The U.S. must address China’s deliberately undervalued currency. What few seem to understand is that we are already in a trade war with China. It’s not one that we launched, nor one that we wanted. But China’s undervaluation of its currency, which violates world trade rules, is part of a deliberate, well-coordinated strategy to undercut [...]
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Originally published at Capital Gains and Games This is not a defense of the Congressional budget process. How could it be? With annual budget resolutions and appropriations now among the hardest things on the planet to pass, with deficit reduction effort after deficit reduction effort failing each year like the Chicago Cubs, and with Congress [...]
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courtesy Jonathan Schwarz I've been getting a fair amount of static for my post the other day warning about tribal politics rearing its ugly head as the Occupy movement continues. It's not just the billionaires who will put their resources to bear to undermine the movement, but the rank and file, average Americans who will [...]
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. MORNING MESSAGE: Will The U.S. House Side With China On Currency? OurFuture.org’s Dave Johnson: “The Senate votes today on a bill to [...]
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If we want to bring jobs and wealth back to the United States for the 99% of us who have been under extreme pressure we’re going to have to do something about trade. The huge trade imbalances — especially with China — are sucking our jobs and factories and companies and industries and money out [...]
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