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Trump's Nutty "America First" Economics

By   Follow Me on Twitter     Message Robert B. Reich       (Page 1 of 2 pages)     Permalink    (# of views)   No comments

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From Robert Reich Blog


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Donald Trump gave a speech Friday at South Carolina's Boeing facility, where the new 787 "Dreamliner" was unveiled. He said the plane was "built right here" in South Carolina, and that "our goal as a nation must be to rely less on imports and more on products made here in the U.S.A."

That's pure fantasy. I'll let you know why in a moment.

He also called for "a very substantial penalty to be paid when they fire their people and move to another country, make the product, and think that they are going to sell it back." And said he'll lower taxes and get rid of regulations that send our jobs to those other countries. "We want products made by our workers in our factories stamped by those four magnificent words, 'Made in the U.S.A.'"

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Trump doesn't seem to know anything about global competition, and what's really holding back American workers.

In fact, almost a third of Boeing's Dreamliner comes from abroad.

And not from low-wage countries. In fact, the Dreamliner's components come from countries with high taxes and high regulations, good wages, strong unions, excellent schools including technical education, and universally-available health care.

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For example:

1. The Italian firm Alenia Aeronautica makes the center fuselage.

2. French firm Messier-Dowty makes the aircraft's landing-gear system.

3. German firm Diehl Luftfahrt Elektronik supplies the main cabin lighting.

4. Swedish firm Saab Aerostructures manufactures the access doors.

5. Japanese company Jamco makes parts for the lavatories, flight deck interiors and galleys.

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6. French firm Thales makes its electrical power conversion system.

7. Thales selected GS Yuasa, a Japanese firm, in 2005 to supply it with the system's lithium-ion batteries.

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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