I just read the news clip with respect to this year's registration for NPE [“NPE registration way down from 2000”]. I do not believe anyone should be surprised. For the last three years and more, I have witnessed the grand exodus of our manufacturing base to China. Some people think this is healthy competition. On the contrary, we are becoming dependent on a Communist country — one that hates our way of life — for our existence.
When our military computers and other electronic systems depend on Chinese-built products, not just components, the situation becomes extremely high-risk. How far are we going to go? Until China has so much of our manufacturing that they can shut this once-great nation down?
Many of those molders who are left in this country are wondering when their “loyal” customers are going to hightail it to China. Mexico? That is another subject. NAFTA was supposed to create somewhat of a common market. Good for all three countries. Yes some jobs went to Mexico, but look at the population of Mexico vs. China. We have given more jobs and technology to China than Mexico could ever dream of absorbing. I understand that the United States cannot possibly produce everything we consume, but we cannot continue to sell the nation and our security to the lowest bidder.
Is global competition good for this country? Yes, if the playing field is almost level. Will the new tax reduction help the economy? There may be an upward blip, but when the consumer spends this “new-found money” on imports, the net effect is negative. Will the new investment incentives to manufacturers help? Probably not, since most of the equipment will be imported.