Almost a year ago we outlined a predictable approach President Trump would take toward domestic economic policy if he were to win the 2016 election. Almost three months after his victory we clearly see the economic approach is indeed exactly what he campaigned on.
Perhaps it is valuable to pause, look at where are today, and consider current progress against the prior prediction for where President Trump was heading …the economics.
For the first time in many decades the chief executive of the United States walked into office concerned about the fiscal stability of the average American, without a single IOU on his Oval Office desk. For the first time ever, a titan of American Main Street is in the oval office.
Do not downplay the significance of this aspect. Money makes the world go ’round.
While they may not state so openly, every single global leader and politician is reviewing the U.S. election through their own domestic financial prisms. It doesn’t matter which country, the key prism is financial. Enter, the land of trade conversation, Samsung, Kia, etc, and national financial interests: The EU, The U.K., Mexico, Canada, China etc.
Immediately after the election, we stated: the U.S. media will attempt to frame international conversation through the prism of defense issues: South Korea feeling vulnerable to North Korea hostilities, Europe worried about NATO, Russia gaining influence in the Mid-East etc.
However, this view is an entirely false narrative. The reason for this intentional deflection is a necessary need for western media to marginalize President Trump. President Trump is an existential threat to years of globalist economic advancement.
- Rule #1 – Everything is about the money.
- Rule #2 – Everything is about the money.
- Rule #3 – when pondering any information broadcast by corporate media about a global Trump effect, refer back to rules #1 and #2.
President Donald Trump is 100% pure MAIN STREET, never doubt that.
Witnessing President Trump bringing skilled labor union leaders into the White House on Day #1 is evidence therein. Meeting with manufacturing giants in the Auto industry is even more evidence. People can attempt to obfuscate it, but actions speak louder than words. Trump is Main Street, period.
Additionally, President Trump’s macro economic DNA outlook is compromised of American business interests at a micro-cellular level.
We also shared: “Senate Leader Mitch McConnell will be dispatched immediately if he attempts to bring his big Wall Street/K-Street lobbying friends into the Trump economic equation.” Evidence of that outlook surfaced immediately also. U.S. CoC President Tom Donohue was nowhere within any aspect of the first week’s dynamic economic activity.
The Historic Context – For the sake of brevity, we’re going to accept that most readers here are familiar with who funds and directs Mitt Romney, Paul Ryan, Jeb Bush, John McCain, Mitch McConnell, and in larger more consequential measures – the DC UniParty legislative team in charge of U.S. Policy, ie. Wall street.
During the January 2016 South Carolina debate, and in response to Trump pointing out a necessary shift in trade position (a shift to put American interests first – a shift to stop the dependency on cheap import goods – a shift to use China’s dependency on access to our market to OUR advantage), Jeb Bush came back with an example of Boeing manufacturing.
Donald Trump, responded to Jeb’s Boeing example, and pointed out China is forcing Boeing to open a manufacturing plant in China. As would be typical from a candidate who is unfamiliar and poorly briefed on the issue, Jeb Bush looked back incredulously and said:
“C’mon man”…
There we saw it.
Right there was the disconnect.
However, almost everyone missed it.
There, in that exact moment, was the spotlight upon all that is wrong with a professional political class; globalists dependent on Wall Street best interest for their talking points.
Donald Trump was 100% correct.
But the issue is bigger.
Not only is China demanding Boeing open a plant in China, the intent of such a plant provides an opportunity to explain why Trump, and his approach, is vitally important – and time is wasting.
China is refusing to trade with (buy) Boeing products if the company does not move. Why? It’s not about putting Chinese people to work, it’s about China importing their research and development, Boeing’s production secrets, into their country so they can learn, steal and begin to manufacture their own airliners.
This is just how China works.
In time, Comac, a state-owned, Shanghai-based aerospace company will then use the production secrets they have stolen, produce their own airliners, kick out Boeing, undercut the market, and sell cheaper manufactured airplanes to the global economy.
Boeing, the great American company that Jeb Bush thinks they are, becomes yet another notch on the Asian market belt.
All of those Boeing workers, those high-wage industrial skill jobs that support the American middle class, yeah – those jobs lost. And the cycle continues.
Of course Wall Street will be invested in the cheaper Chinese aerospace manufacturing company Comac, as it emerges as a manufacturing power.
This reality within this story is a peek into the future of the fundamental disconnect between Wall Street (grows again) and Main Street (lost jobs/wages). The reality within this example is exactly what has taken place over the past three decades.
Wall Street entities like Goldman Sachs will be fine. Ted and Heidi Cruz will be fine; Jeb Bush, Marco Rubio, Nikki Haley, Carly Fiorina, Mitt Romney, John Kasich will also be fine – it’s middle America who suffers.
The economic consequence, yet again, creates disparity between those insulated by Wall Street and the rest of the U.S. This is how our current political oligarchy is growing out of control.
And so they, as professional politicians, historically propose solutions – their solutions. However, their solutions are actually the preferred solutions of their campaign contributors, ie. Wall Street. The same Wall Street that funds lobbyists, like the U.S. Chamber of Commerce, to set the economic legislative priorities of congress.
Meanwhile the non-import market, your visit to the grocery store, food, energy etc. sees prices increasing at jaw-dropping levels. This is what happens when a production economy becomes a service economy.
In 1984 a name brand polo shirt would cost around $45, a really good 26″ TV around $600 to $1,000, a decent couch $1500, and a pair of name brand sneakers around $100. However, eggs (.49), milk ($1.79 gal), and store bread (2 loaves for $1).
Electric bill $100, water bill $20, phone bill $50.
In 2016 an imported name brand polo costs around $20, a really good 42″ TV $300 to $400, a couch for $500 and a pair of sneakers $50 – All imported, all Asian, all about half of of what they cost in 1984.
However, eggs ($1.99), Milk ($4.50+), and store bread ($2+ each). All domestic products and all double or triple 1984. Electric bill $250, Water bill $100, phone bill $100+. Again domestic consumables, again double, triple or even more.
We consume and spend more on domestic goods such as food, energy, fuel, than we do purchasing imported durable goods. As a consequence, depending on lifestyle, the net out-of-pocket is essentially the same to a little more.
However, the income opportunity, the jobs, the good paying jobs, well, those are gone because the durables are no longer part of the domestic production.
To keep the unemployed pitchforks at bay, government policy (now directed by Wall Street globalists and corporations) subsidize the income gap. Ergo EBT, WIC and food stamp assistance necessarily increasing.
