Posted on 01/16/2020 12:31:12 PM PST by rintintin
CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a “phase one” trade deal with the United States.
“I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese officials were set to sign the initial trade agreement at the White House later in the morning.
(Excerpt) Read more at cnbc.com ...
He gives the impression he comes from a working class background.
Will they make him “walk this back” by tomorrow?
No. His ratings are more than good enough to make him say F off’ to his NBC leftard taskmasters. He should have been fired a year ago as he even though he was late in the game in admitting Trump is a damn good president, he’s still a disciple of PDJT’s policies..
Remember 4 years ago when radio hosts were screaming about Free Trade and how they would vote for any of the other 17 candidates over Donald Trump.
hopefully that puts the bankrupt ideas from the so called “free traders” out to pasture for good.
Well la de frickin’ da. Who whoulda guessed...
“free traders”
Some people confuse “free” to mean “stupid”.
No no, orange man bad
We all have Barack Hussein Obama for this economy. Barky is the reason our president is UGE.
I remember when Rick Santelli was a voice of reason on CNBC — actually sparked the Tea Party movement.
Tariffs are a NO_BRAINER.
In any trade war the country with trade deficits holds all the cards. Because the country with trade surplus is the beneficiary with more manufacturing (#1 wealth creator in a country). In a trade war the country with surplus loses and vice versa.
China can’t just be nice, feel sorry for America and give up the trade surplus. Millions of manufacturing jobs in China depend on it. Imposing tariffs is the tool US can impose more effectively because we import more from China than China imports from us. Which means, for those living in Rio Linda, China can retaliate only a small fraction with their tariffs on American imports.
Trump is the first president in my 60 years living in United States who recognized the problem of trade deficits and had a pair to force China into serious trade deals. I never imagined I would live to see a president with so much common sense and a pair to go along with it. We are extremely lucky that Trump ran for president giving up his 6-star cushy life to put up with Mueller hoax and impeachment hoax.
yes. too many bad economic ideas born of fear and fecklessness came out of the 30’s depression.
thank God for Pres. Trump, his courage, and his economic knowhow.
Wall Street is nothing more than a place where instruments of investing are traded. What can “Wall Street” do for the average working man/woman/family?
They may be Bohemian Grove elitists that go through the ceremony for the "cremation of care". Eliminating their care and concern for others frees them to pursue their agendas without regard for how it might adversely the masses.
adversely affect the masses
Compare and contrast
Obama Flashback: Jobs NOT Coming Back Under Trump
https://www.westernjournal.com/obama-jobs-not-back-trump/
Trump’s Policy “Magic Wand” Boosts Manufacturing Jobs 399% In First 26 Months Over Obama’s Last 26
Amazing what happens when the Police class is forced to stop clinging to the Breton Wood economic polices designed by Russian Stalinists and US/UK Socialists and re-think US policy to fit the new century
Political not Police
We have known for centuries that tariffs work. The United States functioned with tarrifs for most of its existence.
We hava always had people here at Free Republic who opposed tariffs. Every single one of them has also known that tariffs would work for the benefit of the country, but they had personal agendas which benefited from blocking the use of tariffs.
“Wall Street is nothing more than a place “
Don’t play dumb. Obviously the reference isn’t to Wall Street as a street or a location or a set of buildings or even an industry in a disembodied sense. It’s to the PEOPLE who lead the financial industries - people who have overwhelmingly opposed Trump’s economic policies. Not only do they oppose tarrifs, but - as you’ll know if you watch the talking heads and interviewees on CNBC — they don’t want people’s wages to rise beyond inflation (in other words they don’t want real wage growth) because higher wages are supposedly bad for the economy and somehow threaten profits and stock market gains.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.