General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBernanke: pledge to revive manufacturing "not realistic"
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
(1,046 posts)democratisphere
(17,235 posts)this will be the end of his presidency. I'm still counting on his removal sooner.
RobinA
(9,884 posts)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
(6,393 posts)It's not that this stuff hasn't been said, and repeatedly, but it doesn't make the news. It's the simple.
ehrnst
(32,640 posts)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
(32,640 posts)Even HRCs advocating of bringing broadband access to rural America is being called "snobbish" because I guess it doesn't address globalism....
Adrahil
(13,340 posts)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.