Ping
Wow, a business publisher that gets it.
Oh my... Forbes speaks truth to power? For the last 30 years America as exported jobs, money, and the infrastructure to manufacture because of POLICIES designed to do just that. The global plantation can only happen if America is downsized. Trade war? No. But we CAN protect the industries that provide the very capabilities that we MUST have to defend ourselves financially AND militarily. Google cannot build bombs.
The fact the Chinese don’t want Trump elected is all the more reason to elect him.
I was in china when Clinton agreed for China to enter the WTO and granted MFN status.
I simply couldn’t grasp it, except as a brief headline grab by Clinton. American auto parts, for example, were subject to a 35% import duty, ultimately, after many years, declining to somewhere around 15%
Meanwhile, the USA allowed duty-free access to China-manufactured auto parts.
Holy diddlies, this is FORBES?! Yay!!!!!!!!
ping
The corrupt, rotten-to-the-core GOPe has brought Trump, and therefore its own destruction, upon itself.
The GOPe has sandbagged and backstabbed Evangelicals, Tea Partiers, and Constitutional Conservative candidates for years and deserves the upcoming annihilation it will receive in November.
There is no way Trump is going to beat Hillary (he will be crushed). However, he will bring destruction to the GOPe-led Republican Party, and that is the most beneficial outcome possible.
He’s winning because the PC police can’t shut him up. I’ve been waiting a long time for such a man.
gg188:
Thanks for this link, as another poster said, this if Forbes magazine now recognizing that Trump is in substance been correct about the Trade deals all along. If I am Trump’s campaign, I read this article and site it on the News shows tomorrow and going forward.
Forbes is captain obvious here, but good to see one of these people leak out the truth of what this so called experiment in “free trade” has been all about.
I’ve been waiting my whole life for a President to come along and really mean it regarding “leveling the playing field” on international trade.
Fingers crossed for Trump
CONSIDER THIS SHOCKING FACT: while China's number one export to the United States is $46 billion of computer equipment, the number one export from the U.S. to China is waste $7.6 billion of waste paper and scrap metal.
Bestselling author Clyde Prestowitz reveals the astonishing extent of the erosion of the fundamental pillars of American economic might beginning well before the 2008 financial crisis and the great challenge we face for the future in competing with the economic juggernaut of China and the other fast-rising economies. As the arresting facts he introduces show, the U.S. is rapidly losing the basis of its wealth and power, as well as its freedom of action and independence. If we do not make dramatic changes quickly, we will confront a painful permanent slide in our standard of living; the dollar will no longer be the world's currency; our military strength will be whittled away; and we will be increasingly subject to the will of China, Russia, Saudi Arabia, and various malcontents.
But it doesn't have to be that way. As Prestowitz shows in a masterful account of how we've come to this fateful juncture, we have inflicted our economic decline on ourselves we abandoned the extraordinary approach to growth that drove the country's remarkable rise to superpower status from the early days of the republic up through World War II. For most of our history, we supported our home industries, protected our market against unfair trade, made the world's finest products leading the way in technological innovation and we were strong savers.
But in the post-WWII era, we reversed course as our leadership embraced a set of simplistically attractive but disastrously false ideas that consumption rather than production should drive our economy; that free trade is always a win-win; that all globalization is good; that the market is always right and government regulation or intervention in the economy always causes more harm than good; and that it didn't matter that our factories were fleeing overseas because we were moving to the "higher ground" of services. In a devastating account, Prestowitz shows just how flawed this orthodoxy is and how it has gutted the American economy. The 2008 financial crisis was only its most blatant and recent consequence.
It is time to abandon these false doctrines and to get back to the American way of growth that brought us to world leadership; Prestowitz presents a deeply researched and powerful set of highly practical steps that we can begin implementing immediately to reverse course and restore our economic leadership and excellence.
The Betrayal of American Prosperity is vital reading for all Americans concerned about the future of the economy and of our power in the coming era.
Big Daddy Trump - and his government - will protect us poor victims.
Trade and immigration. The two issues Trump has over the rest.
Recent announcements of large companies bailing out of the negative business environment the US has created.
Avon is moving to Britain
Johnson Controls moving to Ireland
Our government..High crimes and misdemeanors. Trump is the only one who can pull us out of this. He understands the problems and what is at stake. No wonder some foreign leaders are trying to influence the election against Trump. They do no want to lose their their Sugar Daddy..The US Government and the perks.
I have a hard time believing everyone at GM, Ford or Chrysler is getting "manipulated" in a business deal. If a foreign government could manipulate them this easily, they would have been out of business decades ago.
I’m tired of “why Trump is winning” threads. I think the primary results are making the reason rather obvious...(while a second headline shows the GOP supported a “core education” Obama nominee).
Please. American trade negotiators/regulators are not cream puff, nor are they incompetent. They obey their corprorate masters and do exactly what they’re told.
Trade policy is an issue for a small percentage of voters.
Trump is winning because voters believe that he will enforce our borders. Economic issues are in the back seat this year.
Allahu Akbar shouting Jihadis gave this election a different dynamic.