JohnStOnge wrote:Are our jobs being lost to other countries?
Yup.
Ooops! Sounds as though Trump is using facts.
I think many jobs that were once done in the United States are now done in other countries. However, Trump is not real good with the facts associated with that situation. For example, here are several articles about how he's really off a lot when he talks about China:
http://www.barrons.com/articles/trump-i ... 1447478085
Trump doesn’t let any of this get in the way of his story. His broadsides about “stupid” U.S. officials being bested by canny foreign governments drown out discussions of the facts. But as a light is pointed at his misinformed, reckless charges, how long can his campaign be carried by his xenophobic message?
In economics, there is lots of room for difference of opinion, and although Mr. Trump is entitled to his own opinion, he is not entitled to his own facts.
http://thefederalist.com/2016/01/20/alm ... -is-wrong/
There really is no sugarcoating it: almost everything that Donald Trump has proposed on U.S.-China trade—for example, during last Thursday night’s GOP debate, in a recent the New York Times interview, and on his website—is wrong.
It's not that there are no problems. It's that Trump lies about things to gin up passion. Either that or he just doesn't know what the hell is going on. Maybe both.
You've gone batshit crazy.
Read those articles again...with an open mind. And then realize who wrote those articles. Look for the fear factor...and try to understand why fear, and misinformation, was used repeatedly.
Hint: the folks who wrote those articles are writing from an investment perspective. BIG DOLLAR INVESTMENT PERSPECTIVE.
They don't give a crap about jobs for the average American.
And their numbers are fudged.
China, for years, manipulated their currency. They still do (even the article admits that). Heck, we do (quantitative easing ring a bell?). Everyone does.
What is different in the last decade, and what the author isn't telling you, is that the big US banks got involved in China...as did big investment funds. China was the new land of opportunity for US banks and brokerage houses to manipulate money. But...they suddenly, within the past couple years, started pulling out. Why? Oh, some pesky banking regulation changes.
You should look a LOT more into that before you start to spout on about the Chinese economy, the valuation of the currencies, investments, and other such ideas that the authors mention.
What is left? China is in a tug of war with international investment machines. Yeah, recently the Chinese have been trying to prop up their currency...but not for the reason everyone thinks. They will go right back to their old tricks if they can survive the international attempt to disrupt the Chinese economy. And they will be even more dangerous as they have built up their middle class and their companies are able to sell more stuff to their own 1 billion customers.
As for another fun part of both articles...the authors pick some unusual dates from which to draw conclusions about comparing the currencies of our two countries. Anyone remember what happened in 2008? Duh.
Anyone know what is happened since in the world?
C'mon, those authors are talking from a global perspective that links directly to the 1%...not the average US worker.
Oh, that reminds me...JOBS. Nice of the author to blame the loss of US jobs to robots. Cute. But, that is another manipulation of numbers. We are producing a lot of goods...more than ever.
Check. But, the world, and the US, is consuming FAR more goods than the ratio of lost jobs to robots, so that argument doesn't hold water. We have lost jobs overseas (and overland) due to stupid decisions by our government. Businesses use fear to say they will move elsewhere...and hold our government(s), local, regional, and national, hostage. I've posted before about the ridiculous dealings BOA had with the idiots in several state governments. Sad, and funny. Time to stop that crap.
Last two things...
1) The author talks about how a trade war would hurt the peeps who buy cheap imported stuff more than it would hurt the wealthy folks.
Yeah, let's lose our jobs, but use welfare to purchase cheap crap (crap that keeps breaking and needs to be replaced due to the economy (and who benefits most from the, "economy") needing the US citizen to be consumers. Planned obsolescence is, indeed, planned...and for a reason.
No, what would be best for Americans is what would be best for any other country: make good deals so that more of your people are gaining wealth.
2) In relation to #1, trade deals are not made with the average US citizen in mind. Hello. They are made to benefit corporations and their investors. While the average American has struggled, the 1% have gobbled up an unbelievable percentage of any of the new growth of wealth in this country. That isn't by accident. And, the authors of the two articles you provided are trying to keep it that way.
