Huron County lost 1,275 jobs to foreign competition in 7-year span

Proposed legislation goes after China; ending currency manipulation could create 250,000 jobs for Ohioans, Sen. Brown says
Norwalk Reflector Staff
Mar 1, 2014

Huron County lost at least 1,275 jobs to foreign competition between 2005 and 2012.

That figure represented the 16th-highest total among Ohio's 88 counties and was even greater than some counties such as Lorain that have much higher populations.

Those statistics were released this week by U.S. Sen. Sherrod Brown (D-Ohio), who held a news conference to unveil a new report showing that cracking down on currency manipulation could create 5.8 million jobs in the U.S., including more than 250,000 jobs in Ohio alone.

Brown, who is the lead sponsor of a bipartisan bill that would stand up for American manufacturers by punishing countries such as China that cheat by manipulating currency, urged Congress and the Obama Administration to crack down on currency misalignment.

"We can create millions of jobs -- without adding a dime to the deficit -- by addressing currency manipulation. As our trade deficit continues to widen, our need to level the playing field for American manufacturers and workers becomes more urgent," Brown said. "Ending currency manipulation could create 5.8 million jobs for Americans and more than 250,000 jobs for Ohioans. Congress should stand up for American workers by passing our bipartisan bill that would create jobs by standing up to countries like China that cheat trade law by manipulating currency."

Brown's bipartisan legislation, the Currency Exchange Rate Oversight Reform Act, would use U.S. trade law to counter the economic harm to American manufacturers caused when countries unfairly undervalue their currency to give their exports an unfair price advantage. The bill would provide consequences for countries that fail to adopt appropriate policies to eliminate currency misalignment -- all without adding a dime to the federal budget.

The new Ohio specific report by the Economic Policy Institute (EPI) found that ending currency manipulation could:

* Create more than 250,000 Ohio jobs;

* Reduce Ohio's unemployment rate by up to 2.7 percentage points;

* Create up to 75,900 Ohio manufacturing jobs;

* Increase Ohio's Gross Domestic Policy (GDP) output by up to $17.4 billion; and

* Raise up to $3.7 billion for Ohio and its local communities as output growth leads to increased tax revenues and spending reductions.

The new national EPI report found that ending currency manipulation could reduce the U.S. trade deficit by as much as $500 billion within three years, increase GDP by as much as $720 billion, and create as many as 5.8 million American jobs -- all while reducing the federal budget by as much as $266 billion.

The report concluded that, "ending currency manipulation is the best available tool for stimulating demand for domestic output and ending the hangover of excess unemployment from the Great Recession."

Further, a December 2012 report by the Peterson Institute for International Economics concluded that currency manipulation by foreign governments had cost the U.S. from 1 million to 5 million jobs and increased the U.S. trade deficit by $200 billion to $500 billion per year.

With the Obama Administration currently negotiating provisions of the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP), Brown urged the president not to support trade deals that fail to level the playing field for U.S. manufacturers by punishing currency manipulators.

Brown also released county-by-county data on the number of Trade Adjustment Assistance (TAA) certifications between 1994 and 2012, obtained through the U.S. Department of Labor.

TAA is a federal program that provides aid to workers who petition and are certified they lost their jobs or whose work hours and wages are reduced as a result of increased imports from foreign competitors.

Here are the job-loss totals and rankings for Huron County's seven neighbors, four of which joined Huron County in ranking in the top 20 among the 88 counties: Ashland, 1,363 (14th); Crawford, 956 (25th); Erie, 743 (34th); Lorain, 1,252 (17th); Richland, 1,175 (20th); Sandusky, 1,328 (15th); and Seneca, 624 (37th).

Brown also released data on the number of jobs that could be created in each of Ohio's congressional districts if global currency manipulation was eliminated.

In the 4th District, which includes parts of Huron and Erie counties, including Norwalk, an estimated 8,000 jobs would be created.

In the 7th District, which includes the rest of Huron County, 7,500 jobs would be created.

Joining Brown at the press conference was Scott Paul, President of the Alliance for American Manufacturing (AAM); U.S. Rep. Sandy Levin (MI-9), who introduced the House version of Senator Brown's legislation; and Dr. Robert Scott, the author of the new EPI report and the Director of Trade and Manufacturing Policy Research at EPI.

The Currency Exchange Rate Oversight Reform Act is endorsed by, among others, the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Alliance for American Manufacturing (AAM), American Iron and Steel Institute (AISI), Coalition for Prosperous America (CPA), Fair Currency Coalition, National Council of Textile Organizations (NCTO), National Tooling and Machining Association (NTMA), Precision Metalforming Association (PMA), and United Steelworkers (USW).

"The Currency Exchange Rate Oversight Reform Act of 2013 sends an important message that this nation will no longer tolerate currency manipulation by other governments," AFL-CIO President Richard Trumka said at the time of the bill's introduction. "This wrongful and unfair practice distorts the global economy and disadvantages countries like the United States that follow international trade rules. The growth of these illegal actions has cost far too many jobs over the past several years. We call on the House and Senate to take action on this issue without delay."

USW President Leo Gerard added: "The bill would put the proper tools in the hands of the Administration and the American people to eliminate this most distorting of unfair trade practices, which in reality taxes products the U.S. wants to sell to other countries, while subsidizing a flood of exports to our shores from China and other countries."

Comments

earlduck

this guy is a leftist,race baiting punk,i would love to say idiot but he is not,anybody who can leach off the public the way he can is not an idiot

betrump

Sounds like you're describing yourself. He is a fine Senator; one of the few good ones in Washington, and I will continue to vote for him because I choose to be an informed voter. Enjoy your fox kool-aid.

JMOP

You're right, Earlduck is not an idiot.

One of the few good ones in Washington? Who are among the other few? Just curious.

