The trade war and the moral cowardice of the “heartland voter” demonstrate just how little “heart” there is in this land.
The Chinese are no fools.
As rosy as the economic data seems, there’s still some pretty serious questions hanging over this economy.
How do you operate a national economy, let alone the global economy, on a commodity so small that an errant box fan could conceivably wipe out an individual’s wealth?
When Trump sat down across the table from Xi Jinping, he mistakenly believed that it was an opportunity to do business. Xi let him believe it.
With China instituting 25% tariffs on over one hundred American made products, a trade war with China is no longer a mere hypothetical, and with Donald Trump being who he is, he is practically guaranteed to retaliate “ten times harder” (basically another way of saying he’ll grossly overreact to this threat to his manhood).
[D]espite the bump in the stock market from the positive preliminary jobs numbers, it’s important to keep in mind the greater perspective.
The only rational path to solving America’s Rustbelt isn’t going to be punishing the rest of the world for not adopting the same bad policies that have put millions of American workers, largely minorities, out of the workforce for generations and seriously damaged our ability to compete in an increasingly global economy.
Skepticism, not trust, of our political class is the American tradition, and those who demand political fealty to their political leader betray that tradition.
So 100 days later, how have Donald Trump’s central campaign promises held up?
One of the central pillars of socialism is that government not only can maintain control over every element of the economy but must do so.
If Trump honestly believes he can bully the Chinese government, he has already lost.