State of the Union – A recipe for disaster In tonight’s State of the Union address, our Offshorer-in-Chief, announced a plan custom made to destroy jobs. By combining an ill advised increase in the minimum wage with an utterly blind commitment to two additional “free trade” pacts President…

Reposted from The Economic Policy Institute site ********* U.S. trade deficit declined in 2012, but goods trade deficits with China, and in non-petroleum products, rose sharply Robert E. Scott | February 11, 2013 | EPI The U.S. Census Bureau reported on Friday that the U.S. trade deficit in goods and services…

Reposted from Working Economics, the Economic Policy Institute Blog ******** The president can end currency manipulation with the stroke of a pen, halving the U.S. trade deficit and creating millions of jobs Robert E. Scott | February 14, 2013 | Working Economics   Five years after the start of the…

President Obama’s misguided State of the Union comments on trade last night are followed by the announcement of soon-to-be-former U.S. Trade Representative Ron Kirk to start negotiating a trade deal with Europe.  I received this in my email inbox this morning from the Office of the USTR, attributed to Kirk….

President Obama’s views on trade will prevent economic recovery during his second term.  He could have used the State of the Union Address to establish a national strategy to eliminate the U.S. trade deficit to create jobs and economic growth while increasing production of food and goods in the U.S….

Reposted from Manufacturing & Technology News ********* For A Pro-Domestic Manufacturing Policy Agenda In Congress, This Might Be The Year Richard A. McCormack | February 6, 2013 | M&T News The U.S. Senate might be more open this year to legislation aimed at improving U.S. manufacturing and reducing the U.S….

Reposted from the Alliance for American Manufacturing blog ***** 2012 Trade Deficit with China Tops $300 billion; Shatters Record. Alliance for American Manufacturing  |  February 8, 2013 The annual U.S. trade figures for 2012 were released this morning by the Department of Commerce: The annual U.S. international trade deficit in…

Reposted from Public Citizen’s Eyes on Trade ******** Reporters Memo on 2012 Annual Trade Deficit Data:   Census Bureau 2012 Trade Data Include Foreign-Made “Re-exports” but Even with Inflated Data, Obama Goal of Doubling Exports in Five Years Lags Date: February 7, 2013                                                     Contact: Steve Knievel, 202-454-5122   Today the…

Reposted from Product Design & Development ******* Delphi Automotive says a plant in Flint with about 327 employees that makes instrument systems for General Motors Co. trucks and vans will close. The United Auto Workers union says production is moving to Mexico. Delphi Vice President Lindsey Williams tells Mlive.com that the…

India is restricting exports of iron ore. If you want to be an export powerhouse, why would you have export restrictions on raw materials?  Are they anti-iron ore, somehow? Well, no: Iron ore exports from India are likely to decline 72 per cent this year, thanks to a number of…