Rush should have blinked when he realized he was agreeing with Al Gore on NAFTA...
Posted on 07/26/2018 12:27:49 PM PDT by central_va
Sorry for the vanity but Rush did a 180 on trade today and I am proud of him.
Rush confessed he was wrong all of these decades about trade, live on air just a few minutes ago! He also admitted Perot was correct and the the one sided trade the US( and its workers ) have been subjected to was wrong and it was erroneously pawned off as 'free trade'. He said he was duped by economists.
I just listened in amazement committing free trade heresy live. It was a great radio show today! Awesome!
Rush is off my S list. He is big man for doing this.
Rush should have blinked when he realized he was agreeing with Al Gore on NAFTA...
We are ALL in favor of actual free trade. What I am not in favor of is being tied up and raped while I am being told it is free and fair.
“He even pretended his TV show was moved to Mexico”
Fixed
President Trump’s chief economic adviser said Thursday that European Union Commission President Jean Claude Juncker pledged to back the U.S. trade fight against China.
The commitment to take on China’s trade abuses was made as part of the breakthrough zero-tariff deal struck this week by Mr. Trump and Mr. Juncker, said Larry Kudlow, director of the president’s National Economic Council.
“The United States and the E.U. will be allies in the fight against China, which has broken the world trading system,” Mr. Kudlow said on Fox Business Network’s “Varney & Co.”
He said that China attempted to enlist the E.U. to oppose Mr. Trump’s get-tough trade policies but Mr. Juncker refused.
“Juncker made it very clear yesterday that he intended to help us [and] President Trump on the China problem,” he said.
The agreement to negotiate zero tariffs, zero barriers and zero subsidies on non-auto industrial goods avoided a full-fledged trade war. Mr. Trump pushed the E.U. to the brink of a trade war to get an agreement to level the playing field for U.S.-E.U. commerce.
This topic was covered very nicely in the Federalist Letters in the discussions regarding the commerce clause. In order to have free trade, it is essential that everyone plays by the same rules. That is what DJT has been saying from the get-go.
I would like to see a tariff comparison for major import/export commodities for several of the major trading nations (with the USA). Their fees and taxes and “tariffs” on us and us on them.
Then I would like to see that analysis measured against the trade imbalances for the same countries (volumes of products). Finally, I would like to see the actual price differences in USD for each of the same countries at the point of distribution/consumption in the respective countries.
Yes. In fact, he is more popular than ever. Rush has never had so many listeners in his 30 years on the air. Almost 30 million. Catch up!
All that is out there so go get it.
It’s not free trade...it’s a zero sum market meaning no tariffs.
Sure, and on the deck of the Missouri the US begged Japan for a peace treaty. Gotcha.
I think Trump already saw want you want to see!
He is not the only one. I was a worshipper at the “Free Trade” Totem for more than 20 years myself. It was “GOP Gospel” since the time of Reagan, and especially during the Bush-Clinton-Bush-Obama era. And it HURT the nation.
BIGLY.
I came to the same conclusions as Rush did today, only years earlier.
Frankly POTUS Trump had a lot to do with changing my thinking on that - years before he announced that he was running.
Rush finally noticed those seventy thousand factories that are gone & the middle-class struggling for 30 years.
What an eagle-eye. He’s known this forever. Took Trump to shove it down his throat until he coughed it up.
I paraphrase: he said he bought off on free trade decades ago based on phony economic theory. 'Free trade' was sold as 'they' get to export to us duty free and 'they' can tariff out exports all they want. This is what was passed off as 'free trade' back in the day. He also said retaliatory tariffs are necessity and Trump is/was right to do so.
As far as NAFTA goes, he had originally not supported NAFTA ( I am a long time listener and I don't remember that but I take him at his word) but some old guy economist, whose name I can't remember, erroneously led him astray on 'free' trade. So he became anti Perot and pro NAFTA.
Some good radio today.
Far to complicated for the addressee of your reply to understand.
Climate Science is not.
Dismal Science is, well, dismal.
Out of curiosity, why was the auto industry specifically excluded in the “free trade” discussion?
Europe taxes the heck out of American vehicles.
I think that is fair.
“It’s funny he would do that just a day after Trump admitted his trade war was asinine and begged for a truce.”
Actually Trumps threats of a trade war were naught but a bargaining position. Trump won. When we have true free trade none can defeat our great American industry and ability. Trump won. China is next!
The real hell of it is we actually had a real trade war with Europe (the EEC) both would suffer but the EEC would be devastated and we would hurt a little bit.
Being the baddest dog in town has its advantages.
Note to Angela Merkel:
We can supply your need for natural gas via LNG but it will cost about 30% more than what Russia can supply to you. If you become dependent on Russia, she can turn the valves off and your economy becomes null and void. Also if you did not go insane about renewal able power sources you could have used your abundant coal resources. You did not and you are now dependent on Russia.
German engineers are pretty good. German politicians are abysmal.
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