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 nations 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 OReilly, 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.
Its very tough for our companies to compete with Chinese companies because very simply they manipulate their currency theyre professionals at it, he said, adding the solution is a 25 percent levy on their goods.
(Excerpt) Read more at newsmax.com ...
Trump brings out one of my pet peeves about these presidential campaigns, both with Obama and McCain in 2008, but with Trump he is in some ways worse.
He has all these easy solutions. He's just going to tell China to send back our manufacturing and they will do it. He's just going to tell OPEC to lower our gas prices and they will do it.
He was on Cavuto yesterday and was asked about carrying out the threats he claims he will make to them, he said that they will just cave if someone stands up to them.
Then he was asked why none of the other presidents did that if it was so easy, he replied that they are either not as smart as him or as tough as him. Now you know he is full of crap with an answer like that. Obama was going to talk to our enemies, and McCain was going to clean our coal, it was just going to be so easy and they got the easy solutions.
We got a snake oil's salesman here.
Well, there are ways of doing it. Should we just not try? Are you saying “done deal, can’t be done”?
(1) fears about disruptions in oil supplies due to political turmoil in the Middle East, (2) continued slide of the dollar in relation to other currencies (and global oil sales are priced in dollars), (3) investors betting that both those conditions will continue and placing bets on higher oil prices on the futures markets - paying more for futures contracts, thus (4) raising distributors expectations on the price they will pay for their next deliveries, which they are passing along now. Just a guess.
I am saying they must tell me the truth. Don't tell that it would be easy and others didn't do it just because they are not as smart as you. Tell me what you will do and what the benefits and drawbacks are, both short term and long term.
I have seen this snake oil before and many independents and some Republicans fell for it in 2008.
“Washington sold them out, with the help of people like John McCain,” the announcer continues. “He supported tax breaks for companies that ship jobs overseas. And voted against cracking down on China for unfair trade practices. We cant afford more of the same.”
Obama ad slams McCain on China trade(September 17, 2008 )
Once in office Obama had to fess up and say that those jobs will continue to leave just as Trump would do.
...eh...he likely got shut out of the Chinese property development boom and isn’t very happy about it. That’s my guess anyway. So, he has nothing to lose by branding the Chinese as an enemy of the US, however embellished that may sound.
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