JudgeMeNot

betrump,
This is the same guy who criticized the golden globes and supports tax hikes that would make oil and natural gas more expensive for U.S. consumers. Your previous comments show why you would bow down and kiss his feet.

In my opinon

@betrump. I agree with you. I get flack all the time on here because I don't have the same views as a few that post every time they get a chance about the present administration. I have my opinion and don't care what they blow off about. They all must have their TV's stuck on Fox and are only informed by the likes of Bill O'reily, Shawn Hannity, or Huckleby. When I take a look at the republican list of potential candidates it scares the hello out of me. Keep posting your opinions as it is freedom of speech which some don't seem to think we are entitled to as much as they are with out them ridiculing.

Contango

Re: "opinions,"

Opinions without any facts to back them up are fact-less opinions.

FNC? Why are the lefties so afraid of one lil' ol' cable network?

Really are you ...

Yeah great hopefully he can bring jobs to Huron County. I have been trying to create a manufacturing business in Norwalk for quite a while. Resistance, resistance, resistance is all I seem to have gotten. I have thrown in the towel, many times, and picked it back up to try again. With the jobs that I could be creating right here right now... 750 jobs, but if I had my way atleast 1,500 jobs. Good luck Mr. Brown.

former local

Hard to believe. Sorry. You need to explain what the resistance is.

Really are you ...

Theoretically speaking you can't do that. Inability to save funds to buy materials to make components. Not a business savvy person. Trying to figure out how to get around the two year collegiate level study. Fed up with living in a continuously degrading lifestyle. Focus, trying to keep a positive mindset. Trying to find that one ray of hope to say, see I told you so.

A device that runs off of itself. Generates electricity for automobiles and dwellings. Military applications. The new opportunities in new research. Electricity is not made. It is all over the places waiting to be induced. Say it is not possible. O' my friend it is absolutely possible. This is the change we have been waiting for.

Contango

Re: "Fed up with living in a continuously degrading lifestyle."

Move. ND, SD, TX, VA, et. al.

http://www.cnbc.com/id/100824779\

Or, if you wanna stay in OH: Columbus.

Really are you ...

It does not take a genius or a college education to see how things work. Developing a passion to make change for the better is what I am seeking. Imagine the GDP that would be drawn to the United States if China, Japan, Russia, Mexico, and the rest of the world bought this device to power their populaces lifestyles. Power their homes and power their vehicles with a product made in the USA. My poor excuse of a business plan had a goal of 1,500 people to be employed a couple years ago. But under government regulations that was not possible, so I had to settle with 750 people. At first utilizing a local factory, then later building a factory in Norwalk for a better production assembly flow. And having this building built to be more user and employee friendly.

Contango

Old saying: (Defecate) or get off the pot.

thinkagain

grandiose poppycock

former local

Have you tried getting help with your business plan? There are places that will assist you, also, get some books at the library or search on line for business plan advice. There are plenty of options for help.

Contango

Re: "Have you tried getting help with your business plan?"

We've been over this with him ad nauseum.

The best thing that YOU could do to help the area?

On your next return, plan to spend or donate 10% more than the last time.

Contango

Re: "currency manipulation,"

The biggest currency manipulator in the world?

The U.S.

Typical; Comrade Senator Brown is blowing smoke for votes.

http://money.cnn.com/2011/10/06/...

hit the road jack

You are exactly correct,look what they do every day to the gold,silver and other metal market every day,let alone the currency itself.

former local

That's not the government. That's done by your rich Republican speculator friends!

Contango

Re: "rich Republican speculator,"

lol

Yea, no Democrats live in the richest neighborhoods in the U.S.

http://www.cnbc.com/id/101448625

Contango

Comrade Sen. Brown: "As our trade deficit continues to widen,"

Say wha?

Recent govt. stats show that the trade deficit has been decreasing.

Why?

One of the primary reasons is that fracking has allowed the U.S. to import less foreign oil.

http://www.bea.gov/newsreleases/...

Comrade Sen. Brown is using the old lefty politico technique of:

"If you can't dazzle them with brilliance, baffle them with bullsh*t."

(W.C. Fields)

CAST THE FIRST STONE

agree...The only way government gets money is to take it from the working public. So they try to figure out how they can make business look like they are rich and get the public to go after the very hand that feeds them by agreeing on hiking taxes on the very people that write their check.. I have never gotten a paycheck from anyone that hasnt taken a chance with their money to build a business. Blind leading the blind

earlduck

UAW and northeast oh race baiters are comrade Brown's pimp,socialism will not work,look how desperate the pieces of the old soviet union are.
sorry to offend you comrade betrump

JudgeMeNot

betrump,
you may come of to others on here as a low-info-voter, you may think of yourself as a highly informed voter, my belief is that you are simple a boot licker.

Foodforthought

What Brown needs to do is get him, obama, biden, pelosi and reid all in the same room with a huge mirror and look into it. there they will see what the problem really is.

and betrump. I guess you are happy since more and more states are legalizing the crap you are smoking. You are as clueless, actually worse, than they are. Do yourself a favor, go get a friend, have them slap you over the head as hard as they can and maybe that might knock some common sense into you.

Ben Crazy

More smoke!

earlduck

it seems to have started when local factory workers started building Mcmansions with 3 car garages filled with 3 cars and taking the kids to disney world every year

angrybird

Whats a matter with the working man having things? Jealous much!!

kURTje

If you don't like it then vote.

Contango

Re: "vote."

Not a panacea. We still end up with socialists like Comrade Sen. Brown because people like you vote for him.

He majored in Russian studies you know?

Obviously learned the wrong lessons from the Bolsheviks.

earlduck

really are you
this guy has built a perpetual motion machine,will somebody on the reflector
comment section listen to him please

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