Gingrich: Historic Support for American Manufacturing
Newt Gingrich, who as of late has been leading the pack of GOP contenders, was interviewed by Glenn Beck on economic issues. On the subject of manufacturing, Gingrich had this to say:
The idea of having economic incentives for manufacturing goes back to Alexander Hamilton’s first report of manufacturing which I believe was 1791. We have always had a bias in favor of investing in the future. We built the transcontinental railroads that way. The Erie Canal was built that way. We’ve always believed that having a strong infrastructure and having a strong energy system are net advantages because they’ve made us richer and more powerful than any country in the world. But what I object to is subsidizing things that don’t work and things that aren’t creating a better future.
Read the full interview here.