The Progressive Caucus in the US Congress released their proposal for how the US should spend its money in 2017 earlier this month, and it’s garnered about as much attention as it typically does – which is to say virtually none. An executive summary is available here, which has a link to their full budget at the bottom.
Looking over it, it’s not exactly surprising to see it flounder in the recent news cycles. It’s exactly the sort of deliberate, careful accounting of resources and responsibilities that certain political elements have drummed out of politics. We can all argue about whether it offers the right solutions to the problems in this country, but it’s asking at least some of the right questions when many at that level of government won’t.
On the same day as that budget’s publication, the Economic Policy Institute (EPI) released a report on the effect of trade relations on employment within the US. It’s caught little more attention than the budget, unfortunately. Breaking it down by congressional district, the EPI only found two such districts where trade deficits with fellow signatories of the Trans-Pacific Partnership (TPP) had a net positive impact on local employment. In stark contrast, a band across the middle of the country, stretching from the western Rust Belt down into the Deep South, is estimated to have lost staggering numbers of jobs to this international effect.
(An interactive version of this map can be found here.)
As the presidential primaries continue, both of the economic concerns these and other issues have stoked threaten to take center stage in the general election. Exit polling in Michigan showed majorities of voters in both major party primaries agree with the EPI assessment that international trade reduces the number of jobs in the US. These aren’t just meaningless statistics, but lived realities that help people decided whether and how to vote.
What’s more, the exit polling showed Donald Trump taking a large portion of the Republican primary voters who felt that way and an even larger majority in the Democratic primary supporting Bernie Sanders.The former has in many ways become a vehicle for political and economic fervor, as racist violence has routinely erupted at his events, including even ones held since the Michigan primary on Tuesday. The latter is already bringing his explicitly anti-TPP message to Ohio and Illinois. In an election cycle previously dominated by less economically-driven policy debates, economics has suddenly jumped back into center stage.