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Trump's Great Gamble
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President Donald Trump’s reelection hopes hinge on two things: the state of the economy in 2020 and the identity of the Democratic nominee.

The further left the Democrats go to select their candidate, the greater the probability Trump wins a second term.

Thus Trump got good news this week.

The verbal flubs of Joe Biden reached critical mass. They are now so numerous and egregious they have begun to call into question whether Biden, who turns 77 in November, is really up to a year of campaigning, followed by four years of leading the nation in the world.

Nor is it only Trump saying this now.

The Biden staff appears to be agonizing over the endless reruns of Joe’s gaffes on cable TV. And a media that sees Biden as the best hope of bringing down Trump is showing signs of alarm.

A valid question arises, not only for Democrats:

Does the Biden we have lately seen in debate and on the stump look like a focused leader who could be confidently entrusted with the most powerful office on earth until January 2025, which would be the end of his first term?

What are the odds that, if he won the presidency, Biden could be a two-term president, until 2029, and not a visibly lame duck from Day One?

Yet, if Biden stumbles and falls before next spring, which seems more of a possibility than two months ago, it is almost certain the Democratic candidate and party platform will be outside the American mainstream.

Consider what the Elizabeth Warren-Bernie Sanders-AOC Democrats have on offer: A Green New Deal with government jobs for all. Net-zero carbon emissions. “Medicare for All,” including migrants here illegally. Free tuition at state schools. Forgiveness of most or all of $1.5 trillion in student debt. A trillion dollars of infrastructure. A $15 minimum wage. Reparations for slavery,

All this is being promised while the nation is running a $1 trillion deficit and facing trillion-dollar deficits through the first term of the next president.

And the national debt is already larger than the GDP.

But if the Democrats’ performances this summer were heartening for the president, what happened Wednesday must be causing palpitations.

The Dow Jones average plunged 800 points, capping a loss of 7% of its value in weeks. Capital is flooding out of equity markets into the shelter of bonds.

And worldwide, the news is not good.

The German economy, the world’s fourth largest, contracted in the first quarter. Factory output in China, the world’s second-largest economy, is growing at its slowest pace in 17 years.

Britain, another of the 10-largest economies, is about to crash out of the EU by Oct. 1. Hong Kong, its political crisis unresolved and the protests ongoing, is projecting zero growth.

The U.S. economy remains the strongest in the world, but U.S. growth in the second quarter was 2.1%, tepid compared to the 3.5% growth in the spring of 2018.

On top of this disquieting news on the economic front, Trump’s disapproval in the Fox News survey released Wednesday rose to 56%, a 5 percentage-point jump in his disapproval from July.

That the president laid Wednesday’s market swoon at the doorstep of the Federal Reserve suggests that Fed Chairman Jerome Powell is being set up to take the fall if the economy goes south in 2020.

And going south is a distinct possibility. Bank of America Merrill Lynch puts the odds on a recession next year at 1 in 3.

From the media and political reaction to the Dow plunge, there is nothing Democrats would relish more than seeing the Trump boom, which has reduced unemployment to record lows, end in a recession, negating his greatest political argument and asset.

And if America can be talked into a recession, rely on the Beltway political and media elites to try to bring it off.

Which brings us to the China trade impasse, which involves a historic gamble by Donald Trump.

ORDER IT NOW

Trump seeks to throw out a free trade policy that, rooted in 19th-century ideology rather than U.S. national interests, threw open U.S. markets to the world and produced, over three decades, $12 trillion in trade deficits and a loss of 70,000 factories and 5 million manufacturing jobs.

Like the Russian army carting off German factories after World War II, the Great Arsenal of Democracy was looted by its postwar allies and adversaries alike.

The weapon Trump is using to stop this looting is tariffs, a price of admission into the U.S. market to replace the free passes foreign nations and transnational companies have had to produce abroad and sell into the USA.

Trump is using tariffs to coerce China to stop cheating on the trade rules we have established and to grant us the same access to her markets as producers in China have to the American market.

And he is betting his presidency he can pull it off.

Patrick J. Buchanan is the author of “Nixon’s White House Wars: The Battles That Made and Broke a President and Divided America Forever.”

Copyright 2019 Creators.com.

 
• Category: Ideology • Tags: 2020 Election, Donald Trump 
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  1. Trump’s fraud on immigration is handing the Democrats permanent power.

    His backing snitch laws to target white gun owners will not sit well with his base.

    And he has allowed the media to silence rightwing voices.

    He is the greatest political disappointment of my lifetime.

    He serves as a release valve for the benighted that have no idea what is going on.

    I think we’re screwed in any case, as the demographics are destiny.

  2. The weapon Trump is using to stop this looting is tariffs, a price of admission into the U.S. market to replace the free passes foreign nations and transnational companies have had to produce abroad and sell into the USA.

    Trump is using tariffs to coerce China to stop cheating on the trade rules we have established and to grant us the same access to her markets as producers in China have to the American market.

    Tariffs on transnational corporations and the Chinese Communist Party are beautiful and patriotic; but these tariffs must be PROHIBITIVE on all goods and services emanating from China.

    Trump’s current tariff regime doesn’t go far enough to get the attention of the Chinese Communist Party and the JEW/WASP ruling class of the American Empire and the various globalizer plutocrats who benefit from the cheap labor goods coming out of China.