The pitchforks are dropped, but economic independence turns to dependence. With government policy adjusted accordingly – deficits necessarily explode. Stopping those deficits would require an actual budget. There hasn’t been a federal budget since ’07…. “Omnibus”,… Sound familiar?
Yes, under Donald Trump’s proposal the cost of some “durable” goods -at least those we import- will increase. Your iPhone might cost $800 instead of $600. However, the North Carolina apparel, clothing and furniture manufacturing market will have an opportunity to revitalize – and with it, jobs. In addition, we have already seen FoxConn positioning themselves to manufacture those iPhones in the U.S.
Consider the inflation chart we have used to show this dynamic:
This chart is great for showing how “durable goods” have dropped in price and highly consumable goods have increased almost exponentially.
In the short term, the expressed and directed economic policy of Donald Trump will predictably flip this chart above. Domestic products will drop in price, and some imported durable goods will increase – – > until such a time as the bottom of the chart durables become manufactured domestically; then they will balance.
There’s going to be a period of pain as U.S. manufacturing finds it’s footing and begins to restart. I call this “the space between” two disconnected economies, the new dimension.
The distance between the Wall Street economy and the Main Street economy will eventually narrow. How long it takes for this to take place is up for debate. However, regardless of how long, in the aggregate term the narrowing is a shift from “dependency” to “independence” created by Trump’s America-First economy.
Those who were fully matriculated independent adults prior to 1984, when the two economies uncoupled and traveled in different directions, know exactly what needs to be done.
We battle-hardened warriors know what was laying on the end of the previous path, feudalism. Our Freedom was dependent on this election. Thankfully we succeeded; we elected Donald Trump as president, and we avoided this:
♦ Outlook On Social Security – Unlike many candidates Donald Trump did NOT calling for rapid or wholesale changes to the current Social Security program; and there’s a very good reason why he was the only candidate not proposing wholesale changes.
With the single caveat of “high income retirees” (over $250k annually), which Trump is open to negotiating on, President Trump does not consider these programs as “entitlements”. The American people pay into them, and the federal government has an obligation to fulfill the promises made upon collection.
President Trump understands stewardship. To fully understand how President Trump views the solvency of Social Security, you must again understand his “America-First” economic model and how it outlines growth.
The issue with Social Security, as viewed by President Trump, is more of an issue with receipts and expenditures. If the aggregate U.S. economy is growing by a factor larger than the distribution needed to fulfill its entitlement obligations then no wholesale change on expenditure is needed. The focus needs to be on continued and successful economic growth.
What you will find in all of Donald Trump’s positions, is a paradigm shift he necessarily understands must take place in order to accomplish the long-term goals for the U.S. citizen as it relates to “entitlements” or “structural benefits”.
All other Presidents began their economic policy proposals by accepting a fundamentally divergent perception of the U.S. economy than Trump. They were working with, and retaining the outlook of, a U.S. economy based on “services”; a service-based economic model.
While this economic path has been created by decades old U.S. policy, and is ultimately the only historical economic path now taught in most business schools, President Trump intends to change the course entirely – And he is making it happen.
Because so many shifts -policy nudges- have taken place in the past several decades, few academics and even fewer MSM observers, are able to understand how to get off this path and chart a better course.
The politicians in the era before Trump held no comprehensive understanding of Main Street economics; they all relied on advisers. President Trump is a businessman, an entrepreneur, a massive employer and a successful builder of Main Street.
Within President Trump’s economic outline he is proposing less dependence on foreign companies for cheap goods, (the cornerstone of a service economy) and a return to a more balanced U.S. larger economic model where the manufacturing and production base can be re-established and competitive based on American entrepreneurship and innovation.
The key words in the prior statement are “dependence” and “balanced”. When a nation has an industrial manufacturing balance within the GDP there is far less dependence on the economic activity in global markets. In essence the U.S. can sustain itself, absorb global economic fluctuations and expand itself or contract itself depending on the free market.
When there is no balance, there is no longer a free market. The free market is sacrificed in favor of dependency, whether it’s foreign oil or foreign manufacturing, the dependency outcome is essentially the same. Without balance there is an inherent loss of economic independence, and a consequential increase in economic risk.
No other economy in the world innovates like the U.S.A., President Donald Trump sees this as a key advantage across all industry – including manufacturing and technology.
The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S., is offset by utilizing innovation and energy independence. Think about it this way:
If technology (robots etc) reduces the need for labor, then why are companies taking their manufacturing jobs overseas for cheap leader? Both of these common statements are diametrically in opposition – yet few people ever call it out.
♦ BIGLY ENERGY – The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector is unleashed -and fully developed- the manufacturing price of any given product will allow for global trade competition even with higher U.S. wage prices.
But President Trump doesn’t just think of developed energy from the perspective of independence; oh, heck, no. Trump thinks BIGLY. President Trump sees the energy sector as an export commodity, a U.S. industry that can profit from selling energy to other nations. Think about that as a paradigm shift.
In addition the U.S. has a key strategic advantages with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing.
President Trump has continually proposed we stop selling these valuable national assets to countries we compete against – they belong to the American people, they should be used for the benefit of American citizens. Period.
EXAMPLE: Currently China buys and recycles our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then uses those metals to reproduce manufactured goods for sale back to the U.S. – Donald Trump is proposing we do the manufacturing ourselves with the utilization of our own resources; and we use the leverage from any sales of these raw materials in our international trade agreements.
When you combine FULL resource development (in a modern era) with with the removal of over-burdensome regulatory and compliance systems, necessarily filled with enormous bureaucratic costs, Donald Trump proposes we can lower the internal cost of production and be globally competitive.
In essence, President Trump changes the entire economic paradigm, and we no longer remain on a failing path as a dependent nation left only with a service driven economy.
The cornerstone to the success of this economic turnaround is the keen capability of the U.S. worker to innovate on their own platforms. This simply cannot be emphasized enough. Americans, more than any country in the world, just know how to get things accomplished. Independence and self-sufficiency is part of the DNA of the larger American workforce.
In addition, an unquantifiable benefit comes from investment, where the smart money play -to get increased return on investment- becomes putting capital INTO the U.S. economy, instead of purchasing foreign stocks or bonds. Lowered corporate tax rates to be more in line with international competition, creates the basis for economic nationalism. This leads to the repatriation of off-shored corporate holdings, and corporations would no longer be considering inversion simply to avoid taxes.
