Wednesday, August 5, 2015

Greed and Control Prevents Return of Jobs to US

Trump has the right idea here. Millions of jobs lost to foreign competitors could return if the backdrop of increasing regulations and higher taxation were reversed, not by cyclical market forces but rather human beings convinced that the self-interests of the few outweigh that of the masses. Investment and jobs will return to the United States, but only long after the current system crashes and burns.

Headline: Economists dump on Trump boast to bring jobs back from China

WASHINGTON (AP) -- Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.

Economists say he wouldn't stand a chance: Trump's boundless self-confidence is no match for the global economic forces that took those jobs away.



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