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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
Kevin L. Kearns, 8/15/2015

“If the U.S. doesn’t write the rules, China will write the rules,” is a slogan that President Obama has repeated endlessly to sell the Trans-Pacific Partnership (TPP). The president is in effect saying that the United States would force China into complying with a U.S.-preferred set of rules simply by setting them down in the TPP.

 

Kevin L. Kearns
 
Kevin L. Kearns, 8/12/2015

It’s disconcerting to Congress when our foreign trading partners put the lie to President Obama’s victory claims. No, not the mullahs chanting “Death to America” right after the Iran agreement was concluded. This week it was China’s turn to undercut the president.

 

Kevin L. Kearns
 
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
 
More Opinion
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, 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, 7/9/2015
America needs a strong manufacturing sector that creates new businesses, jobs and opportunities for all in order to sustain robust economic growth ("Senate vote moves Obama's trade agenda to brink of enactment," June 24).
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.