Posted on 08/26/2015 5:47:02 PM PDT by WilliamIII
Here's a historical fact that Donald Trump, and many voters attracted to him, may not know: The last American president who was a trade protectionist was Republican Herbert Hoover.
Does Trump aspire to be a 21st century Hoover with a modernized platform of the 1930 Smoot-Hawley tariff that helped send the U.S. and world economy into a decade-long depression and a collapse of the banking system?
(Excerpt) Read more at cnbc.com ...
....yes he has....but that’s another issue.
I trust Trump far more than Kudrow on this issue.
More cheap labor garbage.
I used to listen to LK quite often, and found some good insights, but PLEASE !
Free trade is fine and desirable. Shipping our manufacturing jobs to foreign countries is not fine and not desirable. If you want to take your factory to Mexico or China to build your widgets and then turn around and sell them here in America, you should be prepared to pay a tariff AFAIC.
I like free trade. So eliminate zoning, professional licensing, crony capitalism, corporate welfare and government monopolies.
Because the American economy is doing so well under that world renown financial wizard, Barack Obama.
The only limitation is that it must be done legally.
Private companies, such as the ones I operated, have the freedom to do what they please. If they lose money, it is their money and no one’s business.
If government regulations, tariffs, taxes and laws close the advantages of manufacturing overseas to all, or make it less profitable, then you would not see CEO’s like Trump going overseas.
The industry I was in is almost nonexistent in the US today because of the cost of doing business here was dramatically higher than the cost of going overseas. Every one who tried to fight it went broke. That is BROKE.
Apparently you have no understanding of the difficulties of competing with overseas manufacturers.
>> It was FDR, not Herbert Hoover, whose Communist economics kept the Great Depression going ten years longer than necessary <<
Wrong. Neither man was the prime villain. Careful and pathbreaking research by Milton Friedman showed that the fault lay with the Federal Reserve system’s mistaken monetary policy.
We are not going to have a lot of Mexicans voting for us. We need to make up those votes with blacks and whites and Trumps trade policies can do that. We absolutely need “Trump Democrats” and independents in our tent.
Well, Trump has never been the CEO of a large corporation, or even worked at one.
And the democrats refused to work with Hoover to speed the recovery
Plus, if you look, Hoover was implementing many of the same policies FDR did.
You make a valid political point...but I’m sorry - I just do not pretend to believe the lie of something economically to pander to voters.
My whole thing is TRUTH....and TRUTH is that protectionism penalizes far more people than it helps, and it’s anti liberty, and it’s liberal. It just is. That’s why Bernie Sanders LOVES it.
I listened to Kudlow over the weekend and he is either ill informed on Trump or he is a spin mister for the establishment. He has wrongly assumed that Trump is a protectionist. Trump is an AMERICAN CAPITALIST. How is Trump going to make America great if he allows the status quo on the rediculous trade imbalances we now have around the world? He is going to gain free and FAIR trade agreements. If you know anything about negotiations, you never take anything off the table before you sit down, not even tariffs. If you subscribe to the McConnell approach (absolutely no gov’t shutdown) and disclose your hand before you start negotiations, you are certain to get screwed. Kudlow is in the McConnell school of stupid.
Hey Kudlow, the economy has been hurting for some time.
You just accused Trump of sending manufacturing overseas and going for cheap labor.
Now you say he can’t do it because he has no control over his companies.
Go away, troll.
The guys most responsible for pointing the economy in the wrong direction were Woodrow Wilson, who authorized the Federal Reserve, Teddy Roosevelt, with some of his “progressive” policies, FDR, and LBJ.
Then, of course, along come Clinton, Bush, and Obama. Regretably, Bush did nothing to reverse Clinton’s left-wing policies and appointments.
The Federal Reserve was enabled by FDR, who took the country off the gold standard and let them run wild.
>> I like free trade. So eliminate zoning, professional licensing, crony capitalism, corporate welfare and government monopolies <<
Mega-dittos!
And while we’re at it, we should eliminate the double taxation of corporate income, allow capital gains rollovers for investments besides real estate, eliminate the minimum wage, institute a “flat” income tax, allow health insurance to be sold across state lines, increase offshore drilling and allow personal investment accounts to substitute for social security.
Trump doesn’t manufacture anything. Virtually all of Trump’s businesses are service businesses. There is a big difference.
Trump needs to start speaking about Taxes asap or he will be defined as a Protectionist who wants to punish businesses for fleeing taxaholic states and the Fed govt
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