    I had some modest suggestions for Trump in 2017 that Trump should use today:

    President Trump should tell the Chinese that he will not pay any of the debt that the United States owes to the Chinese Communist Party.

    Trump should then put a 200 percent prohibitive tariff on all items arriving from China or any other waystation between China and the United States.

    Trump should order the safe salvaging of all container ships from China currently at sea. Once the ships are sufficiently prepared, they should be sunk.

    Trump should immediately deport any and all illegal alien Chinese in the United States. Trump should immediately rescind all green cards or other legal documents granting legal permanent residence to any Chinese residing in the United States. Trump should then revoke the citizenship of as many Chinese as possible and deport them from the United States.

    Any retaliatory frisky talk from the Communist Chinese should be met with the scorn it deserves. The Communist Chinese, about twenty years ago or so, have already asked the sinister question about how much the United States likes Los Angeles. Threats from the Communist Chinese should be disregarded.

    Isolate the Chinese and allow the Chinese debt bubbles to collapse. Maybe the Chinese will sell their new curvey-topped Ukrainian barge/aircraft carrier.

  3. d dan says:

    “The U.S. economy remains the strongest in the world, but U.S. growth in the second quarter was 2.1%…”

    I didn’t know 2.1% is a stronger growth than (China’s) 6.1% growth. Hmm, need more math remedial class – not sure it is me or the author.

    • Replies: @Realist
    , @Curmudgeon
    , @Yea lol
  4. Pater says:
    @Charles Pewitt

    Sounds perfectly reasonable to me.

  5. Hanrahan says:

    Pat Buchanan, like Joe Biden, has become senile and now carries water for the Washington Establishment. He needs to sail away to Byzantium.

    • LOL: Nodwink
    • Replies: @anonymous
    , @follyofwar
  6. KenH says:

    At this point who cares? Tweets aside Trump has turned into the corporate/donor class Republican he ran against in 2016 and in some cases even worse with his recent about face on the second amendment which I’ve been predicting since he banned bump stocks. He’s now bought the lie that as long as the U.S. enjoys sustained economic growth the multiracial madhouse that is contemporary murica won’t ever derail.

    Trump the candidate promised:
    * A strong economy which he’s partially delivered on
    * A wall on our Southern border
    * A drastic reduction in H1B and other work visas that allow American elites to displace Americans from the work force
    * Decreases in legal immigration
    * Unwavering support for the 2nd amendment
    * Law and order

    Trump the president has given us:
    * More moral, material and financial support to Israel than ever
    * Moved the embassy to Jerusalem
    * Forcing foreign nations to decriminalize homosexual sodomy
    * Letting Antifa and other assorted left wing crazies run wild and attack people in the streets while prosecuting his right of center supporters for fighting back
    * Early prison release for violent black and other felons
    * Potentially the largest influx of legal immigrants and illegal aliens in U.S. history coupled with the lowest number of deportations
    * No wall (yet)
    * Formally condemned white nationalism and so called white supremacy but not black and brown supremacy or left wing terrorism
    * Potentially infringing upon the 2nd amendment even more than Bill Clinton and far more than Barack Obama

    At this rate Trump will probably give us the green new deal, black slave reparations, a white privilege tax and deny “anti-semites” first and second amendment rights should he win a second term. History has shown that the radical left makes some of its greatest political gains under Republican presidents and Trump has done nothing to buck that trend.

    • Agree: Twodees Partain
    • Replies: @anon
    , @Paw
  7. JasonT says:

    America was and is looted by wealthy Americans looking for a quick buck. Globalization and offshoring in the 19080’s was all about greedy wealthy Westerners, especially Americans, wanting to make more money. To blame the looting in others just demonstrates Buchanan’s stupidity.

    • Replies: @MarkinLA
  8. anonymous[340] • Disclaimer says:
    @Hanrahan

    Notice the continued exclusion of Representative Gabbard and her criticism of the destructive Empire — despite focusing on Beltway politics, he hasn’t typed her name since June 28. He wants the “Elizabeth Warren-Bernie Sanders-AOC Democrats” to go even kookier because this website’s “Mr. Paleoconservative” has become a Beltway fixture, cheerleading for Team Red in the next Most Important Election Ever.

  9. The German economy grew very slightly in the first quarter of 2019, but contracted in the second quarter. If it contracts again, and this seems likely, then it will be in recession. International uncertainty is the the great downside to an export-driven economy.

    Insofar as Trump is concerned, I think that so many 2016 supporters are disillusioned that he’s toast, whoever the Democrats nominate. I admit I may be projecting here, but I don’t think a “Morning in America,” hey, ain’t the economy great campaign is going to balance the disillusionment and the demographics.

    • Replies: @follyofwar
    , @MarkinLA
  10. Erebus says:
    @Charles Pewitt

    President Trump should tell the Chinese that he will not pay any of the debt that the United States owes to the Chinese Communist Party.

    Leaving aside your misnaming the creditor, the Chinese have a devastating countermove – namely, confiscation of American assets in China. Ford, Chrysler, GM, etc, etc kissing their factories goodbye won’t sit well with them. To add insult to injury, China is the only market where they’re still making money.

    The further point is that much of the dollar’s worth comes from its fungibility. Telling the Chinese that their dollars aren’t good any more removes fungibility and we’ll see an acceleration in dollar repudiation across the world. The US will enter a world of hurt as the world’s dollars come flooding back to grab whatever physical assets they can before they go worthless.

