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President Obama says that reviving American manufacturing is the key to our economic recovery, but there are those in Congress who are saying “no” to a plan by the administration that would eliminate the “buy american” policy in federal contracts. A group of 69 lawmakers sent the President a letter urging him to reconsider the move. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss what exactly is the “buy American” policy and what is the impact of this move by the President.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: american manufacturing, buy american, congress, economic recovery, economy, federal contracts, financial advisor, fox news, money, policy, president obama, wealth manager