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Current Trade Deficit:    
Obama Manufacturing Plan Not Even Tokenism
Alan Tonelson
Thursday, February 14, 2013
Photo of Alan Tonelson
Proposed Obama manufacturing tax credit for helping communities regain manufacturing:
$6 billion

Planned Chinese state investments in strategic industries, 2010-2015:
$1.5 trillion


(Sources: “In N.C., Obama starts his policy campaign by pledging to shore up manufacturing,” by Scott Wilson, The Washington Post, February 14, 2013, http://www.washingtonpost.com/politics/obama-starts-his-policy-campaign-with-manufacturing-in-nc/2013/02/13/e939def2-75fc-11e2-aa12-e6cf1d31106b_story.html and “China Announces $1.5 Trillion Development Plan For Seven Strategic Emerging Industries,” by Gilbert B. Kaplan et al., King & Spalding, Washington Office, January 11, 2011, http://www.martindale.com/government-law/article_King-Spalding-LLP_1220082.htm)

Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).