♦ Infrastructure – With all of the above opportunities in mind, this is how we get on the pathway to rebuilding our national infrastructure. The demand for labor increases, and as a consequence so too does the U.S. wage rate which has been stagnant (or non-existent) for the past three decades.
As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve.
More money into the U.S Treasury and less dependence on welfare/social service programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar – the saved sum is doubled. That is how the SSI and safety net programs are saved under President Trump.
When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an America-First economy that is fully functional.
As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.
Simply put, we begin to….
…..Make America Great Again !
- Donald Trump American Solutions Part I
- Donald Trump American Solutions Part II
- Donald Trump “America First” Conservative Solutions Part III
- Donald Trump “America First” Conservative Solutions Part IV
Authors note: If I absolutely did not believe this economic model was doable, I would never expand the concept and place advocacy upon it. I am an absolute believer that we can, as a nation, reignite a solid manufacturing base and generate an expanding middle class.
Yes, in the short term durable goods may cost more, that’s to be expected. However, these are durable goods, not disposable goods. As consumers we may have to spend a little more on maintenance and repair to offset an increase in durable goods, but that’s a small price to pay to make the U.S. manufacturing base great again.
👍🏻WHAT A WEEK!
Here’s what @POTUS Trump accomplished during his first week in office to #MAGA & put #AmericaFirst 🇺🇸pic.twitter.com/4JC1P3TTuS— CC (@ChristiChat) January 28, 2017
BIGLY
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MAGA! 😆
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Waltherppk, good to see you back.
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Has sessions and the rest been sworn in yet ??
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No, Dems are obstructionist and GOP slow-rolling. Hopefully AG Sessions, T-Rex, Mnuchin DeVos, Price AT A MINIMUM week of 1/30/17.
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So glad the adults have taken over in the White House
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Amen to that!
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Thank you President Trump for explaining all this, it makes wonderful sense. i can’t wait for our young people (including my own) to experience prosperity!!!!
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Saw this today, it may have been posted elsewhere, Carlos Slim on Trump:
https://www.yahoo.com/news/mexicos-slim-trump-negotiator-not-terminator-012309469.html
I hope that Trump can get things working well with Mexico. Some day I’d love to go down there, but not while the gangs are beheading and kidnapping people. I’ve heard that San Miguel Allende is gorgeous (“prettiest town in Mexico”).
http://www.visitmexico.com/en/san-miguel-de-allende
I have practiced my Spanish although I’m not at all good with it. I’d love to learn more among nice people, not gangsters. Make Mexico Great Again, Slim. Use your resources like Trump does and make the horrors down there go away
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Sorry, wrong link, the Yahoo is abbreviated and leaves a lot out. This one from Reuters is much better:
http://www.reuters.com/article/us-mexico-slim-idUSKBN15B25Q
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There is a picture of Carlos Slim reading one of Trump’s books and saying there are opportunities for Mexico to negotiate with Trump and benefit both countries. PLEASE MAKE IT HAPPEN.
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I think Slim is just worried about his investments. Mexico will come around because they have a lot to lose. The cartels, though, don’t want a wall and the cartels apparently got Nieto elected so Nieto is between a rock and a hard place. Trump owes no one.
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Yes, Joan, Pena Nieto is, indeed, between a rock and a hard place. That is why Sr. Slim has stepped up and is standing behind the Mex Prez, I think. Latin cultures look up to Big Men. Sr. Slim is on a par in many, many ways with our President Trump.
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Carlos Slim recently met with Trump at Mar a Logo. Interesting.
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When I was younger I used to go to Mexico frequently, as a tourist and work related. Its a beautiful country, and yes, San Miguel de Allende is very special. I havent been back since the late 80’s due to the lack of security issue. A shame.
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It depends on where you go. I lived in Mexico for 14 months in 2003/4. I lived in Chihuahua, about 4.5 hours south of El Paso. Very nice city of about 3 million I believe it was. There was a Maserati or Ferrari dealership in the city. Some wealthy people. For me it was not very pretty and a “wanna be American city”. So I tired of that. I was hoping for more of a traditional Mexico, the San Miguel type of beauty of Mexico. More Mexican culture. I did attend a wonderful concert of classical music once.
I loved the people. La gente. They are warm and family oriented with big hearts.
It was safe. There were no gangs, no violence that I was aware of. At the time we were hearing a lot in the news about the prostitutes being found dead all over Juarez, at the border.
It was a bit strange to drive up to the states, by myself, a woman and have to stop at checkpoints with military men and their machine guns. They were courteous but focused on looking for drugs hidden in my car.
My worst experience was going through the Presidio, Texas border crossing with the American border people. Very rude, very authoritarian. Avoid the El Paso crossing. It takes hours to get through. Crossing at the border in New Mexico was a breeze. Never more than 5 cars. A bit out of the way but well worth it. The highways were spotless all the way.
I lived in Southern CA for 35 years and made many trips to Baja- Tijuana, Rosarito, Ensenada and San Felipe. Never had a problem. I have heard some horror stories that others experienced but no one I knew ever did.
I don’t know how Chihuahua is these days, but that was my experience then. It is so sad to see what is going on now.
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How bout Trump negotiates ENGLISH as the NORTH AMERICAN LANGUAGE.
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San Miguel is indeed a beautiful small town……I drove there as a younger man with my family…….The cobblestone streets and cathedrals are the coolest in the world and the people, both North Americans and Mexicans are very friendly….There is an English Newspaper, the hotel clerks speak English and if you visit the Zocalo (town square), you will meet the coolest Mexican people who just love to practice their English on you….. Don’t tempt me……I will move there…LOL
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Thank you Sundance for a well written, easy to understand synopsis of Trumpnomics. I am printing this out with all of your backstory links and passing them out to everyone that has concerns about president Trump.
This should alleviate their concerns.
Great Job!
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What Sundance stated above is why the all of the elites are scared of a President Trump. They are afraid he will be successful. In fact, they are quaking in their boots as we speak.
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From the article:
‘While they may not state so openly, every single global leader and politician is reviewing the U.S. election through their own domestic financial prisms. It doesn’t matter which country, the key prism is financial.’
Indeed.
Looks like meeting of Pres Trump and PM May has sent a wee shiver down the spine of the EU.
http://www.telegraph.co.uk/news/2017/01/27/britain-could-have-fastrack-back-eu-brexit-says-european-parliament/
I’m having a laugh.
