When old man Walton died, so did America's factories, no more USA made. We don't even make litebulbs. The only part of "Free trade" that is free is we have let foreigners have our jobs for free.
Americans would never volunteer to buy a product that cost more cause it was made in USA.
Bad businesses should go out of business, whether it is banks, auto makers or dawgs hot dog stand. Should have let the bad banks go under last year.
Since we know that Americans will not buy a higher cost item if it is cheaper from China, need to make it equality. If you don't want to raise tariffs or tax foreign made items, close the ports. Sure you will quote all the reasons of why we can't, but two years from now, it is very possible of having 20% unemployment. And when the benefits run out, people will be cashing out their retirement accounts to live on. That should make the final tear to Dow 2000.
Another major problem is long ago we didn't want to pick our veggies, sure get the Mexicans to do it, Well they are doing a whole lot more, they are doing more than picking veggies. Plus they are costing all states incredible sums for health care and other drains on state governments, California laying off 20,000?
Many get paid in cash, good-bye taxes.
We need a way to rid of 15 million illegals, I don't know why we can't get prisoners to pick veggies, one more reason not to do a crime.
"Bluestreak" has it right, instead of rewarding those who have blundered there businesses into the ground, give companies outstanding loans and tax incentives to build factories that make good products and good jobs. Better to have folks get a job than them robbing you at gun point to feed their family or worse, stealing your computers at home at gun point. You might think it is funny now...
But whatever that is produced will still cost more than what China will charge, still comes back to equality of price. When does China start sending their $7,000 autos? We won't have a Big 3, we will have a Big Zero, like at Pearl Harbor - slaughtered by the Zeros.
I just pray what was the end of our last depression doesn't happen, but the writing is on the wall.