Commerce Secretary Ross Discusses NAFTA and Other Trade Initiatives…

Commerce Secretary Wilbur Ross appears on CNBC to discuss ongoing trade initiatives including NAFTA, China and the more broad Asia background.  Additionally, Wilburine discusses growth in GDP and anticipated economic enhancements from the tax cut legislation.

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Earlier today it was announced that ADP private payroll growth for January has exceeded 234,000 jobs gained.   “The job market juggernaut marches on,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs.  (read full story on payroll report)

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This entry was posted in Canada, China, Dem Hypocrisy, Donald Trump, Economy, Environmentalism, Japan, Legislation, media bias, President Trump, Taxes, Trade Deal, Typical Prog Behavior, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

45 Responses to Commerce Secretary Ross Discusses NAFTA and Other Trade Initiatives…

  1. Minnie says:

    “Eighth consecutive year”

    Yep, they will credit obunghole.

    Liked by 5 people

    • Michael says:

      Well the market crashed as soon as it was known obama was going to be elected so I guess you could make the argument it has been struggling upward since.
      (insert eye roll emojie here)

      Liked by 5 people

      • TheLastDemocrat says:

        I believe this is true. We suffered through some major problems, and we all (well, many of us) figured out how to cope as employees, owners, investors, etc., and the economy recovered.

        Nothing to brag about. It has partly been floated by BHO / Congress pumping money into the economy – how bad things have been has been shown by minimal inflation despite overflow of money.

        Now, we are having genuine growth. But the impact of the excess of money has to be deflated little by little.

        If we watch Trump negotiate this economic thread-the-needle journey, between Scylla and Charybdis, we will truly be seeing something at least Historical, and even Biblical. Sure Providence. I do believe it will take more than the remaining 3 years of this term.

        Liked by 1 person

    • The Boss says:

      Obama created 2 million PART TIME jobs annually through ridiculous obamacare definitions of full-time work weeks coupled with the individual mandate which forced people to take multiple PART TIME jobs just to get by.

      That’s one reason labor force participation cratered. Add in massive surges of illegal aliens, UACs and so-called refugees who are happy to be paid in cash and even more pressure is put on employment.

      President Trump’s policies are creating decent FULL TIME jobs in massive numbers, let alone bonuses and pay increases. And that is all in just one year. Obama’s pathetic, fraudulent performance can’t be taken seriously.

      Liked by 8 people

      • Minnie says:

        The deceptive media doesnt care for facts but we do!

        Thanks, Boss 👍

        Liked by 3 people

      • maiingankwe says:

        The Boss,
        Thank you for answering my question. As I was reading your post, my head was nodding as I was remembering, however, I was unable to put it all into perspective after reading that claim of eight years right then and there. I was bit in shock is all. Thanks for that, feeling much better and breathing is back to normal along with blood pressure. 🤗

        Like

      • prenanny says:

        “Add in massive surges of illegal aliens, UACs and so-called refugees who are happy to be paid in cash and even more pressure is put on employment.”

        The vast majority ( excluding true day labor ) were paid on the books through temp agencies that provided plausible deniability for the companies that hired them as a replacement workforce. Nobody was looking for illegals so there was little effort to hide them by paying in cash. Further, Companies involved in government contracts that required set asides for either minorities or females were also used as cover.
        It was a long standing accepted business practice that screwed the American worker.

        Like

        • Aguila2011 says:

          Sorry Nanny but you make everything seem so nice and neat. Unfortunately, there are plenty of Americans who skirt the law and use undocumented workers for their businesses or chores for cheap labor, usually manual labor. Construction, agriculture, restaurants, clinics, janitorial businesses, etc. pay lower wages for hard or dirty work and avoid taxes, benefits and other legal obligations by using these illegal immigrants. Just do some work and educate yourself. Check out this article as just one example: https://www.texastribune.org/2016/12/16/undocumented-workers-finding-jobs-underground-econ/

          Liked by 1 person

          • prenanny says:

            You are correct in that I do not know the full picture as am neither an employer of nor an illegal and I live on the East coast so my experience is limited to what I have seen. What I have described is happening, I trust that what you describe is also happening.

