Michael Lind and Thomas Palley

[rightdemocrat]

Thomas Palley is correct. We must changes our economic policies. Far too many American jobs and dollars have gone overseas. The flight of jobs is far from limited to the manufacturing sector. White collar and even high-tech jobs have been moving out of the U.S. Trade is great as long it flows both way with a reasonable balance. With our current policies, we have what Warren Buffett calls pseudo-trade. China is going end up owning us if we keep up these self-destructive policies.

[davidmesaaz]

We have so woven ourselves into the Global economy. in the 1780's half our tax revenue came from the UK. Europe goes through business cycles or bubbles integreated through free trade... Budget deficit not trade deficit is what we should be worried about...

[davidmesaaz]

In the 1970's there was asset inflation. But there was price stabilty in the 1980-90's. He makes such grand claims as the Reagan fundmentally changed the economy which is central to his argument but he doesn't even say what the changes were... Then he goes off about bubbles and crashes. NEW FLASH we have always had market crashes they didn't start in 1980's. Some manufacturing jobs but others were gained. Toyota Honda Manufacturing plants. Not to mention the surge in tech and services jobs.