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Mitt gives Mormons (whom I love) a bad name. I thought Mormons weren’t meant to bad-mouth others. Yet Mitt had nothing but bad things to say about Donald Trump, who is political tabula rasa, and has never passed a law in his life.

Neither has Trump ever caused the death of a single Iraqi kid. But the religiously devout Romney called him evil for defiling the precious memory of someone who had caused many thousands of such deaths: Bush II.

The meme about Mitt Romney is that had he attacked Barack Obama with the vim and vigor he reserved for Trump, he might have made it to president.

(Likewise, if only Abe Foxman of the Anti-Defamation League went after Muslims who lob bombs at Jews with the passion he reserves for gentiles who raise their right hand in a pledge of support for Trump. Poor Abe is seeing Nazi faces in the clouds again.)

Romney also claimed Trump would “propose 35 percent tariff-like penalties,” and “would instigate a trade war that would raise prices for consumers, kill export jobs, and lead entrepreneurs and businesses to flee America.”

I don’t know that Trump favors protective tariffs, import quotas or export subsidies.

I do know that we don’t have free trade.

What goes for “free trade,” rather, is trade managed by powerful bureaucracies—national and international—central planners concerned with regulating, not freeing, trade; whose goal it is to harmonize labor, health, and environmental laws throughout the developed world. The undeveloped and developing worlds do as they please.

My understanding is that Trump simply wants to make these agreements and organs work for the American people.

I know, too, who did support “labeling China a currency manipulator,” so that he could “put in place, if necessary, tariffs where … they are taking unfair advantage of our manufacturers.”

Mitt Romney in 2012.

When it comes to the glories of an aggregate, negative balance of trade, libertarian post-graduate cleverness deserves to be questioned.

All libertarians (check) understand that voluntary exchanges are by definition advantageous to their participants.

Costco, my hair stylist and the GTI dealer—all have products or skills I want. Within this voluntary, mutually beneficial relationship, I give up an item I value less, for something I value more: a fee for the desired product or service.

My trading partners, whose valuations are in complementary opposition to mine, reciprocate in kind.

Ceteris paribus (all other things being equal), there’s nothing wrong with my running a trade deficit with Costco, my hair stylist or my GTI dealer, as I do—just as long as I pay for my purchases.

The data demonstrate that Americans, in general, are not paying for their purchases.

Americans, reports, actually have more debt relative to income earned than Greeks. “Indebted U.S. households carry an average credit card balance of $15,706, according to NerdWallet.”

Corporate America, say analysts at Goldman Sachs, is also heavily leveraged.

The Federal government is the definition of debt. The U.S. national debt is over $19 trillion without federal unfunded liabilities. Those exceed $127 trillion, by Forbes’ 2014 estimate.

Total public debt as a percent of Gross Domestic Product, announced the Federal Reserve Bank of St. Louis, is 100.5 percent. Our improvident government’s debts, liabilities and unfunded promises exceed the collective net worth of its wastrel citizens.

Given these historic trends, it seems silly to dismiss the yawning gap between U.S. exports and U.S. imports as an insignificant economic indicator.

Because of decades of credit-fueled, consumption-based living, the defining current characteristic of our economy is debt—micro and macro; public and private.

Unless one is coming from the pro-debt Keynesian perspective, is this not an economically combustive combination?

Non-stop consumption—enabled by government monetary and regulatory policies—has coincided with a transition from a manufacturing-based economy to a service-based one; and from an export- to an import-oriented economy. For some reason, this reality has excited febrile libertarian imaginations.

I recall how animated Virginia Postrel, author of “The Future and Its Enemies,” became at the general shift in the American economy from knowledge-related to retail jobs, even faulting the Bureau of Labor Statistics for not recognizing the rise of spa-related personal services—manicure and massage therapy—for the powerhouse growth industries they are.

