The Magic Wand Economy. - Page 4

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  1. #1
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    Default The Magic Wand Economy.

    President Obama reacted to candidate Trumps pledge to bring manufacturing jobs back to the US with:

    “Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it," Obama said.
    "He just says, 'Well, I’m going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.”
    http://thehill.com/blogs/blog-briefi...nd-do-you-have

    President Obama attempted to bring those jobs back and mostly failed as the records indicate:
    Manufacturing employment was 12,258,000 in October 2016, according to the most recent estimates from the U.S. Bureau of Labor Statistics. That’s down 303,000 from the number employed in January 2009, the same month that Obama was sworn in as president.
    https://www.factcheck.org/2016/12/ob...acturing-jobs/

    In fact, the CEO of Apple told him manufacturing jobs were not coming back when Obama made a personal plea to him:

    But as Steve Jobs of Apple spoke, Obama interrupted with an inquiry of his own: What would it take to make iPhones in the United States? Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

    Why can’t that work come home? Obama asked.

    Jobs’ reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
    http://www.heraldtribune.com/news/20...ing-back-to-us
    The other 'experts' President Obama relied on all sand the same chorus:
    KRUGMAN: No matter what Trump does, manufacturing jobs are not coming back to the US
    http://www.businessinsider.com/krugm...-trump-2016-11
    Manufacturing Jobs Aren't Coming Back, No Matter Who's President
    https://www.npr.org/sections/money/2...whos-president

    A plea to presidential candidates: Stop talking about bringing manufacturing jobs back from China. In fact, talk a lot less about manufacturing, period.
    https://fivethirtyeight.com/features...r-coming-back/

    But along came President Trump and his magic wand:
    196,000 Manufacturing Jobs Added in 2017
    https://www.cnsnews.com/news/article...facturing-2017

    And, to add to the embarrassment:
    Apple creates 2,000 jobs shifting production back to US
    https://www.theguardian.com/technolo...newable-energy

    Of course, progressives are never embarrassed. They move from one failed prediction to the next.

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  4. #46
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    Quote Originally Posted by ImRightYoureWrong View Post
    Party first drones
    How many Republicans have you voted for?

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  6. #47

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    Quote Originally Posted by mot1man View Post
    How many Republicans have you voted for?
    I voted Obama in 2008. Johnson 2012. Didn't vote in 2016 because of choices, but would have voted Kasich if he won the nom. How about you?

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  8. #48
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    Quote Originally Posted by peek-a-boo View Post
    You've got it backwards. The private sector creates products to sell and shops them around hoping there will be a market for those products. Whether that customer is the U.S government, a foreign government, a business, a private citizen, etc. is no matter.

    Thus if Apple creates a computer, resulting in demand for their product, they will add jobs in order to keep up with the hoped for demand. Apple created those jobs. Any contractors supplying parts will create jobs as well.

    Whether it is the government who contracts for 1,000 computers, whether it is Boeing who contracts for 1,000 computers or whether it is me who contracts for a single computer - none of us is the job creator. The government didn't create any jobs with their order; Boeing didn't create any jobs with their order and neither did I. If Apple needs to hire some more workers to keep up with the demand, it is Apple who is creating the jobs with their product. It is not the Government and it certainly isn't the President of the United States.

    A President can, however, create a favorable or an unfavorable environment for business and thus affect private sector job creation. In that regard, Obama's dismal economy provides a prime example of what tepid economic growth looks like. Heavy burdensome regulations, etc.. Trump's economic successes provide a prime example of what high economic growth looks like. Removing heavy burdensome regulations, dramatically lowering corporate taxes and providing incentive for repatriating overseas money.

    Sorry demand creates jobs, just because you make something doesn't mean people will want to buy it. Govt demand creates jobs.
    Religion has caused more misery to all of mankind in every stage of human history than any other single idea.

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    Quote Originally Posted by peek-a-boo View Post
    It should be a simple matter for you to point to a single job that Obama created.
    The stimulus created at least one job despite republican screaming to the contrary.

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    Quote Originally Posted by peek-a-boo View Post
    So exactly what did Obama do to create those jobs, given that Government doesn't create jobs?
    - Stimulus
    - Auto bailout
    - Cash for clunkers.
    - Passage of the ACA boosted the insurance industry creating jobs
    - The ACA also made the consumer spending base healthier, and lowered out of pocket payouts - so that money could go into other segments of the economy

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  14. #51

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    I don't know about you guys, but if I owned a factory in a foreign land and paid my employees pennies on the dollar I'm not moving it back here and lose money. Anybody here think that is a sound business decision?

