How to Rebuild American Manufacturing to Create Jobs and Prosperity
OVERVIEW The U. S. trade deficit has been in the red since 1975. There is no historical record of any other country running 42 years of consecutive trade deficits. Why is this important? Because every billion dollars of net import costs 4,500 American jobs according to conservative estimates. So last year’s $502 billion deficit equates to 2.25 million jobs lost. The annual trade deficit has reduced our U. S. GDP by approximately 3% to 5.5% each year, and those reductions compound over time. We lost nearly 6 million manufacturing jobs from the year 2000 to 2010, and have regained less than 700,000. Eliminating the trade deficit over time is the goal of fair trade. Eliminating the trade deficit will re-industrialize our country, enable massive job creation, grow our wealth and effectively neutralize foreign mercantilism. Michele will discuss how we can eliminate the trade deficit and rebuild American manufacturing. existing trade agreements WHY SHOULD YOU ATTEND The U. S...