Historically, America’s annual trade deficit has been rising. Libertarians at CATO promise “[t]rade deficits do not cost jobs. Rising trade deficits,” they say, “correlate with falling unemployment rates. Far from being a drag on economic growth, the U.S. economy has actually grown faster in years in which the trade deficit has been rising than in years in which the deficit has shrunk.”

Contra the Keynesians who control the economy—and whose thinking some libertarians appear to be propping up intellectually, in this instance—real wealth is created not by printing paper money and galvanizing the globe’s governments to buy this government’s bonds, but by the production and consumption of products. An abundance of goods, not money income, is what makes for an increase in wealth.

A natural shift must, therefore, take place in the U.S. from an economy founded on consumption and credit to one rooted in savings, investment and production.

The U.S. Bureau of Economic Analysis announced, March 4, that “the goods and services deficit was $45.7 billion in January, up $1.0 billion from $44.7 billion in December. Year-over-year, the average goods and services deficit increased $1.6 billion from the three months ending in January 2015.”

Moreover, from the fact that America purportedly ran trade surpluses during the Great Depression it does not follow that the nation’s current trade deficit is inconsequential as economic indices go. It could just as well mean that the economic fundamentals today are worse than they were during the Great Depression, since this country has never before been as deeply in hock as it currently is.

Far from comprising discrete parts, the economy is ineluctably interconnected. The trade deficit belongs to a nation enmeshed in debt.


Trump the business mogul is motivated by the sense that the nimbus of great power that surrounds the U.S. is dissipating. Fair enough. He must, at the same time, search closer to home for the causes of America’s economic anemia and for the burdens of doing business in America.

As for Mitt; he got off lightly. Trump’s linguistic infelicities are becoming legion—almost as bad as George W. Bush’s.

At a loss for words to describe Romney, who respects the Republican voter not at all, Trump let him off with a soft, indecisive “sad.” Let’s hope Trump’s incoherent, meandering pattern of speech doesn’t give way to soft talk.

• Category: Economics, Ideology • Tags: Donald Trump, Free Trade 
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  1. I recall how animated Virginia Postrel, author of “The Future and Its Enemies,” became at the general shift in the American economy from knowledge-related to retail jobs, even faulting the Bureau of Labor Statistics for not recognizing the rise of spa-related personal services—manicure and massage therapy—for the powerhouse growth industries they are.

    “Back in the day” (I have in mind the day in which Kurt Vonnegut wrote Player Piano), the standard metaphor for the sort of pseudo-economy that we Amur’kins now enjoy was “everybody prospering by taking in each other’s laundry.” Nowadays, the concept of laundry is probably far too industrial for our tastes. So, we’ll all get rich by giving each other mani-pedis and massages.

    I have noted a near-infallible rule of thumb here in The Land of the Free, here in the last decade or so: if you’re out driving and you see some large-scale construction going on, you can be confident that what’s being built is a hospital or a nursing home. And small-scale commercial construction will be a fast food franchise.

    Prosperity requires the production of things that a reasonable person is willing to buy, on a voluntary basis. Very much out of fashion, here in the Home of the Brave.

  2. nickels says:

    Pretty good read:

    Manufactuting helps R&D, provides blue collars jobs, absorbs capital, provides national security.

    5 year gradual buildup to 30% tarrif on all imported manufactured goods.

    • Replies: @Harry Huntington
  3. Leftist conservative [AKA "Make Great Again"] says: • Website

    I am a big Trump fan (unlike Steve Sailer), but Trump has not done a very good job of painting the Big Picture on trade for us.

    25 years or so ago, roughly, give or take etc, the idea was to let the developing nations take all the manufacturing jobs, etc and america would take all the office jobs.

    That worked for a while, thanks to the dotcom and real estate booms. But it looks like a dead end.


    Several reasons:
    1. Computers and internet facilitated not only outsourcing but also transfer overseas of the knowledge and culture needed to allow the developing world to take a lot of those office jobs.

