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Baucus/Camp Press Release on Fast Track bill filing

Here is the press statement released by Baucus and Camp. Notice the Orwellian news speak.  Everything has a happy name.  These agreements that offshore our democracy and cause massive, economy shrinking trade deficits are called “job creating trade agreements”.   Ha, ha, ha.  I’d laugh if it wasn’t so sad….

Posted in Trade AgreementsComments Off

Obama Administration Still Refuses Congress’ Wishes on Currency

Over 290 members of Congress have told the White House to fix the foreign currency manipulation problem in the Trans Pacific Partnership (TPP) global governance agreement.  The White House has failed and refused to do it. As Paul Volcker said: “In five minutes, exchange rates can wipe out what it…

Posted in Currency15 Comments

Fast Track to be introduced tomorrow?

We are hearing that the Fast Track trade authority bill may be introduced tomorrow (Wed, January 8).  Senators Baucus and Hatch and Rep. Dave Camp reportedly came to an agreement on this bill in December but held off on releasing the bill until now.  If you haven’t let your Senator…

Posted in Trade AgreementsComments Off

Weird assertion that trade deficits don’t matter

Some guy from the “we don’t have to make things anymore” school of thought just posted a LinkedIn article “Don’t Worry about the Trade Deficit.”  The guy is Ron B. from the VeraSage institute, which provides speakers for something or other. He thinks buying more than you sell as a…

Posted in Trade4 Comments

Abolish Corporate Income Tax?

There continue to be calls to abolish or reduce the corporate income tax.  The argument goes beyond a simple high vs. low tax or progressive vs. regressive debate.  It should open the door for a more comprehensive view of tax reform, where we could spread out the tax burden by…

Posted in TaxComments Off

Paul Ryan wants Ways & Means gavel

Dave Camp is term limited out as Ways & Means Chairman after this year.  Kevin Brady is the next in line, but Paul Ryan – who now heads the budget committee – wants the job.  The WSJ asserts: “Mr. Ryan’s fundraising prowess and stature in the party would make him an overwhelming…

Posted in PoliticsComments Off

Someone tell SecDef Hagel

Would someone tell Secretary of Defense Hagel that the military rival he is jousting with was funded by us? The Chinese Navy has been “irresponsible,” and its actions risk escalating tensions with the United States, Defense Secretary Chuck Hagel said Thursday in the highest-level rebuke of Beijing since a Chinese warship…

Posted in China, National SecurityComments Off

Wyden may take over Finance Chairmanship

Wyden is third in line.  But Rockefeller (D-VA), who is 2nd in line, won’t run for Senate again. From Politico… Ron Wyden comes into focus as potential Finance chairman By BRIAN FALER and RACHAEL BADE | 12/19/13 11:18 AM EST If tax reform wasn’t dead before, it’s really dead now….

Posted in Politics, Tax, Trade1 Comment

Baucus to be Nominated New Chinese Ambassador

I wonder how Fast Track legislation will progress now.  Senator Max Baucus (D-MT), as chair of Senate Finance Committee, agreed with Rep. Dave Camp (R-MI), as chair of Ways and Means, to a Fast Track congressional power capitulation bill.  Reportedly.  Last week.  But they’re not telling us what’s in it.  And…

Posted in China, Politics, TradeComments Off

Obama to Start 2014 with Fast Track to Kill Jobs, Sovereignty and Growth

Does Obama really want to start his fifth year with Fast Track trade authority?  Is his administration so “math challenged” that they can’t see trade deficits resulting from these deals? Remember the saying: “Never get high on your own supply.”  Like the Korea FTA, we’re going to give up high…

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