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    Quote Originally Posted by Mobulis View Post
    Sorry demand creates jobs, just because you make something doesn't mean people will want to buy it. Govt demand creates jobs.
    How much of a demand was there for smart phones?
    Kindle? Alexa? An app to turn on your fan and lights?
    There are strategies to create demand.

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    Quote Originally Posted by CaughtInTheMiddle View Post
    I don't know about you guys, but if I owned a factory in a foreign land and paid my employees pennies on the dollar I'm not moving it back here and lose money. Anybody here think that is a sound business decision?
    So you would give up selling to 300 million well paid consumers because you want a cheap product?
    How many people that you pay pennies on the dollar are able to buy your product?

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  20. #54

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    Quote Originally Posted by fava View Post
    So you would give up selling to 300 million well paid consumers because you want a cheap product?
    How many people that you pay pennies on the dollar are able to buy your product?
    You are not making sense. Today companies like apple sell to 300 millions in the USA while manufacturing in China with cheap labor. So Apple isn't giving anything up today. However if they move a large portion of their manufacturing to the US and it drives the cost of their already premium products up..you can bet more people around the world will unable to afford an iPhone.

    "How many people that you pay pennies on the dollar are able to buy your phones?" Apparently a lot

    http://fortune.com/2017/10/30/apple-china-iphone-sales/

    "The tech giant’s iPhone sales in China for the third quarter hit 11 million units, up from 8 million units sold during the third quarter of 2016, according to researcher Canalys. Better yet for Apple, it was the first time in six quarters that the company registered higher year-over-year iPhone sales. It’s also Apple’s best iPhone sales performance in China in two years."

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  22. #55

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    Quote Originally Posted by fava View Post
    So you would give up selling to 300 million well paid consumers because you want a cheap product?
    How many people that you pay pennies on the dollar are able to buy your product?
    What's does that even mean? I'd sell to everybody. It's why companies moved factories to the South years ago. Cheap labor. Still sell your products.

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  24. #56

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    Quote Originally Posted by Purpngold View Post
    You are not making sense. Today companies like apple sell to 300 millions in the USA while manufacturing in China with cheap labor. So Apple isn't giving anything up today. However if they move a large portion of their manufacturing to the US and it drives the cost of their already premium products up..you can bet more people around the world will unable to afford an iPhone.

    "How many people that you pay pennies on the dollar are able to buy your phones?" Apparently a lot

    http://fortune.com/2017/10/30/apple-china-iphone-sales/

    "The tech giant’s iPhone sales in China for the third quarter hit 11 million units, up from 8 million units sold during the third quarter of 2016, according to researcher Canalys. Better yet for Apple, it was the first time in six quarters that the company registered higher year-over-year iPhone sales. It’s also Apple’s best iPhone sales performance in China in two years."
    I think I'm starting to see why people bought in to Trump's promise of bringing manufacturing jobs back. Some people obviously don't understand the economics or logistics of it (or foreign markets).

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    Quote Originally Posted by Mobulis View Post
    Sorry demand creates jobs, just because you make something doesn't mean people will want to buy it. Govt demand creates jobs.
    What's ironic is that even Keynesian economists don't believe the Government creates jobs. The private sector creates jobs. The difference between Keynesian and Supply siders is how much influence the government might have in that private sector job creation.
    Hillary 2020!

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    Quote Originally Posted by FreeAndClear View Post
    The stimulus created at least one job despite republican screaming to the contrary.
    It can be argued that the private sector might have created some jobs as a result of Obama's stimulus. You won't find any credible person arguing that the government created jobs.
    Hillary 2020!

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    Quote Originally Posted by tnt View Post
    - Stimulus
    - Auto bailout
    - Cash for clunkers.
    - Passage of the ACA boosted the insurance industry creating jobs
    - The ACA also made the consumer spending base healthier, and lowered out of pocket payouts - so that money could go into other segments of the economy
    So then you concede that the private sector creates jobs, not the government.
    Hillary 2020!

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    Quote Originally Posted by peek-a-boo View Post
    It can be argued that the private sector might have created some jobs as a result of Obama's stimulus. You won't find any credible person arguing that the government created jobs.
    The funds came from the government. What’s a credible person

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