In response to:

Jobs Versus Net Jobs

Stan_in_Texas Wrote: Jul 11, 2012 10:00 AM
Dr. Sowell is absolutely correct........he always is. Government intervention is always good for the particular recipient of the their legislation but there are always un-intended consequences. That is the essence of the problem.......central control of an economy can never be as efficient as a free market that regulates itself.
arpiem Wrote: Jul 11, 2012 10:11 AM
Yes, he was correct except that the steel tariffs were during the Bush administration. Construction hiring slowed down significantly. The law was quickly rescinded.
RepubRob2 Wrote: Jul 11, 2012 10:26 AM
I noticed that too, arpiem. It's unusual for Dr. Sowell to be incorrect on any reference, so it made me wonder if I had it wrong.
MacQ - Texas Wrote: Jul 11, 2012 10:40 AM
He was referring to the import quotas implemented between 1984-1992.
Rock Strongo Wrote: Jul 11, 2012 10:42 AM
He didn't mention steel tariffs, he talked about restrictions on imported steel, which did occur in the 1980s. Dr. Sowell was not incorrect.
arpiem Wrote: Jul 11, 2012 5:41 PM
Okay, but I saw no real effect in the '80s. I did in the '90s with the tariffs. I'm a structural engineer.
One of the reasons for the popularity of political rhetoric is that everybody can be right, in terms of their own rhetoric, no matter how much the rhetoric of one side contradicts the rhetoric of the other side.

President Obama constantly repeats how many millions of jobs have been created during his administration, while his critics constantly repeat how many millions of jobs have been lost during his administration. How can both of them be right -- or, at least, how can they both get away with what they are saying?

There are jobs and there are...