Blogs

A Tale of Two Charts

In his last year of office, President Bill Clinton called on Congress to make normal trade relations with China permanent. So legislation was introduced to the House on May 15, 2000 by Rep. William Reynolds Archer (R-Texas) with three co-sponsors — saying that permanent normal trade relations (PNTR) with China was a top priority, and was vital to the U.S. agriculture market (to gain access to a market with one-fifth of the world’s population).

The GOP and Small Businesses

Kansas Governor Sam Brownback had championed the largest tax cuts in the state's history, eliminating taxes on non-wage earnings for nearly 200,000 small businesses. Just like all Republicans these days, Brownback had made cutting taxes and shrinking government the centerpieces of his government. Now the great State of Kansas has a huge projected budget shortfall.

Why do Republicans Hate Social Security?

Here's Charles Krauthammer (the Fox News pundit) writing for the Washington Post -- "Some in Congress are talking about a 10- or 20-cent hike in the federal tax [on a gallon of gasoline] to use for infrastructure spending. Right idea, wrong policy. The hike should not be 10 cents but $1. And the proceeds should not be spent by, or even entrusted to, the government.

Welcome to 2015

Happy New Year From The Economic Populist!  Another day, another year.  We hope 2015 is finally the time of the middle class.  Will finally wages increase, will jobs and careers recover?  So far that has not been the case, although 2014 is when hope for U.S. workers glimmered on the horizon.  We've survived the three biggest days to die in the United States, Christmas, Boxing day and New Years.  Now an onslaught of Republicans will take over Congress, so we can be assured any legislation to help the U.S. middle class will not be enacted.

China Trade Deficit Has Cost the United States 3.2 Million Jobs

If anyone believes offshore outsourcing jobs is passé and not impacting U.S. labor markets think again.  The Economic Policy Institute has published a new study showing America has lost millions of jobs to China's cheap labor market.  From 2001 to 2013, the massive trade deficit with China has cost the United States 3.2 million jobs.

Pages