Author Archives | stumo

Wikileaks Releases more TPP Documents – Environment

Wikileaks just released the text of the entire environmental chapter of the TPP and a Working Group report on the topic.  The documents show the parties are far from agreement on environmental standards and whether will be enforceable. Here is the Wikileaks press release: Press release: Secret Trans-Pacific Partnership Agreement…

Posted in Trade AgreementsComments Off

News Release: CPA and Liberty Groups Petition Congress Against Fast Track

News Release: January 14, 2014 Contact:  Sara Haimowitz, 202.688.5145, The Coalition for a Prosperous America and Liberty Groups Petition Congress Against Fast Track The Coalition for a Prosperous America (CPA) and fifty seven liberty organizations have notified Congress that they oppose Fast Track trade authority.  Representatives from the organizations…

Posted in CPA, Trade Agreements1 Comment

Morici: Economy Adds only 74,000 Jobs

Economy Adds Only 74,000 Jobs in December Peter Morici Twitter @pmorici1 The economy created only 74,000 jobs in December well below the 2013 average of 188,000.  The Labor Department report indicates stronger growth for the coming year predicted by many economists may not materialize. In 2012 but growth slipped to 1.9…

Posted in Economy, From the Right1 Comment

Rep. Sander Levin “Rebuttal” on Fast Track bill filing

Rep. Sander Levin of Michigan is the ranking minority member on Ways and Means.  He pushed through the currency cheating bill a few years ago and has a good head on trade policy and the national interest.  Levin was not included with Senators Baucus and Hatch and Representative Camp who…

Posted in Trade AgreementsComments Off

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

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