The authors of a new Council of Foreign Relations study on U.S. trade and investment policy states, “(T)he U.S. must, for the first time in its history, take serious measures to attract international investment …. (F)ederal, not just state-led, efforts to court foreign investors” are required for U.S. job creation. A. Card, T. Daschele, E. Alden and M. Slaughter, “A Pro-Trade Agenda for U.S. Jobs.” Wall Street Journal (September 17, 2011).They also recognize the great importance of multinationals in creating more jobs. The new study  is entitled “U.S. Trade and Investment Policy” (Council on Foreign Relations Report, Sept. 2011). Finally, proposals are being made that are really useful. Let’s see what happens.