We have been experiencing offshoring long before Obama arrived. His policies just threw fuel on a fire that was already burning.
Our trade competitors in Asia keep their home markets restricted to provide a guaranteed market for their own firms. They do this because they consider jobs a national interest.
In contrast our home market is wide open. And our rivals can and do target industries that they want to dominate. Coordination between industry and gov’t that is illegal here is routine for our competitors. Our firms, operating all on their own, are routinely put out of business. This was understood by the Reagan administration, which was one of the last to push back.
Thank you Pelham,
I see you “get it”. I just wish Rush would hammer it more often, and I REALLY wish Trump would get his message straightened out.
It frustrates me to hear Trump talk about how he’s going to impose a tariff on businesses that are already under the gun. It’s wrong and it’s misleading.
As for this going on going back to previous administrations — I completely agree. And Obama has taken that and — like everything else he’s done with the loosely worded legislation passed by cowardly Congresses — he has had his army of lawyers and regulators stretch the language to accommodate their Marxist/globalist objectives.
“In contrast our home market is wide open. And our rivals can and do target industries that they want to dominate. Coordination between industry and gov’t that is illegal here is routine for our competitors. Our firms, operating all on their own, are routinely put out of business. This was understood by the Reagan administration, which was one of the last to push back.”
You sure know your history, Pelham