Patrick J. Buchanan Examines "The Slow Awakening of George W."

Washington Times ^ | 09-17-03 | Buchanan, Patrick J.

[Texas_Dawg]

Thrill me. Show me that one post

No thanks. Discussing economics with some simple-minded systems analyst like you (not that they all are dumb; just you) is really not worth the time. Come back when you work in economics or finance though and I'd be happy to explain to you why capitalism is better than protectionism.

[riri]

Shouldn't you be on a slow boat to Cuba about now. Spreading the word or whatever it is you do there?

[Texas_Dawg]

Both have accepted the concept of government intervention in the economy. They just differ on the details.

Of course. Tariffs are for "white" people; welfare and housing projects are for "minorities". Such silly people.

[RLK]

Manual labor jobs that can be done elsewhere will be done elsewhere in the new economy.

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Right. Jobs such as computer programing, engineering, semiconductor manufacturing, machine design and manufacture, are now lower class manual labor.

[truthkeeper]

Truly great post. I share many of your concerns. Thank you for articulating so well what so many others are thinking.

[Texas_Dawg]

Shouldn't you be on a slow boat to Cuba about now. Spreading the word or whatever it is you do there?

Not till next Spring. Thanks.

[Lazamataz]

"Thrill me. Show me that one post."

No thanks.

You misspelled "I'm sorry, Laz, I can't because I have had no college education whatsoever."

Hope that helps heaps.

[Texas_Dawg]

That still doesn't explain the impact on the economy when businesses do not invest domestically. Trickle-down doesn't work unless investment happens at home.

Do you really think that Indians and Americans are equally efficient? Americans aren't more competitive on any level that would cause the unemployment rate to decline once a cyclical correction is over? Do you think the stock market and economy should go up endlessly? (So do I. I live on Earth though, so I realize that doesn't happen.) Do you realize that 93.9% of the American work force is employed?

[Texas_Dawg]

That's funny. I thought you were the one who dropped out of school. You going to the UGA/LSU game this weekend?

[dogbyte12]

the company is funded by the epa and the doe and it has sec clearance. It has one working plant in philadelphia that processes sewage that's been open for two years. another plant in missouri w/$20 million funding from Conagra changes turkey entrails to oil.

The project looks very exciting. This is what I am talking about. A US company with patents, doing something both environmentally and economically sound.

The Conagra plant is going to process 200 tons of turkey carcass a day, and instead of dumping it, actually generate money from the "waste"

Very very cool. Al Gore would love it. George Bush's people love it. Absolute win win. If this technology matures, (and works like they say it does), we literally will end our reliance on foreign oil, reduce the price of oil, and basically clean up all our landfills, for a profit! Your garbage will actually be valuable. Companies might start bidding to pay you to take it away. Very very exciting stuff.

[jpl]

The more I think about it, the more I believe in retrospect that I should have become a lawyer. They seem to be one of the only groups in America for whom business is booming, and they don't face nearly the amount of legal and bureacratic hassle as doctors.

Is it possible to have a large national economy run entirely on everyone in the country suing someone else?

[Tokhtamish]

Dogbyte12, I agree completely.

You can always tell a bad neighborhood because it has lots of idle young men hanging out at all hours. Free trade fools who babbled about low skill jobs being "jobs America can afford to lose" never wondered about a society full of idle young men hanging out at all hours. How safe streets would be in such a future. And you are absolutely right. If young people with no college educations and no hope of a better future vote, they will vote themselves the goodies.

And this is leaving out the other end. The 50ish worker whose career has been outsourced/offshored. He knows that "retraining" to start at the bottom in something new is futile because employers frankly do not want a 50 year old intern/trainee. Don't you think he is going to vote himself a pension ?

The bottom line of globalism is a growing dispossessed population which will support redistributionist economics.

[RLK]

Save yourselves folks. This subject is important to you. Quit laughing it off.

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Many of the people who are taking over this forum are little more than the class clowns and disciplinary problems who come here for a laugh, or to provoke a laugh from each other. They couldn't care less about anything else.

[Lazamataz]

That's funny. I thought you were the one who dropped out of school.

I have double Baccalaurette degrees in Computers and Physics. Do you Chinese define that as "dropping out of school"?

You going to the UGA/LSU game this weekend?

Not all Americans like football.

[Spirited]

"Capital investment has been "flowing" to third-world countries at record levels since 1996. Capital investment is the whole point of "trickle-down" economics. If businesses do not spend their money domestically then new jobs/businesses are not created. Dawg argues that an increase in capital creates jobs, I say capital may be increasing but it's being reinvested overseas. So trickle-down is working, it's working for India and China. Reagan would not be happy." Bingo I am among the private investors who is figuring out that once even the US investor learns how to invest overseas money will flow out even faster. Why on earth should I be happy to invest in a corporation which is saving by paying some coolie $.10 an hour and still not paying the investor much of the "savings" or profit while the CEO and crew gets enough to support and house his newly elitist great, great grandchildren? The investor's well educated andcapable grandchildren cannot find work in the good old US and may need to move in with him while "making ends meet" on the floor sweeping circuit. How upright or honest is this? Whose and what kind of greed are we talking about here? I'd say what some here are calling greed belongs to the elitists whose view they represent.

[Lazamataz]

And by the way, you can judge a man's worth by what he does. I have never seen you write anything even REMOTELY scholarly EVER to ANYONE here. Not just to me, but to ANYONE here.

You have never set foot on a college campus. You may have seen commercials about them on TV, though.

[Willie Green]

Though the word "economy" is not in the Constitution, the public expects the president to be "manager of the economy." If a president has a hemorrhage of job losses "on his watch," whether responsible or not, voters may retire him quickly from office.

What's so special about inclusion of the specific word "economy"???
It is EXTREMELY clear in many Constitutional clauses that our Founders were well aware of Government's interaction with economic affairs. That's why they specificly empowered Congress with methods of economic intervention, with the expectation that those powers would be utilized to BENEFIT the American People, NOT to maliciously PLUNDER our Middle Class.

ARTICLE I, Section 8. The Congress shall have power to...
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;

There are many, MANY more examples.
So the Founders didn't use the specific word "economy". So what?

[dogbyte12]

Manufacturing jobs, semi skilled jobs are still bleeding twice as fast as the IT jobs. Before nobody cared, now people notice because the journalists hang out with higher paid workers.

Yes, those jobs are going, but what is happening is that these higher paid workers will start taking service jobs to fill the gaps, squeezing out the semi skilled laborers.

I still would love for a politician to explain what we are going to do with people who no matter what will be semi skilled, when technology, robotics will be able to do that labor cheaper.

These people aren't going anywhere. What will be done about it? Perhaps we should get Texas_Dawg the position to explain to 18 year old men, that the vagarities of the market has made them expendable, and that they should just suck it up. I will notify his family on the first day of work, of his unfortunate passing.

[lodwick]

Great homepage - thanks for the laugh.