Clinton’s $10 Bil Manufacturing ‘Investment’ Is Just A Thinly Disguised Gift To Unions

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Investors Business Daily:

Industrial Policy: Hillary Clinton’s $10 billion “investment” plan for manufacturing didn’t get much attention. But it should, since it would be a disaster if she ever had the chance to act on it.

 

Clinton calls her plan “Make it in America,” but you will look in vain to find any part of it that would actually help manufacturing. There’s no talk of reforming corporate taxes, lifting the heavy burden of needless EPA regulations, or reducing the cost of hiring new workers.

 

Instead, she wants to get government more deeply involved in the industry — by punishing those that dare to move jobs or investment offshore, while rewarding those that do her bidding.

 

Clinton’s entire plan, it should be noted, is based on a false premise — that manufacturing needs saving by the federal government. It doesn’t. Manufacturing output is 87% higher today than it was in 1987, after inflation. These gains came, however, with 5 million fewer workers, thanks to advances in technology.

 

All those lost jobs aren’t going to magically reappear as a result of a new spending program, or by attacking firms that move jobs offshore.