Obama to break even on jobs in 2012? Probably!

[cgroupman]

Quote from Lucrum:

Congress!

No argument here As a fan of Stossel, how is he defending this?

Was actually listening to Don Imus on the way to work. He has Stossel on often. Speaking of instinct, Imus thought he meant when picking stocks, talking economy and all that. But, Stossel says he meant that it is human nature to think that a big trade deficit with China is bad for the economy. His reasoning was along the line of allowing he US consumer to save $$ on clothing and other goods. By his theory, he was saying that this would allow the average person to spend more money, thus stimulating economy. Sort of a 'trickle up' type of thing I guess.

Interesting to listen to, having a hard time buying it.


c

 

[cgroupman]

Quote from denner:

I know the question was directed at Lucrum...nonetheless, I agree wtih many of the points you've made and I've made these very same points a number of times in various threads. Technology has replaced millions of jobs, in addition to the wage/labor arbitrage, that this country will never be able to compete with. The real labor situation has been softened over the past decade or so with the record amount of public sector hiring (alas that trend is probably slowing or reversing as well)...

My big problem with the current administration is that it's just more bullshit statistical manipulation..absolutely no difference between Bush and that bobblehead labor secretary Elaine Chao (anybody remember her and the Baghdad Bob act?).

The cheerleaders of this kind of garbage are nothing more than partisan hacks who have no interest in moving this country forward...just a whole bunch more of delusional bullshit.

Yep, having been a long time market researcher, I have to agree about the number manipulation. Just common knowledge among traders. If my CPA had to 'adjust' numbers like the government does, I would get a new CPA.

But, to the point about technology. Those jobs will never return. The rest of the world is catching up in many other ways as well. We need to figure out a way to take control again, and I'm not sure buying cheap goods from overseas is the way to do it, as Mr. Stossel points out.


c