America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances in clothing even food. This year America may become for the first time in its history a net food importer.
The development of the food industry for both domestic and export markets relies on a regulatory framework that both protects the consumer and assures fair trading practices in food.
I think we have lost our groove as a country. One of the reasons was the attack on 9/11. We got knocked off our game. From a country that always exported hope we went into the business of exporting fear.
In principle there are only three main components of spending that much matter to monetary policy: consumer spending business investment and exports and trade.
We can choose a future where we export more products and outsource fewer jobs. After a decade that was defined by what we bought and borrowed we're getting back to basics and doing what America has always done best: We're making things again.
Worse there cannot be a better I believe there may be by giving energy to the capital and skill of the country to produce exports by increasing which alone can we flatter ourselves with the prospect of finding employment for that part of our population now unemployed.