OBAMA'S SPEECH TO THE CHAMBER OF COMMERCE

President Obama made a great speech to the Chamber of Commerce today but he left out one important fact that apparently he considers impossible to do anything about. And that is the heavy imbalance between our imports and our exports. We are still importing far more than we export in terms of dollars. The reason is that manufactured goods made overseas are generally much cheaper than what we can manufacture here in the US for the same price. So what could we do? We could raise tariffs or tax imported goods so that there is a level playing field for US manufactures. Doing this would also encourage business people to build plants and hire people in the US to make products domestically. We know that we need jobs here so why can't we fix our trade policies to take care of this trade imbalance problem? The nay-sayers will try to scare us by saying, "Oh, import taxes and tariffs will start a trade war!" Well if it does, so be it! Businesses will eventually learn that they have to deal with it and re-adjust their business practices accordingly.