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Ross Perot was correct and Thank God for President Donald J. Trump.
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He was wasn’t he.
I didn’t see it though.
We used to be friendly with a couple who was all in for Perot. I often wonder what they think of our new POTUS.
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I was a huge Perot fan and voted for him (his second attempt, his first I was not of voting age). Not even my parents voted for him and my father called me liberal because I challenged him on regurgitated Republican statements he made…pffft, just on the things that aren’t really that important and give the opposition a good warm and fuzzy “win”, dad!
I see Trump as a “votable” Perot.
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Trump, Perot and Nadar were the 3 people fighting to prevent NAFTA. Elites in both parties mocked them.
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Everything I heard/read about Perot at that time was about how much of a wacko he was…I no alternate sources of information besides the MSM: no internet, no Treehouse.
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I had no alternate sources
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Of course Trump’s economic policy makes good sense for (Main Street) America. But, I don’t think the globalists actually appreciate this thinking “outside of the box” very much. /s
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I can’t wait to be able to buy American made clothing. I’m tired of buying jeans and having the zipper break before they are six months old. Having the clothing on the racks from everywhere in the World except the USA.
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The Uniparty had a plan to address that issue. Had things gone their way, we’d all soon be wearing matching grain sacks.
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These are good jeans.
http://texasjeans.com/
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Thank you. I’ve bookmarked them
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I’m tired of buying shoes that the soles fall off of in 3 months.
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My last job in VA before I returned to my home state of NE was as a general manager of a shoe repair company. Sadly, truly quality shoes are becoming rare. More and more people are gravitating to the cheap, throw-away shoes (the disposable culture). We resoled Ferragamo, Santoni, Allen Edmonds, Bostonians, all the Birkenstock models, Florsheim, etc., and had agreements with the local area Nordstrum stores We also rebuilt military boots by adding comfortable mid- and out-soles so they felt like you were wearing running shoes. Business dropped off to the point I was laid off and the company President took on my responsibilities; in the five years I worked there, we went from 20+ employees to less than 10. Really too bad. We used to receive shoes for repair from all over the world. Nowadays, shoe repair shops are like hen’s teeth.
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Apparel Manufacturing Automation is taking shape … MASSIVE advantages for domestic production with short resupply cycles, minimum inventory, rapid response to “hits”, near-zero seasonal leftovers, low-cost logistics and nominal labor (the ONLY reason to produce oveseas). Can’t come soon enough.
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This is a very good article; concise and informative. Usually my brain freezes up when I read anything about economics! I am also tired of the cheap, sleazy fabrics, polyester, skimpy cuts, and poor construction of clothing. Those slave -labor Chinese and Vietnamese factory workers can’t sew worth a damn! I would love to see textile manufacturing return to our country.
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Also Miss Kay, I am tired of towels and sheets and blankets that only last about two years.
Small kitchen appliances that give up the ghost after about three years of use.
My mother is till using bath towels that she bought when I was in high school.
That was well, that was quite a while ago.
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Towels especially! No matter what brand of towel I buy after just one or two washings, my spruce green towels have bleach spots on them and I don’t use bleach or fabric softener. The white towels seem to end up with very light pink stains.
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The quality of household linens is very bad, brightly colored dyes that aren’t set well. The price we pay doesn’t even make a difference. Based on your description, I wondered if your water might be adding to the problem, i.e. pinkish white towels. I add borax, and a little baking soda. I seems to help.
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I think New Balance is all American made.
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You can buy American-made today: http://www.usalovelist.com/deals-on-american-made/
I bought two pairs of alpaca gloves last year from a company in Massachusetts, Golden Touch. They are nicely constructed, and very warm.
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Golden Touch website: http://goldentouchnaturals.us/shop/
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I’m just a dumb construction worker but this still hits me close to home. I live in STL. I’ve watched some of our biggest hometown institutions get sucked up into the vacuum of takeovers (Monsanto to German based Bayer) and hostile takeover’s (Anhueser Busch to Belgian based InBev) to name the biggest two. I don’t put anything past the backdoor network of fishing out deals. I also believe in responsibility as the primary focus which keeps the avg person for feeling sorry. But I’m A-B’s case it burns with the fire of a thousand suns. Keep in mind both of these companies (at least publicly) did not want to be acquired. So how did it happen? In A-B’s case it was a foreign company manipulating our own market to ensure a certain outcome. In 2008 A-B was trading at $28ish/share and InBev makes an offer to purchase. Board denies purchase. InBev announces a hostile takeover and offers $45/share offer for shareholders to vote on. Madness ensues. Buffet I presume, and thousands of others see quick money and buy big which subsequently completes the transaction. It’s a big gamble but if you aim high you will attract tons of sell votes and inflate the value of your new biz at the same time. The day the voters approved the stock was 42ish/share. It never should have happened. There was a time where successful family biz’s went public without knowing what all was at stake. Now they all risk takeover. I hope President Trump fixes this somehow. The biggest customer I have just got bought out. I’m a fighter though. I’ll eventually steal someone else’s biggest customer when/if I catch them slipping. Lord willing of course. But not everyone has that luxury.
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You’re pretty smart for a dumb construction worker.
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Been called worse if you can believe that. 😘
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This is why the company I work for is still a privately owned software company in NYS. So far it’s been a rough ride but Tech Support is still mostly in NY and spread out elsewhere in the US (none in Hawaii).
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Billarys, Mr. Trump never took his company public I think for that very reason. And he would loose control over his name and brand, BIGLY for Trump.
In the long, long, long run, all countries will become more developed to one degree or an other. Most will be corrupt to the core. Some will be in constant turmoil. So always running after the cheapest labor, useless.
Long term stability, assured and stable energy costs and low taxes, plant/manufacturing facilities already built, large and strong labor force, instant consumer access.
In the long run, Trump is positioning America as the gold standard for how to operate a country. Where rule of law and the middle class are not sold to the highest bidder. He will succeed!
Th globalist long game was the picture above with the walled off city and the serfs outside.
I chicer to think of just how close we came.
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President Trump may just take Anti-Trust and Market-Manipulation on as ACT II.
Bear in mind how pernicious he sees Hedge Fund Operators to be – particularly Soros.
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I’m also sorry about what happened to A-B. There was more going on than just a hostile takeover. https://www.bloomberg.com/news/articles/2011-06-30/fall-of-the-house-of-busch. It seemed that it was inefficiently managed which is a prime reason for any takeover. If the article is correct the takeover was the best thing in the world for A-B & for those remaining employees.
