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	Comments on: The Wall Street Journal&#8230;	</title>
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	<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/</link>
	<description>A blog about political change, among other things</description>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2039381</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Fri, 09 Dec 2016 22:28:38 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2039381</guid>

					<description><![CDATA[Interesting article at Vox.

Why not move much of the government operations throughout flyover country (article suggests mid-west, but it ought to be wider / more spread out than that)?

That is certainly within the POTUS&#039; power to do, and doesn&#039;t involve much, if any, hand into the private economy (i.e. industrial policy).
http://www.vox.com/new-money/2016/12/9/13881712/move-government-to-midwest]]></description>
			<content:encoded><![CDATA[<p>Interesting article at Vox.</p>
<p>Why not move much of the government operations throughout flyover country (article suggests mid-west, but it ought to be wider / more spread out than that)?</p>
<p>That is certainly within the POTUS&#8217; power to do, and doesn&#8217;t involve much, if any, hand into the private economy (i.e. industrial policy).<br />
<a href="http://www.vox.com/new-money/2016/12/9/13881712/move-government-to-midwest" rel="nofollow ugc">http://www.vox.com/new-money/2016/12/9/13881712/move-government-to-midwest</a></p>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2020745</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Tue, 06 Dec 2016 15:58:05 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2020745</guid>

					<description><![CDATA[@parker - right, doing the other doesn&#039;t address the spending side.  Unfunded liabilities are increasingly a Damocles Sword over us.

Ha, glad you made clear which people you were referring to. ;)]]></description>
			<content:encoded><![CDATA[<p>@parker &#8211; right, doing the other doesn&#8217;t address the spending side.  Unfunded liabilities are increasingly a Damocles Sword over us.</p>
<p>Ha, glad you made clear which people you were referring to. 😉</p>
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		<title>
		By: parker		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2018699</link>

		<dc:creator><![CDATA[parker]]></dc:creator>
		<pubDate>Tue, 06 Dec 2016 05:24:22 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2018699</guid>

					<description><![CDATA[Late to the thread, but....

Anyone who believes any combination of regulatory reform and tax cuts can lead to mid or lomg term salvation from the overwheling burden of 100+ trillion unfunded liabilities should contact me. I have ocean front property in Iowa available for 10 cents per 100 foot of frontage. BTW, ocean beaches in Iowa come with coconut palms and 72 dancing naked virgins; female virgins of course.]]></description>
			<content:encoded><![CDATA[<p>Late to the thread, but&#8230;.</p>
<p>Anyone who believes any combination of regulatory reform and tax cuts can lead to mid or lomg term salvation from the overwheling burden of 100+ trillion unfunded liabilities should contact me. I have ocean front property in Iowa available for 10 cents per 100 foot of frontage. BTW, ocean beaches in Iowa come with coconut palms and 72 dancing naked virgins; female virgins of course.</p>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2016044</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Mon, 05 Dec 2016 17:56:34 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2016044</guid>

					<description><![CDATA[@David - I am all for reducing tax rates and complexity, and for eliminating a good portion of our regulations which hardly serve their original purpose anyway, are probably the least effective ways to serve those purposes, and carry a high burden for businesses (particularly favoring large over small ones), and thus the economy, to flourish.

I am not for new regulations that intervene in the dynamism of our economic system, nor playing favorites over industries and corporations.  That all just invites more corruption, as well.

If we need to help people, let&#039;s keep the focus to providing THEM help, not on obstructing everyone else&#039;s economic decision.]]></description>
			<content:encoded><![CDATA[<p>@David &#8211; I am all for reducing tax rates and complexity, and for eliminating a good portion of our regulations which hardly serve their original purpose anyway, are probably the least effective ways to serve those purposes, and carry a high burden for businesses (particularly favoring large over small ones), and thus the economy, to flourish.</p>
<p>I am not for new regulations that intervene in the dynamism of our economic system, nor playing favorites over industries and corporations.  That all just invites more corruption, as well.</p>
<p>If we need to help people, let&#8217;s keep the focus to providing THEM help, not on obstructing everyone else&#8217;s economic decision.</p>
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		<title>
		By: David Foster		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2015808</link>

