Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (1187743)	12/23/2019 2:21:42 PM
From: Brumar89	2 Recommendations Recommended By pocotrader rdkflorida2 Read Replies (1) \| Respond to of 1578704

Stephen Moore, the conservative economist and a man Trump wanted to put on the Federal Reserve earlier this year. Asked in a September C-SPAN interview whether the USMCA had "drastic differences" from the current NAFTA deal, he replied, "Not really." And here is Sen. Pat Toomey (R- Pa.) on NBC’s “Meet the Press" earlier this month: The new deal “has all kinds of new provisions to diminish trade, and that’s why I hope Republicans reconsider this.” The GOP is backing this bill out of fear that if it doesn’t quietly go along, Trump is capable of doing a head-first dive into America First-style economic protectionism. In other words, he is capable of killing any trade deal with Mexico and Canada. That would damage the U.S. economy — and hurt Republican prospects in the 2020 elections. Even in the face of those threats, the free traders who write conservative editorials for The Wall Street Journal can’t hide their discontent with the current political reality. “The shame is that in many respects the new deal is worse than NAFTA, especially its bows to politically managed trade,” the Journal editorialized last week. ---------- In other words, the USMCA is nothing more than a huge con that Trump supporters (aka - the ignorant), not knowing any different, will use to claim Trump is the greatest deal maker there ever was. And the same will be said of any China deal. China will provide Trump something he can use to get reelected, knowing it's Trump that will cause the most harm to the United States, while at the same time agreeing to nothing more than what we had before Trump began with his tariffs. And in the meantime, leading up to that final "deal", millions of Americans would have suffered - and all for naught. thenewsblender