As U.S. forces fought their way to victory during World War II, America demonstrated unprecedented manufacturing power at home. Our manufacturers quickly became one of our nation's greatest assets and represented what became known as the "Arsenal of Democracy."
Today, the Arsenal of Democracy is no longer what it once was. In fact, while serving as chairman of the House Armed Services Committee, I sent my team to locate more steel to protect our troops in Iraq against roadside bombs. They found one company left in the United States that could still make high-grade, armor plate steel.
The enticements and effects of a global, free market economy have exported the Arsenal of Democracy to countries around the world. U.S. corporations that once offered high-quality, high-paying jobs have either shifted their production overseas or closed their doors altogether due to the fact that they are incapable of maintaining their competitive edge.
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