Hillary’s answer is more government. She proposed a $10 billion investment in partnerships to encourage the growth of the U.S. manufacturing sector as part of a national push to discourage outsourcing in the industry. The proposal would work with a broader campaign to encourage companies to build and expand their U.S. manufacturing operations.
As in all government programs, conditions always are a part of the program. But these types of proposals never work. It is just this sort of program, that once adopted as a temporary program is still considered temporary 20 years later.
The correct solution to the downtrend in American manufacturing is to change what caused the problem in the first place. The government, through its high taxes and suffocating regulations has driven manufacturing jobs from the United States. We know this to be true because the jobs have gone to countries with lower taxes and far less and more reasonable regulations.
American manufacturing, along with the American economy can be revived very quickly if we lower taxes and adopt a much simpler tax code. We must eliminate regulations that are both meaningless and costly. If we really want to see a surge in manufacturing and our economy, balance our budget by reducing spending, eliminate the EPA, curb the powers of OSHA, get rid of Obamacare, and eliminate HHR. This is a good start.
Stop lights would have to be placed in harbors around the country to control all of the manufacturing flowing back to the United States. Centralized and highly regulated and highly taxed economies always struggle. It is that economy that is free to innovate and produce that flourishes.
We must have elected office holders that understand this simple but unfailing principle.