I put together a few things this week, and what’s apparent to me is that the political world doesn’t really take a break in August.
Take for example the late-session attempt to promote “Buy American.” Does it really have a chance in Congress before the session ends? Probably not, but it keeps Ohio Sen. Sherrod Brown in the headlines and the favor of his friends in organized labor.
But labor should be more concerned about some of the points brought up by my AC cohort Ed Braxton in two articles this week, particularly if his assertion that manufacturing is moving beyond labor is correct. But he also contends that American-made is gaining credibility again in the global marketplace.
On the other hand, we seem to have an Environmental Protection Agency which is bound and determined to drive jobs back overseas. Coal miners and their allies came out in force to recent EPA hearings in Pittsburgh, driven by a proposed standard which they contend would all but wipe out their industry. As a buttress to their contention, it was also revealed that a separate EPA effort to reduce ozone standards to as low as 60 parts per billion (from a current level of 75 parts per billion, established in 2008) would cost the American economy dearly. Perhaps the worst thing is that the EPA doesn’t even know itself how compliance can be attained.
Having sat down and written a couple pieces for next week, I can tell you trade will be on my radar screen. As is often the case, politics will play a role there but you’ll have to wait and see how I interpreted it.