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Current Trade Deficit: - Presented by The Robert A. Stranahan Lectures
Alan Tonelson: Vast majority of gifts were not made in the USA
Thursday, December 20, 2012
Itís a heart-warming Christmas story worthy of Hollywood: According to numerous news reports, the nationís shoppers are abandoning their addiction to imported holiday gifts (especially those made by the repressive, corrupt, job-stealing Chinese) and boosting their own economy by Buying American once again.

And some polls indicate that more than wishful thinking is involved. A Boston Consulting Group survey reports that 93% of U.S. consumers say they would pay more for domestic goods in order to keep jobs at home, and that 80% believe that Buying American demonstrates patriotism.

The only fly in the ointment ó the biggest takeaway from the newest, most comprehensive data bearing on national shopping habits ó is not how much new Buying American has been taking place, but how little.

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