All the Cunning of a Bag of Rocks…

I originally posted the following information and commentary onto my Facebook wall…

‘If We Didn’t Trade,’ Trump Argues, ‘We’d Save a Hell of a Lot of Money’:

() “Our trade deficit ballooned to $817 billion,” Donald Trump said during a speech to steelworkers in Granite City, Illinois, yesterday. “Think of that. We lost $817 billion a year over the last number of years in trade. In other words, if we didn’t trade, we’d save a hell of a lot of money.”

According to the U.S. Census Bureau, the president exaggerated the size of the 2017 trade deficit by 48 percent. But that’s a mere quibble compared to his fundamental misunderstanding of what that number means, which in turn reflects a zero-sum view of economic exchange that does not bode well for the outcome of a tariff war supposedly aimed at promoting free trade.

(Read entire article here…)

My Commentary: He has the cunning of a bag of rocks.

Obama’s Fallacious Attempts to Control America’s Economy Through the Red Tape of Bureaucracy Have Stifled Business and Commerce

I originally posted the following information and commentary onto the Facebook wall of family…

"Your New Health Care System"

“Your New Health Care System”

The Obama Legacy: An Economy Choking on Red Tape:

Obama does not get business. He is a product of prep-school and then found his way into Columbia and Harvard. Then he became a “community organizer” in the Saul Alinsky tradition in Chicago. Then he became a politician. He hasn’t spent any time in the world in which most Americans live.

Indeed Obama has been downright hostile to commerce and the private sector since the beginning of his presidency. Remember the “you didn’t build that” nonsense? I mean really, anyone who has worked in the private sector, never mind started a business or made payroll, knew that the president was just woefully off base. To be kind.

Obama could almost be forgiven for the statement if it was understood that he was just trying to score political points. But It appears that the president honestly believed the “you didn’t build that” bit. And that is absurd for an adult. Sorry.

This ignorance of business, commerce, the ebb and flow of the economy, whatever one wants to call it, has colored Obama’s business policy from the outset and as such the economy has been retarded. Obama’s failure on the economy is only second to his failure on the racial front.

(Read entire article here…)

My Commentary: Inconvenient facts…