Posted on 04/01/2011 5:39:22 AM PDT by conservativegramma
Billionaire mogul Donald Trump warns China and OPEC are “decimating” the U.S. economy — respectively taking the nation’s jobs and holding oil prices hostage — and America needs to quickly counter the trends, before the United States becomes totally beholden to hostile foreign interests. The presumptive 2012 presidential candidate also says the U.S. tax code must be reformed, so jobs can return to America.
"China is taking our jobs . . . and we have to do something about it — and we have to do something about it quickly,” Trump said, in part two of an interview with Fox News’ Bill O’Reilly, which aired Thursday night. “They are decimating our country just as OPEC is decimating our country with their oil prices.”
Trump said the United States needs to threaten to impose heavy taxes on Chinese products, to force the communist giant to stop manipulating its currency.
“It’s very tough for our companies to compete with Chinese companies because very simply they manipulate their currency — they’re professionals at it,” he said, adding the solution is a 25 percent levy on their goods.
(Excerpt) Read more at newsmax.com ...
“I’m not sure what his agenda really is…”
1. He is extremely smart.
2. He is a patriot.
3. He is visionary.
4. He is a great leader because he fears nothing; and again, because he is smart.
5. He knows business inside and out.
6. He knows how the crooks think.
7. He owes nothing to Soros as do the rest of the crooks.
8. And also, he is trying to protect his business accomplishments. If the U.S. goes down, all his hard work will go with it.
Keep in mind the words “smart,” “fearless,” and “visionary.”
If he positions himself as a spoiler, I will be highly disgusted. It does NOT work.
All of his frank talk and charisma will be for nothing.
I don’t know, so far there are no real frontrunners anyone is inspired by. Nobody has taken a real lead, No surprise there at all. In the Bush/ Clinton race, we had the WH. Different this time.
Who can blame them?
That's a Hannity clip of Trump, That prostitute wasnt going to kiss Obama on the RNC Hannity show. But here's an example of him on more liberal CNN:
Larry King: Is Obama right or wrong to go after these executives with salary caps?
Donald Trump: Well, I think he's absolutely right. Billions of dollars is being given to banks and others. You know, once you start using taxpayer money, it's a whole new game. So I absolutely think he's right. King: What about the whole concept of bailouts? Trump: Well, it's a little bit different. A lot of people are not in favor of bailouts. You know, we talked about all the different things going on in this country. Let's face it, Larry, we are in a depression. If they didn't do the bailout, you would be in depression No. 2 and maybe just as big as depression No. 1, so they really had to do something. The problem is they're giving millions and billions of dollars to banks and the banks aren't loaning it. ” “Trump: Well, I'd vote for a stimulus plan. I'm not sure that all of the things in there are appropriate. Some of the little toys that they have are not really appropriate, and they're a little surprising that they seem to want it, because the publicity on it has been terrible. I would certainly vote for a stimulus, but I would really vote for banks having to loan out the money because they're not doing that. CNN: "Trump: Obama 'absolutely right' on executive pay cap"(February 5, 2009)
I saw him on TV defend Obama after the stimulus was passed and say that Obama was handed a huge mess but he is doing a great job.
On one hand he wants the banks that got bailouts to be forced to cap bonuses, then he wants congress to force banks to give out loans again so they can fail again so he can bail them out again? Jeeze....
Um...that’s pretty much what every GOP politician said about the first bailout and stimulus.
I don’t see anything he said here that’s any different at least than the rest of the pack.
He has, however, made himself stand out more recently. And his position on China and such has been consistent for years.
You agree with Trump in that interview? You claim that all Republicans supported Obama’s stimulus in February 2009?
Congress needs to force banks to give out money again and then cap the excecutives pay when they fail because those loans go bad and taxpayers (Trump) bail them out again? That makes sense to you?
He said he didn’t think it was the right stimulus but something should be done. Most Republicans said “SOME” stimulus should be done but NOT Obama’s.
