intellectual property

Prevailing Truths

According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high.  So what is driving the real GDP growth?  In my opinion, the rise in real GDP is an illusion produced by the under-measurement of inflation.

Just another Day of More Bad Trade Deals and Elected Officials Who Don't Care

Americans Don't Want It.  Analysis Shows It Hurts People.  Yet Congress and This President Could Care Less.  What's fascinating is how we've seen this dance before and no matter how many put up a fight, more disastrous trade treaties get passed and enacted into law anyway.

Wikileaks Exposes Trans-Pacific Partnership as Bad Trade Deal Again

Enslaved through trade,  That seems to be the agenda with trade agreements these days.  Over and over again national law, the common good is overwritten through bad trade deals.  Wikileaks has exposed yet another horror from the Trans-Pacific Partnership (TPP) trade agreement being negotiated.  It seems freedom loving, Democratic United States is leading the charge to ensure life saving drugs are not affordable for most people.

China's Indigenous Innovation Policy Bigger Threat to the U.S.. Economy Than Offshore Outsourcing

china espioinageDid you know Silicon Valley's best export is American jobs? That China has a new policy which is a bigger threat to the U.S. economy and jobs than direct offshore outsourcing has been?

The U.S.-China Economic and Security Review Commission held a hearing, China’s Five Year Plan, Indigenous Innovation, and Outsourcing and contained within are more damning facts about China running amok in terms of capturing U.S. industry for themselves.

China lays out economic strategies by five year detailed plans. The latest calls for Chinese investments, that's government investment, of up to $1.5 trillion to develop alternative energy, biotechnology, information technology, advanced equipment manufacturing, alternative fuel autos and other energy saving, environmental technologies.

China's indigenous innovation policy means corporations are forced to technology transfer to China their intellectual know-how, advanced technologies in order to even do business in China and certain to obtain Chinese government contracts.

Death to SOPA

stop sopaThe White House just responded on the controversial Internet censorship bill SOPA and frankly, it doesn't look good for opponents.

The Administration calls on all sides to work together to pass sound legislation this year that provides prosecutors and rights holders new legal tools to combat online piracy originating beyond U.S. borders while staying true to the principles outlined above in this response.

Others are interpreting the White House blog post differently of course and let's hope they are right. In our experience, the minute this administration mentions keyword bi-partisan, we know we're about to be screwed frankly. Just look at the National Defense Authorization Act. That said, the fight against SOPA is heating up.

China's Tails I Win Heads You Lose Economic Strategy Plays

The U.S.-China Economic and Security Review Commission has issued their new, comprehensive annual report on China for 2011. The 414 page report (large pdf), is a comprehensive, with details on trade, economics, currency manipulation, development strategy, military actions and human rights abuses.

Obama Touts Corporate Lobbyist Wish List Items as "Jobs" Program

corporate states of AmericaWho all is sick to death of politicians claiming some policy will create jobs when in fact it will destroy them? Such is the outrage from Obama's reaction to the pathetic jobs report.

Obama touted the South Korean Free Trade Agreement as an answer to the jobs crisis. KORUS is projected to lose 159,000 U.S. jobs over 7 years. For Columbia, a loss of 55,000 jobs is projected.

What was the definition of insanity? Doing the same thing over and over expecting different results? The South Korean Trade Agreement is based on the same failed model as NAFTA. The South Korean Trade Agreement is projected to increase the trade deficit in auto and parts alone by $700 million. Why would one bail out the auto industry only to enable unfair imports of Korean autos?

Panama is a tax haven with over 400,000 corporations located there to avoid paying taxes. If that trade deal goes through what meager U.S. tax haven laws we have now will be challenged. How's that for balancing the budget deficit?

Even Ben Bernanke has shown how currency manipulation is going on unabated and as a result these emerging economies, such as South Korea, are unfairly increasing their exports.

China's Five Year Plan

12_5_year.jpgDid you know China has a five year plan? They do and it's a doozy according to a U.S. – China Economic and Security Review Commission. Yup, China has a strategy in play and it's on Indigenous Innovation and Technology Transfers, and Outsourcing. From the opening statement:

Since 1953, the Communist Party of China has used a series of five-year plans to guide China’s economic and social development. In its newly-adopted 12th Five-Year Plan China makes clear that it hopes to move up the manufacturing value chain by making explicit mention of Strategic Emerging Industries, which the Chinese government would like to see dominated by Chinese firms. These industries are: New-generation information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars, energy conservation and environmental protection, alternative energy, and biotechnology. China’s goal is to take the Strategic Emerging Industries from a current combined share of 3% of Chinese GDP to 8% by 2015 and 15% by 2020.

Anyone name America's 5 year plan? Beyond destroying the U.S. middle class and American workforce, can anyone even think of one? China, on the other hand, is methodically going about dominating a host of advanced technology industries and capturing our jobs in that process.

Friday Movie Night - Interview with U.S.-China Economic & Security Review Commissioner

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!


If you haven't heard of the U.S.-China Economic and Security Review Commission you should. If you care about our massive trade deficit and U.S. jobs, this commission has written some absolutely frightening reports on China trade and security.

Tonight's movie is a long interview with the Commission member Patrick Mulloy, giving an overview on some of the commission's findings.


Mulloy, Part I