Quick Things To Bring Manufacturing Jobs Home

[Donnachaidh]

http://smirkingchimp.com/thread/dave-johnson/38204/quick-things-to-bring-manufacturing-jobs-home

Here is a fact about bipartisanship and civility in Washington: the Republicans in Congress will obstruct anything President Obama proposes to create jobs and help the economy, period. A bad economy helps them in the coming elections, and that is that. Deal with it. If you want to see results on jobs and economic growth you are going to have to get around a Republican House of Representatives intent on blocking jobs and growth. The President can and should "go big" and make dramatic proposals to Congress for job-creation. Doing so will draw contrasts so the public has a clear choice in the coming elections. Fortunately there are things the President can do right now, without the approval of Congress, that will have a big impact on job-creation now and in the future.

:snip:

China doesn't buy from us nearly as much as it sells to us and this has cost us dearly. China manipulates its currency to give Chinese-manufactured goods a competitive advantage in world markets. In effect this subsidizes their products so they have a cost advantage of as much as 30-40% coming out the gate, even before other competitive factors come into play. This has created huge imbalances not just with us but across the world.

The biggest thing the President could do right now is declare China to be a currency manipulator. Doing so enables the administration to impose sanctions, including tariffs, that would remove any cost advantage China gains from their manipulation. This would have an effect on reversing the loss of American jobs, factories and industries to Chinese imports, and would be supported by the public.

The President should officially declare China to be the currency manipulator that it is, and impose tariffs as a remedy. That takes care of China's advantage in US markets, and encourages other countries to take action, too.

More at the link --

[xchrom]

1. we declare our 'self interests' for armed conflict --

but can't do it for trade.

[End Of The Road]

2. I like it!

I'm at the point where I believe that the economy cannot recover until we reverse the outsourcing. Any stimulus package that either party might put forward is wasted until we bring the jobs and factories back to the U.S.

The only thing I had come up with was imposing a corporate tax structure that gives enormous advantages to companies that bring the jobs back and punishes those that don't. These proposed sanctions against China are a better idea.

But...DUH...how would we get that done when the corporations are running the show?

Back to square one.