President Donald Trump just opened the first salvo in a trade war by imposing tariffs (taxes) on steel (25%) and aluminum (10%). It won’t end well. (more…)
The other day President Donald Trump tweeted, “The United States has an $800 billion Dollar Yearly Trade Deficit because of our ‘very stupid’ trade deals and policies. Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more.”
If it is the case that we have been fools to engage in “one-sided” free trade with other countries, then Trump personally entered into a “very stupid” deal resulting in a huge personal trade deficit. (more…)
I checked out my closet to see where my clothes were made. My shirts were made in Vietnam, China, Peru, Honduras, Nicaragua, El Salvador, Dominican Republic, Mauritius, Singapore, Thailand, and Turkey. My Levi jeans were made in Bangladesh, India, and Mexico. I couldn’t find any clothing made in America. Maybe I didn’t look hard enough. At Costco you can get a very nice all cotton t-shirt made in Peru for $12.
Think about all the jobs lost because of these cheap imports. If Costco was truly patriotic why don’t they buy American made clothing? Wouldn’t that keep jobs in America? Trump says that China and Mexico are stealing American jobs. (more…)
One can see President Trump as a decisive leader who takes bold action to move the country forward. Or, one can see him as a leader blissfully ignorant of the consequences of his actions.
I choose the latter interpretation.
I am reading about the consequences of his edict to ban entry to people from the seven prohibited countries. This is just one edict among many that are bold and reckless. These actions reveal a pattern to his decision-making.
There are six elements to President Trump’s thought process: (more…)
On Inauguration Day Donald Trump was sworn in as the 45th president of the United States of America. His inaugural address was stern, painting a bleak vision of America, yet promising to resurrect America from its “carnage”.
The paramount theme of his address, which will be the defining issue of his administration, was to revitalize America by protecting it from foreign competition. He will metaphorically wall off America. “From this day forward, it’s going to be only America first, America first.” “We will follow two simple rules; buy American and hire American.” (more…)
The rumor is that Ivanka Trump was the one who, during election night, came in and told her father that he was pulling ahead in the presidential race. His response, “What do you mean I’m ahead?” is something I made up, but it has a strong ring of truth to it. At the outset of the evening the polls and the TV commentators were ready to crown Hillary Clinton, but as the night dragged on something else happened.