DAYTON – Republican presidential candidate Buddy Roemer, former governor of Louisiana, will be the luncheon speaker at an Oct. 7 summit here aimed at revitalizing manufacturing.
The Coalition for a Prosperous America, a Washington, D.C.-based non-profit, and a host of Dayton-area businesses and organizations — including the Dayton Development Coalition, the city of Dayton, and the Dayton-Montgomery County Port Authority — will hold the summit at the Dayton Convention Center to talk about ways to get a handle on international trade and how it affects manufacturing and farming.
Roemer, former governor of Louisiana and 4-term congressman before that, holds MBA from Harvard. He has spent the last couple of decades building an independent bank in Louisiana. Noting that Wall Street has changed and is no longer what it once was, Roemer describes himself as "Main Street, not Wall Street."
but that's the insane mentality and another one is "helping poverty around the world" by literally giving the world American jobs and the U.S middle class wealth and income. Nice poverty program and obviously worked since many place in the U.S. look 3rd world, the statistics showing 3rd world poverty, despair, right here at home.
picking a couple of select data points is misleading. Try looking at 1990. It's still undervalued by at least 30%. The below history shows the peg, not even back to 1995 rates where currency manipulation became in earnest from China.
Since 1945 we have fought communism by exporting good capitalist manufacturing jobs. Letting Asian nations peg their currency to the US Dollar was the primary means of facilitating this effort. We have taken the fight to the commie's homeland. Soon we will have a complete capitalist victory over communism, and then we can finish taking back everything we had to give up so that your grandparents wouldn't go commie on us along the way. Markets in everything!
In 2005, the exchange rate was 8.27 Chinese Yuans for one U.S. Dollar. (Source: http://en.wikipedia.org/wiki/Renminbi )
In 2011, the exchange rate is 6.36 Chinese Yuans for one U.S. Dollar. (Source: http://www.x-rates.com/d/USD/table.html )
The Chinese currency has appreciated 30% against the U.S. Dollar in the last 6 years. What are the U.S. Senators complaining about?
----
Math:
In 2005, one Yuan was worth 12.09 cents. [1 dollar / 8.27 yuans = 12.09 cents per Yuan]
In 2011, one Yuan is worth 15.72 cents. [1 dollar / 6.36 yuans = 15.72 cents per Yuan]
Yuan appreciation = (15.72 cents – 12.09 cents) / 12.09 cents * 100 = 30.02% appreciation vs. U.S. dollar
Right now on local news are "stories" being run in sync, claiming those bad trade deals will create jobs. Over and over again, economist analysts show they will not. Only an economic fiction paper claims they will and history shows, bad trade deals have lost millions of U.S. jobs.
We have a GOP candidate, Buddy Roemer, who is being completely blacked out in media and assuredly because he is not speaking those marching orders, those corporate lobbyist written "talking points".
Koch seem to have their fingers in political disaster after disaster. Yeah, Bloomberg is doing their job periodically, taking on some seriously monied and powerful.
So, of course their news isn't in basic cable, instead mealy mouthed corporate speak leaning CNBC is.
Boy is this dead on, so of course he's locked out. Looks like the blogs and sites need to help give him some free press. I noticed he is mentioning policies that I know appeal to both Progressives and Conservatives, kind of the best of the lot.
Speaker Boehner says it's "pretty dangerous," and Robert Oak says it's "pretty incredible" -- but what we all know is that the populist demand for a protectionist trade policy can no longer be denied.
Republican presidential candidate Buddy Roemer, former governor of Louisiana, is credible enough while he is also amazingly on point. Roemer appears to be without fear of being labeled a 'protectionist'.
Here's Roemer announcing his job plan in front of the Embassy of the People's Republic of China.
Roemer, who has yet to take part in any of the Republican presidential debates, announced his jobs plan with a speech Sept. 1 at the Chinese Embassy in Washington D.C. denouncing China’s currency manipulation and product dumping and lack of enforcement by federal authorities in both Democrat and Republican administrations. He has taken an aggressive stance championing “Made in America” and decrying American international trade deficits that he says are stifling job growth.