    Trump should then put a 200 percent prohibitive tariff on all items arriving from China or any other waystation between China and the United States.

    That’ll shut down any remaining factories in the US, as well as factories in most of its trading partners, including those American owned. The dollar flood will become a tsunami.

    Trump should order the safe salvaging of all container ships from China currently at sea. Once the ships are sufficiently prepared, they should be sunk.

    IOW, the US should declare war on the world, including its “allies”. Yup, that’ll work.

    The American Empire is zugzwang. It has no good moves left. The nation may be able to save itself, but only if its elites can let go of the Imperial nut and get their hand out of the monkey jar.

    • Replies: @Twodees Partain
  11. It is not only Biden who’s showing
    Signs of cognitive faculties slowing.
    “Come what may” will they exit
    In their Halloween Brexit.
    Pumpkin Pat ever-dimmer is glowing.

  12. @Hanrahan

    It is so clear that Biden is no longer all there mentally that I can’t believe that anyone who is half paying attention doesn’t see it. It’s really sad and painful to watch. His wife, Jill, who is the same age as I (68), seems to be a very smart woman. She’s been a college professor and has a PhD in literature. Why doesn’t she take Joe aside and tell him, honey, it’s time to rest now and pass the torch, (as little known congressman Eric Swallwell, in his moment of fame, told him in the first debate)?

    Maybe she has, but Joe won’t listen. The problem with senile people is that they never realize that they are.

    • Replies: @Realist
  13. @Diversity Heretic

    “Morning in America?” I’d call it “Mourning in America?”

    It wasn’t even Morning in America when Reagan, upon his election, declared it. And America died for good the day that JFK was assassinated by the Deep State, just as he was beginning to show promise that he might end the Cold War with the USSR.

    In fact, I’d say that there hasn’t been Morning in America ever since Tyrant Lincoln killed over 600,000 Americans in his brutal, illegal, and Constitution shredding War of Northern Aggresson.

  14. I find the upcoming election interesting. But I don’t give a fuck about the outcome. Secession is the only way forward.

    • Agree: The scalpel
    • Replies: @follyofwar
    , @Complainoman
  15. MarkinLA says:
    @JasonT

    Pat will NEVER implicate Reagan and that is why he writes the way he does. Reagan ran on creating NAFTA but the Mexicans balked. His amnesty and “refugees” from his Contra wars have done more damage than anything Obama or Clinton did. Pat will do everything he can to deflect away from Reagan (and Nixon).

  16. MarkinLA says:
    @Diversity Heretic

    WE are disillusioned but we have no other choice but to vote. Trump may turn some states that barely went to Hillary like New Hampshire. I would not put too much into polls. Most Americans are too stupid to know what is really going on. They aren’t really paying any attention but when asked by pollsters repeat some drivel they saw on TV rather than admit they don’t know anything.

    • Replies: @anonymous
  17. anon[393] • Disclaimer says:
    @KenH

    A

    t this rate Trump will probably give us the green new deal, black slave reparations, a white privilege tax and deny “anti-semites” first and second amendment rights should he win a second term.

    And that’s the problem.
    Trump will surely do all these things, and fairly successfully too, or you can choose any Democrat, who’ll try to do the same, and leave a trail of destruction.
    Remember Obama and ”If you like your Healthcare Plan, you can keep your Healthcare Plan’‘?

  18. swamped says:

    “the Great Arsenal of Democracy was looted by”…the military-industrial complex Arsenal & it’s unending wars & nothing short of nuclear annihilation is going to change that. There is no Democrat who is willing to bet their chance at the presidency on pulling it down. And the American public, by and large, is put to sleep by lengthy discussions of the intricacies of trade policy. The election will be waged, like the primaries, around race-baiting. Biden will be the first victim. The other white candidates are running scared & becoming more shrill in their denunciations of whites in general by the hour. There’s no telling where it all may lead but it’s becoming clearer day by day that the hostility will outlast the primaries & the general election will be a very ugly affair. There’s no turning back to the soothing center now, it will be an us-vs.-them type election & hopefully, Pat Buchanan, still America’s shrewdest pundit, will keep us fully apprised.

  19. ‘The German economy’

    Just follow the hashtag #futschi on twitter.
    There are a lot of Germans losing their jobs right now.

  20. Nodwink says:

    Buchanan is hopelessly wrong about everything here.

    Biden being the Dem nominee is clearly Trump’s best chance of winning. A choice between two senile, gropey old rich men muddies the waters and turns off independent voters.

    The ageing millionaires that Buchanan chats to at the country club might think that the other Democrats are running on an extreme Left-wing agenda, but these policies are actually popular among the general population. For example, support for Medicare-for-all is running at 70% overall, and 52% among GOP voters.

    https://www.cnbc.com/2018/08/28/most-americans-now-support-medicare-for-all-and-free-college-tuition.html

    • Replies: @MarkinLA
  21. anonymous[340] • Disclaimer says:
    @MarkinLA

    “WE are disillusioned but we have no other choice but to vote.”

