Why, then, have both businesses and politicians allowed this field to remain stranded? That’s what one American manufacturing company – Liberty Tabletop – asks in its new video (see below). A dramatic loss in U.S. manufacturing jobs to foreign companies is responsible for lower household income, the company says, along with lower profits and weaker markets for American companies.
Note this chart from the Economic Policy Institute, which shows a consistency in manufacturing jobs that mirrors the national economy until Bush came into office:
Remember, and as the chart above demonstrates, 2.8 million jobs – half a million more – were lost in Bush’s first term. President Obama has regained 800,000 manufacturing jobs since taking the office in 2009, but we’re still only at 12.3 million.
That’s why Liberty Tabletop, a member of the Alliance for American Manufacturing, produced this video. By expanding product manufacturing here, the door to economic growth and stability will re-open. And the first step toward that expansion (and growth and stability) is to buy American-made.
Here’s Liberty’s video: