Last week, in “A Crisis Is a Terrible Thing to Waste,” I wrote that despite our current unemployment crisis, neither Obama, nor the Democrat Party, nor the Republican Party could or would “create more jobs”. My rationale was fairly simple:
“There will be no legitimate ‘job creation’ in this country until we restore tariffs and thereby cause manufacturers who left the USA for Mexico, China and India to return their factories to the USA.
“So long as we have global free trade, real jobs will continue to flow out of the USA and into third world countries. So long as we have global free trade, the only ‘job creation’ gov-co will be capable of providing will be even more government employment. Such gov-co ‘employment’ is really just a glorified form of welfare in that our new gov-co ‘employees’ make no productive contribution to society.