A successful businessman does not necessarily mean he understands the free market or the problems with big government. A lot of successful businessmen LOVE big government. When anyone including Trump talks about the Democrats having any kind of positive influence on the economy, you know something’s wrong.
Trump fails to identify the REAL CULPRIT of our economy: the federal government. Why Let me count the ways - a sampling of the more obvious - much more than this:
- minimum wage: an economic disaster that directly sends manufacturing and jobs elsewhere
- corporate taxes: no such thing - the costs are passed done in the form of higher prices - it’s simply a higher tax on us the consumers. Another factor sending manufacturing and jobs elsewhere.
- the federal protection of unions - so obvious, don’t need to talk about it - helped kill Detroit and the influx of better cars from Japan.
China and Mexico aren’t the main bad guys. The real main economic bad guy is the $4 trillion mostly unconstitutional federal government. Trump doesn’t seem to get that.
While that statement is true. I don't claim Donald understands the economy because he is a successful business man. Donald understands the economy because his prescription to fix our economy is the right prescription.
Our country had high import tariffs for our first 180 years. And we did just fine. Our industries grew and competition among American firms kept prices low and quality high.
We lowered the import tariffs in the 60's. And we've been losing industries every since. It took a while to gain momentum but eventually off-shoring became a huge problem.
China and Mexico aren't bad. They are just playing by the rules. Rules that we defined. If I was China, I'd try to get the U.S. to offshore every business it could to me.
The wage differentials between our countries dwarf the impact of corporate taxes and regulations. Chinese will work for $2/day and don't buy the weekly propaganda from China that they are about to crash or that their labor costs have risen. They've been claiming that for years. They still have 200 million people working in the fields that would love to come into a factory job.
Comparative advantage works when countries exchange trade goods. That's not what we are doing. China is simply providing labor which causes us high unemployment. They aren't using the funds to buy stuff from us, except for our debt and worse our equities.
We are liquidating America to buy cheap imports. The price of cheap imports doesn't reflect the cost of paying for the unemployed Americans. The price of cheap imports doesn't reflect the opportunity cost of not having those Americans working and paying taxes to federal, state and local governments and buying even more goods from other American businesses. The price of those imports don't even reflect the cost of taxes that domestic producers have to pay. Our average import tariff is now about 1%. But our domestic produces pay about 15% in labor taxes.
Trump gets it and you don't. Trump gets it and Cruz doesn't. Cruz has made two horrible mistakes lately. Trying to give Obama fast track authority to negotiate even more free trade deals, which Trump called stupid. And trying to kill the Export-Import Bank, which has returned 7 billion dollars in profits to the treasury in the last 20 years while helping our exporters.
We have a huge trade deficit. So did Greece, until their unemployment went so high, they couldn't afford imports. That's the path we are on. We need to change course. Trump understands that. Trump is the only candidate that gets it.
While that statement is true. I don't claim Donald understands the economy because he is a successful business man. Donald understands the economy because his prescription to fix our economy is the right prescription.
Our country had high import tariffs for our first 180 years. And we did just fine. Our industries grew and competition among American firms kept prices low and quality high.
We lowered the import tariffs in the 60's. And we've been losing industries every since. It took a while to gain momentum but eventually off-shoring became a huge problem.
China and Mexico aren't bad. They are just playing by the rules. Rules that we defined. If I was China, I'd try to get the U.S. to offshore every business it could to me.
The wage differentials between our countries dwarf the impact of corporate taxes and regulations. Chinese will work for $2/day and don't buy the weekly propaganda from China that they are about to crash or that their labor costs have risen. They've been claiming that for years. They still have 200 million people working in the fields that would love to come into a factory job.
Comparative advantage works when countries exchange trade goods. That's not what we are doing. China is simply providing labor which causes us high unemployment. They aren't using the funds to buy stuff from us, except for our debt and worse our equities.
We are liquidating America to buy cheap imports. The price of cheap imports doesn't reflect the cost of paying for the unemployed Americans. The price of cheap imports doesn't reflect the opportunity cost of not having those Americans working and paying taxes to federal, state and local governments and buying even more goods from other American businesses. The price of those imports don't even reflect the cost of taxes that domestic producers have to pay. Our average import tariff is now about 1%. But our domestic produces pay about 15% in labor taxes.
Trump gets it and you don't. Trump gets it and Cruz doesn't. Cruz has made two horrible mistakes lately. Trying to give Obama fast track authority to negotiate even more free trade deals, which Trump called stupid. And trying to kill the Export-Import Bank, which has returned 7 billion dollars in profits to the treasury in the last 20 years while helping our exporters.
We have a huge trade deficit. So did Greece, until their unemployment went so high, they couldn't afford imports. That's the path we are on. We need to change course. Trump understands that. Trump is the only candidate that gets it.