Donald Trump

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Congratulations! I know how hard that is, especially with a theoretical degree that doesn't really apply to the real world around us, because of that pesky "all other things being equal" Get Out of Jail Free card that economists like to use. It is amusing that there are economists who believe they have conclusive proof that BOTH sides of the argument work! I have a few friends who are economists and this is a regular bone of contention, seeing that they are on diametrically opposed sides in most economic/political arguments! ;-)



It is amusing that in one post you tout his bonafides as a Billionaire, who has made his money from globalization, yet somehow believe that this masquerade about America First is meant to put money back in the pockets of the Rust Belt middle class, which is gone forever.

While I certainly agree that the concentration of wealth in the world is a bad thing, I think it is a leap too far to suggest that Trump's plans are ANYTHING to do with REAL globalization. Rather, they are about making a show of fulfilling the campaign promises he made, that themselves were built on the fears of the uneducated and unwilling. He is making a big show because he is an illusionist....and the real show is elsewhere, where he is making serious changes to the power structure in American politics TO SERVE HIMSELF. He is a carnival barker...and that is being generous.



For at least two generations, the western attitude to the Middle East has been a function of appeasement and containment. Give us the oil, we'll give you the money, stay in your lane.

More recently, since the Wahabbi's made it so clear they believe that their rulers (the House of Saud) were not adhering to the tenets of their religion in favor of playing nice with the infidels in the west for wealth, we have become an easy target. However, it is the very profitable business of fear that has created this monster, not the reality of proportion, even though death has been brought to the door of Americans. Donald LOVES that fear, uses that fear, and exploits it to do things like he did this weekend.

The Cato Institute, a CONSERVATIVE THINK TANK that is no friend of liberals, has counted the number of Americans killed in America by citizens of the seven countries on Trump immigration ban since 1975 (that's even before the hostages were taken at the American Embassy in Iran, which many believe was the day terrorism came home to America). From 1975 to 2015, a period of 40 years, there were ZERO. SEVEN COUNTRIES...ZERO KILLED.

However, when looking at the countries INSIDE the "Circle of Terror" those seven countries create (see a map), Egypt is responsible for 162 deaths, UAE 314 deaths and the grand daddy Saudi Arabia citizens are responsible for 2,369 deaths of Americans on American soil. Hmmmm...why no immigration ban for those 3 countries?? I'm sure it isn't the FACT that there are no Trump Hotels in those 7 countries, but there are Trump Hotels and other business ventures in Egypt, UAE, and Saudi, is it??!



So, things Clinton said scared you, but things Trump said, and continues to say, don't? Uh huh! Got it! Don't understand it, but now understand that the propaganda campaign was successful on you.



There is rhetoric and then there is action. You have fallen for the rhetoric, seen his Executive Orders (many of which REQUIRE Comgressional funding, so the jury is out on them) and somehow believe he is moving in the right direction? Did you see what he just did to his National Security Council? Did you see thathe removed any mention of the Jews from his Holocaust statement, on the same day he makes the Muslim ban?

He is the loosest of loose cannons.



See above. And, that 46 number is right out of the mouth of the Alternative Facts Lady herself!



My wife might preferto answer that comment herself, seeing as she was one of the millions who marched. However, she is not here, so I will simply say that women, who make up over half the country, are sick and tired of old, white males telling them what they can and cannot do with their own bodies by cutting off access to their healthcare, not even coming close to enacting an Equal Rights Amendment to the Constitution, and consistently denying their rights. Even Trump himself, pussy-grabber-in-chief surrounded himself with those old white men when he was signing his Executive Order to defund family planning.

Trump is a first order twat who is masquerading as an all-American hero, because that is his schtick. Unfortunately, some have chosen to accept that schtick at face value without the necessary critical thought of compiling other data that suggests he is absolutely NOT the American Altruist he proclaims himself to be. Watch and see.

Bravo.
 
I can see why you might think this, but your logic is flawed. Globalisation is not a race to the bottom, it creates wealth. It always has done, right back to the days of ancient Eqypt, the Romans, the Venetians, Victorian Britain, you name it. Free trade has always created wealth. The problems you cite are because the methods of redistributing that wealth are not in place or to your liking.