		<dc:creator><![CDATA[David Foster]]></dc:creator>
		<pubDate>Mon, 05 Dec 2016 16:28:42 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2015808</guid>

					<description><![CDATA[Big Maq...of course the number of people needed for manufacturing a fixed amount of product will decline over time...will probably decline in absolute terms...as a function of technological progress and without considering imports.  But it is still millions of people, and there are plenty of policy things that can be done to make the US a more hospitable home for manufacturing. Tax policy, in particular: for example, Forbes has calculated that the incremental cost of assembling iPhones in the US is influenced considerably more by tax costs than by labor costs.]]></description>
			<content:encoded><![CDATA[<p>Big Maq&#8230;of course the number of people needed for manufacturing a fixed amount of product will decline over time&#8230;will probably decline in absolute terms&#8230;as a function of technological progress and without considering imports.  But it is still millions of people, and there are plenty of policy things that can be done to make the US a more hospitable home for manufacturing. Tax policy, in particular: for example, Forbes has calculated that the incremental cost of assembling iPhones in the US is influenced considerably more by tax costs than by labor costs.</p>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2011213</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Sun, 04 Dec 2016 19:30:42 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2011213</guid>

					<description><![CDATA[@David - I think too many people underestimate the impact technology can have in changing industries, and the economic value it brings.

Another link I recently came across:
http://www.dallasnews.com/business/real-estate/2015/05/21/facebook-looking-at-north-fort-worth-for-huge-data-center

Yes, it is an example of yet more government incentives, which I do not favor, BUT, the striking thing is the dollar value vs the jobs...

&lt;em&gt;&quot;A project &lt;b&gt;worth nearly $1 billion&lt;/b&gt; that’s in the works for North Fort Worth hopes to lure social media giant Facebook to Texas. ... The data center in the works for North Fort Worth is &lt;b&gt;projected to have about 40 workers&lt;/b&gt;. ... “There are municipalities and states that have figured out that &lt;b&gt;just because it’s not a lot of people, it’s still important&lt;/b&gt;,” Holcomb said”&lt;/em&gt;]]></description>
			<content:encoded><![CDATA[<p>@David &#8211; I think too many people underestimate the impact technology can have in changing industries, and the economic value it brings.</p>
<p>Another link I recently came across:<br />
<a href="http://www.dallasnews.com/business/real-estate/2015/05/21/facebook-looking-at-north-fort-worth-for-huge-data-center" rel="nofollow ugc">http://www.dallasnews.com/business/real-estate/2015/05/21/facebook-looking-at-north-fort-worth-for-huge-data-center</a></p>
<p>Yes, it is an example of yet more government incentives, which I do not favor, BUT, the striking thing is the dollar value vs the jobs&#8230;</p>
<p><em>&#8220;A project <b>worth nearly $1 billion</b> that’s in the works for North Fort Worth hopes to lure social media giant Facebook to Texas. &#8230; The data center in the works for North Fort Worth is <b>projected to have about 40 workers</b>. &#8230; “There are municipalities and states that have figured out that <b>just because it’s not a lot of people, it’s still important</b>,” Holcomb said”</em></p>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2011184</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Sun, 04 Dec 2016 19:21:13 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2011184</guid>

					<description><![CDATA[@David - The measure of the health of an economy and of an industry is not the amount of jobs employed.  

The US manufacturing sector is (and has been steadily for decades but for 2008) increasing output, while, yes,  their employment levels have decreased dramatically.

At the same time manufacturing has had a declining share of the global GDP.

Is the US &quot;losing out&quot;?  

Maybe, the explanation is that we are collectively paying less for manufactured goods, which allows us collectively to have more to purchase other goods and services!
.

Perhaps the real question is what does one do with folks who do get displaced in a dynamic economy?

Arguing for trade barriers, special tax incentives and subsidies for those in the industry treat the symptom, not the real problem.

What happens to those employed in those other sectors, if we follow through with what you imply you want for the manufacturing sector?
.

If we are only looking at the jobs part of the economic balloon, and ignoring the other part of the balloon....

...With employment as the basis for justifying serious economic intervention by the government, then perhaps it should shut down Amazon and all internet shopping.  

