Investments won't help if jobs are lost due to trade.
President Obama is in Cleveland today, where he’s expected to announce nearly $500 million in new initiatives to boost American manufacturing, including a new manufacturing institute competition and funding for services to strengthen small manufacturers in 12 states.
But the Obama administration isn’t doing the one thing to ensure manufacturing jobs stay in Ohio and other states, said Alliance for American Manufacturing President Scott Paul:
“The president announced new investments to boost American manufacturing, and that’s important. But he refuses to get behind the one thing that would help boost Ohio manufacturing jobs right now – stopping currency manipulation by countries like Japan and China.
“Ohio lost 50,900 jobs in 2013 alone due to our trade deficit with Japan. The Trans-Pacific Partnership must include enforceable currency provisions to ensure we don’t trade away more jobs.”
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