Our nation loses 14 manufacturing plants per day and has lost over one-third of its manufacturing jobs over the last dozen years. The United States used to be a wealthy country, not one buried in debt. We accumulated abundance through most of the twentieth century, as we were a very productive country whose wealth derived to a great extent from manufacturing. Our companies invented and produced many of the things we needed and much of what the rest of the world needed.
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Democrats and Republicans are constantly swept up in debate regarding labels. Republicans generally argue for “free trade” while a few progressive democrats campaign for fair trade. In reality, all that American citizens are doing is getting caught up in a false ideological battle while ignoring actual issues. “Free trade” and “protectionist” fair trade are just labels: Americans should simply be focused on “trade” and what is best for our country. Is this not the policy every country should adopt?
Signs of America’s economic woes are all around us. This article focuses on the alarming consequences of our acceptance of unrestricted imports. Little of what American consumers buy is actually made by American-owned companies operating in the United States. As a result, the U.S. has become uncompetitive. We must be able to produce and save on our own before relying on foreign nations for aid.
The United States is at a crossroads where serious consideration must be given to what economic road we will go down. Will our leaders drag us down this business-as-usual route, replete with job losses, outsourcing, and sky-rocketing trade deficits? Or will we finally get a change of pace and begin to explore solutions for economic recovery and trade reform?