Posted on 03/24/2020 5:37:12 AM PDT by bitt
President Donald Trump did something difficult and remarkable during the White House press briefing on Sunday: he stood up for the free market in a moment of crisis, when at least half the country is pushing him to abandon it.
A reporter asked the president why he was not using the Defense Production Act to nationalize industries to take control of companies and force them to produce needed health care equipment for treating coronavirus patients.
Trump’s answer was that the United States does not believe in nationalization, and does not need it, either:
Q: Mr. President, when it comes to the Defense Production Act. We know that governments across the country all day today were pleading with you to utilize. the DPA, to us it —
Trump: Well, it depends which governments you’re talking about.
Q: — specifically for that allocation piece that you mentioned, Mr. [Peter] Navarro. Why not use it now, if that would answer their pleas for help?
Trump: Well, we are using it now. The fact that I signed it, it’s in effect. But you know, we’re a country not based on nationalizing our business. Call a person over in Venezuela. Ask them: how did nationalization of their businesses work out? Not too well. The concept of nationalizing our business is not a good concept.
The president continued by explaining that the private sector knew better than the government how to produce needed commodities — and which companies should produce them:
Trump: Here’s the beauty of it. If we go out and we want, let’s say, masks, we don’t know who to call. But Hanes, who makes things of cotton, various elements, lots of things, it’s a great company. They called us, and they said, “We’re going to make millions of masks.” We got a call
(Excerpt) Read more at breitbart.com ...
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Rally!
George W. Bush’s greatest failure (exponentially) was his failure to secure the border immediately after 9/11.
That was Madness.
This country is more than capable of stepping up to the plate without the force of government making us do it.
I’m glad Trump supported free market principles in a crisis. It’s the correct stance and took courage.
That's the American spirit at work !!
The country was born with a revolutionary spirit, and the ability to 'think outside the box'.
We innovate adapt and adjust.
China just makes facsimiles, copies the USA, and doesn't innovate, nor have the capacity to innovate.
Yes, but “true conservatives” didn’t support Trump and still don’t. They would rather have Hillary as POTUS..the f’ing morons!
Trump is simply the most conservative President since Coolidge, and quite possibly the best President since Washington. His defense of the free market in a time of crisis is historic.
The thing is, they very likely capture a good portion of this business, go-forward.
A lot of people learned a very painful lesson, from all of this:
Make things in America.
You don’t want to put a stupid dinosaur in front of a plow. Government is a stupid dinosaur.
You want crops, you want results, people do that. People grow crops, people make stuff, people create wealth.
What kind of people? Free people.
this is absolutely delusional.
One of the definitions of fascism is government ownership (or control) of the means of production. Trump has rejected that fascist idea in favor of free-market economics.
I saw President Trump deliver that message and it was very reassuring.
He is a free market guy. I hope his beliefs aren't diluted by the need to get re-elected.
He’s not a free market guy. in a free market, all these companies with no cash, mountains of debt, and suddenly no customers - airlines & Boeing for instance - would enter bankruptcy proceedings. He favors creating money out of thin air in limitless quantities to subsidize failure.
Excellent article! He may have signed the law...but very quickly stated that he hasn’t had to use it...and doesn’t want to. He has kept his head while some are losing theirs.
And I could not be prouder of those companies who have stepped up to mass produce, retool and start production and do whatever it takes to assist.
In this case his decisions led to all those conditions coming home to roost. Guess you could say also not free market. But, he is correcting that situation his decisions led to, or trying to.
Well, actually...
I wouldn’t mind if President Trump used his Emergency Powers to temporarily “nationalize” CNN, MSNBC, the New York Times, the Washington Post and other confirmed pushers of “fake news”.
We all know that “panic” sells newspapers and broadcasts.
And we FReepers know that our anti-American media is doing the equivalent of falsely yelling “FIRE!” in a crowded theater. Like all frauds, lies are being told to generate PROFITS!
I would like to see the “new” New York Times adopt a new motto:
“The TRUTH, for a change!”
You don’t want to put a stupid dinosaur in front of a plow. Government is a stupid dinosaur.
It does at times do some limited and defined things well, but when that situation is over, it keeps doing it and gets more and more off-kilter.
Yet, every business in America is currently either shutdown or severely harmed by government orders.
If Trump wanted to stand with America, he would put a stop the unemployment of millions by opening those businesses back up. We have dictator governors and mayors who are operating outside of the law.
This is true, and I favor this approach.
"He favors creating money out of thin air in limitless quantities to subsidize failure."
What makes you say this?
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