I am not an expert on the economy or trade, imports or exports. I am an international banker, so I realize there is a tremendous amount of business out there.
I am an American that takes pride in “Made in America”. We make cars here, okay, that’s not enough. I know there are many products being made here, but many items that no longer are. Maybe American owned companies that moved to and operates from another country to lower labor cost and taxes are still manufacturing that shirt I once wore and may still, but with a made in Mexico tag.
The only balance of trade is an imbalance. Go in your closet, pull out your clothes and look at the tags, 90 to 95% have foreign tags. I pulled a shirt from Honduras, Sri Lanka, Italy, China, Mexico and a sweater from the U.S.A. Guess what folks, that sweater was as well made as any piece of clothing in my closet, if not better. None of those shirts had a style that said Italy, or China…….oh they’re made to look American to sell to Americans.
We lost too many manufacturing companies to other countries. I agree with Obama (don’t go into shock) on one thing companies must stay here to produce here. That is an obvious conclusion. The key, keeping them here providing good fair wages, lower taxes while producing a quality product. There is an export business, but most foreign nations are poor. Our companies need to produce here and sell here. Trade will continue to be imbalanced as long as countries like China and Japan are taking up most of the space on our shelves. You go into a Hobby Lobby, go around the store and find something made in the USA, good luck. The items on those shelves are overwhelmed by products with Made in China stamped on them. It is ridiculous.
I want to purchase goods made in America, by Americans. It isn’t easy, but it should be. Foreign companies sent their products here years ago and under priced American made products. Soon, those companies could not compete. Now, those foreign shirts and pants you buy aren’t so cheap. Pricing inched up because they could.
Trade agreements? Politicians are the absolute last people who should be negotiating trade agreements. They give away the store at our expense. They just want to make friends, keep them real happy……..peace! Think about it, politicians give out entitlements free of charge, with the welfare programs…….what do you think they do abroad, when no one is looking. They give China all the space to fill the shelves with their products in our stores.
Our own government created this trade imbalance which created loss of manufacturing, loss of jobs, and eventually a lower standard of living. Now, they want you to believe (Obama and the government) they want to fix it. Obama points the finger at us, we can do it! Well, as we have seen from the past we giveth and the government taketh away!
I want to be able to buy American, for whatever it is I desire! I don’t want a Japanese family here on vacation buying a Hillbilly pipe as a souvenir in Branson, Missouri that says Made in China.