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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
8/30/2010
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Neither political party currently has the solutions necessary to put Americans back to work. Each rides its ideological hobby horse, neither of which is a good bet to finish in the money. How could they? They are static, artificial constructs with only minimal connections to the real world.
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8/17/2010
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A nation that can't grow enough can't take of its elderly, educate its young, or provide a decent living for its citizens -- except Wall Street financiers, Hollywood stars and Washington's policy elite.
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More Opinion
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8/10/2010
Our massive trade deficit with China is cutting our GDP growth rate substantially and keeping joblessness high. The Obama administration and Congress have no plan to deal effectively with the situation. Obama's push to double exports in five years is a tired plan -- one which has been tried repeatedly over the last four decades. Likewise the plan to sign more free trade agreements. More of the same plans will produce more of the same results.
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Alan Tonelson, 7/30/2010
The current Making-it-in-America initiative of the House Democratic Leadership appears designed to appease angry constituents rather than to take serious steps to curb unfair trading practices by China and other mercantilist states.
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7/12/2010
In 2010, the trade deficit with China reduces U.S. GDP by more than $400 billion or nearly three percent. Unemployment would be falling and the U.S. economy recovering more rapidly, but for the trade imbalance with China and Beijing's protectionist policies.
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7/2/2010
For a decade, China has been running history's largest trade surpluses with the United States and has amassed a hoard of $2.3 trillion in foreign currency. She now holds the mortgage on America.
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7/1/2010
Much of what needs to be done to put the US economy on sound long-term footing runs counter to President Obama's progressive principals; but hard realities, not utopian dreams, must dictate the decisions of a leader -- or his nation fails.
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6/24/2010
Four successive Treasury Secretaries have gone to Beijing only to lose face at the hands of their Chinese hosts -- as the yuan appreciation needed to eliminate its 40 percent undervalutaion did not occur. China's latest currency announcement, undercut the day after it was announced, had the American president and his Treasury Secretary gushing like school girls. Where is the adult leadership in this country? Where is there a willingness to protect and preserve the American middle class? Not in the Obama White House and Cabinet.
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6/15/2010
The Euro was poorly conceived, and its implementation was poorly executed. It was the product of hubris, not rational economioc thinking. It cannot survive in its current form, and there is no reason it should -- at least without full political integration. It disadvantages the poorer countries of Europe, and leaves them at the mercy of the the rich countries.
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6/15/2010
President Obama can actually increase the economic and social damage being caused by the DeepWater Horizon Explosion by making ill-advised statements and choosing inappropriate public policy responses.
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6/9/2010
The latest jobs report tells the story. The government stimulus package was misdirected and did not produce the desired effect. We are headed for Phase II of the recession -- one that will be harder to fight as money and policy tools have been wasted.
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Kevin L. Kearns and Alan Tonelson, 5/22/2010
USBIC’s Kearns: “It’s time for the President to start listening to the Main Street voters, including business owners and workers, who elected him, and to fight rather than appease the foreign governments that have stolen their companies, jobs, and incomes.”
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