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Has America lost its muscle?

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    Revitalizing manufacturing in the USA

  • Duration 3:15
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The United States used to be on the top of the world but now worshipping a lot of jobs to China but what if we could bring those jobs -- -- -- this morning is Richard doubt he is the chairman and CEO American Axle & Manufacturing it's 47 years experience in the auto industry and is the author of that book comes out today.

American drive how manufacturing can save our country.

Richard a real pleasure to have -- -- we're delighted to be here with you and your team well thank you very much it's great to have you.

What happened in the United States we get it would get a couple of graphics -- show you how manufacturing output in this country.

Over the last number of decades.

In 59 it was 20%.

2010 it was 13% then when you take a look at the number of manufacturing jobs in the country.

Seven.

And it looks like the Chinese -- the Mexicans are kicking our butts when it comes to manufacture.

Well when you stop and think retrospectively.

It all started developing in the sixties and early seventies and was exacerbated them by oil -- won in 1973.

And America as a society and especially our policies come -- Washington DC.

Have not been supportive of business and not been been supportive of what we have to do to be cost competitive.

We presently have well over -- 20%.

Disadvantage.

On cost structure.

Designed by policy.

Yeah OK Richard then how do we get the jobs back and in this country well -- first thing we do -- we attacked an issue like good American society always is done in the past.

And we take a look at tax reformation we take a look at energy we've taken get a full comprehensive manufacturing policy.

That should include trade.

As well as a regulatory things we're spending one point seven trillion dollars a year just in compliance with regulatory thing student it's pretty hard to be productive when you have loose cannon he -- getting.

Numbers sure you know to political operatives not surprising to see the -- the United States over in Ohio yesterday and he was -- talking about filing unfair and trade practices said charges against China when it comes to auto parts.

What he waited tell he had done fifty days left in the campaign before doing that.

Well it's one thing to do -- time is more important news substantive things and policy -- again we need a comprehensive manufacturing policy.

And we'd like to get in there and help because we want to put America back to work we want to invest in America -- putter.

People back to work.

And there's no place better do it win then we're America's extraordinarily good and gifted him in the engineering creative innovative things.

To produce things favorite things.

Rick and Richard you've been run and a big company from big companies for decades.

Between the two guys running for president you have somebody in mind who would.

Help bring the jobs back well I'm very very pro the ethic of what Mitt Romney is presently looking at doing.

Because I think he understands how the economy functions.

How jobs are created.

And you also been out there experience and experience is very important in the business world was a business guy like you are so I could see why you would have something in common with him.

A check -- the brand new book it's called American drive.

-- -- Thank you very much I can't say I'll have -- was to be with you -- -- -- thank you very much thank you so -- pleasure to have you here fly.

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