Quote:
Originally Posted by Illuminaughty
Oh Wimbledon, nice to see a post you made without some veiled insult.
Yeah the US is in a pickle with China, but continuing to go down this road of operating with a large and growing larger deficit isn't going to help the situation. Yes automation has changed manufacturing, but it was inevitable. That's why you need at least a two pronged solution of lowering taxes on business and some foreign tariff to level things out a bit. You can try to get tougher on China abusing trade regulations as well. This is a more proactive plan then maintaining the status quo and further selling out to the globalists multi-national corporations with TPP.
Ross Perot was right about NAFTA 20 years ago, simply continuing with these agreements isn't going to change the trend that we've witnessed. Encouraging the free market with minimal government intervention and making it easier for small businesses to compete, will help with innovation and job creation.
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Free markets with minimal government intervention will do sod all to compete with the third world, where labour will always be to low for the US to compete with, the German model is better, specialization in high profit highly technical products but that requires massive state intervention, healthcare, education (mandated apprenticeships) etc