Tag Archives: Trade deficits
The International Trade Commission and the Failure of U.S. Trade Policy
The WTO is a supranational agency established in 1995 to prevent nations from adopting trade policies that give their domestic industries an advantage over foreign rivals. It can declare national legislation “illegal,” if it harms foreign interests. Archives around the world are filled with treaties and other documents that no longer hold sway because they no longer describe reality or fit the needs of major powers. The WTO needs to go into that pile. Then American statesmen can go back to the “protectionist” policies of national development that from its founding built the U.S. into the powerhouse of the 20th century, so it can remain on top during the 21st. Continue reading
House Republican Leaders Favor Granting President Obama More Power Over Economy
Who can forget Democratic House Speaker Nancy Pelosi’s infamous statement: “But we have to pass the [health care] bill so that you can find out what’s in it,” during the debate over enacting Obamacare in 2010? Apparently, the House Republican leadership has forgotten. On January 9, House Speaker John Boehner, Majority Leader Eric Cantor, Majority Whip Kevin McCarthy and Republican Conference Chair Cathy McMorris Rodgers issued a statement in support of granting President Barack Obama
