Orrin Cass

Orrin Cass is a Republican policy expert who has shifted his views on economic policy since the 2012 Romney campaign. He is the founder of American Compass, a think tank that advocates for a pro-worker, pro-union economic agenda. Cass has been a vocal critic of the Republican Party's embrace of free trade and globalization, arguing that these policies have hurt American workers and communities. He believes that the Republican Party should focus on policies that make it possible for people to raise a family on one income, such as tariffs and sectoral bargaining.

JD Vance

JD Vance is an American author, venture capitalist, and politician. He is the author of the bestselling book "Hillbilly Elegy: A Memoir of a Family and Culture in Crisis." Vance was elected to the United States Senate in 2022, representing Ohio. He is a member of the Republican Party and is considered to be part of the party's populist wing. Vance has been a vocal critic of the Republican Party's embrace of free trade and globalization, arguing that these policies have hurt American workers and communities. He believes that the Republican Party should focus on policies that make it possible for people to raise a family on one income, such as tariffs and sectoral bargaining.

American Compass

American Compass is a think tank founded by Orrin Cass that advocates for a pro-worker, pro-union economic agenda. The think tank is critical of the Republican Party's embrace of free trade and globalization, arguing that these policies have hurt American workers and communities. American Compass believes that the Republican Party should focus on policies that make it possible for people to raise a family on one income, such as tariffs and sectoral bargaining.

Sectoral Bargaining

Sectoral bargaining is a form of collective bargaining in which workers in a particular industry or sector negotiate with employers as a group. This is in contrast to traditional collective bargaining, which is typically done at the company level. Sectoral bargaining is often seen as a way to give workers more power in negotiations with employers, as it allows them to bargain as a group rather than as individuals. It is also seen as a way to promote fairness and equity in the workplace, as it can help to ensure that all workers in a particular industry are paid a fair wage and have access to the same benefits.

Populism

Populism is a political ideology that emphasizes the common person and their interests, often in opposition to the elite. Populist movements often arise in times of economic or social upheaval, and they typically appeal to voters who feel that they have been ignored or marginalized by the political establishment. Populist leaders often use rhetoric that is simple and direct, and they often appeal to emotions rather than reason. Populist movements can be found on both the left and the right of the political spectrum.

Trade Deficit

A trade deficit occurs when a country imports more goods and services than it exports. This can lead to a decline in the value of a country's currency, as well as a loss of jobs in the manufacturing sector. Trade deficits can be caused by a number of factors, including a country's economic policies, its level of economic development, and its trade relationships with other countries.

Reshoring

Reshoring is the process of bringing manufacturing back to a country from overseas. This can be done through a variety of means, including tariffs, subsidies, and tax breaks. Reshoring is often seen as a way to create jobs and boost economic growth. However, it can also lead to higher prices for consumers.

Inflation Reduction Act

The Inflation Reduction Act of 2022 is a United States federal law that aims to reduce inflation, lower healthcare costs, and combat climate change. The law includes provisions to lower the cost of prescription drugs, extend subsidies for health insurance, and invest in renewable energy. The law is funded by a combination of tax increases and spending cuts.

Fiscal Policy

Fiscal policy is the use of government spending and taxation to influence the economy. Fiscal policy can be used to stimulate economic growth, reduce unemployment, or control inflation. Fiscal policy is often used in conjunction with monetary policy, which is the use of interest rates and other tools to influence the money supply.

Debt

Debt is a financial obligation that one party owes to another. Debt can be incurred by individuals, businesses, or governments. Debt can be used to finance investments, purchase goods and services, or cover expenses. However, debt can also lead to financial problems if it is not managed properly.