Everyone talks about the economy, but no one knows what to do
Trump said last week the economy is booming, roaring, on fire! No, it is not, and as long as the U.S. increases carbon emissions, the unemployment rate does not really matter.
“Despite the tremendous success that I have had as President, including perhaps the greatest ECONOMY and most successful first two years of any President in history, they have stollen two years of my (our) Presidency (Collusion Delusion) that we will never be able to get back…”
Most people want to believe the U.S. economy is booming, no one wants to hear bad news. Trump is a master manipulator, playing the victim. It is all a delusion. Let’s dig in.
How is ignoring the climate emergency, eliminating environmental regulations, and promoting fracking and deepwater drilling for oil and gas a tremendous success?
Economic activity is based on the production and consumption of goods and services. International trade benefits the U.S. economy. Honduras, for example, has been a great source of bananas. U.S. products are sold all over the world. Trade creates new markets for U.S. products, and benefits Americans buying low-cost items. Trade agreements are based on respect, trust, and honest relationships. In two years, Trump has offended America’s long-term trade partners and imposed massive import tariffs.
Tariffs are taxes on American families
Tariffs slow the flow of trade like potholes on the road, creating delays, waste, and corruption. There are many ways to get around trade barriers. Tariffs are fees paid at the point of entry by companies like Walmart and U.S. manufacturers importing goods for domestic sale. Import fees go to the U.S. Treasury and American consumers pay for the massive tariffs.
Last Sunday, Trump tweeted, “For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 billions of dollars in additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China.”
Trump doesn’t understand trade or the economy. He fires the best people and ignores expert advice. Trump, the tariff man runs the show. Let’s do the math. For 10 months American consumers have paid $12.5 billion on high-tech products and $20 billion of other goods. Thus, $32.5 billion has been paid by American consumers to the U.S. treasury, a hidden tax on the middle class.
On Friday, tariffs on “other goods” will increase from $20 to $50 billion, to be followed by $81.25 billion more. American consumers will pay $143.75 billion more per year!
Please Google “Former Federal Reserve Chair Janet Yellen says President Trump doesn’t understand economics,” and “Trump struggles to understand the basics of his own tariffs.”
One way to understand the economy is to see how Nature provides all we need to grow healthy food. Soils are complex mixtures of minerals, water, air, organic matter, and countless organisms. Healthy soil is vital to life on earth. It all starts with a humble seed. Sunlight, healthy soil, clean air, and water grow healthy plants, the natural way. Chemical pesticides and herbicides are unacceptable.
Soils and economies are fragile and complex. They must be handled by experts. Farmers measure time in decades with a clear vision for the future. Their land is sacred, a treasure for generations. The Dust Bowl and the Great Depression were man-made disasters. Lies, tariffs, economic sanctions, and fracking are false solutions. Running the American economy is not a job for amateurs.
Soil without clean water and air, sunlight, and an expert hand is not enough. An economy without access to education, housing, healthcare, peace, justice, equality, and respect, is an empty promise.
Dead end jobs are not a way to make a living.
Dr. Luis Contreras