    2. Plus, computers and the internet are making it possible for workers in america to do more work, thus requiring fewer office jobs.

    3. Work visas are hurting americans.

    4. Mass immigration is pushing americans, especially young americans out of entire industries.

    There are other factors of course.

    One thing trump has not really mentioned is that most manufacturing jobs are not that good. The best manufacturing jobs are those that turn raw material into parts. Those are the jobs that germany kept and that japan and now china are taking.

    How do we fix it? NOT by raising tariffs or forcing developing nations to make their currencies stronger. What trump completely missed is that if we DO use our bargaining power to make china et al strengthen their currencies, that is also going to make imported items more expensive.

    I like cheap chinese imports.

    Here is what we can do–force other nations to open their markets to our products. That is one thing trump has right.

    Also, stop immigration. Trump called for a halt on all immigration for a year or two during the debate just a couple days ago. But I seem to be the only person in america to take note of that fact.

    Also, use our power to get the good manufacturing jobs back here, the jobs that turn ore into parts.

    other things we need trump to do–stop giving colleges unlimited funds via student loans. Student loans should be greatly limited.

    Also, make it much easier to build homes in america—zoning and other laws need to be greatly relaxed, along with regulatory burden in general.

    • Replies: @The Alarmist
    , @Karl
    , @woodNfish
  4. edNels [AKA "geoshmoe"] says:

    the term Free Trade… is an oxy…. there is no such a thing!

    • Replies: @edNels
  5. TG says:

    With respect, while there is much of interest here, you misrepresent Keynes.

    Keynes NEVER said to just print money and give it to the big banks so they could play games with derivates etc. In fact the opposite: Keynes was dead set against our current policy of throwing money at big banks that refuse to make loans to the real economy. Keynes only said that IF there is a shortfall in demand – which CAN happen in a market economy, thank you very much – then the government priming the pump can help correct things. And that is true. In the US the great depression was ended by massive government spending on the real physical economy during WWII. It just was. This is a fact.

    But Keynes NEVER said that governments should deficit spend in excess in good times and bad, for shame, that’s just not true.

    Here is Keynesianism in a nutshell: imagine a person starving to death, even though there is a banquet table of food not ten meters away, because they claim that they cannot afford to pay themselves enough to walk to the table. Insane, yes?

    And if there are abundant resources and labor and capital, and it all stands idle because we can’t afford to pay ourselves enough to make use of it – isn’t that insane as well?

    • Agree: Wizard of Oz
    • Replies: @Yak-15
  6. @nickels

    How about this instead. An immediate 50% tariff on all “consumer” goods, with a 4 year ramp up to a 50% tariff on all component parts and goods required to rebuild a manufacturing base. 100% tariff on steel, aluminum, and refined petroleum products.

    100% export tariff on all agricultural products.

    100% export tariff on all unrefined, unmilled or unprocessed mineral or wood products.

  7. Priss Factor [AKA "Dominique Francon Society"] says: • Website

    If home invasion is bad, so is homeland invasion.

  8. Jefferson says:

    Mormons tend to be bad politicians. First Harry Reid and now Mitt Romney.

  9. As David Stockman pointed out in his most recent column, no matter what any candidate for president says or does, America’s economic goose is cooked.Our problems are structural; our staggering burden of debt and unfunded liabilities can never be paid down; there isn’t enough wealth in the world to do so. The burden can only be dislodged by either a great default, a war, or a currency collapse, probably a combination of all three.

    This doesn’t change my opinion that Trump is absolutely right on his economic platform. It’s just that no one can avoid reaping the harvest we have sown.

    • Replies: @Wizard of Oz
    , @epebble
  10. @Leftist conservative

    “One thing trump has not really mentioned is that most manufacturing jobs are not that good”

    With perhaps 100m low- to un-skilled people sitting around collecting dole and wreaking havoc, at this point any manufacturing jobs would be a good start.

