Thursday, January 16, 2020

Trump is a fucking moron so of course he chose another fucking moron to be the US Trade Representative. His name is Fucktard Robert Lighthizer. Also, there is Fucktard Peter Navarro. What we have here is two fucktards working for President Fucktard and his love for moronic trade wars. America has got to get rid of these stupid fucking assholes.

https://www.theatlantic.com/magazine/archive/2018/12/peter-navarro-trump-trade/573913/

But economists on both the left and the right say that Navarro’s fundamental views of trade are outdated, misguided, or just plain wrong. For instance, he has argued that reducing America’s trade deficit will lead to economic expansion. In some circumstances, a smaller trade deficit might go hand in hand with a stronger economy—if American businesses sold more airplanes and advanced computer systems to foreign buyers, say. But in other circumstances, a smaller trade deficit would go hand in hand with a more sclerotic economy—if, say, U.S. government policies encouraged investors to build cheap-junk factories here in the United States, diverting corporate resources from higher-value and higher-margin enterprises. As Greg Mankiw, a top economist for President George W. Bush, put it, Navarro’s understanding of trade economics would not make sense to “even a freshman at the end of ec 10.”

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