Our political leaders often deemphasize the downturn in American manufacturing by touting a focus on areas such as new, high tech manufacturing and alternative energy, but it appears China has the same goals and is taking targeted steps to meet them.
Tag Archives: Manufacturing
The United States joined the World Trade Organization (WTO) in the mid-1990s with the promise of increased prosperity, but the result has been quite the opposite. Our membership in the WTO has stripped us of jobs, as well as our ability to choose the best policies for our country. The WTO is the embodiment of the free trade principles that have failed our country again and again. We must rid ourselves of our obligation to this job-killing organization if we ever want to restore America’s economic greatness.
America has long since abandoned the tools that led to its golden era of production. Without a strong manufacturing base, the U.S. is now more vulnerable than at any time in its history. The facts speak for themselves. The U.S. has been forced to sell over 16,000 of our best companies in the past 30 years through the effects of our lopsided balance-of-trade deficit with our trading partners.
The longer the United States runs a trade deficit, the more damage we do to our country. Our massive trade deficit is sending hundreds of billions of American dollars overseas every year. Our “free trade” deals have put our manufacturers out of business, and they have made the American public reliant on foreign producers to meet their everyday needs. As we spend more money on foreign goods, there is less money available to be reinvested in American manufacturing.