Retake millions of jobs from China? Unlikely: Trump's deal-making no match for economic forces

AP ^ | 8/5/2015 | AP

[GoneSalt]

Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.

Economists say he wouldn't stand a chance: Trump's boundless self-confidence is no match for the global economic forces that took those jobs away.

[GoneSalt]

Supposedly we can't manufacture our own products and take back these jobs.

"If America tried to block foreign-made products and make everything at home, prices would skyrocket and foreign countries would likely retaliate by blocking U.S. goods from their countries. 'You can't turn back the clock," Blinder says.'"

Yet China's doing it. Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King

Not to mention:

Shadowy Chinese Billionaire Behind $2 million dollar donation to Clinton Foundation

Curiouser and curiouser.

[Resolute Conservative]

I already boycott cheap Asian crap whenever possible.

[RayChuang88]

You want American jobs back? The answer is simple: drastic income tax reform to encourage savings and capital formation staying in the USA.

Whether by going to a simple flat tax or going even futher with the FairTax proposal, both plans would eliminate taxes on bank account interest, capital gains and stock dividend payments. And that would result in the next major economic boom in the USA.

[Vigilanteman]

Our company actually outsourced some work to Indonesia and ended up bringing it back because the cost savings wasn't work the wait and inflexibility. We are not alone.

Germany, as just one example, doesn't seem to have a problem with a hollowed out manufacturing sector even though they have some of the highest labour cost in the world. Ditto for Switzerland, Singapore and others. There are various reasons for that, none of which is impossible for us to emulate if we had the political will to do so.

[DaxtonBrown]

Economists say he wouldn’t stand a chance:
2007 Economists say there is no housing bubble
2008 Economists say THE ECONOMY WILL COME ROARING BACK WITH $TRILLIONS IN STIMULUS

[Vigilanteman]

. . . because the cost savings wasn't workth the wait . . .

Sorry!

[Paladin2]

Let’s bring the jobs back to Mexico.

[Vigilanteman]

Old joke: If you laid all the economists end to end, they still wouldn't reach a conclusion. But at least you'd have them out of the way.

And, yeah, it was my college major.

[HarleyLady27]

Just more ‘anti’ Trump b.s.

The people that are against Trump becoming the next POTUS are $hitting their panties because they know they can’t out con the man....

They will loose all their ‘freebies’ and this is MORE important than saving America as far as they are concerned...

[Sacajaweau]

We would love to buy “Made in America”. It’s the damn corporate tax!!

[driftdiver]

I’m sure the people invested in China will say that.

[Democrat_media]

Proves what I've been saying that ALL politicians are owned by big daddy donors, lobbyists and China:

http://www.wnd.com/2015/03/shadowy-chinese-billionaire-behind-2m-to-clinton-foundation/

Trump is the only one speaking out against China and illegals. Proves all politicians are owned by China or interests dependent on China.

All other politicians had never spoken against China. Oh now some may be trying to copy Trump. but they never did in the past proving they are owned by China

Look at the AP and media are also trying to make Trump quit

Funny that many on this forum are also trying to bash Trump: these are working for free for politicians who are all bought and paid for

The media, the establishment, politicians are against us Americans and against Trump. Trump is our only chance to save America and our livelihoods

[arthurus]

Cut or eliminate corporate and capital gains taxes; dissolve the EPA and all its regulations, and watch Industry flood back into America.

[buckalfa]

From the textile article:

"Politicians, from the county to the state to the federal government, have raced to ply Keer with grants and tax breaks to bring back manufacturing jobs once thought to be lost forever."

Perhaps the Chinese have learned that crony capitalism is greener on the other side of the fence.

[smoothsailing]

Economists say...

Good place to stop.

[DannyTN]

"If America tried to block foreign-made products and make everything at home, prices would skyrocket and foreign countries would likely retaliate by blocking U.S. goods from their countries. "You can't turn back the clock," Blinder says.

Trump doesn't plan to block them. He plans to tariff them. That way we don't have shortages before American industries can ramp up.

Other countries probably will retaliate. But our trade deficit is so high it won't matter. For example, in the first 6 months of 2015 we imported $227 Billion of Chinese goods, and only exported $56 billion to China. So their retaliation is just not going to matter that much.

But there's an even bigger problem for those who want to restore U.S. manufacturing employment (now 12.3 million) to its 1979 peak of 19.6 million: Technology has taken many of those jobs for good. Today's high-tech factories employ a fraction of the workers they used to. General Motors, for example, employed 600,000 in the 1970s. It has 216,000 now — and sells more cars than ever.

While that is true, there are very important reasons to recapture those industrial processes.

• We need those industrial processes in times of war. We should never become dependent on foreign countries for as much as we have. In 1812 Europe cut us off from manufacturing goods, causing Thomas Jefferson to change is views from thinking we need to be an agricultural economy and trade for manufacturing goods, to observing that a strong manufacturing base was essential to preserving a free state.
• To install robotics and become the masters of robotics, we need to have the manufacturing processes to work with. China despite it's cheap wages is moving forward with robotics.
• There are a lot of other jobs that move with the manufacturing processes( Research and Design, marketing, etc.).
• Letting China have those manufacturing processes strengthens China militarily. That's not a good idea.

[DouglasKC]

What defeatists.

[DungeonMaster]

jobs = zero sum game?

[Williams]

Wow, nothing good is possible. But poverty and racial strife are so easy.

[Chgogal]

Not one of these damned economists mention the ridiculous amount of Federal Regulations that make manufacturing a no no in the US.