What Trump and Sanders Get Wrong on Trade

Townhall.com ^ | April 2, 2016 | Steve Chapman

[rstrahan]

Investing in Wall Street in companies now sending jobs overseas does not make new good paying jobs in the US. Only feeds the Wall Street bankers.

[cba123]

I disagree completely.

Completely.

We have been sold out for year. More than one entire generation.

Bring back American jobs.

[vette6387]

It’s Townhall crap again! Just why do we post stuff from this rag? They are almost as bad as the NY Slimes! Ditto for NR, Limbaugh and Levin. They have all gone over to the dark side!

[cba123]

Correction:

“We have been sold out for years.”

[heights]

Unfettered Trades been Great for Manufacturing. In China that is....

[JBW1949]

Yeah, you’re right...Multi billionaire businessman, Donald Trump knows nothing about trade...

Uh-huh...Yeah, riiiiight....

[Rennes Templar]

“Last year, foreigners bought $11 trillion worth of stocks.”

Americans should have the funds to invest in these stocks and reap the dividends. Instead they’re trying to avoid Obamacare penalties.

[Oldexpat]

Foreigners are recycling our dollars buying companies and real estate..some of the companies are being absorbed by non US companies for tax advantages. The real estate investments are speculative and driving up prices. These are not positive trends.
We need to change our corporate taxes to make our companies more competitive and the US a better place to HQ companies.

[austingirl]

Trump lacks a basic understanding of economics and trade. Building a casino and hiring a bunch of illegal aliens to work for you does not translate into managing a national economy.

He says he is going to bring overseas jobs home. How? Through force? Through federal fiat? Corporations look to give their shareholders value by making a profit and keeping costs low. Will Trump bring jobs back to have US citizens work for the same wages as they do overseas? He is unraveling and looked like a fool on the Chrissy Matthews interview. Matthews laughed in his face.

[Ciexyz]

What happens when Americans can’t afford to buy the junk that’s available to them on store shelves? When people are driving around in cars that look like they belong in the junk yard?

[vette6387]

“What economists at the Federal Reserve Bank of St. Louis noted in 2006 remains true today: “Capital account surpluses, and therefore current account deficits, are being driven primarily by foreign demand for U.S. assets” — not by unfair trade practices, cheap foreign labor or currency manipulation.”

If I interpret this correctly, the practice of selling the assets ( and I would guess real estate is a primary asset) of this country to foreigners is a “good thing!” Having the Ch1nks own an ever-increasing percentage of our land that they are able to buy with their trade surplus bucks will end up with them being able to take over our country without firing a shot! But hey, the Wall St. folks can just wall off Long Island for themselves, so it won’t be a problem.

[nascarnation]

Then we look like “Cuber”

[dsc]

“We have been sold out for years.”

It wasn’t the Japanese steel industry that destroyed ours; it was the entire nation of Japan, from the prime minister down to the salarymen who accepted a low standard of living for Emperor and country.

Same thing with the auto industry. Our auto industry was smashed by Japanese government subsidies and the sacrifices of the Japanese people.

How is that free trade, when foreign governments subsidize attacks on us, and our government does nothing but handcuff US industry and ram a red-hot poker up its bum?

And that’s what makes the writer of this article a drooling moron: we have never been on the receiving trade of free or fair trade, and to continue extending it can only be national suicide.

[Neu Pragmatist]

Your post is all over the place and doesn’t make much sense , kind of like Cruz’s campaign ...let’s go with your false premise that Trump has no clue about economics - why then is Cruz now parroting and copying Trump’s positions ?

[hiho hiho]

“Trump lacks a basic understanding of economics and trade. Building a casino and hiring a bunch of illegal aliens to work for you does not translate into managing a national economy.”

He certainly has more understanding of trade than the freshman senators from Illinois or Texas. Certainly more understanding that the Socialist from Vermont or the shakedown artist and ex-senator/sec. of state from Long Island.

[AmericanRobot]

Free trade doesn’t equal fair trade. They never told us the free part was for those sucking us dry.

[Will88]

“Capital account surpluses, and therefore current account deficits, are being driven primarily by foreign demand for U.S. assets” — not by unfair trade practices, cheap foreign labor or currency manipulation.”

And another term for that is liquidation: the owners (the USA as a whole) selling off assets to pay current obligations. Pretty strange that some economists think selling off assets is a positive trend. Maybe we'll someday settle all our foreign debt by selling off Alaska, or selling off drilling and mining and timber rights on federal lands. Wouldn't that be great.

[austingirl]

My post makes perfect sense to anyone who can grasp the concepts it presents.

Keep on supporting the man who never met a big government program he didn't like.

[VitacoreVision]

How the Free Trade Agenda Is Knocking Down America
-- The New American (PDF) Special Report
http://www.thenewamerican.com/files/TNA2917.pdf

The Special Report includes the following articles:

- The "Free Trade" Agenda Threatens Our Rights
- Global Merger: Piece by Piece
- The EU: Regionalization Trumps Sovereignty
- Trade Promises... and Trade Reality
- North American Union: From NAFTA to the NAU
- Fast-track: Enabler of the "Free Trade" Agenda
- Regional Scheme for the Pacific Rim
- EU/U.S. -- Transatlantic Convergence