In his speech, he called China a “bear” that eats American jobs with unfair trade policies as its fork.
As for why Roemer hasn't been allowed into any of the GOP candidates' debates, check out Robert Oak blog -- 'Presidential candidate not there'
Looks like we have some in Congress literally fighting against their own party President to get anywhere on the trade deficit, currency manipulation. Gee wiz, it's only been a decade of zero job growth.
Hope to write up an update on the latest along with some theoretical trade research details today.
Keep up the comments this is really important to try to get something passed.
choose policy agendas that over 80% of the country agree with. Taxing the rich is an 80% public approval, breaking up TBTF banks is something most want. Most want money out of politics.
Don't let the start of this movement be taken over by special, niche, interests, else we'll get nowhere.
Tackling the trade deficit, starting with China, the largest trade deficit is also something most people want.
Cross the blue-red divide in terms of legislation, policy where most of the Populist agree.
Try using a discount broker. Brokers are slippery critters like banksters but Discount brokers will rebate your ATM fees and charge no maintenance fees. Brokers not associated with banks represent legitimate private property. Banks on the contrary, are entirely criminal enterprises post 2008.
I am with the OWS movement. We just need to fill out the agenda for what Economic Democracy means. ED is the opposite of the Oligarchy. We control the banks, not the banks controlling us.
The Kochs are the poster-children “Brand Messengers” – as you put it “…creating glorified religions and philosophies to justify (and further) their own avarice and malicious greed.” That of course has included their starting the Tea Party, a clear example of misleading people to vote against their own self-interest via messaging, distraction, and sloganeering. And the failed Media enables such BS by parroting vs reporting, via “he said – he said”. Thanks Bloomberg News for being an outstanding exception.
Robert Oak's quote from Reuters isn't attributed. Actually, it's Boehner himself who made the amazingly weak statement:
"I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency." -- John Boehner, quoted in Reuters
Although making that pusillanimous statement, Boehner somehow manages to project a kind of dark confidence and power as he appears to be squelching discussion of trade issues generally. His approach seems to be the classic -- "Stay calm, everything is under control, just keep moving forward in an orderly fashion."
The question is whether Boehner is bluffing ... whether he can ignore the populist demands and survive politically ... that's the question ...
Whether Boehner will be successful in stifling debate on trade-related issues is being questioned. The WSJ article cites analysts at the Eurasia Group, excerpted as follows:
House Democrats have been successfully building bipartisan support for legislation authored by Rep. Sander Levin (D., Mich.) to try and force action on the issue. The measure currently has 200 cosponsors and Levin has been seeking action on a so-called discharge petition that would force a vote on his legislation.
Analysts at the Eurasia Group say it is unlikely, but not impossible, for the bill to pass the House. Describing House passage as a "worst-case scenario" for the White House, the international research firm believes President Barack Obama will want to avoid making China a major campaign issue next year.
At this point, that Obama did a total flip-flop on very specific, written, repeated campaign promises ... is not news. But what is noteworthy is the flip-flopping right off a political cliff ... opposition to these sorts of pacts is one of the few things that unites GOP, Dems, and Independents.
Now, the question is whether Congress will follow. Whether or not these job-killing deals go into effect will come down to whether 218 House members vote for them. Few Dems will support the deals. The Korea deal is an albatross of job loss. ....
A bloc of more senior GOP oppose the Korea deal, as it clobbers certain industries. So, it will come down to the GOP freshmen.
The polling shows that Tea Partiers [voters, not necessarily their elected representatives] are among the most passionate opponents of these deals. But whether the freshmen GOP will stick with the critical position many of them campaigned on and/or heed the Ron Paul call to oppose these deals is at best unclear. Many have already flipped to yes votes, falling in line with the massive Chamber of Commerce campaign that has been aimed at getting them "educated."
If the deals are passed, you can imagine the Democratic congressional campaign committees again making hay with differentiator ads attacking these job-killing votes.