Why not?  Consumers will go back to shopping at physical locations, and then people can get their jobs back at those brick and mortar retailers.  

After all, retailers have long argued it is &quot;unfair&quot; competition.
.

I&#039;ve written in more detail here on this topic:
http://neoneocon.com/2016/12/01/the-showman-president/#comment-2004134]]></description>
			<content:encoded><![CDATA[<p>@David &#8211; The measure of the health of an economy and of an industry is not the amount of jobs employed.  </p>
<p>The US manufacturing sector is (and has been steadily for decades but for 2008) increasing output, while, yes,  their employment levels have decreased dramatically.</p>
<p>At the same time manufacturing has had a declining share of the global GDP.</p>
<p>Is the US &#8220;losing out&#8221;?  </p>
<p>Maybe, the explanation is that we are collectively paying less for manufactured goods, which allows us collectively to have more to purchase other goods and services!<br />
.</p>
<p>Perhaps the real question is what does one do with folks who do get displaced in a dynamic economy?</p>
<p>Arguing for trade barriers, special tax incentives and subsidies for those in the industry treat the symptom, not the real problem.</p>
<p>What happens to those employed in those other sectors, if we follow through with what you imply you want for the manufacturing sector?<br />
.</p>
<p>If we are only looking at the jobs part of the economic balloon, and ignoring the other part of the balloon&#8230;.</p>
<p>&#8230;With employment as the basis for justifying serious economic intervention by the government, then perhaps it should shut down Amazon and all internet shopping.  </p>
<p>Why not?  Consumers will go back to shopping at physical locations, and then people can get their jobs back at those brick and mortar retailers.  </p>
<p>After all, retailers have long argued it is &#8220;unfair&#8221; competition.<br />
.</p>
<p>I&#8217;ve written in more detail here on this topic:<br />
<a href="http://neoneocon.com/2016/12/01/the-showman-president/#comment-2004134" rel="nofollow ugc">http://neoneocon.com/2016/12/01/the-showman-president/#comment-2004134</a></p>
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		<title>
		By: David Foster		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2010866</link>

		<dc:creator><![CDATA[David Foster]]></dc:creator>
		<pubDate>Sun, 04 Dec 2016 17:14:46 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2010866</guid>

					<description><![CDATA[Big Maq...&quot;it is largely a myth (lie) that the manufacturing sector is “exporting jobs”. I provided links to articles with data and charts that show that to be a myth. It’s really about technological adoption / innovation.&quot;

There are something like 90 million manufacturing workers in China...surely at least half of them are producing for export.  Of course, not all the exports go to the US, but also, China is by no means the only country producing for the US market.  It is probably safe to estimate that at least 20-30 million people in other countries are making things that go to the US.

This does not represent a direct displacement of US labor, owing to higher US productivity (employee-driven, process-driven, and equipment-driven)...probably comes out to somewhere around 3-6 million US manufacturing workers not required because of product imports.  There are of course many additional jobs in the economy that are also displaced indirectly.

Yes, technological change reduces labor intensity of manufacturing...as it has been doing for two centuries..but it&#039;s not either-or.  The effects of automation and of imports have a combined effect on employment and wage levels.]]></description>
			<content:encoded><![CDATA[<p>Big Maq&#8230;&#8221;it is largely a myth (lie) that the manufacturing sector is “exporting jobs”. I provided links to articles with data and charts that show that to be a myth. It’s really about technological adoption / innovation.&#8221;</p>
<p>There are something like 90 million manufacturing workers in China&#8230;surely at least half of them are producing for export.  Of course, not all the exports go to the US, but also, China is by no means the only country producing for the US market.  It is probably safe to estimate that at least 20-30 million people in other countries are making things that go to the US.</p>
<p>This does not represent a direct displacement of US labor, owing to higher US productivity (employee-driven, process-driven, and equipment-driven)&#8230;probably comes out to somewhere around 3-6 million US manufacturing workers not required because of product imports.  There are of course many additional jobs in the economy that are also displaced indirectly.</p>
<p>Yes, technological change reduces labor intensity of manufacturing&#8230;as it has been doing for two centuries..but it&#8217;s not either-or.  The effects of automation and of imports have a combined effect on employment and wage levels.</p>
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		<title>
		By: Richard Aubrey		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2008914</link>

