We could turn this around immediately.
100% across the board import tariffs.
Plenty of jobs would return to American overnight. Wake up people.
We’re doing it wrong.
Hammm, less than 2.5% growth. I seem to remember one guy who talked about generating growth by revising the tax system ... who was that fellow? Didn’t he talk about a 999 plan or something?
Hmmm, I guess we took him to the woodshed, though, a while back ... made too much sense for this country of utter morons, I guess.
You do realize that would mean destroying every U.S. business that exports (Agriculture, Chemicals, Machining, etc.) right? U.S. exports are not minuscule, we just import a lot of oil and consumer goods. In fact, our strongest industries are the very ones that would be destroyed by an inability to export. Tariffs are never one way.
Your 100% across the board tariff will destroy major U.S. industries in return for low scale production jobs.
Much of the consumer crap that is now sold would simply go away if it weren't so relatively cheap (indeed we don't need it), so there would be no job creation.
Government Motors would lover your tariff though.
We are doing it wrong and it has very little to do about where we buy anything from. It is more about how we used to do it here and the government got in the way by taxing and regulating business to the point they could not afford to modernize.
I do business with a few Americans who understand this simple fact and have made the decision to open new businesses based off modern manufacturing technologies. Most can deliver the same product of my design for less than I can now obtain it from China. The capital expenditure 100% depreciation write off will get us there along with scaling back all of the thousands of regulatory mess that keeps our businesses from competing.
So how does the new style compete with China? The offsets of labor against shipping. The raw materials are also on a worldwide speculation markets as is oil so it is not the cost of materials unless as they have shown time and again to do, substituted substandard materials to further drive down the cost.
Our own government, again, is in the way of our country prospering and as far as I’m concerned all but a few cab rot in hell. That few does not include my local representatives but Rubio is looking to gain access but has gone quiet for a while now.