Blog Archives

Trump, Trade and Taxes

Donald Trump has made trade agreements a central issue in this presidential election, declaring trade treaties such as the North American Free Trade Agreement (NAFTA) as unfair and subject to cancellation or renegotiation.

Setting aside the issue of whether presidents can cancel trade treaties via executive orders, let’s look at the underlying issue: the erosion of manufacturing and entry-level job opportunities that lead to middle-class security and pay.

The question then becomes: what are the causes of this erosion of manufacturing and the middle class? Trade is relatively easy to finger because the flood of cheap goods into the U.S. coincided with the wholesale offshoring of manufacturing capacity.

But it isn’t quite that simple. “Free” Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think (March 22, 2016)

There are many other issues in play, including:

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My Wish for 2016: We Finally Get a President Who Doesn’t Kiss Wall Street’s Rear End

Is there any hope that we might actually elect a president with the mandate and courage to take down Wall Street instead of kissing its rear end in humiliating obeisance?

The 2016 presidential election may be far away to those obsessed with the news cycle, but it’s not too early to express one single hope: that we finally elect a president who doesn’t kiss Wall Street’s rear end every single day for four/eight years running.┬áIt’s not difficult, folks; it’s either/or. Either the President is willing to take down Wall Street or he/she is kissing Wall Street’s rear end. There is no middle ground.

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