Senator Stabenow on Economics

I just heard Senator Debbie Stabenow from Michigan say on Morning Joe that nine out of ten workers in the USA are employed by the auto industry. If that's true she has identified the problem with our economy. If 90 percent of our workers are building cars and six percent are unemployed how can we expect to produce all the other goods that we need with the remaining four percent -- like houses. But wait a minute! I thought the collapse of the housing market was caused by overbuilding.

One of the most dominant complaints lately has been that our economy has shifted too far from manufacturing toward service. I suppose we can stop worrying now that Senator Stabenow has spoken.

Obviously, though, the senator is wrong. What she probably meant to say is that nine of ten workers contribute, to some extent, to the auto industry. But I don't believe that either.

The biggest problem we have in this country is that too many demagogues like Stabenow are in leadership roles.

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