    I get the theoretical argument for free trade — that diplaced workers will retrain into the new economy higher-value jobs — and see it for what it is … Theory.

    Free trade as envisioned by TPTB is a canard for the real goal of dumbing us down and impoverising us back to serfdom.

  11. Rehmat says:

    Yes – every pro-Israel Christian loves Mormons. The anti-Muslim Republicans, Benjamin Netanyahu, Donald Trump, casino mogul Sheldon Adelson, etc. all loved Mitt Romney in the 2012. but I bet you don’t know the reason why? Because the founder of Mormon cult, Joseph Smith had proclaimed himself: “King of Jews.”

    Maureen Dowd, a long time columnist with the ‘Jew York Times’, didn’t know that either. She was slammed by the Organized Jewry for her claim that Mitt Romney and his sidekick Paul Ryan, were both controlled by the Zionist Jew puppet master Dan Senor (Daniel Samuel Senor). Dan Senor, Fox News contributor and columnist with WSJ received his education in Toronto and Jerusalem. He was Paul Bremer’s spokesman in Iraq. He has written a best-selling book on the wonders of Israel. His sister ran AIPAC’s Jerusalem office and her husband is a far-right writer in Israel. He is an outspoken apologist for the anti-Muslim Israeli Likud.

    • Replies: @Wizard of Oz
    , @epebble
    , @edNels
  12. map says:

    The purpose of Trump’s trade policies should be to produce a robust and complex economy that creates jobs that people can actually do. An economy bifurcated with retail workers and McKinsey consultants is not workable.

    The purpose of the tariffs is to remove the benefits of labor arbitrage that is moving America’s industrial base out to the developing world. This is an unconscionable act. Mass manufacturing is a strategic resource as well as a source of robust employment. Getting that back into US is of paramount importance.

    And, no, it is simply not true that tariffs will automatically raise prices. All companies face downward-sloping demand curves and any price increases have to be done carefully or else sales are reduced. Tariffs will actually reduce profits as companies try to maintain revenues. This profit reduction will continue until the business can be repatriated.

    You are simply not going to see any real increase in price for imported goods as a result of these tariffs.

    The Ricardian equivalence argument is just nonsense. Why do you need to lose your lower paying job in order to go apply for your higher paying job? Why not apply for the higher-paying job in the first place? Furthermore, what’s going to happen to the higher-paying job when so many unemployed people are competing for it? You guessed it.

    • Replies: @Spanky
  13. @Reactionary Utopian

    “Back in the day” (I have in mind the day in which Kurt Vonnegut wrote Player Piano), the standard metaphor for the sort of pseudo-economy that we Amur’kins now enjoy was “everybody prospering by taking in each other’s laundry.” Nowadays, the concept of laundry is probably far too industrial for our tastes. So, we’ll all get rich by giving each other mani-pedis and massages.”

    More like we’ll barely scrape by giving the wealthy mani-pedis and they’ll stay rich by managing the continued destruction and multinationalization of our industrial base, largely built at taxpayer expense in the cold war.

    It’s what I call “the footman economy”. Plenty of nutritious gruel and a warm place to sleep for the footmen, lackeys, gardners, chauffeurs, sexual-service providers, yoga instructors, manicurists, barristas and masseusses.

  14. Sam Shama says:

    Dear Ilana
    Permit me to come straight to the point. It is rather unbefitting of an intelligent writer of your calibre to continue subscribing to Austrian economics [a mild contradiction in terms, not altogether dissimilar in awkward import, to ‘the religion of peace’]. Its at best a middlebrow collection of nutty, moralistic wax, and harrowed attempts to cobble together a ‘theory’ which fails both on account of internal inconsistencies and a total lack of any empirical evidence.

    Which brings us to the small matter of Trump’s economics. It is classic Keynesian. Both in its favour of public investment spending and the principled stand on ‘fair trade’.

