Why Should US Citizens’ Tax Dollars Be Diverted to Enriching the Manufacturing Base of Other Nations When Americans Need Jobs?
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But now, President Joe Biden is signaling his intent to combat offshoring of jobs and revive U.S. manufacturing. In a recent executive action, Biden took a fundamental first step toward halting the exodus of jobs, by requiring U.S. firms with government contracts to perform their work in the United States. In effect, Biden is simply calling for restoring the enforcement of the Buy American Act forcefully implemented by President Franklin Delano Roosevelt in the 1930s, which requires federal agencies to procure domestic materials and products whenever possible.
The logic is impeccable: Why should U.S. citizens’ tax dollars be diverted to enriching the manufacturing base of other nations when Americans need jobs? The impulse behind this, recounts commentator Thom Hartmann, extends all the way back to Alexander Hamilton’s 1791 plan to encourage manufacturing in the United States.
For example, President Bill Clinton, an ardent advocate of “free trade,” continued Reagan’s policy, and big federal contractors like IBM and Apple were permitted to relocate all of their computer production overseas to fulfill their deals with the government. Combined with Clinton’s North American Free Trade Agreement and the Normalization of Trade with China, Clinton’s pro-corporate policies contributed mightily to the drop in manufacturing from jobs plaguing the United States.
Essentially, the refusal to enforce the Buy American Act had also continued under Presidents George W. Bush, Barack Obama, and Donald Trump. At present, nearly half of the production contracts of the federal government are open to competition from foreign bidders.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction
February 11, 2021 at 7:59 AM #402524Cold Mountain TrailParticipant
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“Biden is simply calling for restoring the enforcement of the Buy American Act forcefully implemented by President Franklin Delano Roosevelt in the 1930s, which requires federal agencies to procure domestic materials and products whenever possible.”
–The bolded bit will be open to interpretation.
I think all governments should buy at home whenever possible, not just the US.
If the US hadn’t given away the store about 50 years ago so some rich people could get even richer, there would be more possibilities there.
But every country is doing the same thing, including China. So their rich people can get richer too.
February 11, 2021 at 8:02 AM #402525VoltairineParticipant
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What tax dollars? Rich don’t pay taxes cause they don’t have to, poor because they have no money. There’s only an ocean of debt and money printer going brrr to create more debt.
February 11, 2021 at 2:36 PM #402560salemcourtParticipant
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Big tech and other corporations supported Biden. He will push through a TPP under another name. It is surprising to me that he has not yet withdrawn the customs duty that Trump put on goods from China.
February 12, 2021 at 1:14 PM #402822ArtfromArkParticipant
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After all, Trump had given most of them what they wanted– big tax breaks, deregulation, easy access to the White House. Why would they support Biden over THAT?
“There’s a new spirit abroad in the land. The old days of ‘grab and greed’ are on their way out. We’re beginning to think of what we owe the other fellow, not just what we’re compelled to give him. The time’s coming… when we shan’t be able to fill our bellies in comfort while others go hungry, sleep in warm beds while others shiver in the cold.... And God willing, we’ll live to see that day…” Basil Rathbone,"Sherlock Holmes Faces Death" (Universal 1943)
February 12, 2021 at 6:52 PM #402897salemcourtParticipant
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All of the new Big Tech (Google, Twitter, Facebook, Amazon, ….), almost all MSM 9more than 95% of editorials that supported a candidate supported Trump. All TV channels (ABC, NBC, CBS, CNN, and MSNBC) other Fox supported Biden. More billioniares supported Trump that Biden.
February 11, 2021 at 3:42 PM #402579soryangParticipant
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Two other main factors are the tax incentives to outsource, by building factories overseas by so called foreign subsidiaries, whose profits aren’t taxed in the US. By virtually abandoning a progressive tax structure in the US on persons and corporations, the tax code otherwise encourages speculation and hoarding of capital rather than investment in capital infrastructure at home.
Then there is the neo-liberal scheme to outsource itself. Borders don’t matter in the search for the lowest wages possible and jurisdictions without effective environmental and safety regulations.
The neoliberal structure of US laws is essentially creating a neo-liberal order of multinational corporate fiefdoms around the world. Other observers have called it neo-imperialism.
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