Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs

03/08/2016

By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.

Linked Articles

How Trump’s Hard Line on Trade Could Backfire

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Wall Street Journal 03/08/2016

Holman W. Jenkins Jr., Holman, W., Jenkins, Jr.

The Donald Trump campaign for U.S. president in 2016- strategies from "The Art of the Deal"

02/25/2016

Thinking big embracing the entire electorate, using social media to the fullest, improvising often based on voter sentiment, commonsense approaches, worked for Trump in the Republican primaries in 2016. The failure of the other candidates to address issues of voter frustration, and splitting of the vote with many candidates, created the opportunity for Trump to succeed with his unconventional campaigning style coupled with a careful attention to what troubled voters.

Linked Articles

Donald Trump’s Campaign Blueprint: His Own Book

Wall Street Journal 03/03/2016

Monica Langley, Monica, Langley

Wall Street Journal 02/25/2016

Editorial

A Donald Trump rally in March 2016, Pensacola and Orlando, Florida- anti-establishment politics and the white working class voter

01/27/2016

Linked Articles

Anxiety Fuels Donald Trump’s Supporters

Wall Street Journal 01/27/2016

Michael M. Phillips, Michael, M., Phillips

Wall Street Journal 03/09/2016

Allysia Finley, Allysia, Finley

The U.S. presidential election campaign in 2016- the Republican primaries and the contest between Donald Trump and Ted Cruz tapping into anger at the grassroots

01/15/2016

Linked Articles

Republican Debate Defined by Trump-Cruz Clash

Wall Street Journal 01/15/2016

Patrick O'connor, Patrick, O'connor, Janet Hook, Janet, Hook, Beth Reinhard, Beth, Reinhard

Washington Post 01/15/2016

Dan Balz, Dan, Balz

Assessment of U.S. president Obama's two terms in office 2008-2016 (1) - a declining middle class and a struggling working class

01/13/2016

Linked Articles

The Obama era has damaged liberalism - The Washington Post

Washington Post 01/13/2016

Michael Gerson, Michael, Gerson

Economist 01/19/2016

Economist.Com

The premium for shares in the Shanghai and other financial markets on the mainland and the difficult task facing policymakers in Beijing in 2016

01/06/2016

Linked Articles

Uncertainty About Stock-Selling Ban Clouds China’s Markets

Wall Street Journal 01/06/2016

Anjani Trivedi, Anjani, Trivedi, Chao Deng, Chao, Deng

Wall Street Journal 01/06/2016

Alex Frangos, Alex, Frangos

U.S. presidential candidate Ted Cruz's assessment of the 2016 presidential election- rallying the Republican party base critical to win in 2016

12/14/2015

Linked Articles

Ted Cruz Starts to Crack G.O.P. Establishment’s Wall of Opposition

New York Times 01/13/2016

Jonathan Martin, Jonathan, Martin

Washington Post 12/14/2015

Tom Hamburger, Tom, Hamburger

Donald Trump's proposed ban on Muslims entering the U.S. "till we know what is going on," following the Sn Bernardino terrorist attack in Dec. 2015

12/08/2015

Linked Articles

Donald Trump Calls for Ban on Muslim Entry Into U.S.

Wall Street Journal 12/08/2015

Reid J. Epstein And Peter Nicholas, Reid, J., Epstein, And, Peter, Nicholas

Washington Post 12/09/2015

Dan Balz, Dan, Balz

The failed turnaround at Yahoo as it looks for a buyer in 2016

12/03/2015

Linked Articles

Yahoo: Be Careful Playing in Traffic

Wall Street Journal 12/07/2015

Miriam Gottfried, Miriam, Gottfried

Washington Post 12/03/2015

Todd C. Frankel And Renae Merle, Todd, C., Frankel, And, Renae, Merle

The problems threatening the white working class in America and the rise of cultural illiberalism

11/12/2015

Experts point to the economic anxieties of the white working class in America, a broad group that has increasingly fallen behind as technology advances in the 21st century with globalization and mobile capital, causing serious social fissures in society. One of the dangers is to the ideas of liberal society itself with the rise of cultural illiberalism, such as that presented by the Trump candidacy for president in 2016, and Marie Le Pen's National Front in France, as liberal elites in centre right and centre left lose their hold on working class voters.

Linked Articles

The Bleak Reality Driving Trump’s Rise

Wall Street Journal 12/16/2015

William A. Galston, William, A., Galston

Washington Post 11/12/2015

Andrew J. Cherlin, Andrew, J., Cherlin

Jeremy Corbyn and the proposal in 2015 for a National Investment Bank in Britain to make investments in education, health services and infrastructure

09/11/2015

A new leader of the Labor Party in Britain proposes a National Investment Bank. Some of the funding would come from an estimated 20 billion pounds of tax debt, 20 billion pounds in tax evasion, and 80 billion pounds in tax avoidance, according to experts in the Labor Party. Corbyn says he would reverse the introduction of fees for university education by previous Labor governments and has publicly apologized for the fees. The fees plan would cost about 7.1 billion pounds and be paid for by a 2.5% increase in the corporate tax, slower deficit reduction or increase in the insurance tax, says Corbyn. Germany continues to provide free university education.

Linked Articles

Leftist Jeremy Corbyn elected leader of Britain’s Labour Party - The Washington Post

Washington Post 09/12/2015

Griff Witte, Griff, Witte

New York Times 09/11/2015

Stephen Castle, Stephen, Castle

2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.

09/09/2015

The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.

Linked Articles

The Bush Growth Plan

Wall Street Journal 09/10/2015

Editorial

New York Times 09/09/2015

Alan Rappeport, Alan, Rappeport, Matt Flegenheimer, Matt, Flegenheimer