CPA in the Grand Island Independent (Nebraska)

Grand Island Independent

Farmers Union speaker: Trade deficit continues to pull U.S. economy down

By Robert Pore
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Published: Friday, December 4, 2009 10:10 PM CST

America needs a national economic goal, which begins with reforming the nation's trade policies that are hemorrhaging this country's jobs and treasure overseas, said Michael Stumo of the Coalition for a Prosperous America.

Stumo was a featured speaker Friday at the Nebraska Farmers Union convention, which is being held in Grand Island this weekend.

While agriculture has constantly enjoyed a trade surplus, Stumo said current trade policies, including the concept of free trade, could cause future concern for Nebraska's farmers and ranchers.

 

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Currency Fact of the Week, 12/1/09

FAIR CURRENCY COALITION

Media inquiries: Lloyd Wood 202-452-0866

Other inquiries: Charles Blum 202-904-2475

Fact of the Week

(December 1, 2009)

HOW ENFORCED UNDERVALUATION OF A COUNTRY’S CURRENCY UNLAWFULLY SERVES AS AN EXPORT SUBSIDY (PART II)

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Currency Fact of the Week, 11/17/09

FAIR CURRENCY COALITION

"Fact of the Week" for November 17, 2009

MEDIA INQUIRIES:  Lloyd Wood, 202.452.0866, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
OTHER INQUIRIES: Charles Blum, 202.904.2475, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

UNITED STATES HAS LEVERAGE TO END CHINA CURRENCY PROBLEM

In any negotiation, leverage is a measure of which side, at any given moment, has a greater ability to influence the other side.  Even in the face of the loss of 5.6 million manufacturing jobs in the last decade, the United States has been a “paper tiger” in negotiating with mercantilist Asian export tigers like China.  With rare exceptions, America has been unwilling to use its leverage of limiting access to the U.S. market under international trade rules and has not been able otherwise to persuade countries like China to desist from currency manipulation and other illegal trade practices that destroy U.S. jobs.

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