First 100 Days: Manufacturing a dream and a recovery

January 19, 2009

Scott_Paul– Scott Paul is executive director of the Alliance for American Manufacturing (AAM), a labor-management partnership of several leading U.S. manufacturers and the United Steelworkers. The views expressed are his own. —

Barack Obama knows the story of American manufacturing firsthand. He cut his political teeth as a community organizer on the South Side of Chicago in the shadow of shuttered steel mills, working to salvage hopes and dreams that had been crushed by the weight of layoffs and economic decline. As President, he can authoritatively recall America’s industrial heritage and decline, but more importantly, Obama can lead the nation to a renaissance in American manufacturing.

Manufacturing has boosted the American economy, jobs, and wages for generations dating back to World War II. Recently, it has fallen on very hard times. Nearly one in four manufacturing jobs has vanished since 2000, and 40,000 factories have closed since 1998. Last year, manufacturing accounted for nearly a third of all lost jobs in the U.S., while factory orders plummeted to record lows.

The health of manufacturing is important even for those who do not hold factory jobs. That is because manufacturing jobs pay better wages than other forms of employment—twenty percent above the U.S. average. Manufacturing jobs also have a stronger multiplier effect—supporting as many as five other jobs—thus contributing disproportionately to the economy. Manufacturers are large local taxpayers, supporting vital public services and schools in communities across the nation. American manufactured products tend to have a much smaller pollution footprint than Chinese products, and we are already deploying new technologies to compete in the clean energy economy of tomorrow. Finally, our national security depends on a strong defense industrial base to supply our troops and protect our interests.

If the creative destruction of capitalism and the arc of history were responsible for American manufacturing’s steep decline, there would be a legitimate debate about whether or not it is worth saving. But public policies have contributed tremendously to the predicament we now face; smarter public policies can get us on the path to recovery.

Wall Street’s woes and the collapse of the housing bubble bear some responsibility for manufacturing’s current condition. Credit markets and consumer demand have dried up, idling factories all over the nation. A substantial, strategic, and sustained economic stimulus package is needed for the overall health of the economy, as well as to boost manufacturing.

The stimulus should focus on investments in infrastructure such as mass transit, a smart energy grid, roads and bridges, which not only provide the greatest return on investment for American taxpayers by generating more jobs and economic growth than any type of tax cut, but will also make us more competitive in the long run. A sizable stimulus that includes a $148 billion annual new infrastructure investment can create up to 2.6 million jobs, including more than 252,000 in manufacturing. But manufacturing job gains are reduced by one-third unless all infrastructure materials are sourced domestically.

Dramatically reducing America’s trade deficit—which stood at a record $700 billion in 2007—will also boost manufacturing. American workers and companies often face global competition subsidized by governments, as well as violations of intellectual property, disregard of reasonable labor laws, and non-enforcement of environmental regulations. Governments such as China’s artificially lower the value of their currencies to gain a trade advantage. Simply enforcing domestic and international trade laws designed to ensure a level playing field, while ending subsidies and currency misalignment will boost our exports, reduce our trade deficit, and create jobs.

If Obama delivers on a manufacturing agenda, every American will benefit. He will also offer a new generation of Americans the same opportunity as their parents and grandparents had: to achieve the American Dream and join the ranks of the middle class.

94 comments

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I want to believe in what President Obama says.I really want to believe in something at long last that says we the people count…… not just as tax payers or just as voters but,” WE THE PEOPLE “.I want the working class to be hear and be respected ,not just for their working abilities but, for their voices and ideas as once was true.We as a people can bring back this nation to it’s former worth if we all count as a whole unit working together to make it happen. Greed and selfishness have destoryed this nation,lowering all our self-worth.Only working as a whole can we reshape the future for all.I really believe WE can do it!

talking about china,, they send us all kinds of great products.DOG FOOD ,LEAD toys,babys milk,tires,ect. when will this end.maybe we should inspect everything at our ports before they can be sold.Becuase they don’t care about anything but money….not even the health and safety of the consumer

Posted by dave | Report as abusive

it’s real simple… am I really so smart and everyone else so dumb.. ?? Britain, America, Taiwan, China, even Hong Kong… all became rich through their historical manufacturing times… when they made goods, exported them, and imported money back… Thirty years ago China had nothing….. NOTHING…. now it is our biggest creditor…. we depend on them to lend us money…the USA has now become a service industries country…. we cannot built wealth selling pizzas to each other…. simply cut the corporate tax rate to 25% and that’s all we need to do…. letting corporation make money… will truly trickle down to the people… all this stimulus crap… it is nonsense…. supporting manufacturing is the only way forward… CUT THE CORPORATE TAX RATE and watch us recover over the next ten years….. not rocket science. I am convinced we are led by a bunch of morons in this country…… sad times for a once great nation. How quickly times change…..