And don’t expect Trump to fix this; Risks & rewards are why people start businesses.
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My husband had worked for a company that was bought out by the Chinese that is part of an industry that supplies for makers of automotive components such as IAC. He just told me that IAC had split their company a few weeks ago into the hard and soft side, and that the Chinese is in the process of buying the soft side. He told me that this means the Chinese will have leverage against the American automotive industry in owning this crucial part of the supply for their industry. He said he was thinking of letting President Trump know of this situation.
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Pres. Trump, in all likelihood, already knows.
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Your husband should let president Trump know. He can contact him on his website.
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Better to write a letter and copy Commerce Secretary Wilbur Ross.
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I’ve made many Trump website submissions and NEVER received a response.
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I’ve only made a couple, but no response yet – a simple acknowledgement would be sufficient.
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I wanted to mention the company my husband worked for that the Chinese purchased had developed Germany’s and our allies’ Leopard tank so they have access to that, too.
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More Trumpian economic effect:
‘TRUMP’S FIRST EU VICTIM: German car giant loses €100million contract’
http://www.express.co.uk/finance/city/759284/donald-trump-border-tax-EU-German-cars-tesla-SHW-elon-musk
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I thank God several times a day for our new President. At long last, the adults are in charge again.
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Trump’s various policies aren’t just economically synergistic. They are exponentially synergistic. That is the emerging paradigm. The zero-sum economics of globalist-bought political whores will become the equivalent of flat earth theory.
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You did not mention the impact of reducing illegals and returning some number home. Wages in tHe trades should benefit from this a great deal as should low skill jobs I.e. Agriculture and landscaping that used to be performed by young men as their first real job. It is vitally important that these jobs be returned Americans not illegals.
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“Do not downplay the significance of this aspect. Money makes the world go ’round.”
It certainly helps to take the lumps out.
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Sundance!!! THANK YOU! Trumpnomics! exactly the kind of article i was hoping for!
Bless you!
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Trump has always wanted to see America at the top.. since the 80’s at least on record..
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Oh my goodness!
“EXAMPLE: Currently China buys and recycles our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then uses those metals to reproduce manufactured goods for sale back to the U.S. – Donald Trump is proposing we do the manufacturing ourselves with the utilization of our own resources; and we use the leverage from any sales of these raw materials in our international trade agreements.”
This explains why whenever I’m online shopping for stainless steel and aluminum products I discover to my immense displeasure that so many of them are: made in China.
Ladles
Baking pans (though here we now have some growing US made competition)
Measuring spoons and cups
Wire racks for cooling cookies
Citrus squeezers
And other kitchen utensils
And on and on.
I’ve become very wary of anything that is described as “imported.” I just move along and look elsewhere. Worse is when the vendor says zero about country of manufacture.
.
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China is angling to get into the infrastructure boom they see coming under President Trump. Per People’s Daily:
‘Trump should take note that when it comes to infrastructure, China wins hands down’
The article ties up neatly two of the points in the above article, ‘every single global leader and politician is reviewing the U.S. election through their own domestic financial prisms’ and the Media’s ‘attempt to frame international conversation through the prism of defense issues’.
http://en.people.cn/n3/2017/0124/c98649-9170991.html
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This website looks interesting for bakeware and cookware.
https://www.usapan.com/bakeware
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Yes; thank you. I discovered them recently in my searching for a pullman loaf pan.
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Yes, very well-made I used the 8×8 square baking pan, just pulled it out of the oven! Works great, I’d highly recommend their products. Reasonably priced too.
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“Baking pans (though here we now have some growing US made competition)”
I have some stuff from USA Pan which seems good to me.
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WOW! I’m grateful for this explanation and am sending a link to some “Trump doubters” I know.
They voted for him but had doubts. This should clear those up. Thanks!
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(this from my granddaughter) Do you know why there will be no bust of Obama in the White House?
Because everything Obama did was a bust.
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LOL…….Kids say the darndest things……
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BOOM!!!!! So glad to have President Trump, who loves America and American values and Main Street issues. We are blessed!
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Superb exposition Sundance (think of the work that goes into writing this)
Allow me to put it in layman terms…
Before Trump, it was all about Americans being swindled out of their economy, their jobs, their money & their right to pursue their own American dream
Now, with Trump, it’s all about returning the economy & all it’s benefits to it’s rightful owners, the American people
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The Entrepreneur. That’s our secret weapon.
How is he faring? That’s my filter.
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I have obtained an exclusive photograph of our beloved Sundance:
the thinker picture
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Dang it! It was supposed to be a picture, but it didn’t work. Oh, well. It seemed line a clever idea.
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That’s because it’s a sculpture!😀
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It is because Sundance is an enigma, wrapped in a paradox.. You have now crossed over into.. The Twilight Zone..
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Thank you, Sundance, for your elegantly straightforward description of how Americans have been punked by our RACKETEERING CABAL of Globalist Corporations buying the DC Uniparty to transform our citizenry into WILLINGLY DEPENDENT SERFS, by creating a Media-Education-Entertainment stranglehold on communications and culture to INDOCTRINATE the POPULACE into COMPLIANT IGNORANCE.
President Trump will create 3 massive transformations that will sustainably fuel our Economy for the next century by making America the GREATEST …
• ENTREPRENEURIAL ENGINE for students and startups
• ENERGY EXPORTER for cost and defense advantages
• AUTOMATION NATION for high-value jobs and minimized labor
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Talked with one of my cutting tool dealers in St. Louis. Asked if he was experiencing the Trump effect. He chuckled, said it was insane how busy he was. Told me the Rego-Fix (precision workholding) Rep said he’s never been this busy in January.
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Excellent analysis and synopsis, Sundance – when one ponders the economic debacle of the past 3 decades even slightly, one begins to see how relatively easy it is to fix it – wealth redistribution is the ultimate goal of the globalists – the redistribution being into their own coffers –
This upside down backwards economy was designed and planned to take America down – reduce us to a third world country – in essence, we have been robbed for the last three decades – of our wealth, dignity, and hope – we don’t produce anything of worth – that was part of the plan –
And then – along came Trump! This is why they feared him so much for the past 18 months – why they bashed him at every turn – why they lied about the polls – why they cheated to win – the genie is out of the bottle now – more and more Americans are beginning to see how the representatives they allegedly elected sold them out to foreign entities – and they don’t like what they see –
Trump has empowered ‘We the People’ to fight back – in just one week – he has turned us from pawns in the game to kings and queens on the chessboard – we are winning – not only because Trump said we would win – but, because Trump showed us HOW to WIN!
