HERE ARE SOME SOLUTIONS TO SOLVE THESE PROBLEMS
The following suggestions should be considered as part of a new plan to recover American industry and economic health:
- Appoint an economic czar, a major cabinet post, to develop policies that protect our economy from foreign predatory practices and to create conditions to make manufacturing competitive and profitable through government sponsored research, tax changes and subsidies.
- Develop an industrial research and development division (similar to government sponsored National Institute of Health (NIH) - in Medicine or the Manhattan Project in World War II or Japan's (MITI) Ministry of International Trade & Industry ) to focus on needs and development procedures for new and existing industries. Our country's future as we know it is at stake.
- Selective use of Tariffs for strategic and endangered industries to prevent their loss.
- Change tax structure for select industries that we can't afford to lose - steel, etc.
- Consider changing agreement with the W.T.O. or get out of W.T.O. - it usurps our sovereign rights and places unreasonable limitations on us.
- Much better control of our Balance of Trade Deficit.
- Analyze every international trade deal - does it benefit the U.S.A.?
- Curtail subsidies foreign owned companies receive from our State Governments.
- We should attempt to discourage technology transfer and outsourcing manufacturing if it causes us to lose industries.
- Prevent sale of strategic companies or institutions to foreign ownership.
- Faster depreciation on capital equipment investment - it will lessen the need to outsource manufacturing.
- Free trade has been a disaster. It must be replaced with intelligent trade that prevents foreign predatory practices and better serves our interests.
OTHER SUGGESTIONS AND THINGS TO CONSIDER
- We must strive to become competitive otherwise we must exist on imports with more debt, accompanied with high unemployment.
- It must pay to manufacture in America by American owned companies or we won't do it.
- American owned companies have lost their edge and on balance are not as productive as many other foreign companies We must learn to correct this.
- We are losing a major economics war; we are relinquishing management and control of our economy through effects of our Balance of Trade Deficit, outsourcing, subsidized insourcing and foreign tax benefits.
- We must think of the consequences of losing whole industries such as publishing, autos, movies, steel, electronics, clothing and how it impacts national security and living standards.
- Analyze and correct negative effects of WTO rules and decisions regarding their impact on our economy.
- Analyze and correct violations of WTO rules practiced by other countries to our detriment.
- Analyze and correct restrictions (specific and/or in practice) imposed by foreign governments on American exporting companies.
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