Posted by Simon Dawson | Report as abusive

The economic crisis is brought on by speculation in the dirivative security market, unregulated, based upon repackaged mortgages. They were based upon the notion that houses and land would always be worth more tomorrow than today, and that mortgage borrowers would always repay their loans, or else sell the house on to someone quickly at a profit, and that person would have a new mortgage.

Same think happened in the Panic of 1837….and the banks collapsed, and the government tried to restart stuff with massive infrastructure projects like railroals and canals. End results, huge government debt, massive inflation, and ten years to recover…but the government spending did NOTHING positive to recover the economy.

This recovery is put together as a stimulus purely by the uneducated members of congress, and the spin masters of the Democratic party pandering to its voter base.

It is going to be a total disaster.

Posted by rufus | Report as abusive

If you want manufacturing to return to the USA, stop the Unions from preventing our technology expertise from replacing people jobs, and employ robotics and just-in-time subassemblies to be manufactured virtually on site by the suppliers. See the Ford manufacturing plant in Brazil. Fantastic….and no union to prevent it from making better cars cheaper without strikes or loss of down time from human issues. We are not going to ever be able to compete manufacturing with cheaper labor countries with talented skilled labor, so we have to CHANGE and allow the corporations to use more productive methods.

Posted by rufus | Report as abusive

in order to turn our economic system around–and i am not to sure it’s a good idea–it is obvious that it does not work

we have no choice but to restrict all imports–yes i know the arguments for not doing it but, the reality we have to use our labor and our dollars here-makes no sense to export them, we are going to have massive amounts of unemployed people for a long time–and they will have to have income and hope that things are going to get better which I doubt–you need a paycheck that reflects an increase in wealth–throw as much money as it takes to recreate our steel industry and our clothing industry basid on products produced in our country

Posted by ilaboo | Report as abusive

We need to get back to being a nation of workers, rather than one of bureaucrats and lawyers.
And the unions need to get realistic about what the workers can afford. When ANYTHING gets priced beyond the competition, the business goes elsewhere. High pay and tremendous benefits mean squat when you can’t hold a job.

Posted by Lee Taylor | Report as abusive

Due primarily to trade imbalances, fully proven by our enormous ‘balance of trade deficits’, we’re not selling to the countries that we buy from, especially China and India.

Under current conditions, there is too much ‘leakage’ in our economy for our economic ship ever to be completely ‘bailed out’.

We talk so much about ‘energy independence’, especially as the prices of oil skyrocketed. That can happen again. It is not just oil – it is steel, computers, cell phones, clothing, computer software, automobiles (even those made here) …

Furthermore, our corporate leaders are selling out to foreign investors. Utility companies, chemicals, plastics, computers, electronics, … are all basically now controlled by those foreigners who are pocketing the profits rather than reinvesting here.

Reports have shown steep declines in corporate investment here in the United States, too. That investment was supposed to happen primarily because of the false notion that massive tax cuts would funnel back into the economy. Clearly, that ‘trickle down’ theory has failed one more time.

Our ‘stimulus’ funds will similarly end up in the banks of India and China and Saudi Arabia and…

… and we’ll end up going to them to beg for more funding of our burgeoning federal deficit.

Unfortunately, the onus rests with corporate America which is both reluctant to make goods here at much higher costs and to make investments in expansion here.

The ‘bailout’ funds are being improperly handled, too, especially indicated by the massive funding required to make a corporate behemoth out of the Pfizer merger with Wyeth. The banks got our tax dollars to feed their greed, not to extend more credit to the “Joe the plumbers” among us (Take that, John McCain!).

Are we going to be as economically dependent as we were in 1776?

Time and corporate proactive trend reversal will tell.

