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Tuesday, March 06, 2018

We are in a trade war -- and we are losing.

"WTO and top Republican urge Donald Trump not to launch trade war," the Guardian reported when the president said he would impose high tariffs on imported aluminum and steel to protect American producers, as well as the nation's ability to turn out war materiel.

House Speaker Paul Ryan issued a communique: "We are extremely worried about the consequences of a trade war and are urging the White House to not advance the plan."

That statement would be like House Speaker Sam Rayburn urging FDR not to retaliate over the bombing of Pearl Harbor. Why, that could lead to a world war.

We are in a trade war, and have been for some time. We are losing our shirts, or rather our ability to make shirts.

"According to data from the 2010 Census, nearly 100 percent of all apparel Americans use is imported, up from nearly 57 percent in 2000. More and more textiles come from overseas as well: Nearly 52 percent of textiles Americans use are imported, up from nearly 33 percent in 2000," ABC News reported -- seven years ago.

How can you fight a war if you cannot provide uniforms for your troops?

According to Nobel economics laureate Paul Krugman, the USA buys 14% of the global imports but supplies only 9% of the exports.

That is a bleeding of the American economy. How ironic that the people pushing regulation upon regulation on our industries are preaching free markets from the other side of their mouths.

The World Trade Organization is not our friend, any more than the United Nations is.

Let us stop pretending that we benefit from the net loss of $800 billion a year in all this free trade.

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The media chose to go to war with Donald John Trump in 2017 rather than accept him as president.

The media chose poorly.

Fake News Follies of 2017 shows how and why.

What readers are saying:

Rob Miller: "What we have here is nothing less than a detailed, well written chronicle of exactly how the American press abandoned all semblance of scruples and journalistic ethics once Donald J. Trump became president. Like Surber's other books, this one will have you laughing out loud and you will find it difficult to put down."

PSD: "Like his other books, it is written with wonderful wit filled insight, rare in political commentary today. The style is one of gentle humor and common sense. It is refreshingly devoid of malice and partisan contempt, easy reading with not a few laughs along the way."

rurallbob: "Another winner from Don Surber."

Richard: "Funny, well written and well organized, Fake News Follies is an entertaining and thoughtful look at the news coverage provided by the press to the American people. Clearly they are not playing it straight. Sure, the press makes mistakes. It's inevitable. But when the totality of news stories not hewing to the known facts is collected and presented as it is in this volume there is but one explanation. Fake News. Don Surber brings to the subject insight that only a veteran newsman could provide. I wish this book would be read by everyone but especially people opposed to Trump because I think it would be sufficient to challenge even a closed off worldview."

A. Brogden: "Unlike Kurtz 's book, Media Madness, which sought to justify and explain away the lies and prejudices of the anti-Trump MSM, Surber relentlessly and methodically documents the tsunami of BS the press has served up since the upset victory by President Trump. Almost without exception everything Trump has done as president has been distorted, mischaracterized, or flat out lied about for over a year. This is how you get 90% negative reporting. This is how you get the press with 28% trust ratings. And by God this is how you get eight years of Trump as President."

A Kindle reader: "Easy read, a great compilation of biased new coverage of Trump before and after the election. I started out anti Trump and reluctantly voted for him for one reason only, He was not Hillary. This book is a great reference when people claim the MSM is not biased and does not publish fake news. It reinforces Glenn Reynolds description of the press as Democrat operatives with bylines."

Fake News Follies of 2017 is available on Kindle and in paperback.

Autographed copies are available. Email me at DonSurber@GMail.com for details. I am including a "director's cut." I will give you the original Chapter 1 that I cut because while the chapter was amusing, it really had nothing to do with the Fake News Follies of 2017.

13 comments:

  1. "Ah, you Yankees finally figuring out that we the world do not need bombs to bring you to you to your Knees!"

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  2. “How ironic that the people pushing regulation upon regulation on our industries are preaching free markets from the other side of their mouths.”- ironic and moronic.

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  3. Note his willingness to forego said war if NAFTA negotiations successful.

    Once again, it's a trap.

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  4. They hate us they always have...always will. The world is not a co-op.

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  5. Another example of people paying too much (TOO MUCH) attention to Paullie "The Beard" Krugman.

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    1. I have a seven month old preemie granddaughter. She already has more economic sense than Paul Krugman. He'd have had her killed, you know, for the greater economic good.

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  6. Just because he is named Ryan doesn't make him Jack Ryan.

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    1. Certainly not! -- BJ54

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  7. A little isolationism and the ability to be self-supportive is a good thing. Other countries want a piece of the action: The U.S. Economy, largest in the world. Fine. What can they do to earn access to that economy? If the U.S. can't make a profit by allowing access to our economy that access should be denied. Who ever heard of a company prospering by losing money? - Elric

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    1. But... but... this is the government. Actually, part of the problem here is big business -- which does not care about anything but the bottom line. -- BJ54

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  8. Bottom line . . .

    http://www.thegatewaypundit.com/2018/03/paul-ryan-will-hate-us-aluminum-manufacturer-announces-300-new-jobs-kentucky-following-trumps-tariff-announcement/

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  9. Next time you are in Europe, try to see if you can spot a Chevy or a Ford on the street of any major city. If you can, you should be buying lottery tickets. Anyone think that's a coincidence?

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    Replies
    1. When I lived in Germany '58-'61, owning an American car was a status symbol among Germans. By the time I was back, '66-'69, that had ended.

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