Why wasn't the stimulus package spent on building factories and the import tax reinstated?

not you're being simplistic, rather there several problems implementing import tax , trying spend on @ moment. government has huge budget deficit already, largest in world, no obama-care, , besides isn't known manufacturing sector anyway. services account under 80% of gdp, while manufacturing accounts around 19%; says focuses more on tertiary sector manufacturing sector. in words, americans focus more on services industry: banking, hotels, tourism, on manufacturing products. means people in general, need start investing more in financial markets, hotels, on, rather spending on building factory produce goods more expensive produce in america, produce in, say, china. if these goods more expensive produce in america, more expensive chinese counterparts, , less people buy them. i'm trying america needs focus more on at, rather looking things isn't at.

far import tax concerned, if reinstate it, there problems american trade partners. mean if start taxing imports from, say, canada, canada won't , it'll tax back. means less canadians buying more expensive american goods. , there's whole issue world trade organisation not liking that.

basically, answer is, although might sound ridiculous, start getting bankers can trust, or put them under more of microscope.

wouldn't have been viable solution of our economic problems? give higher wages, make market competitive import tax, , people start buying american again.

being simplistic?

Politics & Government Politics Next