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Written by Stumo
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Tuesday, 16 October 2007 |
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Hillary Clinton's website
ignores trade. I'm not going to be simplistic and merely tie her
to her husband's bad trade deals, because she does have a record
now. That record reveals
she voted against CAFTA and has a 17% Cato Institute voting record on
trade, which indicates "fair trade." (Because CATO wants all trade
deals passed, no matter what words are within the agreement).
But
her public statements on the matter have not inspired confidence.
The cautious candidate does not seem to want to rock the boat.
Modest incrementalism at best?
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In the news
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The following was written by Charles W. McMillion, Ph.D., President and Chief Economist for MBG Information Services in Washington, DC.
November's plunging gas prices raised real wages while housing troubles worsened sharply
Three reports today illustrate the strong economic crosscurrents at work in the declining US economy.
The BLS reports that a record plunge in November gasoline prices (unleaded regular plummeted -30.1% in one month!) drove overall consumer prices down -1.7%. In a separate report BLS estimates that this plunge in prices allowed the overall purchasing power of average weekly wages to soar by 2.3% in November to levels that are now 2.2% higher yr/yr. http://www.bls.gov/news.release/cpi.nr0.htm http://www.bls.gov/news.release/realer.nr0.htm
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