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Tuesday, January 08, 2013

Washington helped China snare U.S. manufacturing jobs, study says - Political Watch - MarketWatch

Washington helped China snare U.S. manufacturing jobs, study says - Political Watch - MarketWatch

The United States lost 3.5 million manufacturing jobs from the end of the 2000 to the end of 2007 and China was almost entirely to blame, a new research paper says.
The conclusion is probably not a big surprise, particularly to workers who saw their jobs shipped overseas, but the study offers an interesting twist. Authors Justin Pierce of the Federal Reserve and Peter Schott of Yale School of Management say Washington triggered the jobs exodus by reducing “policy uncertainty.
But hey the GOVERNMENT for the People BY the People is working in my best interest...So I am told. 

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