American Economic - Masthead Fighting For American Companies - Fighting for American Jobs United States Business and Industry Council
Current Trade Deficit:    
U.S. Business and Industry Council was founded by the U.S. Business and Industry Council Educational Foundation, a 501(c)3 not-for-profit research and educational organization dedicated to improving the American people's awareness of critical public policy issues in trade, taxation, education, health care, foreign relations, defense, and national security, among others. USBICEF is affiliated with the U.S. Business and Industry Council, a 501(c)6 non-profit business association.

The U.S. Business and Industry Council is a national organization of business owners and executives dedicated to making the U.S. domestic economy the world's leading engine of economic growth with the express purpose of bringing the highest possible standard of living to all of the American people. The USBIC Educational Foundation is its research arm. Only a robust national economy, balanced, innovative and dynamic, can provide the material base for an American people and society stable at home and secure in the world.

USBIC was founded in 1933 to represent the concerns of America's national manufacturing business community. Member companies are typically family-owned or privately held, and are often the major employers in their home communities and the mainstays of the local economy. This membership composition has given the USBIC an outlook on issues more rooted in mainstream America than other national business groups, which are dominated by giant multinational corporations with global agendas and dwindling national loyalties.

Because it does not represent only a single industry, USBIC has always based its policy positions on a national interest standard -- i.e., the positions that it takes must be good for the country and its citizens as a whole, both now and in terms of its future strength, rather than reflecting the narrow interests of a particular company, industry, or elite group of citizens. USBIC favors policies that create a dynamic, thriving economy bringing benefits to all segments of the American population.  We oppose over-taxation, over-regulation, and wasteful, duplicative government programs and spending, and believe solutions to the nation's problems should be sought first and foremost in the private sector. Taxes and regulations that retard productive activities, especially in the development of new domestic energy sources or the expansion of private businesses, are especially onerous and damaging to the economy.

Unlike many other business groups, USBIC is vitally concerned about the impact of globalization on American society and independence. The huge, unbroken string of trade deficits of the last forty years undermines the country's industrial base -- including its defense industries. It also reduces the job prospects of many Americans and diminishes the personal incomes of most Americans, and threatens the financial system as indebtedness to foreign corporations and governments mounts. The result is that the United States grows weaker as its vulnerabilities to overseas forces and events increase.

The so-called philosophy of globalization -- with its emphasis on multinational corporations and transnational organizations like the United Nations, the World Trade Organization, an International Criminal Court, and a host of entangling agreements -- threatens U.S. sovereignty, which is the only firm guarantee of American liberty, values, and standard of living. A strong economy and a strong defense go together, safeguarding the country and its people. USBIC is dedicated to keeping this connection in the forefront of American policy-making. If the United States is to maintain its pre-eminent position in the world, while continuing to prosper and advance traditional American values, it must adopt economic policies that focus on improving the productivity, capabilities, knowledge, and the wealth of all the people who reside in this country.

The United States must also act to advance its interests overseas; to maintain its access to resources and markets; to protect trade routes and allies; and to guard against aggression and adverse changes in the international balance of power. Building a strong national economy does not isolate America from the world, but on the contrary assures that America has the means to shape international events to its own advantage and deal with them on its own terms.

The USBIC Educational Foundation was founded in 1967 to be the research arm of USBIC and to educate both policy makers and the American public on issues of concern to USBIC member companies. To carry out this task in the area of international trade and globalization, USBIC Educational Foundation started this web site, with its particular emphasis on presenting the complete picture of US trade balances and exposing inaccurate web sites and analyses that present only the export side of the ledger, in August, 2014.