Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats

OpEdNews Op Eds

Reviving And Strengthening U.S. Manufacturing

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; , Add Tags Add to My Group(s)

View Ratings | Rate It

Headlined to H4 6/21/12
Become a Fan
  (5 fans)

The administration has been unable to make a formal currency manipulation declaration. The Senate has passed legislation to address currency manipulation but it is stuck in the House, with over 60 Republican co-sponsors who won't sign a discharge petition, and a presidential candidate who says he will address the problem on his first day in office -- but won't ask his party to address it today.

Next, a national economic / industrial policy. Other countries see themselves as COUNTRIES, and have national policies. We do not. So we send our companies into the world alone to fight against countries. We need to say that WE as a country will work to put the components in place to secure a share of key industries like green manufacturing so that we can continue to make a living as a country.

We need to fix tax policy to promote manufacturing. We should eliminate tax incentives that encourage U.S. companies to ship jobs overseas and end the system of tax deferral that allows American multinational firms to keep profits offshore.

And finally, Buy American! Trade rules allow us to specify that our tax dollars be used to buy American, and it's just a no-brainer to strengthen this. If other countries reciprocate, fine -- but they don't!

One last point. To kick-start this effort, we need to invest in rebuilding and modernizing ourinfrastructure. In the plenary with Paul Krugman he pointed out that this really would be a free lunch. He said that we would not be diverting anyone from other jobs because we have millions of construction workers looking for jobs. We have construction equipment sitting idle. And we can finance the necessary projects at the lowest cost in history. And, of course, all of this work is work that needs to be done eventually, so we should do it right now.

And we should require that all of it be done under Buy American procurement policies!

This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture. I am a Fellow with CAF.

Next Page  1  |  2


Dave Johnson is Founder and principal author at Seeing the Forest. Dave is a frequent public speaker and talk-radio guest and a leading participant in the progressive blogging community. He does a regular weekly segment on the popular Fairness (more...)
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; , Add Tags

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Three Charts To Email To Your Right-Wing Brother-In-Law

Upcoming Trans-Pacific Partnership Looks Like Corporate Takeover

Actually, "the Rich" Don't "Create Jobs," We Do

Huge Rally Demands A Second Bill of Rights For Americans

The Hostage-Taking Just Keeps Coming - This Time The FAA Shuts Down

You Should Know About The "99% Spring"


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

I've been an entrepreneur for more than 25 years.&... by Toby Seiler on Thursday, Jun 21, 2012 at 7:49:45 PM
Informative article. I work for McGladrey and ther... by Manmohan Manu on Friday, Jun 22, 2012 at 5:02:18 AM