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Current Trade Deficit: Opinion
Editorial updates from the research staff at USBIC:

The Fed would do well to consider the strength of the dollar, low inflation and slowing growth before strangling the relatively weak recovery with interest rate hikes.



Accelerating inflation could deliver another body blow to the struggling middle class and working poor.



Democracy, or the lack of it -- in a capitol controlled by capital, is what is failing the middle class. The White House and Congress respond to Big Money's requests in exchange for campaign contributions to try to win elections. It's a fools errand to try to solve the problem by simply taxing the rich.


More Opinion
Alan Tonelson, 5/27/2014
From a small manufacturing firm right in the middle of numerous major industry supply chains comes a warning to take all manufacturing renaissance claims with a boulder of salt.
Commentary by Peter Morici, Ph.D. To head off a tough bout with stagflation-slow growth and high inflation-the Federal Reserve should start raising interest rates soon. Most economists expected 2014 to be a breakout year. A surge in new home construction was anticipated to instigate growth and jobs creation throughout the economy, even as inflation remained reasonably tame. So far the reverse appears to be happening. Over the last year, consumer prices are up 2.0 percent-nicely within the Fed's target range-but in recent months, food and energy prices have increased strongly.
Alan Tonelson, 5/15/2014
More than six years after the last, devastating recession began, manufacturing output still hasn't returned to pre-downturn levels. And nowhere is the role of inept trade policy clearer than in a steel industry once more victimized by massive foreign dumping.
Alan Tonelson, 5/6/2014
Everywhere Washington's hand is visible in U.S. trade policy, the trends are moving in the wrong direction and damaging the U.S. economy. American leaders' top priority should be staunching the bleeding, not enabling more of the same via fast track authority for the President.
Alan Tonelson, 4/11/2014
As recent developments make painfully clear, President Obama's Asia-Pacific strategy is needlessly exposing the United States to security dangers and just as needlessly creating new obstacles to genuine American prosperity
Alan Tonelson, 4/3/2014
Although Arctic-like temperatures and snowy conditions might have slowed the U.S. economy in recent months, America's appetite for foreign goods and services heated up and boosted the trade deficit in February.
Alan Tonelson, 3/27/2014
The next time President Obama or another cheerleader claims that new trade agreements will strengthen the stagnant U.S. economy, look closely at the latest figures for economic growth. They blow that case out of the water.
As President Obama prepares for his long-delayed April trip to Asia, corporate lobbyists and other supporters of the massive 12 nation Trans-Pacific Partnership (TPP) trade deal have released deceiving polling results to imply that a large majority of Americans support new fast-track authority for President Obama. The corporate special interests are relying on fast-track authority so that the TPP can sail through Congress with no real debate. If approved, fast track would allow the President finalize the TPP and then send it to Congress for time-limited consideration, no amendments, and a simple up-or-down vote.
Alan Tonelson, 2/18/2014
If the Obama administration keeps glossing over the discouraging crucial details about America's trade performance last year, can it be trusted to negotiate new trade agreements that serve U.S. national interests?
Alan Tonelson, 1/9/2014
President Obama's latest effort to win support for new trade negotiating authority and agreements shows instead how thoroughly U.S. trade policy has turned into offshoring policy.