Posted by Bernard Campbell | Report as abusive

Bring manufacturing back! It is the backbone of creating wealth. A “service” economy, which is becoming more and more obvious to people living in the real world, is nothing but one parasite sucking life from another until they’re all dead. When are the “experts on the economy” going to grasp this reality?
Which countries are becoming more and more wealthy? Those which are manufacturing real products. A guy who is servicing something, like your furnace, although necessary, is not producing wealth; he/she is only taking money from your pocket.
Fire these “service economy” advocates who are blinded by their theories and will not grasp reality until their country is in ashes around their feet and they’re wondering why the grocery stores, hardwares, and other stores are sitting empty and they’re standing hungry and naked, and asking: “How did this happen?” Duh! Then, maybe they’ll get a clue!

Posted by S Barringer | Report as abusive

Do you know what an International Trade Deficit really is?

The International Trade number is either Positive number or Negative number.

If it is a positive number, this means America is exporting more American Produced Goods and Services than America Imports from the rest of the world. This is very good.

If it is a negative number, this means America is Importing more Produced Goods and Services from the rest of the world than America Exports. This is very bad.

In the Above table America is in last place NO. 188. That is very, very Bad.

188. United States $ -568,800,000,000 2008 EST.

This trade number has decreased a little because of the latest Economical down turn. This Trade Deficit number was $ -760 billion dollars just before the latest down turn.

America Imports more goods from the rest of the world than any other country in the whole world.

America may even Import more goods than all the other countries of the world combined.

That is why all the other countries of the world keep worrying about America turning to protectionist International Trade Polices.

Because they all know that is exactly what a politician would do if he cared about the financial health of his country.

I was Industrial Engineer for Rockwell International for 30 years. Dealing with Production Numbers is exactly what I have done all my life.
The American Politicians are Destroying America by sending all the good paying America jobs off shore.

America will soon be a third world country.

As you can see, America has the worse International Trade Deficit than any country in the entire world.

WE are in last place.

This is why America is leading the world into a world wide DEPRESSION.

Thanks to them Damn Stupid American Globalist Politicians.

READ IT and WEEP..

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The World Fact book

Rank Order – Current World Trade Account Balance

Rank, Country, Current account balance.

