NY Times opposes Buy American PDF Print E-mail
Written by Stumo   
Friday, 07 March 2008

The New York Times "economic experts" on the editorial board are defending the Air Force's decision to buy Airbus/Northrop Grumman refueling tankers and not Boeing's. 

They mock those concerned:

The Air Force’s selection of a European supplier over Boeing for its next generation of tanker aircraft has sparked a frenzy of predictable bipartisan complaints: How could the military outsource these patriotic jobs?

Their question sets up a straw man, avoiding engaging in the debate.  The question is national security, and who should benefit from spending our taxpayer money.  America does not have the capacity to ramp up defense production as in World War II.  Because we have outsourced our defense industry, along with other industries.

Now I am not defending Boeing, an unpatriotic outsourcer of high magnitude.  Boeing, like the U.S. auto industry, could have joined with us rational traders to make the U.S. trade laws work for America.  Boeing's has intentionally de-linked itself from U.S. interests, so the U.S. should have little loyalty in return.

But the point is this:  When you spend government money, let's benefit U.S. workers, farmers and businesses.  FDR's WPA program - which many hated - at least benefited U.S. citizens directly with very little leakage.  We give tax cuts for R&D, subsidize universities, invest in U.S. infrastructure and hope for economic returns. 

It is legitimate to minimize leakage overseas.  If we pay the bill, we should get the benefits.  This is just common sense.

Trackback(0)
Comments (0)add
Write comment

busy
 
< Prev   Next >

Related Articles

In the news

Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy.  Heft is the owner of Petrogen, Inc in Colorado Springs.

A few thoughts about manufacturing:

There is a great misunderstanding of the relationship- between money and wealth.  The beginning principles with which we can all agree are a few and simple noble truths:
 
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive:  food, clothing, shelter, ice cream & computers.  It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.

 


 

Read more...