    Disillusion, or delusion? National politics — including and especially the “Process of Trump” that you and others told me I didn’t understand back in 2015/2016 — channel and harmlessly blow off dissent. That’s why the Establishment works so hard to keep people participating, and paints the papier-mâché RedBlue. If you really feel that you’ve no choice but to vote, please choose third party or independent candidates.

    I agree with your last two sentences.

    • Replies: @MarkinLA
  22. I would use a simpler approach Only those expenses incurred in the US would be deductible against revenues earned in the US for tax purposes.

  23. LondonBob says:

    Sad to see Pat regurgitating the nonsense that leaving the EU on WTO terms is some how crashing out.

  24. @Robert Dolan

    Your greatest generation was the greatest betrayal of humanity

    Trump is Karma
    Trump is Love

  25. Svevlad says:

    It’s not going to do much good. All America had to do to avoid an eventual failed state status is not jump into the Yugoslav debacle, which kickstarted their idiotic waste of money on “world policing”. Now even if they had the most legitimate reason to go to war, they lied to the people enough that the next time they won’t buy it at all

  26. @Charles Pewitt

    Basically I agree with Erebus’s comment.
    What you don’t seem to get is that the China situation is of the US’s own making. US Co’s in the 90’s & naughtier literally salivated at getting there production into China (or Mexico) Then — they were happy to accept Chinese conditions, as was the US government.
    So, your ridiculous, punitive tariffs are going to HURT the thousands of US companies who happily moved production to China. Nor will US Co’s move home (unless the government acts aggressively) — they’ll move to Vietnam or where ever.
    Of course such punitive tarrifs will justify the Chinese into further devaluing their currency.
    Would be interesting to see the affects on US inflation were your program followed.
    Implied in your comment is the apparent fact that you do not understand this US/China issue.(which is OK, because Trump & CO certainly don’t understand the imperatives here)
    You seem to think it’s about trade. Actually it about China’s sovereignty. The US position is that China NOT become a leading economy such as the US, Japan & Germany are. The US demands China cease it’s drive to lead in high tech’. The Chinese simply can not give-in. US demands amount to China becoming a second rate power, essentially a US vassal.
    How could any country, let alone China with its humiliating history of being a victim of western imperialism, do anything else but fight?

  27. Anonymous[141] • Disclaimer says:

    President Donald Trump’s reelection hopes hinge on two things: the state of the economy in 2020 and the identity of the Democratic nominee.

    That’s the first sentence and that’s where I should have stopped reading. This is the kind of out of touch political insider horse trading irradiated bullshittery that no one should waste their time on anymore.

    Trump’s is finished if he doesn’t fulfil his US immigration promises from 2016. He’s also finished if he doesn’t stop channelling his Jewish handlers with embarrassingly stupid anti-white rhetoric. That’s it. That’s where “reelection hopes” should focus on.

    • Replies: @TTSSYF
    , @Paw
  28. @Charles Pewitt

    Basically I agree with Erebus’s comment.
    What you don’t seem to get is that the China situation is of the US’s own making. US Co’s in the 90’s & naughtier literally salivated at getting there production into China (or Mexico) Then — they were happy to accept Chinese conditions, as was the US government.
    So, your ridiculous, punitive tariffs are going to HURT the thousands of US companies who happily moved production to China. Nor will US Co’s move home (unless the government acts aggressively) — they’ll move to Vietnam or where ever.
    Of course such punitive tarrifs will justify the Chinese into further devaluing their currency.
    Would be interesting to see the affects on US inflation were your program followed.
    Implied in your comment is the apparent fact that you do not understand this US/China issue.(which is OK, because Trump & CO certainly don’t understand the imperatives here)
    You seem to think it’s about trade. Actually it about China’s sovereignty. The US position is that China NOT become a leading economy such as the US, Japan & Germany are. The US demands China cease it’s drive to lead in high tech’. The Chinese simply can not give-in. US demands amount to China becoming a second rate power, essentially a US vassal.
    How could any country, let alone China with its humiliating history of being a victim of western imperialism, do anything else but fight?

    • Replies: @foolisholdman
  29. Can the US reverse the “$12 trillion in trade deficits and a loss of 70,000 factories and 5 million manufacturing jobs”, and re-establish its position in the world?
    Can the Chinese government “grant (US companies] the same access to her markets as producers in China have to the American market”, without damaging its rise as a global economic and military power?
    Both answers have to be in the affirmative, otherwise there will be war. History tells us that is the greatest gamble of all, especially if the outcome will be world war – in nobody’s interest.
    https://www.ghostsofhistory.wordpress.com/

    • Replies: @foolisholdman
  30. @Charles Pewitt

    Basically I agree with Erebus’s comment.
    What you don’t seem to get is that the China situation is of the US’s own making. US Co’s in the 90’s & naughtier literally salivated at getting there production into China (or Mexico) Then — they were happy to accept Chinese conditions, as was the US government.
    So, your ridiculous, punitive tariffs are going to HURT the thousands of US companies who happily moved production to China. Nor will US Co’s move home (unless the government acts aggressively) — they’ll move to Vietnam or where ever.
    Of course such punitive tarrifs will justify the Chinese into further devaluing their currency.
    Would be interesting to see the affects on US inflation were your program followed.
    Implied in your comment is the apparent fact that you do not understand this US/China issue.(which is OK, because Trump & CO certainly don’t understand the imperatives here)
    You seem to think it’s about trade. Actually it about China’s sovereignty. The US position is that China NOT become a leading economy such as the US, Japan & Germany are. The US demands China cease it’s drive to lead in high tech’. The Chinese simply can not give-in. US demands amount to China becoming a second rate power, essentially a US vassal.
    How could any country, let alone China with its humiliating history of being a victim of western imperialism, do anything else but fight?