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God bless you, Duchess, Sundance’s incredibly gifted description makes this look very straightforward, but this sure as hell ain’t easy.
It’s a 360-DEGREE WORLDWIDE FOREIGN-and-DOMESTIC WAR.
Let’s get it on! 😉
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We’re on it, Knight! Trump is going to right this ship before you know it – he knows what he is doing – when to make the moves – where to make the changes – and how to make the changes – no worries here –
Patience is a Virtue; A Virtue is a Grace – Put ’em both together – and – You get a Happy Face – 🙂
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Knew something was bad wrong in the 80s by watching ads on football games. EF Hutton,
Morgan Stanley, all the (at the time) existing investment firms. Nothing being advertised
that was assembled, welded or bolted together. Nothing of any sustance you could hold.
Just paper number for air money. As a youngster couldn’t know why it was bad, just knew
something wasn’t right. It took 35 years, Sundance and CTH posters to put it all together.
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We only suspected something was adrift – we did not know exactly what it was – it made no sense – what really happened in 2008 – why – all of a sudden – were we in a financial downturn – what happened to the stimulus money – why did we need QE 1-3 – what was that anyway – how could 1/3 of the US population be unemployed and the unemployment rate was somewhere around 5% – why did they pump money into GM and then, sell it overseas – why did they bail out the banks – and what happened to the Social Security Trust Fund – and what is a ‘Bubble’ – this was pure insanity – my take – it was an enormous nothing-burger – Wall Street got richer and Main Street got poorer – it was highway robbery – pure and simple – excuse my babbling – all of this makes me cranky!
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Yes, but remember they saved us from “tanks in the streets” per Mr. Paulson. /s
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Oh, no – not the ‘tanks in the streets’ – please – /s
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RE Sundance’s Summation:
“When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an America-First economy that is fully functional.
“As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.”
America’s success above will then lead to yet another transition that ELIMINATES the SIREN SONG of IMMIGRATION and FAILED ASSIMILATION just to counter low Birth Rates:
We will have a 21st Century BABY BOOM just like we did after WWII, driven by overwhelming economic confidence, financial & national security, and a return to FAMILY FIRST values that sustain AMERICA FIRST LEADERSHIP.
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Wait a minute there, Knight…methinks we don’t need no immigration or assimilation –
APRIL 25, 2016
Millennials overtake Baby Boomers as America’s largest generation
BY RICHARD FRY
http://www.pewresearch.org/fact-tank/2016/04/25/millennials-overtake-baby-boomers/
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I’m a bit confused about the final statement about spending more to maintain and repair, because the economics have already disincentivised repair/maintenance on many items…and I have many examples, but the most recent is a perfect example as relayed by my father just two days ago. He needed ink for his color printer and when he did his research he said to purchase a color cartridge and a black cartridge was going to set him back $70. Instead he found a brand new printer that included two sets of cartridges for $55. Good thing I’m not on a liberal site as I would expect the “but, the environment, dammit!” response, lol!
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Yes, the current economics have disincentivized repair and maintenance. I think what sundance meant is that this situation would be reversed, Durable vs Disposable. First, we would be making products adhering to standards of quality that cheap Chinese products just can’t match. Second, we would have incentive to repair and maintain durable goods, instead of disposing of them when they no longer work.
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That was everyone’s pricing strategy on ink jet printers. Sell printers at projected cost, recoup target profit margin from ink replacement It worked well. People loved colored home printing.
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Sundance gets it. There is going to be some pain involved here. Many of Trump’s supporters will not have the stomach for it.
Americans will have to pay more in exchange for the long-term economic viability of the economy (which is the foundation of all our strength).
If we are not willing to accept that tradeoff, we’re doomed.
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I don’t necessarily agree, if the current pricing structure remains the only difference is we will be buying new items via US mfgs vs Chinese. That really was the main point of my long-winded post about my not understanding how people will repair/maintain if those costs increase…unless SD foresees a very large increase in the purchase price of durable goods that makes repair/maintenance economically attractive over purchasing new again. However I personally find it unlikely unless companies can start showing higher profit margins (assuming they can get the stock market guru fools to look at fundamentals rather than what is being passed off as sound investing strategy based on stimulus today) on said items versus brand new goods. I hope I’m wrong, it would be better for the consumer (us) and the environment to repair and maintain vs buy new (one of my pet peeves that we are continually bombarded about saving the freaking environment while they make it a financial non-incentive to consume less.
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The increased RRP will force companies to use more durable (maintainable) parts/components, which probably means some design enhancement. Consumers will expect a “higher” quality end product, and brands that deliver reliable products will thrive.
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Eric, I agree that there will be pain how much and for how long is the big factor. Our instant gratification society will have to adjust to delaying that purchase until they can actually afford it and learn the art of saving. I hope for the sake of all of us we as a nation will have the patience and forbearance to MAGA.
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Typically printer manufacturers package very low-capacity/fill cartridges with their printers.
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Trump is sending a very clear message that he’s standing on Mexico’s air supply. Just mentioning tariffs send the peso into a nosedive. Similarly, Trump is not at all persuaded by China’s bluster—it needs the US market to continue its stellar economic growth but now Trump is beginning to question just how much the US market needs China. The fact is, and I think its obvious to anybody but a globalist, that the US market is big enough and multifaceted enough that we could dramatically start reducing our external trade while simultaneously developing our own US specific manufacturing. When other countries, usually communist or socialist states, tried this they lacked the market complexity to maintain a true consumer-oriented economy that could deliver the kinds of lifestyle choices of other complex, dynamic societies. The US is big enough, however, that we could easily markedly reduce our international trade, develop domestic competitive alternatives and effectively go it alone. This is not a first choice, of course, but it is a huge negotiating position if Trump needs to play hard-ball with our trading partners. They need us a lot more than we need them.
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I think it is important to explore how we got here, in terms of buying into Trump’s economic plan.
For the longest time, those of us who considered ourselves conservatives were led to believe that “free” trade is the ideal. We would hear those who we considered liberal argue that Walmart is coming in and taking mom and pop’s jobs, and we were instructed by conservative media to respond that it was fine, mom and pop would be able to buy all their stuff much cheaper just like everyone else. We heard the other side’s arguments, and those arguments made sense, but were led to believe that overall we would be better off because things would be cheaper.