		<dc:creator><![CDATA[Richard Aubrey]]></dc:creator>
		<pubDate>Sat, 03 Dec 2016 20:05:54 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2008914</guid>

					<description><![CDATA[Problem with what Trump did wrt Carrier is that, given the extravagant promises politicians have to make to one-up the competition, voters start believing they not only can but should do these things.
It&#039;s become, to one degree or another, a matter of degree.  How far do we go?  Not whether.
Trump jawboned Carrier. Obama said it didn&#039;t matter since the BS unemployment rate is down.  Both are being pressured by the need to perform extra-constitutionally.]]></description>
			<content:encoded><![CDATA[<p>Problem with what Trump did wrt Carrier is that, given the extravagant promises politicians have to make to one-up the competition, voters start believing they not only can but should do these things.<br />
It&#8217;s become, to one degree or another, a matter of degree.  How far do we go?  Not whether.<br />
Trump jawboned Carrier. Obama said it didn&#8217;t matter since the BS unemployment rate is down.  Both are being pressured by the need to perform extra-constitutionally.</p>
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		<title>
		By: Big Maq		</title>
		<link>https://thenewneo.com/2016/12/02/the-wall-street-journal/#comment-2008816</link>

		<dc:creator><![CDATA[Big Maq]]></dc:creator>
		<pubDate>Sat, 03 Dec 2016 17:36:12 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/?p=64847#comment-2008816</guid>

					<description><![CDATA[An example of the Red vs Blue switcheroo... Exhibit A: Steven Moore...

&lt;em&gt;&quot;&quot;[T]his is 2016 not 1986. The world is a different place. The concerns and priorities of the American people are different today from what they were 30 years ago. The voters spoke with a thunderclap. ...  I don’t approve of all of these shifts, but they are what the voters voted for.&quot; - &lt;b&gt;Steve Moore&lt;/b&gt;

Moore’s broader argument seems to be that Donald Trump won, and thus all of his policies should win. ... Moore radically exaggerates the popularity of Donald Trump’s program in order to make this case: ... Trump won the lowest percentage of the primary vote since Reagan in 1968 (Reagan lost that nomination to Nixon), and had the most votes cast against him of any nominee in history. &lt;b&gt;Trump did not win a sweeping national victory – in fact, he lost the popular vote by well over two million votes and came in 44th out of 54 elections in terms of the Electoral College. That’s not the mark of a sweeping mindset change among Americans.&lt;/b&gt;&quot;&lt;/em&gt; - Ben Shapiro
https://www.conservativereview.com/commentary/2016/12/trump-economic-adviser-moore-doubles-down-this-is-trumps-party-now]]></description>
			<content:encoded><![CDATA[<p>An example of the Red vs Blue switcheroo&#8230; Exhibit A: Steven Moore&#8230;</p>
<p><em>&#8220;&#8221;[T]his is 2016 not 1986. The world is a different place. The concerns and priorities of the American people are different today from what they were 30 years ago. The voters spoke with a thunderclap. &#8230;  I don’t approve of all of these shifts, but they are what the voters voted for.&#8221; &#8211; <b>Steve Moore</b></p>
<p>Moore’s broader argument seems to be that Donald Trump won, and thus all of his policies should win. &#8230; Moore radically exaggerates the popularity of Donald Trump’s program in order to make this case: &#8230; Trump won the lowest percentage of the primary vote since Reagan in 1968 (Reagan lost that nomination to Nixon), and had the most votes cast against him of any nominee in history. <b>Trump did not win a sweeping national victory – in fact, he lost the popular vote by well over two million votes and came in 44th out of 54 elections in terms of the Electoral College. That’s not the mark of a sweeping mindset change among Americans.</b>&#8220;</em> &#8211; Ben Shapiro<br />
<a href="https://www.conservativereview.com/commentary/2016/12/trump-economic-adviser-moore-doubles-down-this-is-trumps-party-now" rel="nofollow ugc">https://www.conservativereview.com/commentary/2016/12/trump-economic-adviser-moore-doubles-down-this-is-trumps-party-now</a></p>
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