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Current Trade Deficit:   AmericanEconomicAlert.org - Presented by The Robert A. Stranahan Lectures
Is Momentum Building For Adopting A New Manufacturing Policy Agenda, Or Is The Interest Due Only To The Upcoming Election?
Friday, March 30, 2012
Among those who support a more aggressive manufacturing agenda were Obama's top economist Gene Sperling, Romney economic advisor and former head of the International Trade Administration Grant Aldonas, and Sens. Jeff Merkley (D-Ore.), Rob Portman (R-Ohio), and Jeff Sessions (R-Ala.), who surprisingly stated that he has been persuaded away from his embrace of free trade by reading the works of Alan Tonelson of the United States Business and Industry Council and Clyde Prestowitz of the Economic Strategy Institute. "I'm a strong believer in trade, but if free trade means they can cheat us but we can't retaliate, then count me out," Sessions said. The fact that China manipulates its currency, making it impossible for domestic manufacturers to compete, "is just stunning," Sessions added. "This is absolutely unacceptable."


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