I’m starting to see a pattern here from the Washington Post Editorial Board. It’s another day, another crazy editorial from the WP editorial Board. Previously, we’ve learned that a Pres Trump could deport freely (hooray!), that he’d end the era of US global leadership (not much left to lose after 8 years of Obama) or something, and that he could wreck progress on ‘climate change’. Now we see
A President Trump could destroy world economy
THE DECADES since the end of the Cold War have seen strong and widely shared economic growth, on a global scale. The portion of the world’s population living on $1.25 per day or less fell from 44 percent to 23 percent. Some 200 million Chinese, 90 million Indians and 30 million people each in Indonesia, Egypt and Brazil moved into the global middle class. This progress had many causes, but a major one was the United States’ hard work, under presidents of both major parties, to promote the free flow of goods and capital, within a robust legal framework, among nations.
Except, of course, the past 7+ years, where leftist economic policies have kept most of the 1st World in economic doldrums, where people, at least in the U.S., still think the country hasn’t recovered from the recession, and many still think we’re in one.
These policies benefited the American people, too — though by no means all of them, a fact that has caused understandable concern, especially in the wake of the 2008 financial crisis. Seizing on this backlash, and dissenting radically from the long-standing bipartisan consensus, Republican presidential nominee Donald Trump speaks of “bringing back†American jobs by repudiating international trade agreements and resorting instead to pressure tactics, such as threatening tariffs against China and other trading partners.
Because attempting to bring back jobs, businesses, increasing wages, and thinking of American citizens first is a Bad Idea in Liberal World. Which is an interesting idea, considering how many of the Democratic Party base are stuck working low wage, often part time, jobs. If they can get one after building up $50,000+ in student loans debt.
The United States needs to ensure that more of its own middle class shares in the benefits of globalization. Mr. Trump’s policies, however, could trigger a trade war, or wars, thus threatening the achievements of the past three decades without helping Americans who need it most.
So, doom.
Anyhow, a few more paragraphs of Doooooooooom, ending with
U.S. leadership of the global trading system has helped stabilize an area of international life that had bred conflict, even war, for centuries. To abdicate in favor of Mr. Trump’s zero-sum mind-set not only would undo the work of generations and lower the United States’ standing among the nations; it also would license other nations to conduct themselves just as selfishly. The disruption to market confidence could breed economic damage in excess of any transitory benefits. His approach would be a historic error, which, as president, he would be free to commit.
Here’s the question not discussed by the WPEB: what if his policies work? In reality, Mr. Trump would not implement policies that would damage American prosperity: he may be rather bombastic and wacky, but, he’s no dummy when it comes to business. He’s certainly smarter than our current president, who has never seen a year with 3%+ GDP growth since Herbert Hoover.
Many of the Trumpites say this election is about the Globalists vs. the Nationalists. Certainly, I have some serious reservations and concerns over pitching nationalism, but, while globalism has certainly afforded Americans cheaper goods, we’re seeing companies and jobs constantly bolt overseas. We see foreign workers brought in to take the jobs of American citizens for lower wages. We see countries dump their products in the US at a cost that is below typical value, damaging American workers and companies. Perhaps it is time to re-evaluate the global business models, and do what we can to put Americans first.
Again, do not take this as an endorsement of Trump. I’m simply amused by the incoherence, apoplexy, and fear-mongering of the WPEB, which never seems to question Hillary Clinton and her ideas in the least.
Crossed at Right Wing News.
These were the same arguments made by the “Remain” side in the Brexit debate; the patricians wanted to stay in the European Union, while the plebeians chose to leave.
Since then, the pound Sterling had declined significantly vis a vis the dollar and the euro, but British stocks are at record highs, consumer confidence is up and the manufacturing index is well over 50.
Maybe I’d have a bit more confidence in what the professional economists and the WPEB tell us will happen economically if they’d just had a better record with their predictions in the past.
There are many Americans who are more honest than Donald Trump but Hillary Clinton is not one of those people.
Leftist policies like unfettered shenanigans by the big banks, real estate lenders and Wall Street? Thanks for the deregulation.
If Trump succumbs to conservative economic policy, yes he may well wreck the world’s economy.
What evidence do you have that Trump is no dummy when it comes to business? No conservative intends to implement policies to damage prosperity, they just don’t know any better. His plan so far involves massive tax cuts for the wealthy and corporations, an international trade war, deporting undocumented immigrants and Muslims.
But curiously not doctors, lawyers, architects etc, only hotel maids, cooks, gardeners and roofers. Trump brings in foreign workers to save labor costs.
Worse than Trump bringing in foreign workers are our government policies putting US workers in direct competition with low wage workers overseas.
The GOP should start a whisper campaign suggesting that Congressional Repubs will impeach Trump if he’s elected installing the known Pence. This may get the ticket a few more votes.
Yep. Trump’s the problem alright…
Barky quietly delaying deportation of illegais
http://www.nytimes.com/2016/10/07/us/delayed-deportations-illegal-immigrants.html
Yep. Trump’s the problem alright…
More illegal money laundering between the Hag and the Fag…
http://lawnewz.com/high-profile/fec-complaint-accuses-clinton-campaign-of-illegally-coordinating-with-david-brock-super-pac/
Yep. Trump’s the problem alright…
Rampant voter fraud in Virginia and Pennsylvania…
http://lidblog.com/strangers-in-our-own-land-the-non-citizen-voter-fraud-disaster/
Jeffrey wrote:
Well, we’ve seen just how well liberal economic policies have done, with 2016 about to become the worst year for real GDP growth since 2009, just part of the worst economic recovery since World War II.
You are complaining that Donald Trump’s economic plans won’t work, but the problem is that Barack Hussein Obama’s economic plans have already failed.
But curiously not doctors, lawyers, architects etc,
These people are here on legitimate work visa’s because the USA has always had a policy to bring in the best and the brightest from other countries who want to live and work here. These people get pushed always to the front of the line.
We have plenty of hotel maids and roofers and don’t forget concrete workers….the concrete business has nearly been taken over by Illegals who are willing to work for peanuts.
But of course once they get here and can vote without the need for a voter ID they simply vote for those Democrats who promise them better stuff….more stuff….lots of stuff…….
But we know how that works right……They vote for those Democrats who then spend the next 2-4-6 years blaming the minority GOP for blocking everything….when all you need is a simple majority when guys like Harry Reid are in charge….but of course Harry Reid quickly learned that passing their types of bills…….
DODD/FRANK and ACA…..gets them crucified at the polls….so he falls back on the old reliable…..DO NOTHING….Blame the GOP because?
Because all these guys WANT THEIR JOBS MORE THEN THEY WANT TO HELP ANYONE…..at all. period.
Because all these guys WANT THEIR JOBS MORE THEN THEY WANT TO HELP ANYONE…..at all. period.
AND THIS IS WHY WE NEED TERM LIMITS…forget all the hubris that staffers will run D.C. Term limit their asses too and problem solved.
Mr Thomas wrote:
I’ve been in the ready-mixed concrete business for thirty years, and poured and finished concrete before that, and I can tell you that these guys aren’t working for peanuts. The real difference between the American and Mexican concrete workers? The Mexicans show up for work, on time, every day, and do their jobs without a bunch of bitching and moaning and complaining.