He’s FAR from perfect or as conservative as I’d like, but he seems to “get it.”
I have mixed feelings on capping pay, in general it’s an emphatic NO but yeah, there was taxpayer money involved...so I flip flop on that issue myself.
The loan part? Well that was the *intent* of TARP. To loan it out. That’s just not what they did with it. Whether TARP itself should have occurred is a different issue, but a LOT of Republicans (including Bush himself) supported it for similar reasons to what Trump mentioned. Even I personally (grudgingly) did back then.
And FWIW most of it has been paid back.
Really?? Wasnt it loaning it out what caused the financial problems in the first place? Didnt the Feds telling/forcing them to loan it out make it even worse?
So Obama/Trump will have the feds force the banks to give out more bad loans, then bail them out again with our money, then re-write their pay and compensation packages as punishment? (By the way, a number of banks were forced to take TARP.) You dont see serious problems with Trump's line of economic thinking?
Then he supports Obama’s stimulus , GAG
I wish I could interview him:)
Regardless, that’s what it was billed as.
Lending isn’t bad. IRRESPONSIBLE lending is. But when they held back, they held back TOO much.
I don't think I want corporate socialists and socialist corporatists like Obama and Trump (nor Paulson/Bush) deciding and controlling (with our money and Federal power ) what is too much and what is too little lending because in the end they will always put themselves in the ‘judging’ seat and anyone else in the ‘scapegoat’ seat.
Thanks for the debate this morning, nothing personal, this has been one of my #1 topics since the 2008 election.
No worries, it’s not personal, no offense taken.
I will finish with one comment that we can likely agree on:
If not for government involvement IN THE FIRST PLACE, it probably never would have come to that.
He’s an idiot.
The world’s oil prices are not being held “hostage” by Opec. Oil prices are being driven by the world’s massive expansion of the use of automobiles - particularly in Asia, the Fed’s cheap dollar policies, and hedge funds and other institutional investors placing bets that the first two factors will continue for some time. Opec and all oil exporting countries may benefit from those conditions, but they have not created them.
China’s trade imbalance with the U.S. is another feature of the Fed’s money printing machines; making it possible for the American economy to spend more than it is producing, which usually trends to excess consumption spending, which benefits cheap imports.
Reverse course at the Fed, raise interest rates and quit printing excess dollars and both imports and world commodity prices will come down.
That’s not to say that the Chinese currency is NOT undervalued. It most likely is. But, even if that fact was changed, the Fed’s policies would still have American’s borrowing and spending too much on consumption, saving and investing too little; which would still favor imports.
Why have oil and gas prices gone up about 20% over the last two months?
Good post sickoflibs.
Thanks, if you liked that comment I posted and ripped a summary of those Trump positions here : comment #28 after Trump's actions in that comment were defended by a freeper.
FUDT!
RE :”Good post sickoflibs.”
Thanks, if you liked my comment with the Trump interview showing him a corporate whore RINO, then you will like the summary I posted here :comment #28 after Trump's interview points were defended by a freeper.
FUDT!
I would like to believe that Trump wouldn’t turn left if he were POTUS, and Romney wouldn’t push amnesty, and Gingrich wouldn’t go back to being a global warming believer....
Exposing Trumps new found “republicanism” is a valiant effort. But I do hope he keeps it up as I agree with much of what he is saying today. I don’t consider him a serious contender for the White House but he can help set the dialogue. Just as Tancredo brought immigration into the discussion in the 2008 primaries, I hope Trump keeps hammering some of these economic issues.
BTW, it isn’t just Democrats and liberals that are unhappy about China. Watching manufacturing move to China, funding the buildup of their military and giving a communist country more global power, isn’t a partisan issue. In fact, I think many Democrats (e.g. ex-Walmart Board Member Hillary) are just pleased as punch at running productive manufacturing out of the U.S.
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