August 08, 2015

"Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House."

Business Insider Economists say he wouldn't stand a chance: Trump's boundless self-confidence is no match for the global economic forces that took those jobs away. by Paul Wiseman via AP

'Since the beginning of 2000, the U.S. economy has lost 5 million manufacturing jobs.

'A study published last year by the National Bureau of Economic Research found that between 2 million and 2.4 million jobs were lost to competition from China from 1999 to 2011.

'Announcing his presidential bid June 16, Trump declared: "I'll bring back our jobs from China, from Mexico, from Japan, from so many places. I'll bring back our jobs, and I'll bring back our money."

'Economists were unimpressed. "It's completely implausible," says former Federal Reserve Vice Chairman Alan Blinder, a Princeton University economist who has studied the offshoring of American jobs.'

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