Trumps Fantasy On Commerce

Discussion in 'Politics & Government' started by Kalvin Mitnic, Jul 19, 2017.

  1. Kalvin Mitnic

    Kalvin Mitnic Well-Known Member
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    He's delusional and ignorant on trade and commerce and international involvement on most everything.

    BTW Ivanka Trumps business is largely on products made out of the USA as is some of Trump's business.
    Xenophobic 'Buy America" apparently is for the other guy not he or familly.

    What I'e read is that 97% of clothing shoes,handbags and the like are NOT made in the USA and won't be for competitive reasons. Ivanka Trumps business apparently doesn't even investigate for fair employment practices.
     
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    Last edited: Jul 19, 2017
  2. Harry Havens

    Harry Havens Well-Known Member
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    True, but what are the competitive reasons? Cheap labor and much fewer regulations.

    Our deficit in trade is entirely in USDollars. Our trading partners should exchange those USDollars for their native currencies. This would raise the value of native currencies v the USDollar and balance out the disparities of competition and regulations. However, instead of exchanging, they are buying USDollar denominated assets, such as debt, property, etc., which maintains the status quo and impairs any balancing of currencies.

    Chronic debt is the chief reason for our trade deficits.
     
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  3. Gary Ridenour

    Gary Ridenour Very Well-Known Member
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    always question the source. ROBERT B. REICH is Chancellor's Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies. obviously a Trump hating violent Islamic liberal
     
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  4. Kalvin Mitnic

    Kalvin Mitnic Well-Known Member
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    So are the facts wrong or do you just fault the source as biased.
     
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