| | | I don't like the deficit...you know that. However, despite the bankruptcies, which are a natural part of an entrepreneur's life, he is a billionaire. He has been wildly successful in business. That is a simple fact. In addition, way before Trump started talking about tariffs and holding other countries accountable for their abuse of the US, I was talking about the need for trade reciprocity. I used to run large import/export operations of tech equipment as an executive and I saw first hand how the US was abused in this regard. What most Americans don't understand is the US has some of the lowest tariffs in the world, but other countries extract corporate welfare from our companies through their extremely high tariffs and just about every country out there is doing it. Why do you think we have had a giant trade deficit for so many years? And why do you think manufacturing has been offshore and our middle class has been hollowed out? The bottom line is that the US has subsidized the world for way too long and it may just have killed our golden goose. Trump understands that in a world of fair and reciprocal trade, no country in the world can beat us on ingenuity, grit, hard work, and innovation. But the US has been competing in the world with one arm tied behind our back. He's unleashing that arm. I'm a simply practical business executive. I understand what he's doing and it is good for the US in the long term. You know what is absolutely ruinous and terrible for this country and will kill the American Dream forever? Socialism. That's what the Democrats want.
As to Obama, remember that I voted for him in his first term and against him in his second term. So I'm not a virulent hater of Obama like some people. One of the biggest reasons I didn't vote for him again is precisely because he was no businessman and he totally mishandled the recovery. He guaranteed a very lackluster recovery by sweeping all the shit under the rug, not resisting the Fed's buy up of all bad debts from the banks, not demanding a takeover of the TBTF banks and dismantling them for parts, and not demanding the SEC put the bankers in jail for all the crimes and fraud that were committed in the lead up to the financial crisis. He was weak and he was a regulator's regulator in that he signed on to massive new regulations, but never solved the root cause of the crisis.
No, Obama didn't do a damned thing to drive a recovery. In fact, he and his cohorts virtually guaranteed that the next crisis will be larger and more negatively impactful to the 99% when it happens. Trump has a lot of flaws. He's only human after all, but he's a good businessman and he most assuredly is doing his damnedest to help the 99% despite the vitriol, hate, and treasonous and petty resistance to letting him just do the job we elected him to do. |
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