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How to Restore America's Manufacturing Innovation -- we're published in this morning's American Thinker
Howard Richman, 7/10/2011

Here's how we begin:

The first presidential report to Congress on manufacturing, Alexander Hamilton's 1791 Report on Manufactures, was a classic; it shaped American industrial policy for 150 years. The latest report, the Report to the President on Ensuring American Leadership in Advanced Manufacturing published last month by the President's Council of Advisors on Science and Technology (PCAST), shares many similarities. Both reports recognize that manufacturing leads to economic strength and to innovations. Hamilton recommended tariffs; the latest report recommends new incarnations of President Reagan's successful SEMATECH consortium as well as a cut in the corporate income tax. Although it represents a step in the right direction, the new report does not go far enough.

To read it, go to: http://www.americanthinker.com/2011/07/how_to_restore_americas_manufacturing_innovation.html

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Comment by Bruce Bishop, 7/12/2011:

Gentlemen,

I was delighted to see that you have another article published in American Thinker.  It was the longest AT article I have ever read -- by far.

While all of the points you made in the piece are important, I would humbly suggest that you focus on one topic at a time until you have established a beachhead.

As to me, I am a fan of "Richmans' Trade and Taxes Blog," and will remain so for one reason:  your introduction (to me) of the concept of "balanced trade."  That, to me, is our only hope of saving U.S. manufacturing.  If that doesn't happen, the tax breaks and government funded research won't amount to a hill of beans.

Finally, the liberal/progressives in academia, in the media and in our government have created an environment that is increasingly hostile to manufacturing.  Our President has no intention of actually saving manufacturing jobs.  He is, however, very good at paying lip-service and blowing smoke.  If his liberal/progressive supporters thought for a minute that he actually intended to save manufacturing, they would be screaming bloody-murder.




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  • [An] extensive argument for balanced trade, and a program to achieve balanced trade is presented in Trading Away Our Future, by Raymond Richman, Howard Richman and Jesse Richman. “A minimum standard for ensuring that trade does benefit all is that trade should be relatively in balance.” [Balanced Trade entry]

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  • [Trading Away Our Future] Examines the costs and benefits of U.S. trade and tax policies. Discusses why trade deficits matter; root of the trade deficit; the “ostrich” and “eagles” attitudes; how to balance trade; taxation of capital gains; the real estate tax; the corporate income tax; solving the low savings problem; how to protect one’s assets; and a program for a strong America....

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  • In Trading Away Our Future   Richman ... advocates the immediate adoption of a set of public policy proposal designed to reduce the trade deficit and increase domestic savings.... the set of public policy proposals is a wake-up call... [February 17, 2009 review by T.H. Cate]