Everything Trump Touches Dies - Including Trade & Bringing Jobs Home
By Thom Hartmann A...
This just in from Lori Wallach, Director Public Citizen's Global Trade Watch - In his speech now underway at Whirlpool in Ohio, Trump claimed to have met all of his trade promises from 2016. NOT!- Trump did not stop U.S. job outsourcing: The U.S. Department of Labor has certified more than 175,000 Americans as losing jobs to trade during the Trump administration's first years. And Trump's notion that the new NAFTA will restore hundreds of thousands of manufacturing jobs have proved baseless as U.S. auto firms announced plans to increase production in Mexico from Ford's Mustang electric SUV to GM closing U.S. plants and moving popular vehicle lines to Mexico.
- Trump did not eliminate the trade deficit, its higher than when Obama left office: Instead, Trump's trade deficit is higher than when Obama left office in 2016. Based on Census Bureau data released yesterday, we know the U.S. trade deficit in the first half of Trump's fourth year in office remains 6.5% higher than in the same period in Obama's last year, despite a 15% overall fall-off in trade flows related to the global pandemic. Even with trade flows dropping the past six months, the NAFTA trade deficit jumped 88% under Trump.
- Trump talk, not action on Buy American: Trump has not used authority he has to end massive Buy American waivers for companies and products from 60 other countries. These waivers, which apply to countries with which the United States has trade agreements and trade preference programs, require U.S. government agencies to waive Buy American preferences for all but the lowest-value government contracts. Effectively, these rules offshore our tax dollars rather than investing them to create jobs and innovation at home. Every president has statutory authority to unilaterally end these waivers.
- Trump did not hit China as a currency manipulator: In 2016, Trump repeatedly pledged that on his first-day in office he would declare China a currency manipulator. Instead every six months since then, his administration has made an affirmative decision not to do so.
-Thom
Comments
#2
Don't hold back Deepspace, tell us how you really feel!
Like I said the other day, it is so predictable.
So predictable and why sports will not work.
#3
haha ...A disgust beyond description.
Rainbows on the horizon: children are immune; someday the virus will just disappear; the numbers look great -- best in the world; it's the DemocRATs' fault, and China's too; mail-in ballots are bad, very bad (except in Florida and Arizona); absentee ballots are okay though. All those COVID deaths? "It is what it is."
#4
Not everything COVID-45 touches dies, his personal wealth grows daily . Emoluments clause anyone?
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Anyone who believes that one of history's worst liars would keep his promises or possess the ability to govern effectively and intelligently is a goddamn fool of the first order. There is only one party in the United States that attracts such hopeless fckheads like flies to sht. Guess.
And now, unbelievably, with remarkable ignorance and arrogance, these phony flag-waving, bible-thumping authoritarian followers with the minds of gnats, who are abnormal cancerous mutations on our dying democracy, have convinced themselves, and no one else, that the rest of America is as dumb as they are, that the majority of rational humans would want another four years of the lunacy, idiocy, and depravity that is the Trump "administration."
The only path to his re-election (more accurately described as "re-cheating") is a massive campaign of voter suppression, which is well underway, and insidious Russian interference, which is also well underway.
After three and a half years of a totally dysfunctional government that has brought this once great country to its knees in every possible way, Republican dead-enders who still plan on voting yet again for even more of Trump's utter insanity and evilness deserve every disgusting descriptor that can be rightfully attributed to them. They need to be laughed off the stage and ridiculed mercilessly every time they pop their stupid heads above the trenches -- for the sake of the planet, our future, and our children's future!
Vote like your life depends on it. The stakes don't get any higher.