Posted on 08/29/2015 9:14:18 AM PDT by Hojczyk
By Stephen Moore & Lawrence Kudlow
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.
Obviously that economic strategy didn't turn out so well either for the nation or the GOP.
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?
We can't help wondering whether the panic in world financial markets is in part a result of the Trump assault on free trade.
Trump is also now running full throttle on an anti-immigration platform that could hurt growth as well and alienate Republicans from ethnic voters that the GOP needs if it is going to win in 2016.
We call this the Trump Fortress America platform. He clearly sees international trade and immigration as a negative sum game for American workers.
He recently announced that as president he would prohibit American companies like Ford from building plants in Mexico. He moans pessimistically that "China is eating our lunch" and is "sucking the blood out of the U.S.?"
But strategic tax cuts and regulatory relief after the anti-business rule-making assault by Obama, not trade and immigration barriers, are the solution to America's competitiveness deficit.
A draft of Trump's 14-point economic manifesto promises that, as president, he would "modify or cancel any business, or trade agreement that hinders American business development, or is shown to create an unfair trading relationship with a foreign entity." Special: Engineers Call This the Solar Panel Killer His immigration stance would not just deport illegal immigrants, but even lock the golden doors to those who come lawfully
(Excerpt) Read more at newsmax.com ...
bkmk
Sure, Germany's economy is maxing out due to Big Government subsidies and consumer taxes.
Gosh isn't big controlling government great.
Embargo Communist China. That’s all.
One more thing, I always thought our diversity was a weak point, you will not go on the one needed path of you have umpteen people pulling the wagon into umpteen directions. I daresay that in more homogenous nations like Germany (until the muzzies take over), Norway, Japan and so forth where people generally have the same wants and needs, things will get done in a more timely matter. Even socialism “works better” because of that as well, being homogenous is a key. Here in the U.S., the wants, needs and expectations above a basic level are different among differing peoples and areas. A person in Texas has more need for A/C while one in Alaska has more need for a furnace. Also, among differing ethnic groups that also have differing outlooks and wants. If TSHTF happens, nations like ours and Canada could fly apart.
Correct, we also need to have tighter immigration controls. With the exception of spousal or family visas and citizenship and those truly fleeing oppression, I would cut immigration to almost zero for 5 or 10 years as we got our house in order. I would also deport illegals, we have to, the journey begins with the first step.
But we have big government subsidies and high taxes too. And those VAT taxes are backdoor tariffs. The difference is the Germans protect their turf. That’s what having a country is for, otherwise, why bother?
I don’t see Trump as a protectionist. He seems to have no problem with trade.
He wants better trade deals that benefit the American people. He wants to bring some jobs back here.
I have no problem with that. We need the jobs.
So then the solution is less government control not more.
Isn't it a twisted and degraded mind that walks out of a house that needs 7 dead bolt locks to hop in a car that needs further locks and alarms to stop at a bank to use an ATM that needs an armed guard to patrol, on your way to a shopping center where you'll probably pass 15 drug houses to get out of the car in a parking lot where if it is dark, you better be aware of your surroundings, etc., looks back at a time when none of this was needed as inferior?
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