Tag: Trump

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free trade & free markets national politics & policies too much government

More of the Same?

USMCA, NAFTA, Trump, free trade, harbor scene, protectionism, tariffs,

For those who hated NAFTA, and have supported Donald Trump in his complaints about “the very bad deal” that the North American Free Trade Agreement [allegedly] has been, I ask: what was bad about NAFTA that isn’t in Donald Trump’s new version, the United States-​Mexico-​Canada Agreement?

Actual question. I am not in the least bit interested in gotchas, here. I am willing to celebrate USMCA when (a) I can make sense of it and (b) it proves not just more of the same.

The thing I liked best about NAFTA was that it had “Free Trade” in the title. I like free trade. Trade is good; freedom is good. It is not generally bad to trade with Mexico and Canada — for Mexicans, Canadians, and Americans. I simply have trouble believing that politicians and their aides (along with overly-​friendly lobbyists) know better than market competition what the terms of those zillions of deals should be.

But I freely admit, what I didn’t like about NAFTA was that there was more “free trade” in the title than in the agreement itself.

NAFTA was managed trade. 

As far as I can make out, so is USMCA.

Oddly, I just heard two of the three Daily Wire guys* praising USMCA for setting quotas on how much of what can be produced where.

Quotas and mandates and the like are not free trade.

“Managed trade” is just another way of saying “protectionism.” Savvy politicians don’t even like calling it “managed trade.” They call it “fair trade.” 

Free trade is fair enough. Politicians’ “fair trade” isn’t free enough.

This is Common Sense. I’m Paul Jacob.

 

* Andrew Klavan and Michael Knowles, recent podcasts: dailywire​.com.

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Illustration: Dutch free traders in Harbor Scene by Abraham Storck  (1644 – 1708)

 

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folly ideological culture too much government

Not So Great … Again

pie in the sky, America, great, Cuomo, Trump, government, fantasy, utopia

“We’re not going to make America great again,” New York Gov. Andrew Cuomo proclaimed at a bill-​signing ceremony this week. And then, further poking the president, the governor added, to gasps from the audience: “It was never that great.”

America — for all its faults, failings, and wrongdoings — has been a tremendous force for good, for freedom. At the same time, talking about how great we are really seems … what’s the word? Boastful.

“We have not reached greatness,” Cuomo went on to clarify. “We will reach greatness when every American is fully engaged. We will reach greatness when discrimination and stereotyping against women, 51 percent of our population, is gone and every woman’s full potential is realized and unleashed and every woman is making her full contribution.”

This is pie-​in-​the-​sky stuff. Utopianism. The state government of New York is not going to succeed — or even actually try — to “engage” every citizen “fully.” Neither will the Empire State help “every” female New Yorker to self-​actualize … while magically wiping out “stereotyping.”

When very real governments fixate on fantasy, they can only fail. Achievable responsibilities — like fixing roads, improving schools, enforcing laws — fall by the wayside. 

Both President Trump and Governor Cuomo would do well to concern themselves with running the government. Leave the greatness to the rest of us.

Oh, and the rest of the story? 

“I’m Andrew Cuomo, and I work for you,” the governor said in a 2010 video announcing his entry into the gubernatorial race. 

“Together,” he went on to declare, “we can make New York great again.”

This is Common Sense. I’m Paul Jacob.

 

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Accountability First Amendment rights general freedom ideological culture media and media people moral hazard nannyism national politics & policies Regulating Protest too much government

Dbl Standard Destruction Co.

Trump, border, wall, build, t-shirt, Donald J. Trump Border Wall Construction Co., Addison Barnes, Oregon

Addison Barnes has just won a court case against Liberty High School of Hillsboro, Oregon. The court ruled that the school acted wrongfully when, early this year, it suspended him for wearing a “disruptive” T‑shirt heralding a “Donald J. Trump Border Wall Construction Co.” 

Addison was awarded $25,000 for legal expenses, and the school has apologized to him, sort of, for the suspension.

“I brought this case to stand up for myself and other students who might be afraid to express their right-​of-​center views,” Addison says. “Everyone knows that if a student wears an anti-​Trump shirt to school, the teachers won’t think twice about it. But when I wore a pro-​Trump shirt, I got suspended. That’s not right.”

No, it’s not.

The outcome is imperfect. The apology offered by Liberty High does not acknowledge the glaring injustice of the suspension. It simply asserts that the school got the “balancing act” wrong between making students feel welcome and making them feel safe. (Because it is “unsafe” per se for kids to peacefully express political disagreements?) Nor was the teacher who imposed the suspension obliged to apologize personally.

Ideally, all schools would be privately owned, privately run. Then they could openly promulgate whatever silly policies they wished about what students may display on T‑shirts, if anything. Market pressures would tend to discourage indefensible rules. 

But today’s schooling system is not ideal.

Have you noticed?

Meantime, let’s hope that the court’s decision will discourage other schools from imposing similar double standards.

This is Common Sense. I’m Paul Jacob.

 

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Accountability free trade & free markets general freedom national politics & policies property rights responsibility too much government U.S. Constitution

The Trump Trade Enigma

Trump, worship, trade, trade war, tariff, free trade, trade deficit

President Donald J. Trump, former “reality TV” star, often seems merely to skirt reality.

