Pat,
As you can see from the St Louis Fed chart, manufacturing output in the US is at an all time high. Manufacturing employment is down because of increased worker productivity--a good thing. We do import more manufactured goods than earlier. Should we, as Biden and Trump do, insist (subsidize) making them here? We have full employment so that would not be possible without pulling workers away from what they now are doing. If the government must pay (subsidize) to get the private sector to build the factories here rather than buying the output about, it is because the current mix is more profitable, i.e. subsidizing production here is less efficient and thus will lower our over all income.
Of couse on the export side, part of our exports are fiscal debt (China and others help finance our debt). The needs to be reduced for several obvious reasons.
Warren Coats
1211 S Eads St. Apt. 2101
Arlington VA 22202
http://wcoats.blog/ http://works.bepress.com/warren_coats/ https://twitter.com/wcoats2
1211 S Eads St. Apt. 2101
Arlington VA 22202
http://wcoats.blog/ http://works.bepress.com/warren_coats/ https://twitter.com/wcoats2
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