Paul Craig Roberts has been writing that the loss of the manufacturing industry and its jobs is the elephant in the room that the Republicans have been ignoring at their own peril.
We could not dismantle American manufacturing the way that we have without doing serious damage to the American economy. The housing bubble and vast increases in personal debt hid the underlying rot for over a decade, but now it is making its presence felt.
Roberts is an economist who was one of the architects of the supply side revolution back when Jimmy Carter was still President. Roberts advised Kemp and the House Republicans who began writing the supply side policies that Reagan used as a basis of his program. Roberts has a history of being ahead of the curve on economic issues. And the issue of American jobs and manufacturing will prove to be one more instance of that.
A loon. Paul Craig Roberts is a paultard conspiracy truther nutcase. He's a favorite of the InfoWars crowd.
Americans have to compete in a globalized world. Period. Get used to it. It is also a GOOD thing for US consumers that we now have so many more choices and no longer are forced to buy, for example, crappy union automobiles from the Detroit big 3. Bloated, backward unions and progressive government is what makes it so hard for the United States to compete properly. This is why so many more jobs than need be fled the USA. We can grow our manufacturing base by diminishing the strength of unions, cutting corporate taxes, cutting regulations, etc, etc.