    • Replies: @Anon
    , @TGD
  31. Realist says:
    @Robert Dolan

    I think we’re screwed in any case, as the demographics are destiny.

    I agree with all your points. But Western Civilization’s problems will not be solved through the electoral process. The Deep State is too deeply entrenched.

  32. @WorkingClass

    I agree about secession. However, if Lincoln’s illegal war against the South is any guide, the powers-that-be will never willingly allow it to happen. As Daniel Day Lewis shouted in his movie of the same name “There Will Be Blood!”

    Besides, even though our enemies hate those of us of European extraction, they desperately need our tax dollars. And, unlike every other country on earth, this country (I’ll never call it a nation) is “indivisible.” It says so right in the Socialist Pledge, doesn’t it?

    • Agree: TTSSYF
  33. Realist says:
    @d dan

    I didn’t know 2.1% is a stronger growth than (China’s) 6.1% growth. Hmm, need more math remedial class – not sure it is me or the author.

    It’s the author.

  34. Realist says:
    @follyofwar

    It is so clear that Biden is no longer all there mentally that I can’t believe that anyone who is half paying attention doesn’t see it.

    Biden has never been ‘all there’, he is like the vast majority of Democrats, and Republicans…a dumbass.

  35. Anonymous[210] • Disclaimer says:
    @Robert Dolan

    Trump is literally a Democrat who ran as a Republican. What did you expect?

    • Replies: @MarkinLA
  36. MarkinLA says:
    @anonymous

    You keep repeating that stuff about voting as though it means something. You don’t offer any alternative that will do anything. Until 10% of the population is so bad off that they are willing to pick up a rifle and march on Washington, all anybody can do is vote and hope their guy isn’t a lying conman.

    • Replies: @anonymous
  37. MarkinLA says:
    @Nodwink

    For example, support for Medicare-for-all is running at 70% overall, and 52% among GOP voters.

    Free stuff is always popular until you get to the part about who pays and the details about the policy. People probably wanted to give Obamacare a chance too but when it failed to deliver they became more disillusioned.

    Nationalized health care can only be made cheaply if doctors and hospitals get paid a lot less or hypochondriacs and the chronically ill can be denied service.

    For me, Obamacare is only OK, expensive but the only thing I could get. However, I had to cut loose my GP and find a new one (who is actually costing me more money) since seeing a doctor out of my “network” doesn’t count toward the yearly deductable.

  38. Anon[134] • Disclaimer says:
    @animalogic

    The US Companies make tons of money from China. Nike, Boeing, Starbucks, Apple, the list goes on. GM sells more cars in China than in the US; KFC is huge in China and generates more revenue than in any other countries; China is the second largest market for Hollywood movies; Four American accounting firms grab more than 50% of market shares; last time I walked in a convenient store in Shanghai, I noticed that every brand of toothpaste is American brand (with one exception which is South Korean). These companies aren’t stupid. If they don’t do business in China their market shares would be filled by companies from Japan, Europe and others.

    The question is how do you distribute these wealth generated from China? The current US political system is tilted in favor of the rich. If 2008 financial market meltdown or its aftermath is any indication, there is no accountability for the rich and the powerful. Anyone who pins his hopes on Trump will be sorely disappointed. Trade war or any kind of wars with China won’t solve the problem.

    https://www.foxbusiness.com/business-leaders/ceo-worker-pay-ratio-gap

    Overall, CEO compensation has increased by 1,007.5 percent (or more conservatively, 940.3 percent) since 1978, according to the report.

    Meanwhile, the typical American worker has only seen their wages grow by about 11.9 percent, the EPI said.

    Back in 1965, the CEO-to-worker pay ratio was 20-to-1 for options realized and 16-to-1 for options granted. By 1978, the ratio was 30-to-1 for options realized and 23-to-1 for options granted.

    • Replies: @Gyre07
  39. MarkinLA says:
    @Anonymous

    I think we would have gotten better results with Trump if it wasn’t for his issues with his daughter. I do think he is far more spineless than he showed on the campaign trail but his weakness on immigration has a lot to do with his daughter.

    • Replies: @Rex Little
  40. TGD says:
    @animalogic

    So, your ridiculous, punitive tariffs are going to HURT the thousands of US companies who happily moved production to China. Nor will US Co’s move home (unless the government acts aggressively) — they’ll move to Vietnam or where ever.

    What about those US workers who loose their jobs when whole factories are shuttered and the equipment moved to China so that the factory owners could “bring more to the bottom Line?”

    And what about the communities where those factories were located? They are also “stakeholders” in the factory. What happens when a small town loses its major employer?

    Whenever the US Congress approves a new “free trade treaty,” the legislation is always accompanied by a “Trade Adjustment Assistance” provision, which is supposed to provide “retraining” for the newly unemployed workers. Retraining for what? Order pickers at an Amazon warehouse (what Amazon calls a “fulfillment center”)?

    You create wealth by taking raw materials and turning them into high value added products that you can export to the world. Flipping hamburgers or working as a cashier at a checkout counter (parts of the new “service economy”) does not produce wealth.

