Showing posts with label trade deficit. Show all posts
Showing posts with label trade deficit. Show all posts

Friday, April 21, 2017

Trumponomics

Trump’s budget was outright scary. In order to pay for increasing our military spending, he wants to cut everything. As someone who wants to create jobs, he seems to forget about the massive amounts of federal employees that will lose their jibs due to the cuts.

On top of that, he argues that we have less ships than we did in the 90’s and our planes are old. I don’t even know where to start. In the 90’s, we began to decommission WWII era ships, as they had a 50 year lifespan and had outlived their purpose. A single Aircraft Carrier group could destroy most of the world’s Navy’s. Our submarines are country destroying machines. Our destroyers are just that and our carriers are not only better than any carrier on Earth, but the number of them are greater than all countries combined.

As for our planes, aside from the F-22 Raptor, and the F-35 joint strike jets that will come online soon, yes, our planes are “old”. The F-16 has been in service for decades, but is still one of the most reliable and impressive aircraft around. Not to mention that it is constantly geting upgraded. Our B-2 Spirit can destroy air defense systems and infrastructure allowing non stealth attacks, and return home without being seen. It can carry 80 conventional 500 pound bombs, or 16 2400 pound thermal nuclear bombs. That’s not even mentioning our B-52, B-1 and the B-21 which is expected to be in service by 2020.

My point, our military is just fine and the proposed cuts will hurt everyone. Our EPA is going to be gutted; even Meals on Wheels, which takes up such a small part of our GDP.

Then you have the attack on illegal immigrants and on our trade deficit. His focus on coal and manufacturing jobs is perplexing as we have moved to a service country for a reason. Those jobs are higher paying and better jobs. Who wants to make iPhones over selling and servicing them?

By deporting illegal immigrants, rather than giving them a pathway to citizenship is another head scratcher as they benefit our economy greatly. So does trade, and we have a trade deficit for a reason. We consume more than we can produce, and we benefit from trading with China and other nations. His proposed 30-40 percent tariff is a tax that we will pay for. If companies have to move back to the US, the cost of that will be paid for by us as well. None of it makes economic sense.

Trump’s plan, if approved, will destroy our economy. Things will cost to much, people will buy less, unemployment will rise leading to less purchases and so on. There is no upside to his plan and only ignorant people think everything should be made on the USA and we need more manufacturing jobs. Although with Betsy Devos, our children will probably only be able to get unskilled jobs anyways, maybe that’s his plan. The only people who will benefit from his plans and deregulations are his friends. He even said as much, saying that his friends can’t borrow money like they used too. His friends are doing fine, it’s everyone else that needs help.

Humans have traded commodities since before civilization when one clan realized that they develop one thing really well and another clan develops something else. It’s called specialization, and Trump with his nationalistic point of view can destroy that tradition. We cannot let that happen.