RETURN MANUFACTURING JOBS TO THE US?

The Hartmann Report

Thom Hartmann

Congress, Economics, Climate Change, The Hartmann Report, Debate, Democracy, America, Thom Hartmann, News

4.4 • 1.2K Ratings

🗓️ 27 August 2020

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will you be able to protect yourself from a financial crash, how will an economic crash now affect the 2020 election? Can this turn into a recession, a depression or something even worse?

Thom Hartmann and Richard Wolff discuss just how big this pop will be!

Is This Our Last Chance To Return Manufacturing Jobs To The US?

(w/ Rob E. Scott, Senior Economist and Director of Trade and Manufacturing Policy Research.)

Can the US restore manufacturing jobs before Trump breaks off all sensible business and imports from China? Why has our manufacturing all gone offshore? It is all about subsidies and tariffs.

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Transcript

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0:00.0	This is the Tom Hartman Program.
0:15.0	And welcome back.
0:18.0	Tom Harbin here with you on the line with us is Professor Richard Wolf,
0:21.0	the Economist, co-founder of Democracy at Work,
0:23.2	author of numerous books, his most recent
0:25.2	Understanding Socialism Democracy at Work. info,
0:28.6	and RD Wolf with 2F's.com are his website.
0:32.4	You can tweet him at Prof Wolf with 2 f's
0:33.9	are his websites you can tweet him at Prof Wolf with two f's and Professor
0:35.9	Wolf welcome back I share with you this Bloomberg article about China's
0:40.1	banking watchdog warning the Fed basically about what's up and you know the Fed
0:45.3	has created seven trillion dollars out of thin air there was a piece yesterday or the
0:49.2	day before in the Financial Times wondering out loud what will happen to America if our dollar
0:55.2	dominance around the world, if the dollar ceases to be the world's reserve currency,
1:00.3	you know, how much inflation could that cause in this country
1:03.4	what's going on here what is up with all this well i think you see a number of
1:07.0	signs
1:08.4	first i'm a little amused as i know the readers around the world are to have the Chinese weighing in now that they are
1:16.3	a monster economy really contending with the United States for dominance they're going
1:21.6	to comment on our central bank's behavior.
1:25.4	Their comment is shared by others, it's not that the comment is out of order.
1:29.3	It's just another sign that the United States footprint in the world economy is shrinking and
	...

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