zerohedge.com / by Tyler Durden / Nov 26, 2016 6:25 PM
Donald Trump’s election triumph is among the more astonishing in history.
Yet if he wishes to become the father of a new “America First” majority party, he must make good on his solemn promise:
To end the trade deficits that have bled our country of scores of thousands of factories, and to create millions of manufacturing jobs in the USA.
Fail here, and those slim majorities in Michigan, Pennsylvania and Wisconsin disappear.
The president-elect takes credit for jawboning William Clay Ford to keep his Lincoln plant in Louisville. He is now jawboning Carrier air conditioning to stay in Indiana and not move to Mexico.
Good for him. But these are baby steps toward ending the $800 billion trade deficits in goods America runs annually, or bringing back factories and creating millions of new manufacturing jobs in the USA.
The NAFTA Republicans tell us the plants and jobs are never coming back, that we live in a globalized world, that production will now be done where it can be done cheapest — in Mexico, China, Asia.
Yet, on Nov. 8, Americans rejected this defeatism rooted in the tracts of 19th-century British scribblers and the ideology of 20th-century globalists like Woodrow Wilson and FDR.