The report stresses that policy changes like a more competitive corporate tax code, increased funding for manufacturing-focused R&D and programs to train manufacturing workers, and increased efforts to fight unfair or illegal trade practices can stem the tide and help restore the U.S. manufacturing base.
We have a large trade deficit. We have a large budget deficit. If only our leaders were smart enough to figure out a way to solve both of those problems at the same time.
No, you're badly misunderstanding the thesis here. The idea of it is that increases in American labor productivity, due to more automation of manufacturing processes, rather than anybody working harder as such, led to losses in American jobs because it was possible to manufacture more goods in America with few workers.
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