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Monday, January 09, 2017

President Trump will export to China

America's trade deficit is $1 billion - a day.

That is ONE TRILLION DOLLARS every three years -- nearly $3 trillion over a two-term presidency.

President Trump wants to end that.

Democrats oppose this. National Review too. But the biggest billionaire in China wants to work with President Trump to reduce the daily deficit.

From CNBC:
President-elect Donald Trump said he had a "great meeting" with Alibaba executive chairman Jack Ma on Monday, when they discussed 1 million new U.S. jobs. 
Ma said that Alibaba's expansion would focus on products like garments, wine and fruits, with a special focus on trade between the American Midwest and southeast Asia.
"We're focused on small business," Ma told reporters. "We specifically talked about ... supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we're pretty big in Asia." 
Where those jobs would come from is unclear. While an Alibaba spokesperson told CNBC before the meeting that the Chinese online retail giant company would create 1 million jobs over five years, Ma's comments focused on supporting small businesses.
"Alibaba will create 1 million U.S. jobs by enabling 1 million American small businesses and farmers to sell American goods to China and Asian consumers on the Alibaba platform," the company said in a statement.
Since NAFTA, America has lost a third of its manufacturing jobs. Don't blame automation because throughout history, automation has created new jobs.

President Trump is reversing the polarity on trade.

The Washington Establishment will never admit it was wrong about climate change.

And these same clowns will never admit they were wrong about President Trump.

I don't care.

His eight-year reign officially begins in 11 days.

@@@

Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.

It covers the nomination process only. The general election will be covered in a sequel.

For an autographed copy, email me at DonSurber@GMail.com

Be deplorable. Follow me on Twitter.

12 comments:

  1. I'm not getting tired of the winning yet.

    ReplyDelete
  2. "Don't blame automation..." It's funny how these things work out. Many years ago a new procedure came out that was going to eliminate 1/5 of the surgery done in my profession. I felt bad about it at first, but noticed after I started doing it that my job was easier, plus my income went up instead of down. There are always going to be things for us to do, we simply have to find out what they are.

    ReplyDelete
  3. The Midwest's gonna get out of the red economically, and locked into the red politically.

    ReplyDelete
    Replies
    1. Outta the blue, and into the black...little Neil Young there for ya, Dave...

      Delete
    2. I like that, Z. Great comment by Old and Unimproved Dave, too. Well played, sirs!

      Delete
  4. "Don't blame automation because throughout history, automation has created new jobs."

    Not true. While US manufacturing jobs have decreased, actual manufacturing output has remained the same ... because of automation.

    https://www.brookings.edu/blog/order-from-chaos/2016/12/29/global-economic-forces-conspire-to-stymie-u-s-manufacturing/

    "First, job loss in manufacturing derives primarily from technological change, not from trade. Manufacturing’s share of U.S. production is quite stable, but its share of employment has declined at a steady rate because productivity growth in manufacturing is higher than in services."

    ReplyDelete
  5. ... continued:

    "This trend can be observed in all of the advanced economies, including ones such as Germany that have large trade surpluses. Manufacturing’s share of employment in Germany declined by 15.5 percentage points during 1973-2010, very similar to the U.S.’s 14.7 percentage point decline."

    ReplyDelete
  6. U.S. Manufacturing jobs have dropped by 6 million since 1973 -- 5 million after NAFTA.
    Two hundred years of industrial age history show automation leads to more jobs. Protectionist policy does too.
    Go with what works.

    ReplyDelete
    Replies
    1. From Mark Perry At AEI. Who knows more about economics - Mark Perry or Don Surber?

      Delete
    2. I will say he cherry picks numbers better than me.

      Delete
  7. From the sequel to "Trump the Press":
    "The gain of 31 million gain jobs in twenty-two years sounds impressive until you consider there was a 42 million gain in the previous twenty-two years. To put it another way, in twenty-two years before NAFTA, we had a fifty-two percent gain in the number of jobs. In the twenty-two years afterward, we had a twenty-five percent gain."

    ReplyDelete
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