Americans must adopt a common-sense policy that encourages Americans to understand the high cost of cheap imports versus the long-term value of “Buying American”. No single shift in domestic economic behavior will have a greater and positive impact on the U.S. economy than buying more products “Made better in America”.
Buying American products doesn’t require an Act of Congress. It needs no special tax legislation or international trade pacts. It has no downside. But it will help slash unemployment…fast. It will also increase revenues, reduce annual budget deficits and help melt our growing national debt glacier without government regulations or tax increases.
To facilitate buying products made in America, the Economic Patriot Act: Reduces regulatory and tax burdens on small business; Provides tax incentives to U.S. multinational corporations to hire American citizens to work in America; and encourages corporate Boards and shareholders to recognize the value and profitability of creating and keeping jobs in America. It’s the only way America can survive in a global economy in which foreign countries are dedicated to eclipsing the Unites States.
As the world’s sole beacon of true Democracy, human rights, free market capitalism and fair trade, Americans must not allow that to happen.
The United States had $498B trade deficit in 2010. Imagine how much it would help revive our economy if we kept most of that money at home. While we must certainly discourage U.S. companies from shipping jobs offshore, American consumers must do their part by purchasing “Made in America” products and services when possible.
Americans should look for such products. We should support companies that keep jobs in America. We should demand that department stores and retailers stock such products. And price must not be the sole factor when making purchasing decisions in this era of Economic Patriotism.
While it’s acknowledged that many Americans are forced to adopt a price-conscious approach because of the high unemployment rate, at least 80% of us are still working and many can – and should – pay a bit more for U.S. made products. The two main benefits are getting high quality products and employing our neighbors or fellow citizens. The United States would add 100,000 NEW jobs if each American spent an extra $50/year on U.S. made products as encouraged by the Economic Patriot Act.
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