Monday, July 8, 2019

The trade deal with China is not going well

Candidate Trump 
promised far too much 
for any president to deliver,
even in two terms, 
unless he had over 60 
loyal votes in the Senate, 
and a majority in the House
for all eight years.

The Republican majority 
in the Senate
could have changed 
the ridiculous Senate
filibuster rules, 
as I recommended
many times in my 
Election Circus blog,
but they were "chicken" !

As a result, President Trump 
is not getting any significant 
length of new border walls 
with Mexico, to campaign on
in 2020.

Illegal immigration is worse
than ever before.

Federal deficit spending 
is worse than ever before, 
when considering the 
current stage of the 
business cycle
( 10 years after the last recession
ended, with under 4% unemployment ).

The Mexico - Canada trade
trade deal was just
"NAFTA 2.0" -- 
more public relations,
than meaningful reform, 
and unlikely to be 
approved by Congress.

We still have troops 
in Afghanistan,
and some of them 
have died under Trump.

The "nuclear deal" 
with North Korea
was just public relations.

Iran is still developing 
nuclear weapons, and
now bombing oil tankers, 
as Trump does nothing 
meaningful in response. 




With all of the failures
I've just listed, Trump 
still wants to win 
the 2020 election.

That's why he needs 
a Chinese trade deal
in the next 12 months.

But the Chinese 
do not need a deal. 

That's why they 
walked away from 
negotiations 
In May 2019.

In response, Trump 
raised tariffs to 25%, 
and cut off Huawei 
from U.S. suppliers.

But then Trump backtracked, 
by not following through 
on $300 billion of new tariffs, 
mainly on consumer goods,
allowing Huawei to purchase 
U.S. goods, and easing 
Chinese VISA rules. 

Trump had to cave in.

He needs a deal, and the 
Chinese know it.

The Chinese have not even 
admitted to an intellectual
theft problem, much less 
doing anything to control it.

Trump has boxed himself 
into a corner -- the prospects 
for a meaningful deal 
decline as the 2020 election
approaches.

As a negotiator, Trump
is a legend ONLY in his
own mind.

As the months move on,
and no progress is obvious,
it becomes more likely
that any deal will be
an unenforceable,
nearly meaningless, 
public relations event,
just like NAFTA 2.0.




Trump's best hope for
winning the 2020 election
is the radicalization of the
Democrat Party, promising
"free stuff" they can't pay for,
to win an election.

I'd like to hope Americans 
are too smart to fall for the
empty "free stuff" promises, 
but Democrats are not 
smart enough -- maybe many
independents will be similar ?

Trump has been spending
money like a drunken sailor
on shore leave -- not a great 
starting point to effectively 
refute a Democrat "free stuff" 
strategy.

Although Trump has failed to
close the Mexico border, 
Democrats seem to favor 
"open borders", which only 
makes the problem worse 
-- Democrats are shooting
themselves in the foot with 
their "open borders" stupidity.

Some Democrats even call for
free medical care for illegal 
immigrants, and reparations 
for black ancestors of 
American slaves, but not for 
ancestors of white Americans 
-- the Republicans -- many who died
and were crippled fighting to end 

the Democrat institution of slavery.

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