I credit sundance with turning me around. There’s a lot that CONservative media doesn’t say. Sure, phones and televisions would be cheaper. But important things like food, utilities, real estate, and credit would be more expensive. After a while, the US and Americans both accumulated massive amounts of debt, debt that is harder for us to pay because all the well-paying jobs disappeared. On this path, upward mobility would become more and more difficult until we essentially become serfs running on the debt treadmill. As sundance said, this is the road to feudalism. As Friedrich Hayek said, this is the road to serfdom.
Beyond that, all our manufacturing was going overseas. If we ever found ourselves in a war with China with our previous path was allowed to continue, we would be in deep, deep trouble. America won World War II because of our manufacturing might. If we lost our ability to manufacture airplanes, tanks, guns and ammunition domestically, China would overwhelm us with superior numbers AND superior technology and manufacturing. We were risking losing our freedom to either financial feudal lords, or to the communists. China has employed numerous dirty tricks to make “free” trade anything but free. The first students of the Art of War were already waging a war of attrition on us. This path was unsustainable.
Trump showed us a third way, taking ideas espoused by conservatives and liberals to produce America First Economics, MAGA Economics. The Art of War is running up against the Art of the Deal. We will not expose ourselves to bad trade deals that were not “free”. We will bring the jobs back, let mom and pop decide their own destiny and secure our manufacturing future. We will also reduce regulations to place less of a burden on businesses, and to make it easier to develop our domestic energy industry. Politics are realigning, and we are reconsidering ideas that were previously labeled conservative or liberal. We’re taking the best ideas from both sides of the aisle to restore America for everyone.
To conclude, isn’t it great that we have a predictable president because he’s doing everything he promised he would do, everything we sent him to DC to do? It’s great!
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Great post Garrison/love your synopsis/
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RE: “Beyond that, all our manufacturing was going overseas. If we ever found ourselves in a war with China with our previous path was allowed to continue, we would be in deep, deep trouble.”
China embarked on a strategy of “Economic Entanglement”, burrowing into all of our critical supply chains (to convert them to Swiss cheese in the event of conflict), including our defense industries. They even succeeded in getting Clinton to allow them to launch satellites … and then caused a military-satellite launch failure to steal our technologies while thwarting our recovery-team access to the crash site.
Presidents Clinton, GW Bush and Obama displayed treasonous dereliction … or malice aforethought by allowing this to expand unchecked!
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The Clinton’s, Bush’s, and Obama sold us out.
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Bypassing 50 years of technological innovation has been China’s strategy all along. Today they have the world’s fastest supercomputer, the Sunway TaihuLight. China’s meteoric rise began on Bill Clinton’s watch, with the approval of IBM’s supercomputer technology transfer. It’s always about the money.
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Walmart, my blood curdles when you say Walmart. It started after old man Walton died. Walmart has driven more small business and larger business in Arkansas and Missouri out of business. They would nickel and dime the manufacturer and consume all their business and then make them compete with the Chinese or else. Then either you have a plant in China or you close down.
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I have been against Walmart for a long time. I remember seeing the documentary, Lost in Middle America, about Lima, Ohio and Walmart and also Is Walmart Good for America?
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Thumbs up, but here comes an and: it is not free trade unless it is free trade on both sides of the trading partners……Do we have free trade with China? No way…..It is free in that we charge them nothing, yet they put tariffs and import quotas on what we sell them…….That is horsehockey…..
Trump and his supporters want free trade as well……But to get there, we will first have to have fair trade.
He get’s this….trust him….
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Sundance provides a great analysis about the Trump economic agenda and how it will work. But, I’d like to mention what I believe is one of his motivations (besides America First). I believe that Trump is feverishly preparing America for the coming world economic crisis. He’s preparing our military/defense, borders/immigration, and economy/self sufficiency to defend against what’s coming. And, he’s exposing the media as corrupt and dishonest so they don’t have the integrity to mislead the public in a time of crisis. And, he’s finding some partners in business and other govt’s (Great Britain) along the way. The world economy is a house of cards and a “correction” of some significance is only a matter of time. It’s not a question of if, but when? Trump knows that he’s racing against time.
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Damned good bet, Bubba!
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Wowed Dowzer Bubba you win the award for most prescient post. IMO. I just hope to goodness he wins that race. I’m holding my breathe.
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Great post Sundance…Yes .. The time is right for many businesses to restructure their 10 year plans and began moving back or develop new start ups in the USA for the following reasons. 1) business tax rates from 35% to 15-20% 2) $2T repatriation tax plan at 5% 3) $2T+ Repatriation money returned invested in bonds used toward infrastructure 4) Regulations being reduced by 75% (that cost more than labor cost now).
The cost of doing business in Mexico 20 years ago was 20% cheaper than in the USA. Today it is only a 10% difference. The influx of businesses to Mexico has made it more competitive to hire people. In Mexico a business has to supply health care, food (cafeteria’s), supplemental housing cost, retirement funds and cost to travel to and from the USA!!
So add the above 1-4 new plans by Trump, the cost of doing business in Mexico will be close to 0%.
If you add a import tax they will defiantly move back.
The same business problems for China are similar to Mexico except they use the “college dorm” technique to manage thier human resources. The slaves are revolting. Environmental issues in China are plentiful, severely affecting the country’s biophysical environment and human health. Rapid industrialization, as well as lax environmental oversight, are main contributors to these problems. Thousands of acres of land in the business districts are uninhabitable.
So yes, you’ll see Foxconn moving more than likely back to the USA. They were planning on a robotic plant in China but now with the above 1-4 plans its a good time to move.
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I milk cows. Milk pricing is a bureaucratic nightmare but we are currently receiving roughly, and I mean roughly, 20% more for our milk in 2016 than in 1996. Both 2016 and 1996 were low price years. Today we receive about $17 per hundred lbs of milk or $1.50/gallon. When adjusted for inflation we are being paid much, much, much less than in 1996. The above chart shows a 64% increase from 1996-2017. I think there is a problem and it ain’t on the farm. One more thing. Farmer are born and raised to bitch!
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I just recently sold a horse farm here in Missouri. There used to be four dairy farms around me 10 years ago. Now there is only one. The St Louis Dairy inspection is next to my son’s business and they bitch a lot also about all the rules and regs.
