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Obama is doing one thing right... punishing companies who outsource labor overseas

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If someone else can do the same quality job for cheaper, than it's not our comparative advantage.

This, Econ 101 type stuff. If we can't make shoe laces, but can make awesome software, then it is better to have shoelaces made in china and software made in the US than to have some programmers making shoelaces. Allocate resources to your strength, export your weaknesses.
 
Or...do what China does. Welcome with open arms the greedy corporations to set up manufacturing in your country. Play coy with them about access to the Chinese market someday, put tons of poor Chinese to work making things for indebted apathetic clueless Americans, copy the manufacturing techniques of said company and eventually the product itself, maintain tariffs on all imported goods to protect the industry you just created/copied/stole, and eventually pass the U.S. as a manufacturing superpower.

That about sum it up?

Seriously, I am an economic conservative, but open free-trade when no one else is playing along is just hurting us. We either need to start playing hardball ourselves (retaliatory tariffs where appropriate) or jawboning, or whatever to protect jobs or there won't be any left. I like choice and competition as much as the next guy, but do we need SO much choice if it's all crap made in slave labor countries that breaks constantly? Less stuff, higher quality, more American jobs. Even now, the truly best consumer goods cost as much as they would if there were less Walmarts in the world.
 
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