            Like

      • DD More says:

        U6 Unemployment Rate
        This interactive chart compares three different measures of unemployment. U3 is the official unemployment rate. U5 includes discouraged workers and all other marginally attached workers. U6 adds on those workers who are part-time purely for economic reasons. The current U6 unemployment rate as of December 2017 is 8.10.

        http://www.macrotrends.net/1377/u6-unemployment-rate

        Highlights of the graph
        Jan 2009 – U6 = 14.6%
        Oct 2009 to April 2010 – all Over 17%, except 1 month
        Jan 2017 – U6 = 9.4%
        Dec 2017 – U6 = 8.1%

        Like

  2. Pam says:

    I know what you mean Minnie. I’m waiting to see the unemployment numbers adjusted way down from today’s estimates like they were last month for December. With all of that being said, the MSM is in total denial about Obama not being POTUS anymore. They can’t admit how anemic the economy was under his lack of leadership. Now that we will be seeing the tax cuts kick in shortly, watch Dem panic sink to levels of insanity. Oh wait, it’s already there. 😉

    Liked by 6 people

    • prenanny says:

      Ever since the Great Depression the word depression has never been used the term recession has always been substituted.
      Make no mistake what we are climbing up out of is not only an American economic depression but a global one. The frightening thing about it was that it was by design.

      Like

  3. Donna in Oregon says:

    2 million jobs per year? Those part-time minimum wage jobs Obama created added up to 2 million per year….wow, McDonald’s was doing good!

    Obama’s economy comes close to President Trump economic boom….and I gotta bridge for ya too 🙂

    Guess we will figure it all out in the GDP, eh?

    Liked by 4 people

  4. fleporeblog says:

    This clown 🤡 talking to our Wolverine is right about the 1st Quarter GDP being historically the lowest of the 4 Quarters. In 2017, the 1st Quarter finished at 1.2% (keep in mind Barry was still in the WH for 20 of those days), the 2nd Quarter finished at 3.1%, the 3rd Quarter finished at 3.2% and the 4th Quarter is currently sitting at 2.6% with two additional revisions (February 28 and March 28). I expect the finalized 4th Quarter to be between 3.2% to 3.4%.

    Look at what the Atlanta Federal Reserve is predicting at this point for the 1st Quarter of 2018:

    Liked by 5 people

  5. Bull Durham says:

    Recall the campaign when DJT said he would use “killers” for bargaining on trade deals.
    Wilbur is a premier “assassin”.
    If trade is out of balance, Ross will “correct”.

    Liked by 15 people

  6. daizeez says:

    I especially liked seeing Wilbur Ross at the SOTU last night, peering around the person in front of him to see and really listen to the President’s speech.

    Liked by 11 people

  7. fleporeblog says:

    I’ve shared the points in the thread below over the last couple of days. Our President and our Killers have their eyes on NAFTA and China 🇨🇳!

    From the thread linked above:

    Everything I described will truly have AMERICA BACK AND BETTER THAN EVER! Cutting our need on imports has a multiplier effect. Our GDP by 2019 and 2020 will be closing in if not at 4% Annual GDP.

    By the time our President walks away on January 20, 2025, 5%+ GDP will become the new normal because factories will once again be up & booming like they did before NAFTA and China’s introduction into the WTO.

    Liked by 7 people

  8. jeans2nd says:

    Wilburine is awesomeness personified, as usual. How can anyone ever doubt this man as our Sec of Commerce?

    Princess Rainbow Sparkles took her NAFTA show on the road today, and went to – where else? – the Council on Foreign Relations, for a Q & A w/Obama Treas Sec Jack Lew.

    Initial listening – what a putz. 10 min into this, Sparkles has resorted to name-calling and accusations. Did you know we are protectionist AND tricksters? Of course, Jack Lew agrees.

    Sparkles is back to demanding lists – yes, lists – of what parts to be included in parts of cars. Exactly what Wilburine says we are leaving behind. Good luck with that one, Sparkles.

    Sparkles say Canada is looking to the EU market for cars. Ya, good luck with that as well, Putzy. That should go very well. She really does think she has leverage, ‘cuz everyone knows Canadians are nice ppl. Yes, that is one is Sparkles’ arguments. Sparkles really did say that.

    Princess Rainbow Sparkles tends to make one physically ill. Will finish listening tomorrow – have enough nightmares w/o Sparkles adding to them. https://www.youtube.com/watch?v=nRs4qSoFR9s

    Will re-listen to Wilburine. Thx for the vid. Almost as soothing a voice as SOS T-Rex.

    Liked by 8 people

    • Watch Wilburine inform Canada & Mexico that they had such a great idea importing a YUGE % foreign parts while calling autos “domestically produced” that we’re going to do it ourselves INSTEAD and charge duties on their Chinese co-conspirators. Consequently, parts for auto imports from our CanaMex “partners” must be 100% domestically produced or sourced from America to avoid import duties in the future.

