Reblogged:The Only Way to Bring Jobs Back to America

[Michael J. Hurd Ph.D.]

Ford President and CEO Mark Fields announced Tuesday that the Michigan-based car company is canceling plans to build a new electric car plant in Mexico.

Fields told CNN’s Poppy Harlow that the decision also means 700 new jobs will be created in America.

My response: So what?

A headline reads, “Ford cancels Mexico plant. Will create 700 U.S. jobs in ‘vote of confidence’ in Trump.” It’s not a vote of confidence in Trump that’s needed. It’s a vote of confidence in free market capitalism. Trump will deserve a vote of confidence only the extent to which he restores what used to be a free market economy in America.

Jobs are a healthy sign of economic growth and expansion. But the American economy has not been growing all that much, if at all, during the last decade. Yes, unemployment is lower in 2017 than it was in 2009, but that’s only if you stop counting the people who gave up on trying to find work. And even if you accept the government’s narrative that we’ve been in a “recovery,” it’s the weakest economic recovery, by those same government numbers, in modern history.

Yes, I’m happy to see more jobs in America. But not because it’s America. I’m only happy to see more jobs in America if it’s an indication of real economic growth.

Economic growth happens when more people do more productive and profitable things. Right now, the focus is taking jobs away from other countries and getting them in America. That may be well and good, but it’s not the real issue. The real issue is expanding economic growth and opportunity in America. As a result, we’ll have millions of more jobs not only on American soil, but overseas as well, if that suits the interests of companies.

When the economy grows again, we’ll see millions of more jobs in America. This won’t be because government threatened companies who send jobs overseas to start bringing them home. It will only happen because it’s more profitable to do business at home because taxes have been cut by half (or more) and regulations have been cut by 80 percent (or more).

The economy never grows because of what government does. The economy only grows because government gets it. The best economic policy is none at all, to get the hell out of the way. Government was never supposed to be about economic planning. It was supposed to be about punishing crime and fraud. Economic planning is best left to owners, entrepreneurs, innovators and – let’s not forget – customers.

Until most people understand this, we’ll never get a free market economy again. And until we have a free market economy again, you’re never going to see prosperity like we once did, and like there still might and ought to be.

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[DonAthos]

4 hours ago, Michael J. Hurd Ph.D. said:

Ford President and CEO Mark Fields announced Tuesday that the Michigan-based car company is canceling plans to build a new electric car plant in Mexico.

Fields told CNN’s Poppy Harlow that the decision also means 700 new jobs will be created in America.

My response: So what?

These (Ford and Carrier) are very dangerous events, in my opinion.

Trump has been getting what I'm sure counts as good results to many people, seemingly via the threat of governmental force (e.g. increased tariffs) and bribery (incentives). It will be hard for anyone to stand up against this sort of thing politically, when Trump can point to something like "700 new jobs." And I wouldn't think these results will disincline him to similar actions in the future.

Not only is this bad of itself, and the precedent it sets for the government to strong arm business in a way that I don't remember seeing since trustbusting, but I think it will help continue to embolden Trump to take action on even his most divisive and outlandish projects -- and damn the critics. It might even give him political/popular leeway such that, if he tramples over some rights in the process of governing, well, at least he "created jobs."

It has never been unpopular to make the trains run on time, after all.