Date of Information: This page was last updated on 24 February, 2009

1
China $ 368,200,000,000 2008 est.
2
Germany $ 267,100,000,000 2008 est.
3
Japan $ 187,800,000,000 2008 est.
4
Saudi Arabia $ 141,000,000,000 2008 est.
5
Russia $ 97,600,000,000 2008 est.
6
Norway $ 84,350,000,000 2008 est.
7
Kuwait $ 65,210,000,000 2008 est.
8
Venezuela $ 48,440,000,000 2008 est.
9
Netherlands $ 47,000,000,000 2008 est.
10
Libya $ 43,330,000,000 2008 est.
11
Switzerland $ 40,810,000,000 2008 est.
12
United Arab Emirates $ 36,410,000,000 2008 est.
13
Algeria $ 35,800,000,000 2008 est.
14
Sweden $ 35,220,000,000 2008 est.
15
Singapore $ 32,120,000,000 2008 est.
16
Iran $ 27,470,000,000 2008 est.
17
Malaysia $ 27,440,000,000 2008 est.
18
Taiwan $ 23,950,000,000 2008 est.
19
Qatar $ 22,710,000,000 2008 est.
20
Hong Kong $ 22,440,000,000 2008 est.
21
Angola $ 21,010,000,000 2008 est.
22
Iraq $ 19,600,000,000 2008 est.
23
Azerbaijan $ 19,360,000,000 2008 est.
24
Canada $ 12,820,000,000 2008 est.
25
Oman $ 11,200,000,000 2008 est.
26
Austria $ 10,630,000,000 2008 est.
27
Finland $ 10,630,000,000 2008 est.
28
Nigeria $ 7,722,000,000 2008 est.
29
Brunei $ 7,101,000,000 2007 est.
30
Argentina $ 6,000,000,000 2008 est.
31
Uzbekistan $ 5,726,000,000 2008 est.
32
Trinidad and Tobago $ 5,721,000,000 2008 est.
33
Denmark $ 4,333,000,000 2008 est.
34
Belgium $ 3,972,000,000 2008 est.
35
Luxembourg $ 3,186,000,000 2008 est.
36
Turkmenistan $ 2,897,000,000 2008 est.
37
Philippines $ 2,687,000,000 2008 est.
38
Indonesia $ 2,485,000,000 2008 est.
39
Bahrain $ 2,269,000,000 2008 est.
40
Gabon $ 2,026,000,000 2008 est.
41
Ecuador $ 2,008,000,000 2008 est.
42
Israel $ 1,893,000,000 2008 est.
43
Equatorial Guinea $ 1,837,000,000 2008 est.
44
Bolivia $ 1,789,000,000 2008 est.
45
Botswana $ 1,611,000,000 2008 est.
46
Egypt $ 1,483,000,000 2008 est.
47
Timor-Leste $ 1,161,000,000 2007 est.
48
Burma $ 762,000,000 2008 est.
49
Lesotho $ 666,000,000 2008 est.
50
Chad $ 527,000,000 2008 est.
51
Papua New Guinea $ 438,000,000 2008 est.
52
Cote d’Ivoire $ 407,000,000 2008 est.
53
Congo, Republic of the $ 406,000,000 2008 est.
54
Cameroon $ 377,000,000 2008 est.
55
Kazakhstan $ 326,000,000 2008 est.
56
Namibia $ 326,000,000 2008 est.
57
Paraguay $ 178,000,000 2008 est.
58
British Virgin Islands $ 134,300,000 1999
59
Bhutan $ 116,000,000 2007 est.
60
Nepal $ 58,000,000 2007
61
Cook Islands $ 26,670,000 2005
62
Suriname $ 24,000,000 2007 est.
63
Palau $ 15,090,000 FY03/04
64
Comoros $ 8,000,000 2007 est.
65
Guinea-Bissau $ -6,000,000 2007 est.
66
Swaziland $ -10,000,000 2008 est.
67
Tuvalu $ -11,680,000 2003
68
Kiribati $ -21,000,000 2007 est.
69
Mongolia $ -23,000,000 2007 est.
70
Tonga $ -23,000,000 2007 est.
71
Samoa $ -24,000,000 2007 est.
72
Belize $ -32,000,000 2008 est.
73
Micronesia, Federated States of $ -34,300,000 FY05 est.
74
Laos $ -37,000,000 2008 est.
75
Anguilla $ -42,870,000 2003 est.
76
Bangladesh $ -55,000,000 2008 est.
77
Vanuatu $ -60,000,000 2007 est.
78
Sierra Leone $ -63,000,000 2007 est.
79
Sao Tome and Principe $ -71,000,000 2008 est.
80
Dominica $ -72,000,000 2007 est.
81
Central African Republic $ -77,000,000 2007 est.
82
Gambia, The $ -116,000,000 2008 est.
83
Burundi $ -120,000,000 2008 est.
84
Grenada $ -138,000,000 2007 est.
85
Solomon Islands $ -143,000,000 2007 est.
86
Saint Vincent and the Grenadines $ -149,000,000 2007 est.
87
Saint Kitts and Nevis $ -163,000,000 2007 est.
88
Cape Verde $ -167,000,000 2008 est.
89
Mauritania $ -184,000,000 2007 est.
90
Syria $ -192,000,000 2008 est.
91
Saint Lucia $ -199,000,000 2007 est.
92
Antigua and Barbuda $ -211,000,000 2007 est.
93
Djibouti $ -212,000,000 2007 est.
94
Guyana $ -220,000,000 2008 est.
95
Rwanda $ -220,000,000 2008 est.
96
Liberia $ -224,000,000 2007
97
Eritrea $ -247,000,000 2008 est.
98
Barbados $ -254,000,000 2007 est.
99
Seychelles $ -307,000,000 2008 est.
100
Niger $ -321,000,000 2007 est.
101
Cuba $ -330,000,000 2008 est.
102
Congo, Democratic Republic of the $ -402,000,000 2007 est.
103
Malawi $ -420,000,000 2008 est.
104
Togo $ -433,000,000 2008 est.
105
Mali $ -446,000,000 2007 est.
106
Maldives $ -472,000,000 2007
107
Zambia $ -478,000,000 2008 est.
108
Benin $ -485,000,000 2008 est.
109
Fiji $ -507,000,000 2007 est.
110
Guinea $ -535,000,000 2008 est.
111
Malta $ -538,000,000 2008 est.
112
Kyrgyzstan $ -574,000,000 2008 est.
113
Tajikistan $ -584,000,000 2008 est.
114
Zimbabwe $ -597,000,000 2008 est.
115
Haiti $ -664,000,000 2008 est.
116
Macedonia $ -740,000,000 2008 est.
117
Cambodia $ -869,000,000 2008 est.
118
Armenia $ -877,000,000 2008 est.
119
Moldova $ -903,000,000 2008 est.
120
Burkina Faso $ -908,000,000 2008 est.
121
Uganda $ -933,000,000 2008 est.
122
Sudan $ -952,000,000 2008 est.
123
Kosovo $ -964,000,000 2007
124
Mozambique $ -981,000,000 2008 est.
125
Mauritius $ -982,000,000 2008 est.
126
Tunisia $ -993,000,000 2008 est.
127
Uruguay $ -1,000,000,000 2008 est.
128
Thailand $ -1,064,000,000 2008 est.
129
Madagascar $ -1,088,000,000 2008 est.
130
El Salvador $ -1,222,000,000 2008 est.
131
Nicaragua $ -1,310,000,000 2008 est.
132
Bahamas, The $ -1,442,000,000 2007 est.
133
Chile $ -1,574,000,000 2008 est.
134
Ethiopia $ -1,609,000,000 2008 est.
135
Albania $ -1,639,000,000 2008 est.
136
Morocco $ -1,667,000,000 2008 est.
137
Ghana $ -1,807,000,000 2008 est.
138
Kenya $ -1,859,000,000 2008 est.
139
Sri Lanka $ -1,981,000,000 2008 est.
140
Honduras $ -2,047,000,000 2008 est.
141
Senegal $ -2,078,000,000 2008 est.
142
Yemen $ -2,175,000,000 2008 est.
143
Tanzania $ -2,275,000,000 2008 est.
144
Jamaica $ -2,448,000,000 2008 est.
145
Panama $ -2,536,000,000 2008 est.
146
Cyprus $ -2,609,000,000 2008 est.
147
Bosnia and Herzegovina $ -2,850,000,000 2008 est.
148
Estonia $ -3,037,000,000 2008 est.
149
Iceland $ -3,257,000,000 2008 est.
150
Guatemala $ -3,316,000,000 2008 est.
151
Georgia $ -3,334,000,000 2008 est.
152
Costa Rica $ -3,454,000,000 2008 est.
153
Peru $ -3,631,000,000 2008 est.
154
Slovenia $ -3,706,000,000 2008 est.
155
Belarus $ -3,832,000,000 2008 est.
156
Dominican Republic $ -4,230,000,000 2008 est.
157
Lebanon $ -4,344,000,000 2008 est.
158
Jordan $ -4,870,000,000 2008 est.
159
Latvia $ -5,126,000,000 2008 est.
160
Slovakia $ -5,359,000,000 2008 est.
161
Colombia $ -5,592,000,000 2008 est.
162
Croatia $ -6,156,000,000 2008 est.
163
Czech Republic $ -6,460,000,000 2008 est.
164
Lithuania $ -6,775,000,000 2008 est.
165
Serbia $ -6,889,000,000 2007 est.
166
Hungary $ -8,557,000,000 2008 est.
167
Ireland $ -8,621,000,000 2008 est.
168
New Zealand $ -9,047,000,000 2008 est.
169
Pakistan $ -10,570,000,000 2008 est.
170
Bulgaria $ -12,540,000,000 2008 est.
171
Vietnam $ -12,740,000,000 2008 est.
172
Mexico $ -13,450,000,000 2008 est.
173
Ukraine $ -14,220,000,000 2008 est.
174
Korea, South $ -19,880,000,000 2008 est.
175
South Africa $ -21,670,000,000 2008 est.
176
Portugal $ -23,970,000,000 2008 est.
177
Brazil $ -27,330,000,000 2008 est.
178
Romania $ -28,030,000,000 2008 est.
179
Poland $ -29,510,000,000 2008 est.
180
Greece $ -36,260,000,000 2008 est.
181
India $ -38,390,000,000 2008 est.
182
Australia $ -43,840,000,000 2008 est.
183
France $ -47,270,000,000 2008 est.
184
Turkey $ -51,680,000,000 2008 est.
185
Italy $ -68,820,000,000 2008 est.
186
United Kingdom $ -72,540,000,000 2008 est.
187
Spain $ -152,500,000,000 2008 est.
188
United States $ -568,800,000,000 2008 est.

