all. Manufacturing is responsible for 70 percent of US R&D, and often spins off entire new industries. But since 2000, American manufacturing has lost thousands of factories and 5 million jobs. The top reason: poorly conceived “free trade” agreements that Washington has pushed, including NAFTA, CAFTA, Korea, and China’s joining the World Trade Organization.

 

Kevin L. Kearns
 
More Opinion
Kevin L. Kearns, 7/11/2015
America needs a strong manufacturing sector to sustain robust economy growth, one that creates new businesses, jobs, and opportunities for all. Manufacturing is responsible for 70 percent of U.S. research and development, and often spins off entire new industries. But since 2000, American manufacturing has lost thousands of factories and 5 million jobs. The top reason: poorly conceived “free trade” agreements that Washington has pushed, including the North American Free Trade Agreement, Central America Free Trade Agreement, Korea, and China’s joining the World Trade Organization.
Kevin L. Kearns, 7/8/2015
America needs a strong manufacturing sector to sustain robust economic growth that creates new businesses, jobs and opportunities for all. Manufacturing is responsible for 70 percent of U.S. R&D, and often spins off entire new industries. But since 2000, American manufacturing has lost thousands of factories and 5 million jobs. The top reason: poorly conceived “free trade” agreements that Washington has pushed, including NAFTA, CAFTA and Korea and China joining the World Trade Organization.
Kevin L. Kearns, 7/7/2015
America needs a strong manufacturing sector to sustain robust economy growth, one that creates new businesses, jobs, and opportunities for all. Manufacturing is responsible for 70 percent of U.S. research and development, and often spins off entire new industries. But since 2000, American manufacturing has lost thousands of factories and 5 million jobs. The top reason: poorly conceived “free trade” agreements that Washington has pushed, including NAFTA, CAFTA, Korea, and China’s joining the World Trade Organization.
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.
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.