  41. Nodwink says:

    Policy wonks claim that MFA is slightly cheaper than current arrangements, so that shouldn’t be the issue. Medicare here in Australia has its flaws; but I can guarantee that a lot of medical care here is not “free.”

  42. anonymous[340] • Disclaimer says:
    @MarkinLA

    votes cast >>> hopes dashed >>> votes cast >>> hopes dashed …

    Worse than doing nothing, your vaunted “Process of Trump” has proven to be nothing but the sequel to the circa 2009-2017 “Hope & Change.”

    The elections and interim faux fighting over judicial nominations, government shutdowns, Congressional hearings after their true constituents have plundered the people is all for show, how the rulers insulate themselves from meaningful dissent.

    These Beltway people — all of them — deserve nothing but mockery and derision. That holds more promise than participation, and you will at least maintain some self respect.

  43. @d dan

    What people have to understand is the the 2.1% GDP growth is “paper” growth. Every stock bought or sold is a “service” for the purposes of GDP growth. Trumps corporate tax cuts were supposed to allow companies to invest in R&D, and re-open manufacturing plants. What has happened is a massive stock buyback by corporations, which artificially inflates stock value, as well as artificially increases the GDP. This is not to say that China’s 6.1% growth does not include a sizeable chunk of “paper” GDP growth. Even if it were equal to the US’s entire 2.1% GDP growth, it would still be 3times as large.

  44. @Erebus

    Erebus, you are fighting the good fight by pointing out the facts in response to party pompom shakers. The use of tariffs as a weapon has never worked out well. Tariffs levied at reasonable levels as revenues for funding the federal government was the intention of those who designed the system because they had also prohibited any direct federal taxation on the citizenry.

    The “progressive” 16th amendment overturn that arrangement so that government can be funded by fiat money. Now that Congress has unlimited access to revenues without tariffs, they can play games with tariffs in order to leverage trade deals to the benefit of those who buy influence. Pat Buchanan has never learned that or he ignores it.

  45. alexander says:

    Wrong by a country mile, Pat,

    TULSI GABBARD is the peoples “dark horse” in this race, who, coming from ten lengths back, exploded past the entire stable of stale DNC puppets…like a knife through a rancid chunk of stinky Camembert.

    What a performance !

    “Through the roof ”

    If the “dead in the water” DNC ever wishes to reclaim even a modicum of their lost integrity , they better hitch a ride to this “superstar” ……and quick.

    She is the one!

    Tulsi Gabbard is a “tour de force” of authentic American greatness, not the “chicken hawk toady” that Trump( having betrayed the American people), turned out to be.

    Tulsi should not be ON the ticket.

    She is the TICKET !

    So Lock and LOAD ….and rock and ROLL.

    The ‘peoples horse” has entered the building .

    Make no doubt , Pat, voter turnout for TULSI will be the highest in recorded history ,for under 45’s.

    She is going to ride that “aloha”… blue wave…. tsunami ….right into 1600 Pennsylvania Avenue.

    Oorah !

    PS. I bet you end up voting for her TOO !

    • Replies: @Bill Jones
  46. @WorkingClass

    I agree on secession but are there enough of us to accomplish this only solution.

    • Replies: @WorkingClass
  47. TTSSYF says:
    @Anonymous

    Oh, I think he would win handily against Biden or any of the others currently running. But I can see Bloomberg jumping in at the last minute and giving Trump a real challenge, as, despite his nanny-state tendencies, he is a silver-tongued devil who could appeal to a lot of independents.

  48. For those awake and observant it has become cristal clear that the world is witnessing the demise of the American Empire. All the hallmarks of this happening are clearly present.

  49. Epitaph of America,
    “Open Borders”
    Cenotaph of dementia,
    World goes bonkers.

  50. Paw says:
    @KenH

    The Nobel Price laureate Krugman, knew for sure , prophecied that, vote for Trump would result in the total economy destruction in USA.

    • Replies: @Twodees Partain
  51. Paw says:
    @Anonymous

    So far the Clintons Foundation Octopus , /Clintons probably, the most greedy couple in history/, some fake Congress and senate members and their fanatical hatred of USA , the fake media and the fake Hollywood Stars and the fake security administrations and organisations and some Rich Bags as well ,take the great care every day of Trump, to be elected again.. Politically a morally corrupt Biden /and other candidates,helps a lot..
    But elections in 2000 showed more ‘helps”..

  52. anonymous[308] • Disclaimer says:

    He is not being vile enough. You should advise him on how to improve on this.

  53. Yea lol says:
    @d dan

    He uses factory orders being down in China as an argument, but those are down in the US too along with transportation so the US economy is as weak. Only silly foreigners who think buying us securities in bad times keep propping up America compared to the rest.

    • Replies: @follyofwar
  54. Moi says:
    @Robert Dolan

    Patrick has lost his marbles. Only a fool or a naive person would take our crypto-Jew prez seriously.

  55. @Yea lol

    All will soon be great again with the less than booming US economy. President Trump plans on buying Greenland if the price is right.

  56. If there is a God Almighty in Heaven:

    BRING THE TROOPS HOME NOW!!!!

