http://www.freep.com/article/20110918/NEWS01/109180480/1001/rss01
it is time to bring jobs back to America. vote Ron Paul.
it is time to bring jobs back to America. vote Ron Paul.
If all 500 open positions would be filled from those 2500 people, then its actually pretty good. A 1:5 ratio is much better than 1:100+ you get in typical IT positions in Bay Area for example.
Hell, it's a lower ratio than most jobs that I've seen around here. The job that I landed in March 2010 had nearly 500 applicants for it alone. My current boss told me that he had posted my job earlier last year and he had 400+ applicants and none were qualified.
Im fairly certain that the vast majority of people sending resumes in right now are just shotguning everything in sight no matter what the job is for. That why I refuse to put my open position on line, i didnt want to have to sort though thousands of junk resumes.
http://www.freep.com/article/20110918/NEWS01/109180480/1001/rss01
it is time to bring jobs back to America. vote Ron Paul.
How would Ron Paul stop China from manipulating their currency to prevent them from cheapening their goods over and above what the dictates of a balanced market would support?
I respect Ron Paul more than the other guys running but if you want jobs back here he is very likely the last candidate to support. Labor arbitrage is the issue and he would support it because there's nothing in the constitution saying not to.
BTW I have no sympathy for jobless in Detroit now. That city has been going down the toilet for years. If you're still trying to make ends meet and haven't left that cesspool the fault is yours now. Move.
What a completely random article to post to support the idea of voting for Ron Paul
its similar to how Obama gets blamed for everything
I thought Ron paul was elected in 2008? WTF?!
If all 500 open positions would be filled from those 2500 people, then its actually pretty good. A 1:5 ratio is much better than 1:100+ you get in typical IT positions in Bay Area for example.
I thought Ron paul was elected in 2008? WTF?!
No, that was RuPaul.
How would Ron Paul stop China from manipulating their currency to prevent them from cheapening their goods over and above what the dictates of a balanced market would support?
You'd have to first stop manipulating the USD.
Perhaps when we do trade with China and give them printed USD, don't have bond auctions and actually let those USD work to devalue our currency instead of sitting in bank reserves as bonds, that would serve the same purpose as China letting their currency appreciate.
Edit: Really the currency peg is a scarecrow, the USA is giving them the means to peg their currency in the form of bond auctions so they aren't forced to inflate on top of USD, they can instead park the USD in bonds.
http://www.lewrockwell.com/schiff/schiff59.1.html
First off, let's get one thing straight. We don't "do" trade with China. China sends us stuff and accepts little back. That's why the accumulate USDs and have to do something with them.
Second, the BoP must balance. For them to sell goods to us and us not sell an equiv. back, they have to accumulate foreign exchange reserves since they are receiving more dollars than they are spending. As a result, they must buy something with those dollars, otherwise they'd have to sell the dollars on the open market, doing so would depress the value of dollars, resulting in the USD to be cheaper and USD denominated goods to be more competitive. Thus, they hold the dollars in reserve while selling RMB (printing) to keep the RMB peg in place, making their goods more competitive.
Third, it wouldn't matter if it were USTs, baseball teams, Rockefeller Center, or hotdog companies, the dollars would have to be invested somewhere. It just so happens USTs are the most liquid. It could be state of municipality bonds or equities. One way or another, the surplus would be sopped up. The easiest way for them to do it would be to keep them in USTs since it keeps the curency inside of China.
Finally, in a gold backed situation, the trade surplus would go to China, which, in a normal floating exchange situation, would see their currency increase while the USD decreases, resulting in an eventual equalibrium whereby Chinese goods weren't competitive against US goods. However, China manipulates the currency so that they are more competitive. In a gold backed situation the USD wouldn't be as easily as managed, thus, China could easily accept dollars and turn them in for gold, draining the UST of gold.
Thus, Ron Paul has no answer for China. As with most libertopians, they think that "free" means everybody practices it, everybody plays by the rules. You forget that "free trade" only works when people TRADE, not take everything they want and give you nothing you want. Overall, you think everybody's going to "get along". It's a naive position.
Obviously OP has no idea how Ron Paul would address this, it's why he's hiding from it. It's why you can't even answer it truthfully and barely understand the issue, it's too hard for you and your brain is just to naive to handle it. You're a naif but you refuse to admit it.
Im fairly certain that the vast majority of people sending resumes in right now are just shotguning everything in sight no matter what the job is for. That why I refuse to put my open position on line, i didnt want to have to sort though thousands of junk resumes.
When I said that the currency peg is a scarecrow, I meant that the USA is actually giving China an outlet to peg its currency, in the form of bond auctions which soak up all the USD they receive from the trade imbalance. Obviously a bond does have return and as such China is experiencing inflation on an increasing rate because of the massive amount of bonds they have, but it is definitely slowed because they are able to buy UST and delay the impact of the dollars.
It matters immensely that they are invested into UST and not hot dogs or anything else you listed. When they are in UST they are effectively taken out of the economy and it allows the Fed to control the supply of money. If they were to go to hot dog companies the supply of money would go up and we'd experience the inflation immediately.
Also your gold backed scenario is flawed. I can accept that you are saying that China will manipulate their gold holdings via hoarding and not letting their increased gold holdings from trade imbalances work towards inflation of prices. You are leaving out the fact that the deflation that the USA will experience will make USA domestic products more appealing to those in the USA. All the while China would have to refuse to use their increased purchasing power as a nation to let their gold reserves deflate. There would be literally no reason to not allow themselves the use of gold and continue to hoard indefinitely. Eventually it would reach a point that the USA and other deflated nations wouldn't trade internationally because their prices were competitive to any export China had to offer. But really its just a silly thought experiment. We wouldn't go to gold unless fiat currency collapsed in a hyper-inflationary scenario.
It's the USA that is abusing monetary policy, not China. If the strength of our currency was allowed to reflect our economic situation for the past 40 years, we wouldn't have been able to sustain such huge trade imbalances, regardless of how hard countries tried to maintain a peg to our currency.
Edit: This thread shouldn't even be about Ron Paul. Just that I couldn't help myself but respond to LegendKiller's constant hate.