    I penned a few comments recently, on the Fed, monetary policy, and why I wholeheartedly embrace Donald Trump’s positions. Needless to note, you support the very same and were you spare a moment or two on the following, I should very much appreciate any thoughts.

    • Replies: @5371
  15. @Reactionary Utopian

    You forget the importance of financial advice as a form of employment for the masses of people with IQs in the 95-110 range. A pity that retiring on investments which pay about 2 per cent doesn’t give much scope for paying fees and commissions to those who supposedly know better how to manage savings and investments who must hope they are employed by a too big to fail bank with a good pension scheme.

    Still they can make the personal face to face call better than the Skype videolinked foreign accented financial adviser in Bangalore or Manila.

  16. @Harry Huntington

    And what do you think other countries would do about it in response? And how do you think American courts would treat attempts (not just by foreigners) to enforce treaties which don’t allow such policies?

  17. @Intelligent Dasein

    You don’t distinguish between the debt owed to foreigners and the unfunded liabilities to Americans. Eventually inflation will probable eat away at the foreign debt fast enough to make its low annual cost negative or negligible. Apart from the problems of too many other countries attempting to enjoy America’s profligate ways I confess to no clear picture of how the rest of the world would handle this.

    As to the social welfare and health care liabilities the obvious answer is that the old will be poorer and less well provided with expensive medicine. But in a country where getting people to vote is a problem the old do tend to vote when presented with anything affecting their self interest. How to deal with that without screwing enterprise is one problem. The bigger one may be the squeeze on those actual positive taxpayers who would like to have 3 or 4 children but end up having 1.3 in their mid to late 30s.

  18. 5371 says:
    @Sam Shama

    Good comment, Sam.

    • Replies: @Sam Shama
  19. @Rehmat

    I know the pay can’t be good, especially for an unemployed nuclear engineer, but they’re not going to go on paying you at all if you can’t do better than pouring out this regurgitated factoid and fiction and fantasy mixture.

  20. Costco, my hair stylist and the GTI dealer—all have products or skills I want.

    Costco pulled the eminent domain trick on a church to expand their parking lot. I’ve always refused to shop there.

  21. epebble says:
    @Intelligent Dasein

    “The burden can only be dislodged by either a great default, a war, or a currency collapse, probably a combination of all three.”

    No sir; this is not a new problem. The world has seen this before. The answer to the problem is inflation. A sustained 20% inflation per year over a generation will greatly diminish all debts. Every debt that is not indexed to inflation.

    Living standards will comedown. That is what has happened historically. That is the surest scenario short of a revolution of some sort.

  22. edNels says:

    Gee wiz! Now that you mention it, I was wondering whatever happened to those Flea Markets, where we used to go on weakends, to buy used stuff from folks who were cleaning out their garages or moving, some good deals out there too.

    I guess too much free enterprise for the … 99%… ? cutting into Wall St. profits… Wallmart?

  23. epebble says:

    How about this simpler theory: Everybody hates “Religion of Peace” adherents. Anyone with a working brain can see that it is a cancer on humanity. U.S. interventions in the Middle-East were very stupid. But they exposed the cancer for what it is.

  24. Sam Shama says:

    Thank you.

    On another matter can you suggest a good reference for someone looking to study Prussian history and all the way to the circumstances surrounding Danzig?

    • Replies: @5371
  25. edNels [AKA "geoshmoe"] says:

    [“…Yes – every pro-Israel Christian loves Mormons. The anti-Muslim Republicans, Benjamin Netanyahu, Donald Trump, casino mogul Sheldon Adelson, etc. all loved Mitt Romney in the 2012. but I bet you don’t know the reason why? Because the founder of Mormon cult, Joseph Smith had proclaimed himself: “King of Jews.””].

    Now… That’s a good one!
    Digress: Did anybody take note of the TV image of Ryan ”Genuflecting” I think at Queen Nancy’s funeral… . I figured him to be Irish Catholic. Nothing wrong with genuflect, nor anything wrong, here, with any kind of religious demonstration, or personal thing that is good. Good for the person, that is. I don’t have to think you are more wonderful, because you do something religious like to genuflect.


