China’s Real Intentions Toward America

These days, America competing with China is like an American runner competing against a Chinese runner, except that the American runner has to carry an anvil. It may be against the rules, but there’s little anyone can do about it. The Chinese have the advantage. But let’s not delude ourselves about China’s aims. China want to surpass the United States as the world’s leading economy. And they want to replace the dollar with the yuan as the world’s... Read More

America’s Ex-Im Bank Is Needed To Compete

With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs. Yet some in Congress are leaning toward not... Read More

Job Creation Stymied as Obama Strikes Out on Asian Trade Negotiations

A metaphor for President Obama’s recent trip to Asia was the widely aired game of soccer he had with a Japanese robot. In essence, Japan made Obama kick the impending Trans-Pacific Partnership (TPP) — which unites 12 economies around the Pacific Rim — down the road as trade talks stalled. How important is TPP to American trade? The Peterson Institute for International Economics projects that it could cause American exports to rise by $123.5 billion per year by... Read More