Why Alexander Hamilton Deserved An Award For Economic Foresight...Manufacturing

Published: June 16, 2016, 2:57 a.m.

b'Leslie is joined by Scott N. Paul, President of the Alliance for American Manufacturing (AAM), a partnership established by some of America\\u2019s leading manufacturers and the United Steelworkers union.

They discuss the economic foresight shown by Alexander Hamilton, specifically in the area of manufacturing. Here is a sample from a piece Scott wrote about this very subject titled "And the Tony Award for Economic Foresight Goes to" (http://tinyurl.com/ho497pd)
- "The organization I\\u2019m honored to lead, the Alliance for American Manufacturing, advocates for strengthening American manufacturing through smart public policies. And that\\u2019s something that Alexander Hamilton understood right away, even before his service as our nation\\u2019s first Treasury Secretary.
During the Revolutionary War, both Hamilton and General George Washington bemoaned the challenges of the colonies\\u2019 limited capacity to make their own armaments. George Washington felt so strongly about encouraging industry in our new nation that he made a point of wearing a Made-in-Connecticut suit for his first presidential swearing in.
As Treasury Secretary, Hamilton was tasked with writing America\\u2019s first policy ideas to promote manufacturing, which he delivered to the Congress in December of 1791.
Hamilton\\u2019s vision included massive investment in our infrastructure and right-sized tariffs to ensure our industries could grow and export, our government could attract revenue, and that our manufacturers could still have access to imported raw materials. He saw the benefits of capital investments in industry."

Scott\'s Twitter handle is @ScottPaulAAM and the website for AAM is www.AmericanManufacturing.org.'