Updates

08/22/11
By Don Siegel, Pittsburgh Post Gazette President Barack Obama won support from hard-hit manufacturing workers in states like Pennsylvania in 2008 with his pledge to renegotiate the North American Free Trade Agreement and create trade agreements that generate jobs here. Now, he is flip-flopping on those commitments and pushing three NAFTA-modeled trade deals with Korea, Panama and Colombia. These deals are projected to further hurt our state and nation.
08/22/11
By CNN's Jack Cafferty Here is more evidence of the suicide mission this country is on: General Electric announced it's moving its 115-year-old X-ray business from Waukesha, Wisconsin to Beijing, China. The X-ray business is part of General Electric's GE Healthcare unit, and this move is just part of a broader plan by GE to invest $2 billion in China.
08/18/11
Ryan McLaughlin, Bangor Daily News Before she started touring the New Balance manufacturing plant on Wednesday, Sen. Olympia J. Snowe, R-Maine, held up a black New Balance sneaker, posed for a couple of pictures and couldn’t help but smile. “I wear New Balance,” the senator said to a group of New Balance officials and reporters. Snowe visited the factory in the wake of a June 10 letter she wrote to U.S. Trade Representative Ron Kirk expressing concern that a potential free trade agreement with low-wage footwear-producing nations in Asia could severely damage the domestic rubber footwear industry and the jobs it supports in Maine communities such as Norridgewock, Skowhegan and Norway.
08/18/11
Amy Westervelt, Forbes A year or so ago I met an attorney on a plane who explained to me that his was a very niche practice. He explained what he did as “defending companies whose operations were being threatened by governments,” and cited examples of oil companies that had been drilling in Venezuela when Chavez came in and restructured resource rights. “Obviously the Venezuelan courts are going to back Chavez, so these companies need an objective third party to review their grievances.”
08/18/11
The Associated Press A trade group representing 20 of the biggest financial companies spent $310,000 during the second quarter lobbying the federal government on free-trade agreements, new banking rules and taxes, according to a disclosure report.
08/18/11
Devin Dwyer and Ann Compton, ABC News "At his rural economic forum in Iowa Tuesday, President Obama exhorted the need to boost the manufacturing and export of U.S. cars and trucks to create jobs,” ABC’s Devin Dwyer and Ann Compton write. “But it turns out the president's new custom motor coach comes stamped with a brand that's located someplace else: Canada. The $1.1 million jet-black rumbling bus that has been carrying Obama through the Midwest this week was designed in part by Prevost, a motor coach manufacturer based in Quebec. The New York Post was first to report this, and Provost officials confirmed this fact to ABC News. ‘We just build an empty shell of a bus, and then sell them to a converter for outfitting,’ Prevost's Steve Zeigler told ABC News.
08/18/11
Clyde Prestowitz, Foreign Policy But speaking of manufacturing in America and also of creating jobs and especially green jobs in America, did you see in yesterday's Wall Street Journal that Evergreen Solar has filed for bankruptcy protection, saying that it could not compete with Chinese rivals without a reorganization. It will close production facilities in Midland, Michigan and lay off 80 workers. You may recall that only a few years ago Evergreen was a high flying green start-up venture whose stock price hit $108 in January, 2008. It closed on the NASDAQ yesterday at 16 cents.
08/17/11
Michele Nash-Hoff, San Diego News Room It might not be what you think it is. Most people would say it's no secret and that the answer is obvious - lower wages in China compared to the United States. However, that answer is only partially true. Why? Because labor is only one part of the total cost of a product, and in many cases it's as low as 20% of the total cost.
08/17/11
Daniel Denvir, Gaurdian.co.uk While on a bus tour this week across a midwest ravaged by deindustrialisation, President Barack Obama has ironically been touting job-killing free trade agreements.
08/16/11
Michele Nash-Hoff, Savingusmanufacturing.com Since the year 2000, the United States has lost over 5.5 million manufacturing jobs, nearly 50,000 manufacturing companies, and racked up an annual trade deficit with China of $273 million in 2010, up from $83.8 million in 2000. These escalating trade deficits with China have far-reaching effects, particularly on American workers. This article will examine the impact of free trade with China as documented in two of the annual reports submitted to Congress by the bi-partisan, 12 member U. S.-China Economic and Security Review Commission (USCC).

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