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August 24, 2010 7:45 AM EDT
NEW YORK, NY -- (MARKET WIRE) -- 08/24/10 -- Best-selling author Barr McClellan wants economists, politicians and business leaders to change their thinking and stop promoting the foreign outsourcing of American jobs. The economic theory that displaced American workers will find better paying service-oriented jobs after U.S.-based factories are closed has not proven true, and is clearly documented in McClellan's new book, "Made in the USA," from Hannover House, the book publishing division of Target Development Group, Inc. (PINKSHEETS: TDGI).
"Made in the USA" presents a common sense solution for America's jobless problem, the economy and the country's growing trade deficit. McClellan's challenge to consumers is to buy USA-made products, and encourage retailers to support "Made in the USA" items.
McClellan has issued a debate challenge to economists and academics to defend the results of the past 25 years of outsourcing philosophy against the real life conditions in America's communities that have suffered under this failed theory. McClellan is also challenging the major cable news networks to host an economic debate and draw attention to this philosophical battle that has cost millions of American jobs.
"I've heard that the definition of insanity is doing the same thing over and over and expecting different results," said Hannover House President Fred Shefte. "Only major corporations benefit from foreign outsourcing of jobs, so it's surprising to see that many economists ignore the local impact and the ripple effect on the American economy. Sending jobs overseas undermines our communities, our national sovereignty and our position as a world power. It's amazing to me that some in academia ignore the obvious," he concluded.
Barr McClellan is an independent businessman, an entrepreneur and an attorney. His 2004 release of "Blood, Money & Power: How L.B.J. Killed J.F.K." (Hannover House) went to the number one best-seller's position on Amazon.com. In issuing his debate challenge, McClellan released the following statement:
Improve the Economy and Provide Jobs
For twenty years now, America has endured academic theories that companies going overseas are good for employees and that deficits are the way to boost the economy. The past two down years show, once again, that these theories do not work. Huge sums of money have been given to stimulate the economy. The economy remains flat. By any measure of rational thinking, when what you are doing is proven again and again not to work, try something else. The time is now to get rid of ill-conceived policies and try what works.
In a recent interview, the benefit of supporting America by doing business with American companies was emphasized. Buy America has been a grass roots movement ever since textile companies started going overseas in the 1950s. Since 1990, the loss has only worsened. Manufacturing companies abandoned America, leaving local communities devastated and workers without jobs. "Made in the USA," my book on Americans and how we exported our future, calls for buying American goods and services.
Over the past month, interviews across the United States have shown a major interest in buying here. The questions have been what to buy and where to buy it. The answers are to shop in local communities, statewide, nationally and on the Net. The products are there. To get the economy going, we have to take the initiative and buy American. The powerful consumer economy needs a jump-start. Buying here will do the job, and provide jobs. There is a bonus. By getting America back on its feet and back to work, we also help the global economy.
The academic economists continue to praise trade deficits, to reject any idea of buying in America, and to accept job losses as creative destruction, not personal losses to workers, their families and their homes. St. Lawrence economist Steve Horowitz expressed these views as the follow-up guest to my recent interview on the Fox Business Channel. Horowitz had his facts all wrong, saying among other erroneous points, that there are no telephone operators left in America. Typical of academics who have never had to meet a payroll, he is remarkably uniformed about what is happening in the economy.
In fact, Americans lost almost one trillion dollars to foreign interests in the year before the current downturn. In other words, the trade deficit was a major cause of the current recession. The job loss has been horrendous, but Washington has done nothing that works. Horowitz says job losses are technical corrections. Take a look at the economy. There has been a huge loss to workers and their families. Along with Horowitz, Washington accepts this tragedy as necessary and okay.
After two years now, the economy needs correction more than ever. Trade deficits must be eliminated with balanced trade. We cannot afford another downturn. The trade deficit now approaches $600 billion, almost the same level we had just before the last one. We need open trade where other nations disclose their regulations for trade and eliminate their corruption by exposing their practices. We need a level playing field where we restrict trade with those nations restricting us or we lower the burden on American enterprise and compete directly with those nations. We need parity on the terms of trade. With full disclosure and fair competition, we get the business.
Washington also needs to support American enterprise. Instead, Washington proposes still more costs and regulations. Business cannot compete at a loss. Business cannot move forward under the threat of still more government burdens. Business will not invest in new initiatives when Washington is clearly anti-business.
Horowitz defends government at a time government has to be pulling back and helping business build the economy. He says keep things the way they are.
During the unending politics, too often behind closed doors, the economy goes nowhere, jobs are lost and families bear the burden. To bring these key economic issues to the public and to show the fallacies of continued government intervention, we have challenged Horowitz to a public debate. We have suggested this debate occur at the GOP Club on 53rd Street between Park and Lexington in New York City, on Friday, August 27 at 7pm. As of the press time for this release, Mr. Horowitz has not yet replied.
If Horowitz accepts this challenge, we see the debate as taking about forty minutes, with equal time for each speaker. Questions from the audience will be welcomed.
The heart of the problem remains. Government has failed to work with the economy -- with business enterprise -- to get it to work. Change is obviously needed. Washington needs to try something else but remains stuck in the muck. Free the American free enterprise system, eliminate the trade deficit by demanding open trade with our trading partners, insist on a level playing field and stand back. The world's hardest working, most productive, most competitive and most generous people will get the economy going.
Most important, freeing the economy means jobs, lots of jobs.
The American spirit will end the current malaise and do the job.
~ Barr McClellan, New York, NY, August 24, 2010
For more information, or to set-up an interview with Barr McClellan, contact:
ERIC PARKINSON
Hannover House
479-751-4500 / 818-481-5277
or email at: HannoverHouse@aol.com
www.HannoverHouse.com
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