Saturday, January 7, 2012

They Type So We Needn't

One or another of those American Something mags:
One of the striking things about the Republican field is the degree to which they now disparage Wall Street (while still calling for Dodd-Frank’s repeal) and sing the praises of manufacturing. Santorum would eliminate the tax on US manufacturers, Romney impose tariffs on Chinese goods if they don’t revalue their currency, Huntsman bolster manufacturing through means as yet unspecified. They all understand—as does Obama—that Americans truly dislike the rise of finance over manufacturing as our dominant economic sector, though none of them— including Obama—have a clear idea what to do to reverse it. It defies all credulity that Romney, the man who built Bain Capital, really wants to diminish finance, but it will be fascinating to see him campaign across Ohio, Pennsylvania and Wisconsin, for instance, as manufacturing’s champion against Obama.
That bold part would be the elephant on the plant floor: Nothing can be done. "We are so screwed;" not so funny when it's true, is it?

No comments: