Trump-Clinton, the debates

[Martin K]

It was really extraordinary to watch how Trump framed the debate with the narrative that bad trade deals have ravished the US economy. Yes, there are losers from trade, but the problem is these are much more visible than the winners (mostly consumers benefiting from lower prices, and exporters for whom foreign markets opened), but trade is not the cause of all, or even most of industrial job losses in the US. This is simply caused by automation. One can run a steel factory with a fraction of the manpower compared to three, or even two decades ago and still produce more steel, and this experience is much the same in many industries. 

And the remedy, protectionism, is likely to cost jobs, not produce "millions" more..

Haha, and that was supposed to be the part of the debate that was going pretty well for Donald..