    Therefore, to genuflect is to a politician… a way to send a message, to his ”flock”, and that is whatever it may be.Mormons come to the door once in a while to ”give” their (”Bible” ) according to… them/& Garp.

    Religion is a good thing all figured. It makes ways for nasty animals… (Humans), to plot some order versus complete Nializm, and anybody knows that ain’t too cool!! or don’t ya?

    Onliest thing is: Them damned religions, (mostly, ) done been co-opted into the … Dare I call it… Matrix!… ?

  26. @Harry Huntington

    You have it broadly correct. But smaller percentage tariffs; enough to encourage rebuilding of manufacturing. Aluminum is already shut in in the US. Same with small electrical, electronic, piping parts. Rebuilding plants requires longer term guarantees against the next president.

  27. Trade is the most important issue facing the United States, and the Western World, for that matter. This is the root problem from which all others grow now.

    It is good to see it finally getting the attention is deserves.

    This alone is reason enough to vote for Trump, imperfections and all, because he has been consistently on the right side of this topic for decades. Yes, decades.

    There is no other presidential candidate in this field that has. In fact all of the rest are firmly in the pocket of globalist, international exploiters of cheap labor — who are perfectly happy to go on selling more stuff to us, which we pay for with borrowed money.

  28. I don’t like the idea of very high punative tariffs (over 25 percent or so). The US did that in the 1930s and that was a big factor in the continuation of the depression and the rise of Japanese and German militarism.

    A better idea would be a low flat tariff on all imports (say 15 percent) which would serve as an American version of European GST/VAT. First world countries which have good trading relations with the US (such as Canada) might be let off the tariff (which could be decided on a case-by-case basis) but countries like China and Japan (with which the US has big trade imbalances) wouldn’t.

    Sometimes it necessary to experiment with new approaches, and the US, with its public debt and trade imbalances certainly needs to try something new.

  29. nickels says:
    @Harry Huntington

    The whole trick is not to let the tariff become an entitlement and corrupted.
    Fletcher proposes a flat import tariff (less efficient) to avoid that issue.

    Anything! Something!

    • Replies: @edNels
  30. Karl says:
    @Leftist conservative

    >>> and america would take all the office jobs.

    Those get exported, also. Customer-support telephone-call centers in India & Philippines were only the camel’s nose into the tent. Both countries have moved up the value chain.

    Transcription of physicians’ audio-recorded medical-record entries is a perfect example. Satellite-bandwidth has become cheap enough so that you don’t even need to Fedex the Dictaphone cassettes to Manila.

    The locals have sufficient quantity ofpeople who can function quite well, as middle-level managers. One or two American guys in the business downtown part of Manila, can provide executive supervision for several thousand worker bees.

  31. edNels [AKA "geoshmoe"] says:

    what the hell do you mean buzzz ?

    Trade is off shoring!

    Off shoring is: send the means of production,factories/plants, and labor over to China!

    I know, I was in the pipline… or say this: I put the stuff off of rail from USA to… on ships to over there!

    complete rail trains a mile long, came in with whole factories, and onto ships, to China/and over there…

    Stupid dich heads still belive in the Horacio Algers story… doubt it but there are many dumbkopfs, too many!

  32. Yak-15 says:

    The Keynsian stimulus of the Second World War did not lift America out of the Great Depression. It is a common misconception that I believe needs to be addressed.

    Rather, it was the massive amounts of reserves flowing to the US by the warring nations to buy raw materials and weapons that helped the most. This coupled with the debt binge by the US temporarily allowed a respite. But when that debt came due for the manufacture of economically deleterious goods (things that destroy economic output like tanks, bombs and guns) it would have spelled a very long term and equally debilitating recession. Also, it most be noted that during this time when “we were out of the depression” fighting the war, many consumer goods were frightfully expensive, unavailable or rationed. That environment did not allow for much economic improvement from the depression.

