Thread: American Job Loss Is Permanent

American Job Loss Is Permanent


Paul Craig Roberts
Prisonplanet.com
Oct 28, 2010

Now that a few Democrats and the remnants of the AFL-CIO are waking up to the destructive impact of jobs offshoring on the US economy and millions of American lives, globalism’s advocates have resurrected Dartmouth economist Matthew Slaughter’s discredited finding of several years ago that jobs offshoring by US corporations increases employment and wages in the US.

At the time I exposed Slaughter’s mistakes, but economists dependent on corporate largess understood that it was more profitable to drink Slaughter’s Kool-Aid than to tell the truth. Recently the US Chamber of Commerce rolled out Slaughter’s false argument as a weapon against House Democrats Sandy Levin and Tim Ryan, and the Wall Street Journal had Bill Clinton’s Defense Secretary, William S. Cohen, regurgitate Slaughter’s claim on its op-ed page on October 12.

I sent a letter to the Wall Street Journal, but the editors were not interested in what a former associate editor and columnist for the paper and President Reagan’s Assistant Secretary of the Treasury for Economic Policy had to say. The facade of lies has to be maintained at all costs. There can be no questioning that globalism is good for us.

Cohen[Email him] told the Journal’s readers that “the fact is that for every job outsourced to Bangalore, nearly two jobs are created in Buffalo and other American cities.â€

related

Real Estate Debacle (2nd Wave)

http://www.alipac.us/ftopict-216532.html

it is permanent... you are looking at the new normal. The quicker you figure that out the better you will be

Everything going on now is just the economy trying to find the bottom and we still got a ways to go before we get there

Americans are up shit creek without a paddle; thanks to the last 4 presidents / Congresses and their shadow government

Originally Posted by AirborneSapper7

it is permanent... you are looking at the new normal. The quicker you figure that out the better you will be

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The quicker you figure out that over 20 million illegal aliens from Mexico are NEVER LEAVING and will bring three times that many of their relatives here in the next ten to fifteen years is what the NEW NORM is.