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I live in southern California. We have had dozens of large dairies sell over the past 15 years to developers making massive homes and shopping centers. Homes up to 13 bedrooms mind you. We are losing valuable farmland and people complain about buy local, organic etc. As they live in these newish houses and all these shopping centers. Cant tell you how sad it is to see 1000s of acres of citrus ripped up for houses and mc shopping centers!
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It’s sobering how far modern Americans have lost the understanding of freedom and self-reliance as held by the Founding Fathers in the late 1700s. Fascinatingly, Trump 2017 would have fit in with the self-reliant citizen leader of 1798.
“As the democratic system of the West now weigh ‘privatization” – use of return to entrepreneurial activity to do public work …. These men acted before there was any bureaucracy or government infrastructure to do public works… the 1798 shipbuilding program is a microcosm of the timeless American debate of the balance between private and public tasks, about the nature of government and the nature of the citizen… These American merchants were not faint of Heart!”
(Millions for Defense, The Subscription Warships of 1798 , Fredrick Lerner)
http://sonoranalliance.com/the-revolutionary-early-american-context-of-the-2nd-amendment/
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I’m Australian born and raised. On my first visit to America almost 30 years ago (as a 14yo), Dad explained that your magnificent country was “the engine of the world, with an incredible ability to regenerate”.
Despite not quite understanding Dad’s words at the time, I’ve never forgotten them. I reminded him of those words on President Trump’s election. He was delighted I remembered! So stoked I get to witness America at its best, unfold in real time. A strong, powerful USA bolsters all Western democracies.
Thank you, Sundance, for your ongoing brilliant analysis! Dad will love it.
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I just wanted to comment, maybe because I’m in Ohio, but I don’t see some of those prices listed for grocery foods and some utility bills. However, the cell phone bill is ridiculous and I don’t even have a smart phone, husband has two, can’t imagine equipping our entire family with smart phones. Cable/broadband is something else that needs knocked down, what a monopoly.
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The reason our food cost more is because we have allowed a few corporations to control the market. US regulations and farm policy favor the corporations over the family farm. We have also allowed farms to concentrate in a few areas of the country.
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Ethanol derived from corn used to dilute gasoline should be outlawed ….period. Food and fuel prices will both go down, because the abundant corn no longer diverted to inefficient fuel production will be available more cheaply for animal feed, and motor vehicles and other fueled equipment will last longer and get better mileage on undiluted degraded gasoline that should be purely petroleum based fuel. Corn based ethanol always was a political / environmentalist UNSCIENTIFIC SCAM and never has been any great “clean energy” idea. Stop all buying of ethanol for fuel from Brazil, or Cuba…which will be the next to join the sugar cane based ethanol fuel industry. Sugar cane based ethanol is feasible for the climate where it can be done to produce fuel, but corn based ethanol has always been a boondoggle and scam because the numbers on it do not work. It is only a government funded subsidy billed to the taxpayers and shoved down their throats by “clean air” ENFORCERS that has created the corn based ethanol industry that needs to be abolished.
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sundance, “C’mon man”…
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sundance, “C’mon man”…
This is the opposite of what the failing Mark Levin has been screeching.
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The egg prices in your chart are not adjusted for inflation, so actually egg prices were more expensive in 1984 when they were around $3 per dozen (~1.40 non-adjusted sticker).
https://qz.com/502816/us-egg-prices-are-at-their-highest-in-more-than-30-years/
Milk is a similar situation. Adjusted gasoline prices are less than they were in 1936.
The largest issue facing the country is that income levels have not risen in line with these prices. Yes, much of this can be attributed to the loss of good paying jobs.
The biggest issue is China, yet I’ve not head much from Trump on this topic. as you;ve said it is more than cheap labor – it is cheap energy, commie government subsidized infrastructure products (industrial zones, etc). I’ve done business in China and can tell you the issues firsthand.
Do we need a better deal with Mexico on NAFTA? You bet. But to threaten import tariffs is actually quite childish. And for Sean Spicer to go on the record stating that a border tax will make Mexico pay for the wall is the height of foolishness. Like most people in government is seems painfully obvious he has never run a business. Or at least he has bever built anything. Service industry people don’t understand the manufacturing industry.
You stated “Yes, under Donald Trump’s proposal the cost of some “durable” goods -at least those we import- will increase.” Can you please link to thee proposals? I’ve yet to read anything that I would consider of any substance when it comes to these issues. I know the GOPe plan – and it is more corporate welfare.
From my perspective I think there is a vast underestimation of what it will take to “reignite a solid manufacturing base”. Further, with the protectionist measures required to essentially close off America to imports those manufacturers will be hard pressed to find international partners to export to as other countries will certainly enact high import tariffs. This, along with other issues, will hinder the influx of capital required to rebuild this base. Nobody wants to make products for just the USA, they want to sell worldwide.
The last thing, and perhaps most important is that the assumption to make all of this work is that these new American manufacturers will have to offer an as good or better quality product to what is now available. Yes, they will have to compete on quality, features, etc. But hey, if we don’t like it then we can just pay a 25% premium for an imported version – no biggie I am told.
And where do all these tariffs go? Why the government of course. Funny how that works. “Stop the bloated government and make it smaller. But here is billions more dollars for you to waste.”
I think there is a better way than shoehorning this whole thing with central planning. The government can stop putting us at a disadvantage by over-regulating us to death. They can negotiate reasonable trade deals and not start a trade war. Then they can just get the hell out of the way.
They can protect Americans by bringing back the relevant provisions of the Glass-Steagall Act. They can stop Wall Street from over-leveraging with our cash – whether we’ve got it invested or just in a savings account.
Just me $0.02 worth.
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Trump on omics ( vowel after consonant /p/ )
TRUMPONOMICS
REAGANOMICS
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The globalist whine of the week. Corona beer price will skyrocket.
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Answer Bots and Tech Support Calls answered in India got to be done away with to Make America Great Again
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I’ve been wondering who’d tackle the task of dealing with modern global competition. Unlike the 19th century, we can now move goods so fast that the world has effectively shrunk to the size of Little Old England. So now we have to compete with Red China’s slave laborers and folks in, e.g., Indonesia who make a dollar a day.
We can’t do it.
We can only claw back our manufacturing by main force. President Trump is on the job. Fascinating times we’re living in.
Please keep praying for our President. He’ll need all the Help he can get!
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