  57. @Complainoman

    California passed a law baring Trump from the ballot if he does not cough up his tax returns. So Trump is on the ballot in the U.S. but not in California. Pot is illegal in the U.S. but not in Colorado. Federal immigration law is not enforced in sanctuary cities. Nullification is secession by increments. If Washington doesn’t go full Socialist soon enough to please them the Left will initiate secession before we do. They would prefer to put us on reservations. But letting us go our own way will be much easier.

    STOP THE HATE
    SEPARATE

  58. peterAUS says:

    …Left will initiate secession before we do. They would prefer to put us on reservations. But letting us go our own way will be much easier.

    I think you are badly underestimating those you call “Left”. They will smash you into ground just to feel good about it. If they can, that is, and that’s the key here. If they feel it will bite them back they’ll quit.
    The problem is, almost all of the people on the “Right” don’t want secession now, when they, actually, could have it with more or less ease.
    5-7 years from now more of them will want it; it will be much harder to pull it off.

    BTW, why call it “Secession”? Why not call it “enhanced State/County autonomy”;consolidate; then “State/County autonomy”. Consolidate.
    And THEN go for the weak Confederation. Consolidate. And then for secession. Tactics 101.
    Hasn’t that been “their” way? “We” appear to be a bit thick in the learning process.
    “They” didn’t start right away with what we see now. So…………………..?!?

    Hehehe….BTW, did the Pilgrims state when disembarking: “we are going to take over the Continent and put all of you who survive our expansion in reservations?”.
    Funny, a?

    • Replies: @WorkingClass
  59. @animalogic

    How could any country, let alone China with its humiliating history of being a victim of western imperialism, do anything else but fight?

    I would be willing to bet that Trump has never read Edgar Snow’s “Red Star Over China” and I doubt that if he had, he would have taken the risk of starting a trade (or any other) war against the Chinese led by the CCP. That really was hubris!

  60. @peter mcloughlin

    Can the US reverse the “$12 trillion in trade deficits and a loss of 70,000 factories and 5 million manufacturing jobs”, and re-establish its position in the world?

    Not unless the law that says that the duty of the board of a company is to maximise the profits of the shareholders is changed. Frankly I don’t see that as likely to happen.

    Can the Chinese government “grant (US companies] the same access to her markets as producers in China have to the American market”, without damaging its rise as a global economic and military power?

    They probably could but the US would have to make some concessions first and that seems improbable in the present climate. If they did the US manufacturers would probably find that the Chinese were still outcompeting them and would bitch about it. They worked long and hard to get the Chinese to join the WTO and now they are regretting it because the Chinese are “unfairly” insisting that the WTO rules apply also to US companies.

    Both answers have to be in the affirmative, otherwise there will be war. History tells us that is the greatest gamble of all, especially if the outcome will be world war – in nobody’s interest.

    China will not start the War.

    • Replies: @SeekerofthePresence
  61. @animalogic

    So, your ridiculous, punitive tariffs are going to HURT the thousands of US companies who happily moved production to China. Nor will US Co’s move home (unless the government acts aggressively) — they’ll move to Vietnam or where ever.

    That is what Cap[talism is all about – Profits. People are just things, like machines and buildings. Capitalism is not the same as charity. You should get the distinction quite clear in your mind.

    What about those US workers who loose their jobs when whole factories are shuttered and the equipment moved to China so that the factory owners could “bring more to the bottom Line?”

    “Bringing more to the bottom line” is what capitalist are supposed to do. If you don’t like it then Marx and Engels told you what to do. (Unfortunately they did not give detailed advice on how to do it!)

    And what about the communities where those factories were located? They are also “stakeholders” in the factory.

    Well, what about them? Capitalism is a dog-eat-dog type system. Either the communities give up or they rebel. The choice is theirs. Sorry! That is just the way it is.

    What happens when a small town loses its major employer?

    So far it usually dies.

    Whenever the US Congress approves a new “free trade treaty,” the legislation is always accompanied by a “Trade Adjustment Assistance” provision, which is supposed to provide “retraining” for the newly unemployed workers. Retraining for what? Order pickers at an Amazon warehouse (what Amazon calls a “fulfillment center”)?

    Probably. If they are “Lucky”. By contrast in China, workers who are made redundant in one industry get government-provided training for a higher tech job.

    You create wealth by taking raw materials and turning them into high value added products that you can export to the world. Flipping hamburgers or working as a cashier at a checkout counter (parts of the new “service economy”) does not produce wealth.

    Not quite true. Services are also part of wealth. True, flipping hamburgers or working at a cash-out is not as well paid or satisfying as making solid things.

    The moral is: “To rebel is justified”. The call: “Workers of the World Unite! You have nothing but your chains to lose, you have a World to gain!” Seems more and more relevant as time goes on.

    • Replies: @Paw
  62. @foolisholdman

    China will not start the War.

    Chinese strategy provides for a preemptive disabling strike to avert a larger war.

    China is presently conducting large-scale exercises in the Gulf of Tonkin and Paracel Islands to test its advanced missile destroyers, Type 054D and 055. These continue its effort to assert sovereignty over the South China Sea.

    • Replies: @Herald
  63. @peterAUS

    If Washington, on behalf of it’s owners, set out to crush a secession movement today it would be over in a matter of days.

    But today there is no secession movement. Today the federal reserve notes that government deposits to your account (Social Security, Food Stamps, Medicaid, etc.) can still be exchanged for goods and services. Today the federal reserve notes that the government uses to pay its police and soldiers can still be exchanged for goods and services.

