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NAM on Outsourcing's Permanency |
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Written by Stumo
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Monday, 18 August 2008 |
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The National Association of Manufacturers has not been a friend to domestic manufacturing. Consider this comment in an article today speaking of a surge in U.S. food exports that is not accompanied by a surge in manufactured goods exports.
We have achieved a worldwide manufacturing base, and we are not going to shut down our factories overseas, said Franklin J. Vargo, vice president for international economics at the National Association of Manufacturers. But on the margin, we will shift a little bit of manufacturing back to the United States.
We see where NAM's priorities lie.
We can still produce food in this country, though long term
U.S. farmers are on the decline due to silly trade policies. Thus, with the change in the dollar, our food exports can increase again. But
manufacturing has been decimated here, and will take a while to come
back when we fix trade policy.
Josh Bivens provides a sobering perspective on food exports:
The historical data tell us clearly: dont get too used to commodity export booms; as any third world country will tell you, they tend to go away pretty quickly, said L. Josh Bivens, a trade expert at the labor-oriented Economic Policy Institute.
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In the news
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The following article was written by Peter Morici, a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.
The Treasury is injecting another $27 billion into AIG and raising the
taxpayers investment to $150 billon. Secretary Paulson appears more
intent on helping his pals on Wall Street than protecting taxpayer
interests.
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