Bernanke: pledge to revive manufacturing "not realistic"

[struggle4progress]

By JILLIAN HARDING
MONEYWATCH May 2, 2017, 4:17 PM

... Former Federal Reserve Chairman Ben Bernanke is challenging President Donald Trump's claim that manufacturing jobs in industries such as coal mining can make a comeback in the U.S.

"We're not going to have people on assembly lines putting cars together anymore, because we have robots," Bernanke said in an interview with CBSN where he discussed his new book, "The Courage to Act: A Memoir of the Financial Crisis and Its Aftermath. "We don't need as many coal miners because we have other forms of energy and cleaner forms of energy."

Instead, Bernanke suggested, "What we need to do is bring people into the growing sectors and have them find good, well-paying jobs in those growing sectors" ...

http://www.cbsnews.com/news/bernanke-trumps-pledge-to-revive-u-s-manufacturing-is-not-realistic/

[Sculpin Beauregard]

1. Look! A brave soul using facts n' logic!

[democratisphere]

2. When drumpf's base finally realizes they have been conned and scammed,

this will be the end of his presidency. I'm still counting on his removal sooner.

[RobinA]

3. Well, Thanks Ben

Where've you been on this? Anybody who paid attention in 9th grade history would know this, but you have a little more credibility on the subject. Where were you a year ago?

[Blue_Adept]

5. Being ignored by the media like most liberals and fact based people are

It's not that this stuff hasn't been said, and repeatedly, but it doesn't make the news. It's the simple.

[ehrnst]

7. Had he supported any of HRC's statements on this, the far left would have

said it was PROOF that HRC was a corporatist, because Bernanke has criticized Sanders.

And the GOP would have said that he knows NOTHING, because we know those jobs can ALL be brought back if you just impose tarrifs and shut down any and all trade deals.

[ehrnst]

4. Good luck with that. Facts don't go far in the parlance of "economic populism"

Even HRCs advocating of bringing broadband access to rural America is being called "snobbish" because I guess it doesn't address globalism....

[Adrahil]

6. I don't agree with everything Bernanke says...

But he's fucking right.

And the Deplorables don't want to hear that. They want want to hear a Mango Moron tell them everything will be great, and they will get their old jobs back FAST.