Money is the only form of wealth? If we buy oil, we're not getting wealth in exchange for our money? If I buy a car, is wealth draining from me, or did I get something useful in exchange? Something I valued more than the money I spent on it?
The national debt has been skyrocketing due to government borrowing under Obama. I have no clue as to why you say it is not,
Excuse me? Where did I ever say the national debt hasn't skyrocketed under Obama? Or under Bush before him?
I don’t consider myself an economist, but the ones who do, they are the ones who say that the United States is being de-industralized.
Which ones say that? The ones who ignore the fact that we make 20% of all manufactured goods on the entire planet?
I just notice that, when I buy things, not very much of it is manufactured in the United States.
And that is your proof that we've de-industrialized?
The 93 million figure is counting the able-bodied workers from a certain age that comprise the LABOR POOL,
And when has 100% of our labor pool ever been employed? The BLS says we have almost 120 million employed in the private sector and almost 22 million employed by government. About 142 million total. If you think our unemployment rate is 93 million/(93 million + 142 million) or almost 40%, I'm going to have to criticize your math.
he got off into the perils of fiat money.
Based on his many huge errors here.....
Investors are exiting Singapore in droves right now based on its trade deficits. Though typically Singapore exports ample palm oil and coal, in recent months it has had large trade deficits, causing investors to flee, leading to funding problems for businesses and government alike.
I'm having a difficult time taking him at all seriously.
From USA Today - 8 years ago. (excerpt)
The decline has gotten worse.
Factory jobs: 3 million lost since 2000
Posted 4/20/2007
By Martin Crutsinger, AP Economics Writer
WASHINGTON — Three weeks ago, Dawn Zimmer became a statistic. Laid off from her job assembling trucks at Freightliner’s plant in Portland, Ore., she and 800 of her colleagues joined a long line of U.S. manufacturing workers who have lost jobs in recent years. A total of 3.2 million — one in six factory jobs — have disappeared since the start of 2000.
Many people believe those jobs will never come back.
“They are building a multimillion-dollar plant in Mexico and they are going to build the Freightliners down there. They came in and videotaped us at work so they could train the Mexican workers,” said Zimmer, 55, who had worked at Freightliner since 1994.
That’s the issue for American workers. Many of their jobs are moving overseas, to Mexico and China and elsewhere.