Countries for which no information is available are not included in this list.

++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++

Why is the American Politicians Sending all of the highest paying jobs off shore to China when American workers have an unemployment rate approaching 10%.

Why does the American Politicians care more about giving all the high paying jobs to the Chinese workers than they do to American Workers?

The most Important Question is why we Americans elect those A-S-S H-O-L-E-S back in office.

We deserve exactly what we get.

We are our own children and grand-children lives up forever.

Thank you Grandpa..

Mar 04, 2009 @ 11:38 PM
Harry Dingey, Baguio City, Philippines

++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++

Do you know if American was to pull out of NAFTA and the WTO right now..

Do you know if America just stopped exporting everything to the rest of the world and just produced everything America now IMPORTS?

America would automatically Experience a net increase in newly created jobs to the tune of well over $760 Billion dollars of new jobs every year.

All these Stupid Globalist American Politicians tell us:

“Oh no American can not turn to protectionist because look at all the jobs America would lose from the reduction in the world buying all the American produced goods”.

That statement is hilarious.

The only Goods America has produced in the last 20 years is Political Horse S-H-I-T..

What Rock have all these Globalist American Politicians been living under for the last 20 years..haha

++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++

Posted by Harry Dingey | Report as abusive

Do you know if American was to pull out of NAFTA and the WTO right now..

Do you know if America just stopped exporting everything to the rest of the world and just produced everything America now IMPORTS?

America would automatically Experience a net increase in newly created jobs to the tune of well over $760 Billion dollars of new jobs every year.

All these Stupid Globalist American Politicians tell us:

“Oh no American can not turn to protectionist because look at all the jobs America would lose from the reduction in the world buying all the American produced goods”.

That statement is hilarious.

The only Goods America has produced in the last 20 years is Political Horse S-H-I-T..

What Rock have all these Globalist American Politicians been living under for the last 20 years..haha

Posted by Harry Dingey | Report as abusive

Manufacturing will return to America when trade is fair & the playing field is leveled. There aren’t enough Americans that will pay extra to buy products made by companies that must pay US minimum wages, meet EPA requirements, OSHA requirements, and all other US legal requirements. Most of these requirements have humanitarian value (or we would not have them). The answer? Apply tariffs to all products (and components of those products) that “correct” the cost of the product so that it would have the same price tag it would have if it were made in a country with the same legal requirements as US manufacturers must survive. By the same token, we should agree to have our exports subject to tariffs where our minimum wage is less than theirs, and where our pollution controls & safety standards do not measure up to those of the country to which we export. This proposed tariff system would truly level the playing field for all countries and competition could take place where it counts… in product quality, design, features, reliability, etc. Wouldn’t this make more sense than rewarding the countries with the worst standards? I think so. Would it add bureaucracy? Sure… some. Would it pay back a hundred fold? Absolutely.

Posted by Bill | Report as abusive

Obama doesn’t care about helping our economy recover. He just wants to take control of it. I think everyone could have gotten behind a sizeable stimulus of infrastructure projects, Republicans and Democrats. Our infrastructure is crumbling and what better time to repair it than when millions of manufacturing and construction jobs have been lost. Unfortunately feminist groups threw a fit because these “shovel ready” project jobs would have gone mainly to men. Instead they insisted that we focus on “social infrastructure” and spend more on education and health care where women work. Nevermind that these two industries have added jobs in this recession. Obama and Congress don’t care about helping the hard hit areas of our economy. They just want to give away money to their favorite interest groups who will donate to their reelection campaigns and solidify their power base.

Posted by David | Report as abusive

I CAN CREATE 15 MILLION JOBS ALMOST OVER NIGHT right here in America !!!

Here is my Job creation Computations:

++++++++++++++++++++++++++++++++++++++++ +++++++++
Total USA Imports in 2006:
———————————-
$ 2,211.7 billion —– Total Imports.
$ 309.4 billion less — (minus spent on Imported Crude Oil)
————————————————–
$ 1,902.3 billion / 30 billion=63.41 million jobs lost from Imports. ======================================== ==========

Total USA Exports in 2006:
———————————-
$ 1,451.7 Billion / 30 billion=48.39 million jobs America gained from Exports

If USA Pulls out of NAFTA and WTO right now:
USA would absolutely gain a total of 63.41 million Jobs by Manufacturing all IMPORTS right here in the USA.

So, 63.41 minus 48.39 = 15.02 million NET JOBS GAIN. But, a lot of Exports must be purchased in the USA. That would mean an even larger number of jobs created in America than I have estimated.

My calculation means an ABSOLUTE 15.02 million Jobs gained if the rest of the world did not buy even one penny of USA EXPORTS.

SO MOTE IT BE. . . . .

Do you truly want to help straighten out the United States Government now? Then, copy and post this article everyplace on the Internet you can post.

BY: Harry Dingey

Have a good day my friends.

Posted by Harry_Dingey | Report as abusive