"Why is President 'I'll renegotiate NAFTA' Obama pushing [the three pending FTAs] against the will of his own party? It's insane and makes absolutely no sense." -- Anon. Drive-by
A better question might be why has the China currency bill been put into the mix at this time?
We tend to forget that in politics, we find political animals. They may all be insane, but everything they do makes sense in terms of political survival.
If there is anything clear about President Obama at this time, it's that he aspires to a second term. Everything must be seen in that context if we want to understand the current course of events.
On the one hand, Obama is looking to appear as the man who did the job of getting the three FTAs enacted, thus pleasing corporate contributors. On the other hand, Obama needs the TAA part of it to avoid looking like a fool with his own core constituency, and he has been trapped into yet another game of chicken over connection of the TAA and the three FTAs. And now, on a third hand, there's this new kid on the block, the China currency bill.
How quickly this hot potato, quickly nuked on high in the Senate, was passed to the House! And how quickly it will be tossed to the House Ways and Means Committee ... to a slow death or, at best, bare survival in such a weakened condition that it won't matter if it is ever enacted or not.
Meanwhile, what about the three pending FTAs and the TAA? The House will probably pass those -- even if Boehner has to repeat the voice vote charade (no record of how your representative voted) as was used 7 September 2011 in order to quickly send the GSP/TAA bill to the Senate for rapid action. But will the TAA be funded? And will the FTAs all pass in the Senate? After all, these can be three different bills, none of them much favored by Majority Leader Reid (D-Nev.) ... and they are not unrelated to the issues raised in the China currency bill. True, there's no debate allowed on fast-track FTAs, but there's still the option of voting Nay on all of them or for one or two of the FTAs but against one or two at the same time -- especially if the TAA will never be funded by the House anyway! (Debate will proceed off the Senate floor.)
Possibilities unfold! The proverbial worm has been known to turn unexpectedly.
Scariest of all possibilities, for Boehner, is a revolt among House Republicans, with populist members declaring their independence from the RNC and Boehner. That doesn't seem likely, but a lot depends on public reaction. If there are no House Republicans speaking out against the FTAs or in favor of the China currency bill, then that will be the GOP's karma to carry forward. They will have forfeit the mantle of protectionism, which means they do not value it.
From Boehner's point of view, everything was prepared for the classic squeeze play -- the strategy unchanged since the 1990s. The White House at Home Plate with legislative leaders playing the infield, Boehner at Third ... together they run a squeeze play on populist-protectionist legislators caught between bases.
Now, Boehner is ready to run the squeeze, but where is the play? Which ball is in play? Where is Obama? Obama is still there at Home Plate, but he is now out of the game ... Obama has become the Umpire! Obama has distanced himself from the trade issue, becoming the man with the power, becoming (to borrow a term from George W. Bush) "the decider."
As for what will happen, House Speaker John Boehner said yesterday [3 October 2011] that he would send the trade deals to the floor for passage along with the separate bill authorizing trade adjustment assistance. The likely outcome is that TAA will be authorized and then never appropriated, and even the fig leaf to get support for the trade bills will not materialize. Meanwhile, the House, scrambling to avoid the label of obstructionism on forcing China to stop manipulating their currency, will try a bait and switch .... while the Chinese currency measure enjoys Republican support in the Senate, it is viewed less favorably in the House, where Representative Dave Camp, the Michigan Republican who is chairman of the Ways and Means Committee, is expected to offer his own less aggressive version later this year.
So the House passes a toothless bill, then there’s either no conference committee on the bill (see FAA authorization) and nothing passes, or the toothless, useless House bill passes. And China keeps eating our lunch.
What we have seen for some time now is that the two-party system has become dysfunctional, failing to represent the people. Sooner or later, schisms were sure to manifest in the body politic.
Both parties are split on trade issues. That's good. Better yet would be if a majority formed from both parties enacts real protectionist legislation.
