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Reply to "Shipping jobs to China... Who's correct?"
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[quote=Anonymous][quote=jsteele]As the WSJ articles says, "In fairness, Mr. Obama has other, much more substantial proposals that are aimed at the same general goal of reducing the attractiveness of operating offshore for U.S. businesses." The tax break is small, but it is symbolic of a larger issue. On the larger issue, Obama and Romney are strongly divided. Obama would use government resources to preserve jobs in the US -- the auto bailout being the best example. Romney believes that is "picking winners and losers". Romney's track record demonstrates that he will move jobs offshore if that will provide the best financial return. Obama wants to use the power of government to keep jobs in the US rather than see them moved, or at a minimum, take steps to stop encouraging the process. Romney would be less likely to use the power of government in that manner. So, bottom line, the issue is not this small tax break, but a larger philosophy. Do you think government should be involved in protecting American jobs? If so, vote Obama. Do you believe that government should stay out of business because its involvement generally makes things even worse? Then, vote Romney. [/quote] That's a fair summary--and I'm a fiscal conservative. I'm old enough to remember my folks telling me to finish my dinner because "there are people starving in (fill in the blank)" But when those folks get jobs, sometimes it's from a textile factory in the south. Then they get more skilled, and they compete up the value chain. Or, maybe they get tired of importing those widgets from the US and want to make them. It can be a U.S. company that owns the factory, but the product is sold locally and the salaries stay at home. That's the global economy. A billion Chinese (and Indians, Brazilians, etc) are working their way out of poverty and, in the process, there's some dislocation here. A conservative (or at least this one) would say that's a fair trade because over the past thousand years or so of evidence, open trade works to improve everyone's standard of living. I think liberals (certain ones) get twisted into a pretzel defending American jobs. No, I don't think the govt should be defending US jobs (except the normal tit for tat of keeping everyone relatively honest) but should assist in job training to keep our workforce relevant. Now...can someone show me a job training program that works for anyone but the trainers?[/quote]
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