trade deficit

Watch: What One-Sided Trade Pacts Are Doing To Our Jobs
"Imagine if factories in America got orders for $540 billion of goods... the economy would be booming. ... that was just one year of our trade deficit." Read more...
NAFTA At 20: 1 Million Lost Jobs, 580% Increase In Trade Deficit
NAFTA was not just a "trade" agreement. Trade agreements focus on cutting tariffs and easing quotas and barriers to goods moving across borders. The report points out that NAFTA was much more, giving corporations special rights, incentivizing offshoring and limiting regulation. Read more...
April 23, 1979 - Selling SALT And Windfall Profits.
April 23, 1979. Selling SALT and Windfall Profits. Jimmy Carter back in Washington after Easter vacation. Congress back after Easter Recess. SCOTUS hears arguments regarding Rehabilitation Act of 1973. Assassination in Tehran. Cambodia fighting reported as heavy. Idi Amin lands in Iraq, seeking asylum. Please help keep Newstalgia from extinction. Donate what you can! Read more...
February 1, 1975 - $1 Billion A Day.
News of this day included the loud gasp heard over the size of the new budget President Ford was handing Congress. The Recession dragged on. Calls for belt tightening. Supplemental Aid to Southeast Asia was voted down - between the 55,000 lives lost and the billions already spent, enough was enough. Aid to Turkey was on hold pending outcome of the latest Cyprus situation. And the U.S. had the dubious distinction of the 2nd highest trade deficit of the century. Not a day to celebrate. Read more...
I caught Sherrod Brown talking economic sense for the United States the other day and the need to restore our manufacturing base and do something about putting Americans back to work. Here's Thom Hartmann on Russia Today addressing the real Read more...

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May 17, 1988 - Another Day In Paradox.
News of the day for May 17, 1988 - A dramatic decline in the Trade deficit, Stock Market up 10 points, debate on ratification of the INF Treaty gets underway, Presidential Primary in Oregon - Bush trailing by ten points according to polls, Honduran ambassador held on cocaine smuggling charges, South African Bishop Desmond Tutu calls for Isolation Campaign, John Paul 2 visits Latin America and exchanges lectures on Human rights with Paraguayan strongman Gen. Alfredo Stroessner and it's the 1 year anniversary of the bombing of he USS Stark. Read more...
During his speech at this years CPAC wingnut gathering this year, Newt Gingrich tries to blame the consequences of the last thirty years of trickle-down economics on the Obama administration. Got that everybody? Republicans had absolutely nothing to Read more...
Dean Baker writes a fabulous new post on the skanky tactics of the Deficit Hawks. Jingoism and the Budget Deficit: Using Any Tactic to Advance the Bu Read more...
Weekend Talk Shows Past - The Leading Question: Trade Debate 1961
(In 1961, one of the culprits looked like this) The eternal trade deficit. Buying imports, manufacturing and outsourcing overseas, imports flooding Read more...
Krugman cites a 2005 speech Ben Bernanke made as the best explanation for the global economic crisis. In his speech, Bernake said in the mid-1990s, th Read more...