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Scott Paul: The Onshoring Trend is Phony
Writing in the Huffington Post on August 20 (The Onshoring Trend is Phony), Scott Paul pointed out:
On Friday August 6th, no less an authority than the president himself heralded a USA Today front page story headlined: "Some manufacturing heads back to USA." I watched CNBC that morning -- the July unemployment figures were just out -- and its anchors also trumpeted the news. So did the House Democratic leadership, which viewed the headline as a positive development and vindication of its recent focus on manufacturing. I don't blame any of these folks for trying to squeeze the good news out of an otherwise horrible day of economic news, but it turns out that exactly the opposite is happening,
It is becoming more and more obvious that our leaders including the Obama administration, congress and the Main Stream Media live in a fantasy world in which they do nothing and the mercantilist countries spontaneously stop stealing our jobs and industries. Our Scaled Tariff would end mercantilism and jumpstart our economy.
Comment by ron smith, 8/26/2010: Reshoring, onshoring, backshoring has fluctuated over the last decade. If you said that it has increased substantially over the last one vs the previous one even the Fed would agree. If you imply as USA Today did that it is a solid trend based on just the last few year's input then you would be misleading the reader... just as Paul is doing. The future is not bright for continued offshoring as more biliousness will be off-offing from China/India to Vietnam/Pakistan or some such. It would be a mistake to assume the offshoring trend is not slowing down and will eventually end. Same mistake as assuming onshoring will.
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