There are five major things that must be done to bring back manufacturing, and one has already been started.
1. Already started is low energy costs, which requires the US to be more self-sufficient by having an "all of the above" energy policy. Fracking, an abundance of natural gas, and drill baby drill, has been a huge reason energy costs have been favorable.
2. Reduce taxes on corporations. Why would anyone want to manufacture products a country with the highest corporate taxes in the industrial word? It also would hurt to change the tax policy for overseas profits, and let the money (on a one-time basis) be re-patriated.
3. Reduce the amount of senseless regulations that just kill small businesses from starting, and growing. Re-visiting our environmental Nazi-style policies is a must.
4. Tort reform is a must. For example: When a person can sue gun manufacturers because a gun was used to kill somebody, the system is broken. Jury awards are ridiculous and not based on economic damage. Remember the idiot that was awarded $60m +/- when she spilled her hot coffee from McDonalds on her lap?
and lastly,
5. Tell the unions to take a flying leap. $40 an hour plus free medical benefits and pensions to turn bolts on an assembly line almost killed the car manufacturing industry. Other businesses also suffered by being blackmailed, gangster style, into horrible labor deals.
No.
I disagree. We have sent our industry to the world’s biggest communist nation.
The biggest single nation on Earth. And we are spending our very own assets, to enrich China and send manufacturing there.
It doesn’t work, the other way around. China does not send industries to America. It only absorbs them.
The GOP needs to stand up for America. Soon.
Now.