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Title: Obama Now Blames The Internet For Job Losses
Source:
Real Clear Politics
URL Source: http://www.realclearpolitics.com/vi ... e_internet_for_job_losses.html
Published: Dec 6, 2011
Author: The Magic Negro
Post Date: 2011-12-06 16:23:37 by jwpegler
Keywords: None
Views: 19253
Comments: 55
"Layoffs too often became permanent, not part of the business cycle. And these changes didn't just affect blue collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs and the internet," President Obama said at a campaign event in Kansas.
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Begin Trace Mode for Comment # 37.
#10. To: jwpegler (#0)
(Edited)
I can't stand this globalist/communist...but the fact is, the stage was set way before he took office by another group of global/communist/traitors...Clinton and Gingrich, with all the "free trade" deals they FORCED down the throats of the American populace. Ross Perot was 100% correct. Businesses were forced to go off shore or shut their doors. The country with the highest standard of living was FORCED to compete with 3rd world communist dictatorships where the peasants are more than happy tho work for $25.00 per week. Now we get to send money, we don't have, to countries that are gay/lesbian/transsexual friendly. These globalists have hollowed out this once great country, they have bankrupted the people, they've stolen our wealth, shipped our jobs overseas, they've collapsed the real estate market and they are in the process of wiping out what is left of the middle class...and the American people still believe there's a difference in the republicans and the democrats. Ron Paul is THE ONLY man that's not in the pockets of these global communists.
Somewhere in the last 30 years we took a very wrong turn. Think about Wall Street's role in society. It's important, but very, very narrow. They provide money to established companies to expand their business. Wall Street doesn't provide money to start companies. That money comes from the founder's savings, his/her friends and family, angel investors and venture capital firms. Wall Street provides money to established companies. That's it. Yet, somehow in the last 30 years or so, Wall Street became the tail wagging the dog. The politicians started focusing on how to make the stock market and bond market happy, rather than focusing on how to spur technological innovation and job creation in America. America still innovates a lot -- more than any other country. But then we send the innovations overseas to be built elsewhere. I am for free trade. I am for the global economy. Americans are capable of competing with anyone anywhere. WE DON'T NEED LOW WAGES TO DO SO. We can out produce them with our productivity, based on our technological prowess. But our politicians have destroyed our competitive environment with their 78,000 page tax code and ever mounting regulations. That's the real problem.
Americans are capable of competing with anyone anywhere. WE DON'T NEED LOW WAGES TO DO SO. Oh it just so happens that we saw jobs and manufacturing move to third world countries AT THE SAME TIME we loosen restrictions on trade?
Read my entire response. The loss of jobs DID NOT correspond to free trade agreements. The loss of jobs were a result of idiot government tax and regulatory policies.
The loss of jobs were a result of idiot government tax and regulatory policies. If you look at a graph of the trade deficit, you will see that we only started run ning large deficits in the 1990's.
Nope, The U.S. started running constant trade deficits in 1976. The last time we had a trade surplus was 1975. They got really big very fast.
Yeah they became very large of all sudden in 1990's after the trade agreements. It also looks like it grew somewhat in the 1980's. Maybe that has something to do with all the new regulations and tax increases being enacted during Reagan. I don't know.
As I said, the last trade surplus we had was in 1975. Things never change overnight. One can't snap their fingers and redirect 300 million people in a $15 trillion economy overnight. The seed are sewn. It takes a while to build momentum. Then the situation become impossible. The seeds of our destruction were sewn 30 to 40 years ago. Now the situation is impossible.
#40. To: jwpegler (#37)
The seeds of our destruction were sewn 30 to 40 years ago. Now the situation is impossible. Yawn.. The deficit went up and down and then waaaay up soon after the trade agreements. Look at 1999. Also during this time more and more of our deficit was made up of companies moving to third world countries especially China.
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#12. To: freedomsnotfree (#10)
(Edited)
#14. To: jwpegler (#12)
I am for free trade. I am for the global economy.
#16. To: NewsJunky (#14)
Oh it just so happens that we saw jobs and manufacturing move to third world countries AT THE SAME TIME we loosen restrictions on trade?
#20. To: jwpegler (#16)
The loss of jobs DID NOT correspond to free trade agreements.
#24. To: NewsJunky (#20)
If you look at a graph of the trade deficit, you will see that we only started running large deficits in the 1990's.
#33. To: jwpegler (#24)
They got really big very fast.
#37. To: NewsJunky (#33)
Replies to Comment # 37. he seed are sewn. It takes a while to build momentum. Then the situation become impossible.
End Trace Mode for Comment # 37.
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