Some Future Romney has cooked up for America

Less freedom for women and minorities
An abdication of our sovereignty to a foreign nation and a $trillion war
Millions losing healthcare
The end to the Social Safety Net
The end to government involvement in developing new technologies
Fewer Teachers, larger class rooms and religious based educations not science based
Oil development in the most fragile ecological areas
Roll back of clean air, clean water federal requirements
Roll back of financial reform putting us at risk of another or worse Great Recession
Fewer jobs as the shrinking government collides with off shoring tax advantages and globalization
And an ever increasing debt
More Prisons built and privatization of schools
A life time with a Right Wing Supreme Court


13 off the top of my head. Is it any wonder I am voting for Obama?

Myopic Republican.

Why Adam Smith is Wrong this Time. Economics has changed.

In Adam Smith's time economic structures were essentially local and any technological improvements were often limited to one country or locale and remained stagnant long through multiple economic cycles. Their labor saving and labor killing attributes were spread over a longer period in smaller areas.

Today thanks to the internet and high speed travel and communications, technological innovation is married to globalization affecting the entire world population almost simultaneously.

While 18th Century economic communities had decades to absorb new technologies and any flux in local population growth or decline, (ie the availability of labor), our modern society doesn't have the luxury.

In the long term maybe Adam Smith's idea that new technology adds to job growth would be correct if we had the time to sit and wait out the inevitability of globalization. Unfortunately we don't have the necessary decades to wait.

President Obama is correct to say that the internet and automation has caused tremendous job dishevel and Adam Smith is simple wrong this time.