The exodus: Companies from Illinois to Washington to New Jersey are closing shop or reducing the number of Americans they're employing and sending jobs to Mexico instead. ...on trade, as on everything else substantive, Trumpism is going to be all huffing and puffing with very little to show for it. Already, draft documents of NAFTA renegotiations circulating on Capitol Hill are more modest than originally expected and don't get rid of the most controversial provisions, per the WSJ, which reported on the drafts yesterday. This comes after a flow of jobs to Mexico that seemed to ebb after the election, with notable Trump tweets targeting Ford and Carrier Corp.Companies are starting to export jobs to Mexico again, and at an increasing rate, according to a Bloomberg report . What it means: As NYT columnist Paul Krugman puts it, "after a brief hiatus — unclear whether there was any real pause, or just a pause in announcements, but in any case CEOs seem to have decided that NAFTA isn't under much threat."
(Photo: J. Scott Applewhite / AP)House Republicans are going back to the drawing board on health care — and that's a good thing. That 2015 bill calls for a two-year window in which the law will be phased out, giving Congress time to work out bipartisan, consensus solutions to reform the health care market. Their failure to pass the American Health Care Act last week actually saved them from an even bigger disaster — passing a deeply flawed bill. The next reform bill must repeal the architecture of the Affordable Care Act. No one would lose health care the day after passage.
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