http://www.bloomberg.com/apps/news?pid=20601087&sid=aiQ7e1ts_VBo A President should not be discussing the possibility or hidden threat of protectionism.... A President should have the wit to think outside the box....and not strictly have the narrow "lawyer-legal" focus.... Inputs To Prices.... Materials Labor Legal Largesse Taxes Manufacturing is a matter of materials and labor.... Legal largesse and taxes are mere add ons to the prices of all output products....tangible, non tangible.... http://en.wikipedia.org/wiki/Tax_rates_around_the_world ......................................................................................... The US is in a position whereby the govt. must assist in helping to lower product prices.....such that there is no need to perform manufacturing in other countries because of lower costs....the end result being higher tax revenues....than the current highly flawed system....which has proven many times over....it does not work....simply view the recent progress of the US.... The US must allow other countries to enjoy the benefits and advantages of lower cost US products.... Otherwise....manufacturing will stay diminished in the US as will its economy. ........................................................................................ The unemployment rate of young people is over 30% and will climb to 50% if action is not taken.... To force this group into makeshift or military employment is not acceptable.... ................................................................................... The solution is simple.... A 10% C tax State, 5% C tax.....All revenues controlled by State,....not Fed mandates.... Absolutely no other taxes.... Secondly....legal reform and $ awards have to be mostly eliminated....There is "risk" in this world....and it is never going away because lawyers want to drive mercedes while their mothers watch them.... A failsafe govt. medical plan will be at the election of each state, as will the treatment of medical legal ease in all medical aspects.... ................................................................. Another basic need would be a direct access....worldwide securities exchange....that is nongameable....no internal matching, black pools, or any form of electronic gaming.... The technology is available and is simply a time stamping label changer whose domain is the internet....whereby the costs of changing electronic labels should be almost nonexistent.... This exchange will be the innovation life-line of the world....which will be directly responsible for better wealth distribution by merit....