America Built China from the ground up, IF America WANTED to it could out-perform China Very rapidly, but do we? It seems out leaders are hell-bent on pushing manufacturing overseas with odious regulations, taxation and allowing other countries to subsidize their industries while we let ours die on the vine (so to speak)
Disincentives is taxes, tarriffs (imposed by foreign governments) and no backing or support from our govt, strangling regulations that don't help either.
We cant go to sweatshops obviously, but pushing for a 15/hour minimum wage is insane and will kill what's left of the businesses we have. We need t o number one, remove some of these environmental regulations thats strangling the baseline industries, while also being careful to balance out the need to protect the environment, Logging is a renewable resource but it has been completely devastated by the environmentalists who want NO logging at all, all our particleboard comes from Canada, our Lumber is from Canada, I have no problems with Canada, but America needs its baseline industry to remain a viable sovereign nation, mining, lumber, transportation, energy, oil, coal, minerals, ALL under attack and squelched by Leftist groups hell-bent on their destruction.
U.S. manufacturing took a major beating under Carter a nd Clinton, so much so that its barely existing anymore. Under Trump it was reviving and returning, now... its doubtful it will recover if Biden keeps going the way he's been going.
Much of our problems with our economy stems from Government interference and intrusion where it shouldnt get its nose into, but still did anyways, at the detriment of this country.
The govt shouldnt be telling businesses what minimum wage they should set, the market balances that our naturally, but because the govt has been doing so for such a long time, if we let it go back to the natural balances of the market, a lot of financial hurt will happen before things straighten back out again (thats the problems that Government interferences do)
As its going with Biden, Oil prices is rising faster than the market can compensate, and that will drive inflation, which if unchecked will turn into hyper-inflation.
Transportation will be directly affected, which will be passed off to the consumers, and that along with high taxation will break the buying power of the consumer, such will have its own cascading effects which will bust our economy and instead of a 'recession' we may see a Depression, as Banks are currently on rocky ground in financial stability, this is a direct result of the govt not reigning in banks overdoing their loans, esp risky loans and the billions pumped into the banks not being tracked and followed to ensure that money goes where its supposed to to ensure financial stability and solvency.
Yeah, I'm all over the place... what can I say?