“Our trade deficit ballooned to $817 billion,” President Trump exaggerated to the “men and women of U.S. Steel” last week. 

“Think of that. We lost $817 billion a year over the last number of years in trade,” he went on. 

“In other words, if we didn’t trade, we’d save a hell of a lot of money.”

This is the sort of dopey bunk a drunk at a bar might say, after the fourth shot had obliterated any remnant of economic understanding from his synapses.

But the president said this in Granite City, Illinois, in front of cameras, a live mic, and a cheering crowd.

And yet, as I wrote yesterday at Townhall, Donald Trump is now explicitly aiming at a worldwide free trade policy, negotiating to break down trade barriers and get rid of subsidies on … well, “non-​automobile industrial goods.”

I’m almost afraid to ask him why not all industrial (and, for that matter, agricultural) products. Could one expect a coherent answer from someone who does not understand that an $817 billion “trade deficit” means that we, the consumers of the United States of America, got stuff from each billion spent? Each dollar?

And yet, if he pulls off worldwide free trade agreements — for whatever reason — he may almost be worth the attention that Bussa Krishna, of the southern state of Telangana, India, gives him.

The man set up a shrine to worship Donald Trump.

I will never do the same. But I’d tip my hat to almost anyone who fosters trade, and the peace and progress trade brings to the world.

This is Common Sense. I’m Paul Jacob.

 

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free trade & free markets national politics & policies responsibility too much government

Trump’s Biggest Secret?

golden crutches, farm subsidies, tariff, trade, free, Trump, EU

“This trade war is cutting the legs out from under farmers,” says Senator Ben Sasse (R‑Neb.), “and White House’s ‘plan’ is to spend $12 billion on gold crutches.”

Referring to Donald Trump’s tariff brinksmanship with China, Sasse is decrying Trump’s request to Congress for compensatory farm subsidies. Sasse insists that “America’s farmers don’t want to be paid to lose” — but regardless of what farmers want, we should want free trade.

Tariffs are taxes. Consumers ultimately pay for them all.

Trump’s requested “crutches” is just another example of a bad government program leading to another, “compensatory” bad government program.

Old story. Too familiar.

The senator is right to be alarmed by the Trump “administration’s tariffs and bailouts,” for the president is playing a most dangerous game. Trade wars are not mutually beneficial. Trade is.  

Of course, if the ultimate result is an end to all trade barriers — as Trump himself demanded regarding the EU — then … could it be worth it?

One thing’s for certain: the history of protectionist brinksmanship is not pretty. Sasse himself predicts that Trump’s tariff hikes “aren’t going to make America great again, they’re just going to make it 1929 again.”

Sasse is referring to the passing of the Smoot-​Hawley Tariff Act of 1929, which led not only to a spooked Wall Street, but to bank failures and retaliatory protectionism from other countries. 

And a worldwide depression. And world war.

But is Trump really a secret free trader,* using tariffs in a game of chicken with trading partners?

This just in, from The Guardian: “Trump and EU officials agree to work toward ‘zero tariff’ deal.”

Stay tuned.

This is Common Sense. I’m Paul Jacob.

 

* We could be forgiven for thinking him an old-​fashioned protectionist, considering his repeated insistence that “Tariffs are the greatest!” But with Trump, maybe we should never take him literally.

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Photo by Carlos Martinez

 

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Accountability crime and punishment government transparency media and media people moral hazard national politics & policies Regulating Protest responsibility

The Deeply State

FBI agent Peter Strzok, girlfriend Lisa Page, congressional interrogation, testimony, Trump, threat

FBI agent Peter Strzok is offended. 

Deeply.

He takes pains to clarify: he sent emails during the last presidential campaign expressing a willingness and readiness and commitment to preventing a Trump Presidency because he, Agent Strzok, is patriotic. 

Deeply.

During yesterday’s contentious congressional interrogation, fielding questions regarding just how anti-​Trump he was during the last presidential campaign, Peter Strzok denied that his obvious and admitted political bias affected his professional conduct.

“Like many people, I had and expressed personal political opinions during an extraordinary presidential election,” said Agent Strzok. “My opinions were expressed out of deep patriotism.”

But it wasn’t just a matter of expression, was it? One text message was an assurance that he would “stop” Trump’s election. When challenged on this, Strzok admitted that his memory was faulty.

Deeply?

“At no time, in any text,” Strzok said, decisively, “did those personal beliefs enter into the realm of any action I took.”

When a citizen expresses a credible threat to a president, federal agents investigate. His exchange with his “girlfriend,” Lisa Page, was not what we now call an “existential threat,” of course. Ms. Page had texted her worry about a Trump win: the man was “not ever going to become president, right? Right?!” Strzok’s reply was not vague: “No. No he won’t. We’ll stop it.” The threat is, at most, covert-​political, back-​room. FBI-​ish. The couple were, after all, a part of an investigation into Donald Trump’s alleged Russian connection.

Though one could easily understand a married man assuring his inamorata simply to puff himself up in her eyes, this assurance sure looks different to our eyes — it cannot help but make us suspicious.

Deeply.  

This is Common Sense. I’m Paul Jacob.

 

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