Doh!!!!! Beyond stupid and tratorous!
Posted on 08/05/2015 9:59:38 AM PDT by 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.
(Excerpt) Read more at foxbusiness.com ...
Total and totally predictable BS. Those jobs left as a result of US government policy, i.e., bad trade deals made worse because US administrations have allowed decades of cheating by our trading partners.
These same clowns will describe our illegal immigration as a result of economic forces and the aspirations of people, but once again, our illegal alien problem and excessive legal immigration are both the result of government policy and many administrations who deliberately refused to enforce immigration law.
All these inexorable forces are not inexorable, but the result of US government policies. And the forces can be reversed by changes in US government policy.
For every Milton Friedman who knows his stuff, seems like there are a thousand Keynesian know nothings.
I had a prof who was a Keynesian know nothing and preached a theory called the "Phillips Curve" during the Carter years to explain why both inflation and unemployment would increase simultaneously and indefinitely.
The only solution was for us to accept a lower standard of living. If that sounds familiar, just google Carter's "Malaise" speech.
Not long after Reagan came to office, the Phillips Curve theory, as it was originally preached, mysteriously dropped into a "memory hole."
The AP article is BULL$HIT.
It CAN be done and much easier than anyone imagines.
Sarah Palin did, numerous times...But she was the only one...One would think (hope) that pro America Ted Cruz would get on that bandwagon...
*****
How about this for a good start for newly-elected President Trump: President Trump is able to use his excellent negotiating skills to bring back just 1/2 of the foreign jobs?
Maybe Trump's excellent negotiating skills will save him: For instance, suppose, on the one hand, President Trump cannot not keep his word, and he fails in his attempt in trying to bring 100% of the foreign jobs back to the United States?
But what if, on the other hand, President Trump could use his outstanding negotiating skills to bring just 1/2 of foreign jobs back to the United States.
To me that would be a good start and a great accomplishment for President Trump.
Also, foreign countries might be happy to receive at least 1/2 of the jobs, when there was a chance that President Trump might get mad enough to decide that he was going to work overtime to give foreign countries even less than 1/2 of the jobs he originally was willing to give them.
Foreign leaders might even come to think that they out-negotiated the Great Donald Trump at his own game, when in reality it was Trump who outfoxed the foreign leaders, because he never believed that he could bring all the jobs back to the United States as he had promised, in the first place.
Yes, if President Trump could use his excellent business negotiating skills to bring back at least 1/2 of foreign jobs to the United States, it would be a great accomplishment for new President Trump.
Palin is not running nor has she been a politician for a long time. she's a pundit and hardly made it one of her main points as Trump is. Palin comments on everything.
even if a politician starts talking now about China you know he's been insincere. where was he the last few decades?
What has Cruz talked about more repeatedly? what has Cruz done? voted for Obamatrade which is a Trojan horse for immigration http://redmillennial.com/2015/06/07/ted-cruzs-support-for-obamatrade-raises-eyebrows/
Trump has been talking against china for decades
That Chinese textile mill is highly automated and is taking advantage of tax incentives and lowere energy costs. Where a textile mill may have employed a thousand people 20 years ago, now it’ll employ maybe 50. Labor intensive manufacturing is gone for good.
>> For every Milton Friedman who knows his stuff, seems like there are a thousand Keynesian know nothings <<
Well, maybe, but the protectionists on FR and other Trumpistas aren’t usually Keynesians. Mostly they are just old-fashioned mercantilists.
Or would that just result in increased dividends and companies using the additional profits to buy their own stock and drive its prices up?
I’m a believer in “biflation”. You can’t get anything positive out of keynesian monetary manipulation because it breaks the second law of thermodynamics (that is, you are not adding any positive information to the system). But GDP= M*V, so you can EITHER get inflation through M or deflation through crashing V. So you get both, pushing on a balloon.
Part of the problem is that it’s a too fold move. First the manufacturing goes over there, then the people get replaced by automation. Even if, as actually has been already happening, we get the manufacturing back here it won’t be done by people.
Same thing happened during Japan's lost decade: deflation plus a reduction in V albeit for a different reason, namely fear of the future. The trouble is that the Keynesians were trying to paint this as a normal and everlasting situation. Thus the Phillips Curve theory and the Carter philosophy that everything would be fine if we all turned down the heat, put on sweaters and accepted a lower standard of living.
Said tactics did keep the Soviet Union running for 75 years before they finally collapsed, but it still wasn't permanent. Even more than the appeal of Reagan, it is also what got Carter thrown out of office back when we had a more informed electorate.
Doh!!!!! Beyond stupid and tratorous!
Exactly. I’m sure Nissan and Kia could build us tanks if they wanted to... but will they?
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