Fuel and food prices are on the way up. Oh, and the dismal EPA is goosing corn prices with their approval of higher ethanol levels in gas. Right before the election to pander to their silly greenie base:
And both sides, enough with the China bashing:
Democrats have been ringing similar gongs around the country as they struggle to find a theme, any theme, to save their majorities. This includes bashing U.S. companies that do business overseas, many of whom are among America's largest employers.
Yet the Business Roundtable reports that some 38 million U.S. jobs and roughly 30% of American GDP depend on imports and exports. "Outsourcing" is often a business requirement for U.S. companies to remain competitive, and research by Dartmouth economist Matthew Slaughter shows that companies that hire more workers abroad also hire more at home.
A currency war is the last thing we need with a country that holds a hellacious amount of our debt. As the WSJ points out, the last president to do that was Herbert Hoover. And we all know how that turned out.
Business confidence is way down. Gee, why is that. Watch:
Remember in November.