doom and gloom ....
bringing jobs and businesses back to America by imposing tariffs to offset the unfair advantage china, mexico and others enjoy due to very low wages and next to no environmental protections simply evens the playing field.
Trade is already down substantially even in our current "free trade" environment. We're seeing the ongoing saga of Hanjin Shipping as it plunges into insolvency, with ships floating out in the ocean because no port wants to take them (the ports are afraid they won't get paid for unloading the cargo).
The bigger issue we have to deal with is a U.S. consumer who has completely run out of gas and doesn't have the same disposable income he had five or ten years ago.
There is no such thing as ‘free trade’. It’s all a pipe dream. If you need a phonebook of regulations protecting your coveted agreements, it ain’t free by a longshot. Samualson, you’re an idiot. IBD is losing money keeping you on the payroll.
BS
The non-elites have been in a recession for the last 10 years, in decline for the 30 years and the unfair, free trade deals have only benefitted the 1%, corporations and bought and paid for politicians.
Free trade is great, to a point. But you can’t base a national economy on cheap imports paid for by increasing debt, a super-wealthy elite, and welfare for the masses.
Have they considered that Trump might not “end” foreign trade? He might just adjust it.
If anyone thinks that a non-working welfare class in the USA is healthy, look at Charlotte last night. People with good, meaningful jobs don’t spend their evening rioting and burning.
So, a tax on goods made outside of the US can make the world fall apart?
Imagine, then, what that tax, moved to income, does. Can we say all government welfare is that cataclysmic result?
We’ve heard Samuelson’s argument, and that of every other “free trader”, such as Sowell, unceasingly ever since the end of World War II. The corporatists and globalists were allowed to advance every sort of “free trade” initiative and program their minds could conceive, including the use of
American servicemen’s lives and the American people’s treasure in their attempts to “make the world safe for democracy”. We now live with the worldwide chaos they’ve created and the collapse of the American Republic they’ve enabled. It’s way, way past time to return to the era of America First, which held sway in this country during our phenomenal growth years, when tariffs and trade reciprocity were required to ensure that we remained truly free as a people, not beholden to ridiculous notions of the pre-eminence of League of Nation and UN internationalism and tyrannical Marxist-driven globalism.
My money goes on whoever has the BIGGEST economy and the MOST technology.
All of our so-called partners cheat on the deals and we look the other way because the crony capitalists sell Americans down the river w/o blinking an eye.
the left operates from fear.. and fear mongering...
TRUMP NEVER SAID anything ABOUT A TRADE WAR....
that idea eminates from the left wing propaganda machine...
WHAT HE SAID WAS HE WILL NEGOTIATE FAIR TRADE AGREEMENTS
AS OPPOSED OT THE USA EAT SHEET DEALS THAT BUSH AND CLINTON ARRANGED FOR THIER FRIENDS... OVERSEAS...
CHINA IS DUMPING STEEL FOR EXAMPLE AND MANIPULATES ITS CURRENCY WITH A TWO TIER SYSTEM..
FAIR TRADE IS FINE BUT WHEN THE USA CONTINUOUSLY GET THE SHORT END OF THE STICK (JAMMED UP ITS...) IN THE NAME OF FREE TRADE IT IS BECAUSE WE HAVE BEEN SOLD OUT AT THE TOP...
THAT IS WHAT TRUMP IS GOING TO CORRECT AND ELIMINATE....
and that is what needs to be done
and the existing ESTABLISHMENT wont do it
Hillary wont even release the transcript of the wall street speeches....
because it shows she is no wall street reformer and has cut a deal with the BANKSTERS.. while pretending to care about the middle class ...who she loathes...
I pray that they dont assasinate Trump...
the opposition is ruthless and will stop at nothing...
Soros is pure evil and so is Hillary
I thought excessive use of the executive pen was supposed to be a good thing.
Trump’s trade policies are a disaster and the vast majority of those with college level economics education fear protectionism.
But Trump is great on everything else.
The author claims electing Trump could “trigger...a recession”. When we have recently seen Fed articles that describe how they are dawning on the fact that we have been in a Depression for years this author is pretty out of touch in the first paragraph.
The problem with this type of “Trade” is that we buy everything from them and they buy nothing from us.
The trade goes only in one direction while Americans get fleeced.
Some folks worried that the taxpayer-funded gravy boat might be forced into reality.....
oh, so NOW they’re wetting their pants over the Executive Branch having too much power.....
Bob buddy, let’s stop calling it “free” trade. We all know that the US subsidizes defense of other countries, damage to the environment is exported to other countries, and other countries use slave and child labor that is illegal in this country. That’s not free.
“free trade”??. No its corporations working out deals that even our Representatives can’t see.
We can’t keep giving our jobs to the world and throwing the unemployed onto the care of government. This keeps boosting reliance on government and votes for Democrats.
Look at what you buy, see where it is made. If they can make it then so can we.