Do we still support free markets?
According to the president….HE controls our markets. He has gone so far as to “ORDER” American firms to find an alternate to China’s markets.
ORDERED is the key concept in his statement.
It’s another volatile day on Wall Street, with the Dow down about 500 points at midday. Renewed friction between the US and China is to blame, as President Trump unleashed a series of angry tweets on that subject as well as Fed chief Jerome “Jay” Powell. After Beijing said it would impose tariffs on an additional $75 billion worth of American goods, Trump tweeted that US companies are “hereby ordered” to immediately look for alternatives to China, including relocating operations, reports the Wall Street Journal. “We don’t need China and, frankly, would be far better off without them.” But Beijing was hardly Trump’s only target. After Powell failed to be assertive enough to Trump’s liking in a speech on cutting rates, Trump wrote: “As usual, the Fed did NOTHING!” But his next tweet drew the real attention: “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?”
Trump’s reference to Xi as an “enemy” strikes CNBC as particularly bad news. It “suggests that the president’s personal relationship with Xi, which Trump has touted as the best route to completing a major trade deal uniting the world’s two largest economies, is at a low point,” writes Tucker Higgins. China’s decision to impose the new tariffs, which go into effect in phases on Sept. 1 and Dec. 15, are retaliation for new tariffs the US is imposing on China, notes the Journal. In another slam against Beijing, Trump wrote that he is ordering “all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE, all deliveries of Fentanyl from China” because he says the drug is killing Americans
Now if another president who shall remain un-named, had issued this statement the GOP would be having a stroke and going on aimlessly about socialism, communism and stuff like that.
Where are these voices today?
They are still there just aimed at rivals in the political arena…they do not have the inclination to see what their mindless leader is doing to the country and the world.
Let me help those DOLTS in the GOP that may not be aware of what a controlled economy may be…..
The short version……
A centrally planned economy is an economic system in which a single authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are the flip-side to market economies, in which such decisions are traditionally made by businesses and consumers, rather than by central authorities.
Is this Trumps “New Economic Policy”?
Do I need to explain this as well? (it is late and I am tired…use Google)
Not to worry…the “Pussy” president is considering changing his mind on the trade war with China…….
President Donald Trump on Sunday signaled he might be having regrets about his deepening trade conflict with China, telling reporters less than 48 hours after he pledged to raise tariffs on Beijing that he has “second thoughts about everything.”
Asked during a bilateral meeting with Prime Minister Boris Johnson of Britain whether he was second-guessing his posture on China, Trump said: “Yeah, sure why not. Might as well. Might as well.”
The comments marked the president’s first public signal of regret about how he was fighting China through escalating tariffs. They attracted immediate attention across U.S. media because of the unusual nature of Trump’s remarks, leading White House officials to seek clarity from him in between bilateral sit-downs on Sunday morning. The president told aides, “You know what I meant,” according to a person familiar with the conversation.
About five hours later, White House Press Secretary Stephanie Grisham said Trump’s answer to a question about whether he had second thoughts on his approach with China had been “greatly misinterpreted.”
Sounds to me like he is scared of the markets and his re-election….so he pussied out.
“Lego Ergo Scribo”