1]. “We have an executive branch that seems determined to conduct trade policy based on a level of ignorance not seen at this level for 150 years and one that is virtually unknown among other major industrialized nations.”
**** [NOTE what this says: “..a level of ignorance not seen..for 150 years..” THE ENTIRE TRUMP TRADE POLICY IS BUILT ON GARBAGE, LUNACY, NONSENSE, IGNORANCE]
“I refer to the nonsense that says having the Untied States import a greater value of goods from another country that it exports to that country is not only harmful to our economy, but also represents some conscious, malign action on the part of the “surplus” country. Every economist knows that such bilateral balance of trade between a specific pair of countries is meaningless and should be ignored. If you doubt that, email your old econ prof or one at a college you support with your tax dollars or charitable contributions and ask them.”
“The sad thing about our situation is that nearly all of Trump’s economic advisors understand that his position is nonsense…So do most GOP members of Congress. So does nearly everyone in finance or in corporate management. But no one is willing to speak up. The media have failed abjectly.”
[ Edward Lotterman: “Let’s end the fallacy of trade ‘deficits'”; St. Paul Pioneer Press; 11/25/18 ]
*** “Never let yourself be persuaded that any one Great Man, or any one leader, is necessary to the salvation of America. When America consists of one leader and 155 million followers, it will no longer be America.”
[ Dwight D. Eisenhower ]
2]. “Two of Donald Trump’s favorite economic metrics are failing”. [Heather Long; Washington Post; 12/9/18]: “President Donald Trump has made it clear that he wants the stock market to rise and the trade deficit to fall and that his policies will make it happen. But so far this year, Trump is getting the opposite result: The trade deficit is soaring while the stock market is careening down.”
“The U.S. trade deficit is at its highest level in a decade…Trump’s trade war appears to be making the trade deficit worse.”…
“The Dow and Standard & Poor’s 500, two of the most closely watched metrics of U.S. stock market performance are now negative for the year.
“The stock market couldn’t be any more disapproving of the president and his economics team…This administration has to tone down its war with the world…with all gains wiped out for 2018, he has turned to blaming others for the market spiral.” [ And, as we all ‘know,’ Trump as the ‘savior’ of America, is NEVER WRONG!!! ]
NOTE: how gullible and misinformed are YOU??? What makes YOU think the 2025 ‘trade war’ is going to end any different??? Economists for 200 years, corporate leaders apologizing in foreign country business trips, the stock market, and – YOUR pocket book – ALL tell YOU one thing: Donald Trump is an IGNORANT IDIOT on economics [and, much else] – unfortunately for YOU, he is “running’ YOUR country.
*** “Every man is a damn fool for at least 5 minutes every day. Wisdom consists in not exceeding the limit.” [ Elbert Hubbard ]
*** “Power does not corrupt men; fools, however, if they get into a position of power, corrupt power.” [George Bernard Shaw]
*** “The risk is not in what he does not know, but in what he thinks he knows.” [ Jean Jacques Rousseau ]
With Justice For All 