Meanwhile, the political impact of this China currency bill may be that, in the event that Mitt Romney becomes the GOP candidate, Obama could taunt him by saying that the Democratic Senate enacted his proposals ... only for it all to be lost in the Republican House Ways and Means Committee. Then where will Romney be? Will he defend the toothless, useless House bill, if it even exists? Or will he be campaigning against GOP members of the House?
A specter haunts politics USA -- the specter of protectionism.
What is under-appreciated by the 'pols' and apparatchiks of DC is that the protectionist issue is unlike any of the other issues. It is probably the only issue on which the American people are united. If you play with protectionism, you'd best be understanding that you are playing with fire.
And no time off. No off-year. The specter haunts full-strength 24-7, be it 2011 or 2012.
So we see the damage "free" trade has done to the American economy as evidenced by the massive trade deficit. The Senate is actually attempting to do something to reduce the trade deficit.
But then why in the world is Congress considering passing more "free" trade agreements with South Korea, Panama, and Columbia? Even worse, why is President "I'll renegotiate NAFTA" Obama pushing it against the will of his own party? It's insane and makes absolutely no sense.
Now, exposure of corporations who are publicly traded yet are lying, bribing, manipulating, well, who can argue against a group exposing what should be in the public domain anyway.
For example, corporations refuse to reveal how many jobs they offshore outsourced, how many firings of Americans, how many firings of older Americans, and how many jobs they just created in India and China.
In other words, they hide their global labor arbitrage like it is Fort Knox Gold.
Getting real statistics out of China is not easy either.
Maybe this is what you are referring to, but this isn't dDoS, this is hacking for information and exposure sake. i.e. breaking through servers, firewalls, hunting for data, memos and internal accounting records.
I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency.
In the house the bill has 225 co-sponsors, 61 of them Republicans. Never a bill shall be brought to the floor in Congress unless it's written by the U.S. Chamber of Commerce, that's basically the message here.
But this site makes a point to not advocate anything illegal, malicious, criminal or violent. Primarily EP is a news source and news with opinion site. You know who loves dDoS? China. dDoS is the type of technique that amounts to cyberwar. I imagine, someday, it would be classified as an act of violence, similar to walking into a power plant and destroying transformers, cutting wires and shorting out generators.
You are saying it, it's a basic weapon and that's very true. I think people using social media and organizing Occupy Wall Street have the right idea here, non-violent protest is the way to go to push for change.
This site was started out of frustration few understood, paid attention to, economics for main street, so I hear the frustration and anger than nothing changes here.
It's even more frustrating when "war", aka cyberwar is under the purview of governments yet we have government that pretty much doesn't represent us economically assuredly.
DAYTON – Republican presidential candidate Buddy Roemer, former governor of Louisiana, will be the luncheon speaker at an Oct. 7 summit here aimed at revitalizing manufacturing.
.........
Announcement per TradeReform.org's Anthony Shoemaker, Steve Bennish, Dayton Daily News (30 September 2011)
The Coalition for a Prosperous America, a Washington, D.C.-based non-profit, and a host of Dayton-area businesses and organizations — including the Dayton Development Coalition, the city of Dayton, and the Dayton-Montgomery County Port Authority — will hold the summit at the Dayton Convention Center to talk about ways to get a handle on international trade and how it affects manufacturing and farming.
Roemer, former governor of Louisiana and 4-term congressman before that, holds MBA from Harvard. He has spent the last couple of decades building an independent bank in Louisiana. Noting that Wall Street has changed and is no longer what it once was, Roemer describes himself as "Main Street, not Wall Street."
Interesting the two Democratic Senators from Washington State don't want to deal with China currency manipulation.
Their constituents? Microsoft and Boeing, nuf said.
but that's the insane mentality and another one is "helping poverty around the world" by literally giving the world American jobs and the U.S middle class wealth and income. Nice poverty program and obviously worked since many place in the U.S. look 3rd world, the statistics showing 3rd world poverty, despair, right here at home.
picking a couple of select data points is misleading. Try looking at 1990. It's still undervalued by at least 30%. The below history shows the peg, not even back to 1995 rates where currency manipulation became in earnest from China.