    After the crash. The financial reset. The SHTF. After the currency crisis the federal reserve notes (dollars) will be fucking worthless. Chaos will ensue. Washington will simply be unable to govern. The Left will inherit the impotent government and the ruins of the Metroplex.

    When order is finally restored we will see that the lower 48, from sheer necessity, has balkanized. The trend in the West is clear. The EU, the UK and the US are falling apart.

    I’m happy that we are finally talking out loud about separation.

    The Unz Review is great fun don’t you think?
    Go in peace peterAUS.

    • Replies: @peterAUS
  64. Paw says:
    @foolisholdman

    American workers are not needed..

  65. peterAUS says:
    @WorkingClass

    If Washington, on behalf of it’s owners, set out to crush a secession movement today it would be over in a matter of days.

    Well…depends on the size of it. Just to deploy some reasonable force for even an average town would need a week, at least.
    But, anyway, no need to split hairs. Plenty of distraction already around here.

    But today there is no secession movement.

    Actually, there is. A rudiment, here, for example:
    https://tnm.me/

    I’m happy that we are finally talking out loud about separation.

    Oh yes.

    The Unz Review is great fun don’t you think?

    For now.

  66. @Paw

    That’s rich, coming from Krugman who did his own part in making sure that the economy was destroyed by Fed misconduct. Krugman is a Nobel laureate via the same process that Obama became a Nobel laureate. He’s no more deserving of his Nobel prize than Obama is of the Nobel Peace Prize.

    While not a Trump supporter myself, I can point out that if the economy crashes while Trump is president, Trump won’t be any more responsible for the crash than you are.

  67. Herald says:
    @Charles Pewitt

    Breathtaking stuff! What could possibly go wrong?

  68. Herald says:
    @SeekerofthePresence

    There is of course only one country, that has both sufficient capability along with enough stupidity (in spades, as it happens), to willingly engineer such a situation, against China.

  69. yeah, I am absolutely sure that all of the things offered by the Dem candidates will get implemented if the Dems control white house and congress after 2020…just like all of the GOP & Trump promises during 2016 got implemented by the GOP-controlled white house and congress in 2017 and 2018…and just like all the campaign promises made by Dems like obama in 2008 got implemented by the Dem-controlled white house and congress in 2009 and 2010…

    what WORLD do you live in? You and every other political pundit and comment poster on every single site and forum on the internet seem to assume that the populist promises made by candidate will get implemented…

    NO…THEY..WILL…NOT…GET…IMPLEMENTED…

    what world do you live in?
    We won’t ever get decent border control…no matter how many politicians promise it…
    We won’t ever get single payer healthcare…no matter how many politicians promise it…
    We won’t ever get simplified tax returns …no matter how many politicians promise it…
    We won’t ever get less political correctness …no matter how many politicians promise it…
    We won’t ever get free college or loan forgivenss …no matter how many politicians promise it…

    • Replies: @anonymous
  70. @MarkinLA

    his weakness on immigration has a lot to do with his daughter.

    I think his “weakness” on immigration has everything to do with his being a businessman who benefits from cheap labor, and therefore does not and never did have an interest in cutting immigration. He just talked the talk, and won because no one else did even that much.

  71. JL says:

    The further left the Democrats go to select their candidate, the greater the probability Trump wins a second term.

    Well, I think the exact opposite is true. The Dems could probably have beaten Trump with Sanders instead of Clinton in 2016, but the situation for 2020 is fundamentally different? No, the trend is not just polarization, but a move away from the center. A lot of people, especially ones over a certain age, seem to have a difficult time grasping this new paradigm.

    • Agree: Herald
  72. @alexander

    Oh, Look.
    She’s gone!

    • Replies: @alexander
  73. anonymous[340] • Disclaimer says:
    @propagandist hacker 2

    … or an end to wars, trying to run the world …

    Your comment is irrefutable, but will go largely ignored or met with the (fading) “It could have been Hillary!”

    More than a year out, and Beltway Right stagehands like Mr. Buchanan and his counterparts on the Beltway Left are already herding the sheep to vote Red or Blue. Because it’s always the Most Important Election Ever.

  74. alexander says:
    @Bill Jones

    She is just so far ahead of your beloved establishment stooges…you can’t see her.

    • Replies: @alexander
  75. alexander says:
    @alexander

    Tulsi Gabbard was , far and away, the number one “googled” candidate.. during , not one, but both DNC debates .

    According to Google she received 48,800,000 hits in July…. alone.

    Yet, somehow, according to the thoroughly corrupt DNC, this translates into an “under 2% ” poll rating in all their “official polls”.

    This is a total crock of rancid …. stinky….DNC ….. “fromage “….

    A total crock.

    Shameful.

    • Replies: @Bill Jones
  76. Gyre07 says:
    @Anon

    What? No comment about actual inflation? And, I’m not talking about the CPI.

  77. @alexander

    The phrase you are searching for is “I apologize”

    • Replies: @alexander
  78. alexander says:
    @Bill Jones

    YES,

    I accept your deepest “heart felt” apology .

    TULSI ROCKS !

    The rest are just ….” lie us into war and 23 trillion in heinous war debt”…. corporate….”fromage-istas “

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