[CTC] Levin: US should File WTO complaint on China Currency

[Andrew Gussert]

*"Something more than cyclical forces is weighing on the American jobs
machine...with absolute declines in manufacturing jobs and distressing
declines in capacity growth rates.  These trends may be critically important
in understanding the dismal performance of US labor markets. If they are in
fact critical, they raise serious questions about US trade policy -
questions that few in Washington want to address.  Given the extent to which
manufacturing capacity has already been offshored, those questions go far
beyond the recently announced tiny shift in Chinese currency policy.  Simply
put, accepting the importance of manufacturing capacity and the possibility
that offshoring has had a much more deleterious impact on the US economy
than commonly accepted would require a significant paradigm shift in the
thinking of US policymakers."

*
http://www.roubini.com/us-monitor/259178/why_is_the_american_jobs_machine_broken_
*
*
-- 
Tim Robertson, Director
California Fair Trade Coalition

2017 Mission St., Suite 200
San Francisco, CA  94110
(415)255-7291(o)
(415)987-4870(c)

The California Fair Trade Coalition is a pro-trade, pro-democracy coalition
of labor, immigrant rights, environmental, faith, family farm and women's
interests working towards a balanced approach to international trade. Our
goal is to reform U.S. trade policy and to promote economic justice, human
rights, healthy communities, and a sound environment.
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