“The real problem is an unrealistic understanding of the global economy we are in and will remain in. We cannot isolate ourselves to prosperity, no matter how many protectionist laws people like Gene can think up. This "road to disaster" was paved by people like Gene with incremental nicks in productivity (taxes, regulation) that have finally accumulated sufficient weight to drag us down. Business needs liberation, not a tighter straight jacket. No amount of "inspiration" will build a single factory or raise the wages of a single worker. Our government has rendered American-made goods non-competitive in the global market, and people like Gene want the government to cure what it's killed with more of the same medicine.”
Statements like this show a total lack of accepting reality.
The Notion that, “Business needs liberation” and that “Our Government has rendered American-made goods non-competitive” is a total refusal to accept reality.
Business will act in a way that enables them to produce the results they seek. Unbridled we got Enron and Tyco. The current Mortgage crisis is very much the result of Mortgage companies seeking profits and creating deceptive loans that have caused great harm to both millions of home owners and the financial markets.
The Trade policy that we adopted under Clinton and that Bush expanded have resulted in opening our markets up to the entire world while our products are subject to taxes as they enter foreign countries. We see China setting the value of their currency to make their products cheaper in the U.S. and our products MORE expensive in China. Our trade policy has helped the loss of American Jobs because we have lifted the restrictions on foreign goods but our products are not being treated the SAME way by other countries.
Our Government policy has helped companies at the expense of the American worker and our economic welfare. We are in a world economy but if we continue on the path we are on all the living wage jobs will be gone and How will our people be able to buy the goods and services they need with service jobs that pay $10 or less per hour? There is also a national security issue when we can not produce essential goods that are required to safe guard this country.
The President, Congress and the American People need to restore balance to what we buy. I am not saying we should not trade or but foreign made goods. We should have a balance that results in at least ½ of our purchases are from American Made Goods. Tax incentives to make the essentials in the U.S. Allowing companies to just seek higher and higher profits with no regard to the impact on this country can not be continued! We have allowed companies almost complete freedom and look what they have done with it!