trade deficit

The Snarling Tiger in Chinese Stripes

It seems I don't often agree with Pat Buchanan these days, but his wide-eyed American protectionism has always been a favorite position of mine, and here Buchanan builds the argument that China is everything we thought it would grow to be—a snarling tiger. It is truly time for America to withdraw from this global dance, and concentrate on national defense and self-reliance once again. n my own art I have often pointed out that China is the new super power. Too many people just laugh, and talk about cheap imports. But let's examine a few glaring facts. Among its billions,...

Read More

Buying America Back To Prosperity

An excerpt from Patrick Buchanan's riveting piece about the "Buy American" movement, and the legislative push we need to pull this country back from the disaterous free trade deficits it has accumulated under the misguided tutelage of our last three presidents. We need this on so many levels. Let's just begin with financial solvency and homeland security. HE U.S. MAY BE AT A PEAK TURNING POINT in history. For we are about to choose whether to fully and finally cast our lot with globalism, or to become again a nation and people who put Americans first. We are about to...


U.S. Trade Deficit Worsening

IGHT UP UNTIL THE COMMODITY bubble burst this summer, there was the ridiculous theory going around that the world was now "decoupled" and that European and emerging markets would somehow avoid being affected by the US slowdown. These decoupling theories disappeared as oil dropped like a rock, only to be replaced by an equally ridiculous idea: that the world's economic pain would be spread evenly. This is wrong. Although the entire world is going into a recession as a result of the credit crisis, some economies are better prepared than others to weather the storm. Durable and capital goodsThe US's...


Why China Wants War With America

he news is grim. Yet another deathly scandal involving poisonous imports from China. Thanks to the vain-glorious global capitalists who shipped the bulk of American industry overseas, much of it to China, we have been poisoned by plastics, paints, food, and now medical supplies coming from the world's most populated nation. And then there is the enormous trade imbalance the US suffers at the hands of the Chinese. The United States and China share the most imbalanced bilateral trade relationship in the world. The United States imports more goods from China than it exports to a tune of $202 billion...