      Liked by 9 people

    • MVW says:

      Canada and Mexico have been dragging their heels thinking Trump will go down, listening to promises of a Trump takedown from the Hell Demons left over from the Obama regime. Empty promises. Hoped for takedown has backfired on the DhimmiRats.

      Watch Canadian currency after the 7th round flounder; there is no plan B for Mexico and Canada. They won’t know what to do as there is no script to deal with a full function Trump administration and without NAFTA Canada currency will collapse.

      Trump will be gracious to the losers… somewhat… no since in a complete rout. But that assumes Canada and Mexico won’t be sore losers. The job after round 7 will be managing the carnage of the losers.

      Other countries will watch what happens and try to take away some lessons on surrender. Early surrender is better than late surrender.

      Liked by 6 people

  9. daughnworks247 says:

    YUGE difference from those “less than 30 hour” jobs at Starbucks as opposed to a manufacturing job.

    Liked by 6 people

  10. dutzie60 says:

    Did the fact that people had 2 – 3 jobs just to survive make any difference in the ‘high’ jobs created?

    Liked by 3 people

    • MVW says:

      Crumb jobs in an Obama utopia, full course meal jobs in a Trump economy.

      Part time jobs = no benefits and lower wages, no high wage overtime hours, lost time traveling to another job, more hours to scrape by month to month with total hours variable.

      A guy at Lowes hardware working part time used to be a manager, working 3 part time jobs, happy just to scrape by. Had his house mortgage paid off before, but had to take out a mortgage to get family living money.

      Trump election came just in the nick of time… for many Americans. For many Americans Trump election came too late and they lost homes, businesses. Anyone think the cocaine epidemic occurred all by itself??

      Liked by 4 people

  11. tiger says:

    When Rick Santeli ignited the Tea Party movement in 2009 with a speech from the CBOE floor, guess who was in the CNBC studio at the time?

    Liked by 4 people

  12. Can anyone interview our Wolverine who produces a more than “ho, hum” response? Haven’t seen one yet. Ross in this episode appears light years ahead of this guy. But, true to form, Mr. Ross listens and patiently explains our President’s position. Simply and succinctly. Always beginning his response with “well..”. Carry on, Wilbur Ross. You sneaky devil you.

    Liked by 9 people

  13. A2 says:

    What I like about Mr Wilbur, aside from his wicked sense of humour, is he is very conservative (circumspect) in speech and only speaks to what he knows. The interviewer was trying to get some ‘insider tips’ for the investors and instead received a full blown recap about the President’s magnificent Sotu.
    (I thought I saw a gotcha in Mr Wibur’s eye).

    Liked by 6 people

  14. maiingankwe says:

    Secretary of Commerce Wilbur Ross has the patience of a saint! I love how he is so even keel. He sure as heck doesn’t seem the type to get bent out of shape over ridiculous or already answered questions. He is amazing.

    I so have a crush on his temperament and intelligence. I never thought that would be possible, but there it is. My crush doesn’t have any physical attraction to the man, I just love his smarts and how level headed he is. I would’ve loved to have had him as an uncle just to pick his brain, and I know he would’ve been real patient. He is just simply amazing and yes, I know I already said that, but I feel it’s worth repeating. 😁. I love our Wilbur Ross.

    Liked by 2 people

  15. Blacksmith8 says:

    WILBURINE!!!

    Sorry, I couldn’t help myself, I had to. /snarc
    Okay I felt compelled.

    Like

  16. Aguila2011 says:

    Sheesh, CNBC might as well show the CNN logo instead, they are so biased against Trump and pro-democrat! What an idiot that interviewer is. I don’t know his name but he comes across as a complete buffoon. What a maroon!

    Like

  17. Patriot Lady says:

    I know our president is doing everything he can, considering his overwhelming opposition in Congress, but I won’t be happy until I can go to the grocery and buy a tomato not from Canada or Mexico, or a pair of shoes at the shoe store not from China. Sorry, but I can’t help but appreciate the days when my husband bought only Craftsman tools because they were made in the US. How do these political and corporate devils sleep at night—- passing untold labor laws and minimum wage laws to benefit US workers, and then importing products from overseas that break the third time they’re used or light bulbs that fall apart before you get them unscrewed from the socket! Satan has a room at ‘Hotel Hell’ waiting for them.

    Like

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