Updates

03/19/11
By Paul Krugman, New York Times More than three years after we entered the worst economic slump since the 1930s, a strange and disturbing thing has happened to our political discourse: Washington has lost interest in the unemployed.
03/18/11
By Bertel Schmitt, The Truth About Cars We had predicted early on that “the disaster in Japan could have a major impact” not just on the Japanese auto industry, but on the auto industry worldwide. If anyone had silently hoped (you can’t say these things aloud) that the disaster over there would provide breathing room for the car industry over here, then get ready for a disappointment. First automaker to be affected over here by the Japan syndrome is GM.
03/18/11
By Magic City Morning Star WASHINGTON, DC March 16th - As the House Ways and Means Committee prepares to begin hearings on the pending free trade agreements, members of Congress spoke out today on Capitol Hill against the Korea-U.S. Free Trade Agreement, highlighting a number of issues that the Obama Administration isn't talking about in its push to pass it. Chief among them are that the deal opens the U.S. market to North Korean goods, would cost approximately 159,000 American jobs, would increase the U.S. trade deficit by more than $13 billion by 2015, makes it easier for China to avoid tariffs by transshipping goods through Korea, and would devastate the U.S. textile industry.
03/18/11
By Kevin Bogardus, The Hill AFL-CIO President Richard Trumka said he doesn’t believe the White House will move forward with the Colombia trade deal this year due to concerns about labor rights. Speaking Thursday at the Council on Foreign Relations, the union federation leader took aim at Colombia’s record of violence against union members and said the White House will not move the Colombia, Korea and Panama trade agreements together, as lawmakers have demanded.
03/18/11
By Bill Lambrecht St. Louis Post-Dispatch Two Missourians in Congress say they intend to pressure the Obama administration to do a better job of enforcing trade laws that would protect Missouri companies and industries elsewhere from unfair practices by Chinese competitors.
03/17/11
There were some interesting and damaging admissions yesterday at a House Energy & Commerce Committee hearing on the pending free trade agreements with Colombia and South Korea. The hearing, entitled “Made in America: Increasing Jobs through Exports and Trade” had Under Secretary of Commerce for International Trade Francisco J. Sanchez on the hot seat along with a panel of business executives and advocates for corporate America.
03/17/11
By Doug Palmer, Fox4KC.com WASHINGTON (Reuters) - A group of President Barack Obama's fellow Democrats on Wednesday vowed to fight him on a proposed trade deal with South Korea the White House wants passed by July 1. "The war on the middle class continues. It's greatest battle of 2011 will be the Korea free trade agreement," said Representative Brad Sherman at an event with eight other House of Representatives Democrats.
03/16/11
By Brad Sherman Supporters of the proposed free-trade agreement between the United States and South Korea argue that we should approve the pact to improve our economy and to reward an ally in a troubled region for its strong security relationship with the U.S., and to solidify these strong security ties with a stronger trade relationship. Though there is no doubt South Korea is a close ally, we need to ensure that the agreement does not undermine U.S. security and economic interests by benefiting North Korea.
03/16/11
Ian Fletcher, courtesy of The Huffington Post How did America end up in its present trade pickle? NAFTA? No way. The WTO? I wish. To understand our present predicament, you need to go back much further than that. In retrospect, America's decisive wrong turn on trade was probably John F. Kennedy's Trade Expansion Act of 1962.
03/15/11
This week in Washington, House Republicans will be holding another round of hearings on the Colombia and Panama Free Trade Agreements as they continue to pressure the Obama administration to package these with the Korea FTA and send all three up to Capitol Hill for approval.

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