At what point do corporations moving offshore constitute a threat to national security?
It’s not a silly question: George Washington and Alexander Hamilton believed we needed to protect certain industries that were essential to our security-—iron and textiles. Reagan agreed, but said that Harley-Davidson could fail without impacting American security. I firmly believe if LOCKHEED had been failing in Reagan’s term, however, he would have approved a bailout of Lockheed.
Our normal policy under Reagan, for example, was to spread the submarine building contracts around to always maintain two builders (Newport News and Electric Boat), even if one wasn’t particularly competitive-—because we needed more than one to maintain competitive pressure on the other.
Trump supports this. And it’s wrong?
Professor, isn’t it also true that Lincoln wanted industry to be onshore so America would have both the money and the rails they were making? I have some kind of hazy remembrance of him making a much quoted statement to that effect.
At what point do corporations moving offshore constitute a threat to national security?
It’s not a silly question: George Washington and Alexander Hamilton believed we needed to protect certain industries that were essential to our security-—iron and textiles. Reagan agreed, but said that Harley-Davidson could fail without impacting American security. I firmly believe if LOCKHEED had been failing in Reagan’s term, however, he would have approved a bailout of Lockheed.
Our normal policy under Reagan, for example, was to spread the submarine building contracts around to always maintain two builders (Newport News and Electric Boat), even if one wasn’t particularly competitive-—because we needed more than one to maintain competitive pressure on the other.
Trump supports this. And it’s wrong?
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Good reminder LS...completely agree!
You need to send this to Rush...he’s clueless (and lazy) anymore!