Page is a not externally linkable
LifeinAsia - 10:29 pm on Jan 14, 2010 (gmt 0)
I am not a big fan of subsidies. However, if it's a choice between using tax money for unemployment benefits or using that same money to subsidize companies to move manufacturing back onshore from offshore (*IF* that money is used to hire employees instead of bonuses for management) and pay those same people to work, then I *might* be in favor of some sort of subsidies.
Manufacturing in and of itself is not the answer if you're just going to manufacture stuff that people don't want to buy. (Hello- anyone in Detroit listening?!?) Paying people to work to make something that will never get bought is just pushing the problem further down the road.