Since 1945 we have fought communism by exporting good capitalist manufacturing jobs. Letting Asian nations peg their currency to the US Dollar was the primary means of facilitating this effort. We have taken the fight to the commie's homeland. Soon we will have a complete capitalist victory over communism, and then we can finish taking back everything we had to give up so that your grandparents wouldn't go commie on us along the way. Markets in everything!
In 2005, the exchange rate was 8.27 Chinese Yuans for one U.S. Dollar. (Source: http://en.wikipedia.org/wiki/Renminbi )
In 2011, the exchange rate is 6.36 Chinese Yuans for one U.S. Dollar. (Source: http://www.x-rates.com/d/USD/table.html )
The Chinese currency has appreciated 30% against the U.S. Dollar in the last 6 years. What are the U.S. Senators complaining about?
----
Math:
In 2005, one Yuan was worth 12.09 cents. [1 dollar / 8.27 yuans = 12.09 cents per Yuan]
In 2011, one Yuan is worth 15.72 cents. [1 dollar / 6.36 yuans = 15.72 cents per Yuan]
Yuan appreciation = (15.72 cents – 12.09 cents) / 12.09 cents * 100 = 30.02% appreciation vs. U.S. dollar
Right now on local news are "stories" being run in sync, claiming those bad trade deals will create jobs. Over and over again, economist analysts show they will not. Only an economic fiction paper claims they will and history shows, bad trade deals have lost millions of U.S. jobs.
We have a GOP candidate, Buddy Roemer, who is being completely blacked out in media and assuredly because he is not speaking those marching orders, those corporate lobbyist written "talking points".
Koch seem to have their fingers in political disaster after disaster. Yeah, Bloomberg is doing their job periodically, taking on some seriously monied and powerful.
So, of course their news isn't in basic cable, instead mealy mouthed corporate speak leaning CNBC is.
(get the picture?)
Boy is this dead on, so of course he's locked out. Looks like the blogs and sites need to help give him some free press. I noticed he is mentioning policies that I know appeal to both Progressives and Conservatives, kind of the best of the lot.
Speaker Boehner says it's "pretty dangerous," and Robert Oak says it's "pretty incredible" -- but what we all know is that the populist demand for a protectionist trade policy can no longer be denied.
Republican presidential candidate Buddy Roemer, former governor of Louisiana, is credible enough while he is also amazingly on point. Roemer appears to be without fear of being labeled a 'protectionist'.
Here's Roemer announcing his job plan in front of the Embassy of the People's Republic of China.
Anthony Shoemaker at TradeReform.org (Coalition for a Prosperous America) quotes from article by Steve Bennish in Dayton Daily News (30 September 2011) --
As for why Roemer hasn't been allowed into any of the GOP candidates' debates, check out Robert Oak blog -- 'Presidential candidate not there'
Looks like we have some in Congress literally fighting against their own party President to get anywhere on the trade deficit, currency manipulation. Gee wiz, it's only been a decade of zero job growth.
Hope to write up an update on the latest along with some theoretical trade research details today.
Keep up the comments this is really important to try to get something passed.
choose policy agendas that over 80% of the country agree with. Taxing the rich is an 80% public approval, breaking up TBTF banks is something most want. Most want money out of politics.
Don't let the start of this movement be taken over by special, niche, interests, else we'll get nowhere.
Tackling the trade deficit, starting with China, the largest trade deficit is also something most people want.
Cross the blue-red divide in terms of legislation, policy where most of the Populist agree.
Try using a discount broker. Brokers are slippery critters like banksters but Discount brokers will rebate your ATM fees and charge no maintenance fees. Brokers not associated with banks represent legitimate private property. Banks on the contrary, are entirely criminal enterprises post 2008.
I am with the OWS movement. We just need to fill out the agenda for what Economic Democracy means. ED is the opposite of the Oligarchy. We control the banks, not the banks controlling us.
