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MoBuffs

Joined: 10/1/14 Posts: 721
Likes: 489


B for effort, D- on strategy and execution. Here's why....


If you read Bob Woodward's book (aptly named FEAR), you know that former National Economic Council president Gary Cohn advised Trump that getting into a nasty, unwinnable trade war with China was a zero sum game. It would result in higher prices on many imported goods, hurt many American consumers, farmers, manufacturers and businesses, negate the benefits from the tax cuts as well as impede global growth. Cohn was dead right. As an alternative, Cohn suggested creating a coalition with all the Asian countries hurt by China's theft of specific intellectual property and technology. Avoid trade wars that might hurt specific targets like farming and autos. Trump promised Cohn to put something together (Cohn stated he had already received positive feedback from several Asian nations already) and Cohn went to work. When Trump, after speaking with Peter Navarro, abruptly tweeted he was going to slap tariffs on Chinese aluminum and steel Cohn resigned realizing first hand Trump was a dummy (believing tariffs don't result in higher consumer prices and trade deficits are a bad thing) and a liar. As a sidebar, the U.S. should never have left TPP as China replaced us as the big beneficiary in that Asian trading partnership. If you believe the U.S. will win any sort of major concessions in a trade war with the Chinese you probably also believe Mexico is going to pay for the border wall or the economy - which is limping along at less than 2% while the budget deficit is up 40% since he took office and approaching $1 trillion! - is the greatest in the history of the country. Big hat, no cattle. The only issue I would give any president an "A" for effort on would be healthcare which obviously he hasn't had the stones or brains to try and improve.

(In response to this post by Colo Spgs Buff)

Posted: 10/29/2019 at 8:36PM



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Current Thread:
  LOL ** -- 84Buff 10/31/2019 11:39AM
  LOL ** -- 84Buff 10/30/2019 12:45PM
  Hahajaha . Love a POTUS that sells us out -- BUFFRAY 10/29/2019 6:35PM
  Now that is productive. Good work and coherent thoughts. ** -- Colo Spgs Buff 10/30/2019 2:06PM
  Lots of talk.... -- SamSpade 10/29/2019 5:28PM
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