September 28, 2016

Free Trade vs. Balanced Trade

During the 2016 presidential campaign, trade has become a major economic and voting issue. For decades both political parties, in general, and Hillary Clinton in particular, have supported expansion of free trade through trade agreements that re...

August 9, 2016

Why Multinational Corporations Favor Hillary

On August 24, Apple CEO Tim Cook will host a fundraiser for Democratic Party presidential candidate Hillary Clinton. The minimum donation required to attend will be $2,700, with $50,000 a suggested donation. Apple is incorporated in the U.S., but its...

November 27, 2010

Program for Economic Recovery and 2012 Victory

Now is the time for all good Republicans, including Tea Partiers, to come to the aid of their party and their country! With 9.6 percent unemployment -- really more than twice that if you count those who dropped out of the labor force and those unwill...

September 6, 2010

Obama Did Create 3 Million Jobs -- in China

President Obama should be saying, "My economic stimulus plan has preserved or created three million jobs -- in China." He keeps leaving out the words "in China." His plan is stimulating American demand for imports, not demand for ...

August 16, 2010

Obama Fiddles While Economy Falters

The Economic Times of India called the latest U.S. trade data, released August 11, a "grim set of trade figures." In June, the U.S. trade deficit rose by $7.9 billion, or 19 percent, to $49.9 billion. Meanwhile, growth of the U.S. economy w...

March 18, 2010

Obama's Trade Policy Agenda

On March 1, 2010, Ambassador Ron Kirk, United States Trade Representative, disclosed "The President's 2010 Trade Policy Agenda." Although the agenda claims that the Obama administration has brought substantial change to U.S. trade policy, t...

May 12, 2009

The Outsource Corporate Headquarters Act of 2009

A staple of President Obama's stump speech during the 2008 Presidential campaign was a promise to end tax breaks for corporations that ship jobs overseas. On May 4, the Obama administration rolled out its proposal to do just that. While Obama is corr...

May 6, 2009

US Foreign Debt jumps to 35% of GDP

On April 21, the International Monetary Fund (IMF) projected (see the World Economic Outlook, pp. 36-37) that the US foreign debt will increase from about 4.5% of world GDP in 2007 to about 9% in 2009. Given that the US foreign debt was 17.7% of US G...

April 30, 2009

IMF predicts US economy worse than world economy in 2010

The International Monetary Fund (IMF) has been in the news a lot lately. At the G-20 Summit on April 1, the leaders of the world's largest countries agreed to loan it hundreds of billions of dollars to be loaned to needy countries. Then, on April 21,...

December 4, 2008

Keynesian borrowing won't solve our economic problems

Washington's response to the recession has been ever-expanding borrowing for stimulus packages and bailouts: (1) $150 billion in February; (2) $850 billion in October, and, coming soon; (3) Obama's $800 billion stimulus package. These packages a...