Perrspectives - Bringing light to Darkness

The "Everyone Could Have Predicted" President: Trade War Fiasco Edition

September 17, 2019

Among other things, Donald Trump will go down in history as the "everyone could have predicted" president. That is, it's not just that the 45th president of the United States has failed to deliver on pretty much every promise that he made to the American people; it's that the fact that Trump's guarantees would crash and burn was obvious to most sentient creatures at the time he uttered them.
Whether you took Trump literally, seriously, both, or neither, the results have been the same. President Trump has not built a "beautiful wall" and had Mexico pay for it. As predicted, Trump's signature tax cuts will not "pay for themselves," but instead will drain trillions from the U.S. Treasury to fill the accounts of the wealthiest Americans. He has not and will not "insure everybody." The Donald has not and will not average 4% annual economic growth, a feat last accomplished by Democrats JFK and LBJ over 50 years ago. Far from eliminating the entire national debt "over a period of eight years," President Trump is on a path to add trillions more to it by the time he ambles out of the Oval Office for the last time. And neither last nor least, this Trump proclamation was a disaster waiting to happen the moment it was issued:

"Trade wars are good and easy to win."

As a growing mountain of evidence is confirming, Trump was dangerously wrong on both counts. But this was all knowable when candidate Trump unveiled his plans for erecting big, beautiful tariff barriers between the United States and China, as well as against other American trading partners.

That Trump's dangerous game of Trade War Chicken is punishing the U.S. economy was quantified in a new analysis from Moody's Analytics last week. Far from "winning big time, against China," Trump is bringing the pain to Americans, especially those who supported him. As Yahoo Finance reported:
Continue reading at Daily Kos.


Jon Perr
Jon Perr is a technology marketing consultant and product strategist who writes about American politics and public policy.

Follow Us

© 2004 - 
 Perrspectives. All Rights Reserved.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram