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Sunday, January 22, 2012

More Evidence That Obama Has No Idea How The World Economy Works!!

Today's New York Times  has an excellent recount of how the world economy works using Apple as an example.  What strikes me as interesting is exactly the same complaints were made when a lot of production moved South of the border to Mexico.                                                                                                 Remember when Maquiladoras (sp) were all the rage??

In any case, here is the exchange between Steve Jobs and Barack Obama last February that starts the New York Times story. ( It is well worth your time to find it and read all of it.)  After three years as President, there is no excuse for Obama to ask such a stupid question.

  "When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president.

The iEconomy

An Empire Built Abroad
Articles in this series are examining challenges posed by increasingly globalized high-tech industries.

But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?

Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

Why can’t that work come home? Mr. Obama asked.
Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest."

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