The Kochs are the poster-children “Brand Messengers” – as you put it “…creating glorified religions and philosophies to justify (and further) their own avarice and malicious greed.” That of course has included their starting the Tea Party, a clear example of misleading people to vote against their own self-interest via messaging, distraction, and sloganeering. And the failed Media enables such BS by parroting vs reporting, via “he said – he said”. Thanks Bloomberg News for being an outstanding exception.
Robert Oak's quote from Reuters isn't attributed. Actually, it's Boehner himself who made the amazingly weak statement:
"I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency." -- John Boehner, quoted in Reuters
Although making that pusillanimous statement, Boehner somehow manages to project a kind of dark confidence and power as he appears to be squelching discussion of trade issues generally. His approach seems to be the classic -- "Stay calm, everything is under control, just keep moving forward in an orderly fashion."
The question is whether Boehner is bluffing ... whether he can ignore the populist demands and survive politically ... that's the question ...
The currency bill and the discharge petition
As recently as yesterday (3 October 2011), the White House appears to be taking a neutral stand on the 'China' currency bill passed in the Senate and now pending in the House. That's according to WSJ.com article by Tom Barkley and Michael R. Crittenden (3 October 2011), 'UPDATE: Obama Administration Hasn't Taken Stance on China Currency Bill'
Whether Boehner will be successful in stifling debate on trade-related issues is being questioned. The WSJ article cites analysts at the Eurasia Group, excerpted as follows:
The three pending FTAs
Lori Wallach, Director of Public Citizen's Global Trade Watch, seems skeptical that the trade deals will not pass in the House. Following is excerpted from Wallach's article published at HuffPo (4 October 2011) and titled 'Obama Flip-Flops off Trade Cliff', citing Public Citizen memo on polling results for opposition to FTAs --
"Why is President 'I'll renegotiate NAFTA' Obama pushing [the three pending FTAs] against the will of his own party? It's insane and makes absolutely no sense." -- Anon. Drive-by
A better question might be why has the China currency bill been put into the mix at this time?
We tend to forget that in politics, we find political animals. They may all be insane, but everything they do makes sense in terms of political survival.
If there is anything clear about President Obama at this time, it's that he aspires to a second term. Everything must be seen in that context if we want to understand the current course of events.
On the one hand, Obama is looking to appear as the man who did the job of getting the three FTAs enacted, thus pleasing corporate contributors. On the other hand, Obama needs the TAA part of it to avoid looking like a fool with his own core constituency, and he has been trapped into yet another game of chicken over connection of the TAA and the three FTAs. And now, on a third hand, there's this new kid on the block, the China currency bill.
How quickly this hot potato, quickly nuked on high in the Senate, was passed to the House! And how quickly it will be tossed to the House Ways and Means Committee ... to a slow death or, at best, bare survival in such a weakened condition that it won't matter if it is ever enacted or not.
Meanwhile, what about the three pending FTAs and the TAA? The House will probably pass those -- even if Boehner has to repeat the voice vote charade (no record of how your representative voted) as was used 7 September 2011 in order to quickly send the GSP/TAA bill to the Senate for rapid action. But will the TAA be funded? And will the FTAs all pass in the Senate? After all, these can be three different bills, none of them much favored by Majority Leader Reid (D-Nev.) ... and they are not unrelated to the issues raised in the China currency bill. True, there's no debate allowed on fast-track FTAs, but there's still the option of voting Nay on all of them or for one or two of the FTAs but against one or two at the same time -- especially if the TAA will never be funded by the House anyway! (Debate will proceed off the Senate floor.)
Possibilities unfold! The proverbial worm has been known to turn unexpectedly.
Scariest of all possibilities, for Boehner, is a revolt among House Republicans, with populist members declaring their independence from the RNC and Boehner. That doesn't seem likely, but a lot depends on public reaction. If there are no House Republicans speaking out against the FTAs or in favor of the China currency bill, then that will be the GOP's karma to carry forward. They will have forfeit the mantle of protectionism, which means they do not value it.
