[Calif Conservative]

>What errors has [Paul Craig Roberts] made that he should acknowledge? What economic principles does he lack an understanding of?<

Simple. An egregious Roberts error is he attempted to equate the ACTUAL effect of the manufacturing jobs that were created in 11-2005 with the POTENTIAL effect of future job cuts announced by auto manufacturers.

Roberts presumes that the economy is incapable of creating any future manufacturing jobs to offset the losses of a not-precisely known number of job cuts that have yet to occur.

It's a basic economic and logical error to compare something that already happened to events that have yet to happen, events that are only announced, and whose precise effects are not knowable at this point.

With that kind of flawed reasoning, it's no stretch to wonder what other flaws are less obvious.

-George

[Paul Ross]

Ah, you are aware of the already existing automotive manufacturing implosion at Delphi, not just the impending one at GM and Ford, aren't you?

Which begs the question about your views and MNJonnie's....who is making the more egregious "error"? Seems clear to me it isn't Roberts, at least so far as the economics of things.