Comments on: The jobs answer that Jeremy Epstein – and the middle class – deserved http://blogs.reuters.com/david-rohde/2012/10/18/the-jobs-answer-that-jeremy-epstein-and-the-middle-class-deserved/ The Global Middle Tue, 18 Jun 2013 21:27:08 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: jcfl http://blogs.reuters.com/david-rohde/2012/10/18/the-jobs-answer-that-jeremy-epstein-and-the-middle-class-deserved/#comment-2196 jcfl Tue, 23 Oct 2012 19:31:35 +0000 http://blogs.reuters.com/david-rohde/?p=1273#comment-2196 the cbo should be viewed as one of just a handful of non-partisan entities. what they say can be taken as the best information out there. if indeed these job increases come true, and i suspect they will, then obama can and should take direct responsibility in them, since he and the democratic party's policies started this recovery in 2009 (in spite of the gop efforts to bog everything down since). the expected recovery is already in motion, regardless of what the gop believes in their faith based reality. the cbo should be viewed as one of just a handful of non-partisan entities. what they say can be taken as the best information out there. if indeed these job increases come true, and i suspect they will, then obama can and should take direct responsibility in them, since he and the democratic party’s policies started this recovery in 2009 (in spite of the gop efforts to bog everything down since). the expected recovery is already in motion, regardless of what the gop believes in their faith based reality.

]]> By: Pete_Murphy http://blogs.reuters.com/david-rohde/2012/10/18/the-jobs-answer-that-jeremy-epstein-and-the-middle-class-deserved/#comment-2179 Pete_Murphy Sun, 21 Oct 2012 14:48:58 +0000 http://blogs.reuters.com/david-rohde/?p=1273#comment-2179 It's impossible to resuscitate the manufacturing sector without addressing the economic force that is driving global trade imbalances - the inverse relationship between population density and per capita consumption. We have a massive trade deficit in manufactured goods because badly overpopulated nations like China, Japan, Germany, S. Korea and a host of others are utterly incapable of consuming anything close to what their bloated labor forces are capable of producing. When two nations attempt to trade freely with each other, the work of manufacturing is spread evenly across the combined labor force, but discrepancies in per capita consumption remain. The result is an inevitable trade deficit for the less densely populated nation (the U.S.) and a shift of manufacturing jobs to the more densely populated nation. There is no path back toward a balance of trade and a revival of manufacturing in the U.S. that doesn't begin with some mechanism - be it import quotas or tariffs - to reduce imports and make domestic manufacturing the only logical choice for manufacturers. Pete Murphy Author, "Five Short Blasts" It’s impossible to resuscitate the manufacturing sector without addressing the economic force that is driving global trade imbalances – the inverse relationship between population density and per capita consumption. We have a massive trade deficit in manufactured goods because badly overpopulated nations like China, Japan, Germany, S. Korea and a host of others are utterly incapable of consuming anything close to what their bloated labor forces are capable of producing.

When two nations attempt to trade freely with each other, the work of manufacturing is spread evenly across the combined labor force, but discrepancies in per capita consumption remain. The result is an inevitable trade deficit for the less densely populated nation (the U.S.) and a shift of manufacturing jobs to the more densely populated nation.

There is no path back toward a balance of trade and a revival of manufacturing in the U.S. that doesn’t begin with some mechanism – be it import quotas or tariffs – to reduce imports and make domestic manufacturing the only logical choice for manufacturers.

Pete Murphy
Author, “Five Short Blasts”

]]> By: stevedebi http://blogs.reuters.com/david-rohde/2012/10/18/the-jobs-answer-that-jeremy-epstein-and-the-middle-class-deserved/#comment-2173 stevedebi Fri, 19 Oct 2012 22:03:49 +0000 http://blogs.reuters.com/david-rohde/?p=1273#comment-2173 I think that projections of job gains with either party winning are nonsense. If the current administration is re-elected and it's policies continue, it will hobble any possible recovery. I also think that the current (lack of) foreign policy will come back to haunt any 2nd Obama administration. With Obamacare hitting full stride it 2014, the economy is going to tank. I think that projections of job gains with either party winning are nonsense. If the current administration is re-elected and it’s policies continue, it will hobble any possible recovery. I also think that the current (lack of) foreign policy will come back to haunt any 2nd Obama administration. With Obamacare hitting full stride it 2014, the economy is going to tank.

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