From Boehner's point of view, everything was prepared for the classic squeeze play -- the strategy unchanged since the 1990s. The White House at Home Plate with legislative leaders playing the infield, Boehner at Third ... together they run a squeeze play on populist-protectionist legislators caught between bases.
Now, Boehner is ready to run the squeeze, but where is the play? Which ball is in play? Where is Obama? Obama is still there at Home Plate, but he is now out of the game ... Obama has become the Umpire! Obama has distanced himself from the trade issue, becoming the man with the power, becoming (to borrow a term from George W. Bush) "the decider."
Boehner's lock on power is slipping. So what's his strategy now? This analysis is from article by David Dayen at FireDogLake.com (4 October 2011) --
What we have seen for some time now is that the two-party system has become dysfunctional, failing to represent the people. Sooner or later, schisms were sure to manifest in the body politic.
Both parties are split on trade issues. That's good. Better yet would be if a majority formed from both parties enacts real protectionist legislation.
Meanwhile, the political impact of this China currency bill may be that, in the event that Mitt Romney becomes the GOP candidate, Obama could taunt him by saying that the Democratic Senate enacted his proposals ... only for it all to be lost in the Republican House Ways and Means Committee. Then where will Romney be? Will he defend the toothless, useless House bill, if it even exists? Or will he be campaigning against GOP members of the House?
A specter haunts politics USA -- the specter of protectionism.
What is under-appreciated by the 'pols' and apparatchiks of DC is that the protectionist issue is unlike any of the other issues. It is probably the only issue on which the American people are united. If you play with protectionism, you'd best be understanding that you are playing with fire.
And no time off. No off-year. The specter haunts full-strength 24-7, be it 2011 or 2012.
So we see the damage "free" trade has done to the American economy as evidenced by the massive trade deficit. The Senate is actually attempting to do something to reduce the trade deficit.
But then why in the world is Congress considering passing more "free" trade agreements with South Korea, Panama, and Columbia? Even worse, why is President "I'll renegotiate NAFTA" Obama pushing it against the will of his own party? It's insane and makes absolutely no sense.
OMG, the group of hackers, known as anonymous, just went and exposed a Chinese AG company of fraud, lying to investors. I kid you not.
Business Insider has all of the links to their findings.
Now, exposure of corporations who are publicly traded yet are lying, bribing, manipulating, well, who can argue against a group exposing what should be in the public domain anyway.
For example, corporations refuse to reveal how many jobs they offshore outsourced, how many firings of Americans, how many firings of older Americans, and how many jobs they just created in India and China.
In other words, they hide their global labor arbitrage like it is Fort Knox Gold.
Getting real statistics out of China is not easy either.
Maybe this is what you are referring to, but this isn't dDoS, this is hacking for information and exposure sake. i.e. breaking through servers, firewalls, hunting for data, memos and internal accounting records.
(if that's how they obtained this info).
The media hype machine around someone who adamantly said they don't want to run is astounding, but there ya have it, he's not gonna do it.
As usual, GOP "leadership", is out to block the bill on China currency manipulation.
Reuters:
In the house the bill has 225 co-sponsors, 61 of them Republicans. Never a bill shall be brought to the floor in Congress unless it's written by the U.S. Chamber of Commerce, that's basically the message here.
But this site makes a point to not advocate anything illegal, malicious, criminal or violent. Primarily EP is a news source and news with opinion site. You know who loves dDoS? China. dDoS is the type of technique that amounts to cyberwar. I imagine, someday, it would be classified as an act of violence, similar to walking into a power plant and destroying transformers, cutting wires and shorting out generators.
You are saying it, it's a basic weapon and that's very true. I think people using social media and organizing Occupy Wall Street have the right idea here, non-violent protest is the way to go to push for change.
This site was started out of frustration few understood, paid attention to, economics for main street, so I hear the frustration and anger than nothing changes here.
It's even more frustrating when "war", aka cyberwar is under the purview of governments yet we have government that pretty much doesn't represent us economically assuredly.
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