Lets see, we have an out of control horde of regulatory agencies costing private industry $10 Trillion a year and we have the highest corporate tax rates in the industrialized world. Both are major factors in driving corporations to more business friendly economies.
As a solution you propose driving those punishing policies to foreign producers, driving prices up for your fellow Americans. I’d prefer making the US competitive once again by a major reduction in regulations and a complete elimination of corporate taxes!
You can eliminate all regulations and taxes and you still can't compete against Communist Chinese labor at $2/day.
"we have the highest corporate tax rates in the industrialized world."
China has tax rates of 90%. Yet everything in Wal-mart is still made in China? Why? It is the wage differential. China's high tax rate actually helps keep their labor costs down.
We have a choice. We can employ Americans or we can employee Chinese. If we employ Americans, our neighbors will be richer and buy more from us. U.S. government revenues will be higher, and U.S. government outlays for unemployed will be lower.
If we buy Chinese, we get cheap prices, but don't expect that money to come back and buy other U.S. goods. The Chinese government keeps the profits and uses it only to buy U.S. debt or more manufacturing know how.