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    The Right Rhetoric: Free Trade Leads to Jobs and Growth

    A new article published yesterday in The Wall Street Journal, featuring new research by The Heritage Foundation, tries to slice through the rhetoric on trade policy during a week when the Obama Administration announced a new trade suit against China. The article reaffirms the basic benefits that free trade brings … More

    Morning Bell: Shocking News! Trade with China Supports U.S. Jobs

    The presidential debate yesterday moved to trade with China, with the usual rhetorical suspects—including “outsourcing” and the “trade deficit”—taking center stage. President Obama announced that his Administration had filed a complaint against China with the World Trade Organization. But a groundbreaking new report from Heritage proves that importing goods from … More

    Protectionist "Obsession" Is Misplaced

    Former Governor Jennifer Granholm (D–MI) confessed Wednesday to an “obsession” with creating manufacturing jobs in the United States. That is a brave admission, given that the dictionary defines obsession as “a persistent disturbing preoccupation with an often unreasonable idea.” Following up on President Obama’s call in Charlotte for creation of … More

    Trade Deficit Increases. . . or Does It?

    The U.S. Bureau of Economic Analysis (BEA) just announced that the country’s current account deficit for 2011 was $473.4 billion. This number includes transactions like exports and imports. Cue the “sky is falling” headlines. However, the BEA did not point out that the overall U.S. international transactions deficit was $0. … More

    A Pop Quiz on Imports!

    Consider three countries: 1) In Country 1, imports of goods and services are 29 percent the size of the country’s overall economy. 2) In Country 2, imports are 22 percent the size of the country’s economy. 3) In Country 3, imports are 14 percent the size of the country’s economy. … More

    America Needs More than Rhetoric and Piecemeal Trade Measures for Economic Growth

    The President’s recognition in last night’s Fox News interview that exports play an important role in bolstering U.S. economic performance was welcome, but missed at least half of the trade story. Imports benefit America, too, through lower prices to consumers and manufacturers that raise incomes and boost productivity and competitiveness. … More