Tag Archives: Manufacturing
There was a time when we protected our nation and had an economic plan. Because of this plan we became one of the strongest nations on the earth. Much has changed and if we do not work for our best interest we will lose what little is left of our economic strength. Our downfall has not been mere chance—it has been a result of an economic war China has waged on the U.S.
The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
For most Americans the economy has not gotten better. A survey from the Federal reserve reports that fewer than one-third of Americans believe they are better off financially than they were five years ago, with a lack of household savings and large debt burdens holding back large segments of the economy.
An active industrial policy geared toward recovering our manufacturing capability can work and has worked before. There are many examples of this from U.S. history, championed by both sides of the aisle. In fact, tariffs effectively built the wealth of this country and have been a very valuable tool for managing growth for the better part of 200 years.