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Obama's Real Cost: $19 Trillion in Missing GDP

catcaul Wrote: Jan 27, 2013 6:31 PM
Unemployment benefits hide the cost of offshoring.. for a little while anyway. Our economic mess was predicted in the 80's by the loony Ross Perot Those nifty "Job Creators" keep creating American jobs in far flung, but tax friendly, environs that don't hire American workers..Ransom should explain why offshoring is good versus unemployment benefits that are bad.
elko-mike Wrote: Jan 27, 2013 8:12 PM
Wealth is created by trade, period. Offshoring vs unemployment is a false dichotomy and it assumes that the jobs are a zero sum game -- either the job is created in the US or it is created overseas. It doesn't work this way.
Jobs are created by a growing economy; the faster it grows the more jobs the economy creates. As the wealth creation of the economy is created by trade, then policies that promote trade are policies that create growth; those that discourage trade, slow growth. Paying unemployment discourages work and trade. Discouraging trade for job protection harms economic growth.
The answer to the question posed is to get government out of the way and let free people trade.

There's a super storm raging over our economy that's been seeded and fueled by the federal government over a period of the past several decades. And it's literally costing the country trillions of dollars in GDP per year.
It’s not merely garden-variety government waste that's the problem either. It's monumental stupidity by the government, combined with venial cupidity by voters who think they can get others to pay for their free lunch.

This government-created storm has, more than any other factor, contributed to the fiscal crisis; a crisis that is creating more expansive government programs, robbing us of more GDP, thus ensuring...

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