You suggest that the wealth only goes to the super rich, but this is patently not true. You are ignoring the enormous benefits to the hundreds of millions or ordinary Americans who benefit from cheaper goods, which means their standard of living is greatly increased. That you can buy a 65" TV for a few hundred dollars, is a good thing for millions of people. That their cars cost less than they would otherwise do, is a great thing. It's made hundreds of millions of Americans much better off. Standards of living have increased enormously.

Globalization and the ability to outsource manufacture to countries with a lower cost base; and the ability to import low cost goods, is great for America, and it's great for the exporting country too. No-one would deny that China has benefitted hugely from global trade, but so has America, massively. If there is a problem, it is that the vast additional wealth that America has accrued, has not been shared as perhaps you would wish.

So the "fix" to this "problem" is not protectionism. American companies have gone bust and American jobs have been lost because they cannot produce goods of the right quality at a competitive price point. Protectionism therefore simply forces Americans to buy inferior quality products at excessively high prices, and needless to say this is very bad. It takes money out of the pockets of millions, to the benefit of a few. It rewards mediocrity and penalises everybody. And crucially it's bad for the economy: the net sum is lower overall wealth.

The solution therefore (if you are unhappy) is to not to discourage globalization, but to better redistribute the wealth it creates. To provide better education, better welfare, and to use the country's resources to help create new and high value jobs, not prop up failing ones. Leave the low-paid unskilled work to be done by countries prepared to do it for peanuts.

Do you want to live in a country where millions have low-paid, unskilled jobs? Do you think that's the answer? It isn't.

I understand where you are coming from but the effects of globalisation are more complex. I agree that at certain times in the economic cycle globalisation does generate wealth for all concerned, but we are not, particularly in the UK, in that part of the cycle anymore. It all boils down to supply and demand. The proof in my argument can be seen from the lack of real earnings growth as highlighted by the head of the Bank of England, Mark Carney, last year.

The decimation of our manufacturing sector in the UK is caused by cheaper labour costs elsewhere and little or no penalties or limitations to access this cheaper labour market. This has led to a huge loss of highly skilled and well-paid workers, not low-paid, unskilled jobs. I worked for many years within the engineering sector. My company sold specialist software and the year on year demise of the customer base, ie engineering companies, was terrible to watch. The fact was that no matter what they did they just couldn't compete with the likes of China and India. Their demise also had ramifications for the regional supply chain. Unfortunately, the UK doesn't have the economic muscle to lay down the law to manufacturers chasing cheap labour and higher profits, but clearly, the US does, and Trump is proving that intervention can work. Surely this is a good thing?

There are also different kinds of trade deals. I am particularly alarmed by the powers the TPP and TTIP give to corporations. People really need to ask the governments involved why they have included within the agreements the ability for corporations to sue nation states for potential future loss of earnings caused by a change in law or government policy. If Trump includes these powers in the trade agreements he negotiates my position towards him will change dramatically, but until then I applaud him for opting out of TPP and hopefully by implication TTIP.
 
i think all this media coverage is just gonna make people not care or turn off there tvs. I'm getting sick of hearing about trump now. i think the vast majority of people dont care either.
 
This, have to add that open trade routes have always encouraged diplomacy over war as well, right back to the time of the first Chinese dynasties.
Fuck me mate calling her the appeaser is ridiculously naive.

She's in the midst of a colossal worldwide negotiation strategy and would be committing political suicide if she started slating the most powerful man on the planet.

What people need to remember is that she's got the well-being of dozens of millions of people to negotiate for and will be trying to deter confrontation with major players around the world.

I completely agree. Unfortunately, some people have no idea. Who needs a free trade deal with the $18trillion US market anyway?
 
Personally I would take the opinion of a 'rocket scientist ' engineer over that of an economist.
Then again, being from an engineering background myself my bias would probably be that way inclined.
 
Personally I would take the opinion of a 'rocket scientist ' engineer over that of an economist.
Then again, being from an engineering background myself my bias would probably be that way inclined.


So on the matter of economics you would rather listen to a rocket scientist than a economist
 
i think all this media coverage is just gonna make people not care or turn off there tvs. I'm getting sick of hearing about trump now. i think the vast majority of people dont care either.
Trumps gone in windmilling before the 20th anniversary of Princess Di's passing gets into full swing.
 
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