The gentleman raises an excellent point because those are not real exports. They are U-turn goods. The gentleman is right. They are industrial tourists. They do not really create real wealth. They are merely there to try to exploit cheap labor, and this is happening all over the world, and the American people know it intuitively because when they go shop, it does not matter what one buys, it is all made someplace else. In fact, trying to find something made in America is now an exception, rather than the rule; and that is draining out of our economy in a very invisible way to the ordinary person's experience the money that should be there for health benefits, the money that should be there for retirement benefits, the money that should be available in local regions to support the construction of schools, all these tax abatements that are being handed out left and right in all the 50 States to try to attract some of this investment that is moving to other locales around the world. They are not paying their fair share of property taxes and of taxes for education and all of the sudden education is being Federalized simply because local regions do not have the money to pay for the schools. There are lots of costs for what we are seeing; and one of the biggest costs is America's image abroad, and let me give one example.…
Marcy Kaptur: “The gentleman raises an excellent point because those are not real exports. They are U-turn goods. The gentleman is…”
Editor's note · Context
Addressing the impact of U-turn goods and the loss of American manufacturing jobs.
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