{"id":37449,"date":"2017-01-24T12:25:53","date_gmt":"2017-01-24T17:25:53","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=37449"},"modified":"2017-01-24T16:41:09","modified_gmt":"2017-01-24T21:41:09","slug":"nafta-goes-next","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=37449","title":{"rendered":"Nafta goes next"},"content":{"rendered":"

Conventional wisdom is the “wisdom” of the crowds. At one stage it believed in free trade. And it was right. Nafta boosted trade:<\/p>\n

\"NonPetroleumTrade\"<\/a><\/p>\n

Now it doesn’t believe in free trade. It believes\u00a0free trade \u201c<\/b><\/strong>can aggravate inequality, degrade labor and health standards and weaken democracy.\u201d<\/p>\n

That’s\u00a0mostly\u00a0<\/b>nonsense. It all depends on how it’s managed. If we lose low-skill manufacturing assembly jobs to Mexico or to automation, then we need to re-train the workers — and get them better jobs in places that need them. All the places I live in need plumbers, carpenters, roofers, electricians, air conditioning guys, etc.<\/p>\n

But we neglected the workers (dumb, dumb. dumb). They got justifiably mad, and voted for Mr. Trump.<\/p>\n

Now his\u00a0Administration is<\/u> going to f*ck with Mexico and China. His administration is itching for a trade war. \u00a0You can feel it in the wind. No one in the administration seems to give a sh*t about what happens when you start trade wars — as an example try the 1930s. With trade wars, everyone gets poorer. The Great Depression was only saved by the ramp-up of manufacturing of the Second World. You get the impression that the administration is accelerating the car as they drive it over the cliff.<\/p>\n

BusinessWeek explained all. Click here<\/strong><\/a>\u00a0and\u00a0here.<\/a>\u00a0 <\/strong>Read this also:<\/p>\n

\"naftareport\"<\/a><\/p>\n

Click here.<\/a>\u00a0<\/strong><\/p>\n

My position: I am for free trade. But I also for spending much of its benefits on the workers who lose their jobs. There’s a million ways of doing this, including forcing the companies moving to Mexico to train their fired workers and get them jobs. Heck, this is routinely done for white collar workers.<\/p>\n

Meanwhile the market continues to reward technology stocks — like FB, NFLX, GOOGL, and AMZN, etc.<\/p>\n

Stay away from manufacturers with heavy Nafta presence.<\/p>\n

\u00a0Trump creates millions of new jobs<\/b><\/strong><\/span><\/p>\n

SATIRE FROM THE BOROWITZ REPORT<\/span>
\nTRUMP CREATES TEN MILLION JOBS FOR FACT CHECKERS<\/strong><\/p>\n

\"DonaldTrump\"<\/a><\/p>\n

WASHINGTON (The Borowitz Report)-In less than a week as President, Donald J. Trump has created ten million jobs for fact checkers, the Department of Labor has confirmed.<\/p>\n

Harland Dorrinson, the executive director of HonestyWatch, a Minnesota-based fact-checking organization, called the pace of hiring in the fact-checking industry since Trump’s Inauguration “blistering.”<\/p>\n

“The nation’s supply of fact checkers is being stretched to the breaking point,” he said. “There are not enough fact checkers to keep up with the exponential growth in alternative facts.”<\/p>\n

Dorrinson said that he expects hiring in the fact-checking sector to remain robust for the next four years, outpacing employment in manufacturing, agriculture, and technology.<\/p>\n

“With Trump in the White House, recent college graduates are flocking to careers in fact checking,” he said. “There’s guaranteed job security, and you basically just have to Google stuff.”<\/p>\n

In his daily press briefing, Sean Spicer, the White House press spokesman, touted the surging employment for fact checkers but said that the actual number of jobs created was closer to ten billion.<\/p>\n

\"HarryNewton\"<\/a>
\nHarry Newton, who’s rejoicing. The sun is finally out and my tennis partner arrives in 12 minutes. Enjoy the day. I will.<\/p>\n