    However, what really helped was the fact that the industrial competitors to the US were in complete shambles forcing the rest of the world to buy actual capital goods from the US to rebuild. This affect lasted until those countries came back online in the 60s and 70s.

    Remember, the Depression and economic slack only abated and allowed for consumption to be enjoyed and new positive capital goods to be produced once the rest of the world bought American because it was the only option. America had the huge advantage of being the only manufacturer left standing. It also benefitted from being a creditor and not a debtor.

  33. 5371 says:
    @Sam Shama

    Not sure what interests you more, Prussia in general or the crisis of 1938-39.
    One general piece of advice I would give is never to read more than one source on a topic that were all written at the same time – especially not if that time is the present.

    • Replies: @Sam Shama
  34. Sam Shama says:

    Both periods generally, in order to form a view regarding any sort of unbroken political/military vision, if any. But yes, more specifically 1938-39. Sound advice on the vintage of the writing I am sure.

  35. woodNfish says:
    @Leftist conservative

    Good idea, but zoning laws are local and none of the federal mafia’s business.

  36. edNels [AKA "geoshmoe"] says:

    Pretty good point you made…

    Tarrifs would be put in place, ideally to help to support the industry of our country. But as we can see plane enough… monopolies, and huge consolodated capital, has made the thing different.

    One of the worst things they used to say about the Communists was that they didn’t have ”Free enterprise” nor would they allow… Heratio Algers, to do his thing!… and that means: you don’t get to invent a computor in your parents garage… Hahaha!

    Well you can believe that story, but I don’t: Apple and the whole story is bogus. That computor was ”invented” or more like developed nowhere near suburban Cupertino!

    Nice Heratio Algers mythe though… Oh… PS: isn’t it super that these flaming queers, (by there own prideful admission ) have endeavored to change public deportment visavise: wearing something a little bit more dressy before an asembled audience… than a f’n dirty grey T-shirt… !

    • Replies: @OutWest
  37. Agent76 says:

    March 15th, 2016 Kasich Co-Chair On Donald Trump: ‘You’ve Got To Take Him Out With a HEAD SHOT’

    Illinois co-chair of Ohio Gov. John Kasich’s presidential campaign Pat Brady, former chairman of the Illinois Republican Party comment, with Illinois’s WGN Radio interview: only way Trump can be beaten is with a “head shot;”asked about the comment said he didn’t mean it literally.

  38. OutWest says:

    How about invented in Germany during WW2 by Konrad Zuse?

  39. Anonymous • Disclaimer says:

    Trump’s economic positions are just standard Keynesian ideas, so you either don’t understand Trump’s economic positions or Keynesianism.

    Trump has called for infrastructure projects and maintaining or even expanding entitlement spending such as Social Security, which are forms of government spending and maintain or expand aggregate demand in Keynesianism. He has also promised tax cuts, which is also considered to increase aggregate demand. Finally, he has called for reducing trade deficits, which are seen as “demand leakages” in Keynesianism that reduce demand in the economy. These are all basic Keynesian ideas and remedies.

  40. Spanky says:

    Tariffs? Fine, sell less and/or make lower profits at the same price when importing products, if need be. If a company desires to increase their profits, let them make their goods inside US borders, subject to US law. The benefit of removing the banking and corporate elite’s ability to engage in global labor arbitrage, to wage class warfare against Americans, cannot be overstated.

    There is no clear separation, no bright and shining line, between politics and economics. Each is entwined, which both effects and manipulates the other — either naturally as people choose for themselves, or deliberately as an elite impresses their choices upon them.

  41. Anonymous • Disclaimer says: • Website

    The investment in prevention and health is crucial to thriving in older age
    and preserving your cherished financial resources.
    Talk to the man at the tourism booth to start things up. You can find out
    a bit more with a speech check and evil karma.

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