Part 1 of this essay outlined Obama’s current economic aspirations and the current, seemingly unrelated economic injustices America perpetrates in its dealings.
Liberty and Justice for All… Americans
And this is where I wanted to take this. For rapid supply-side economic investment to work, there needs to be people not only “demanding” your American-made exports, but people that can actually purchase them! Obama’s export plan is meant to boost America productivity while he travels all over the world, signing economic deals with other nations (as he mentioned the other night in his State of the Union address).
A President cannot create demand; countries can want our products as much as they want, but if, because of American protectionist economic policies, they do not have the resources to purchase these things, then we will only succeed in flooding the market with useless manufactured goods and therefore lowering the global cost of these goods, which will end up hurting America. Continue reading