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.
Tag Archives: Manufacturing
Free trade policies have unfortunately become the exception rather than the rule in the United States. Politicians from both parties now push them on the American people. They have become so standard that they now encounter little resistance in Washington, while Americans in the rest of the country reel from their devastating effects.
Many economists in the United States have turned their attention to the economies of East Asia for models of success – and with good reason. However, Germany is currently providing another paradigm for excellence, and the U.S. should take notice. Germany’s income is more evenly distributed than the vast disparity that exists in the U.S.
The United States is in need of great leadership. Many former American presidents and leaders implemented active industrial policy geared toward manufacturing at home, and this policy tended to work. There are inspiring examples of U.S. directorship on both sides of the aisle, and they go all the way back to the birth of our country. Since then, the most successful leaders we’ve had have made a point to protect American businesses first and foremost.