I saw the above presentation by Donald Trump on Fox News channel this morning. It is apparent that he has not backed down on any of his opinions. That is a troubling possibility for the U.S.A.
Just listen to his words!
Besides building a wall between the United States and Mexico he would impose a 35% tariff on goods manufactured in Mexico. The consequence of that would be 1) higher prices for all the consumer items bought in the United States from Mexico and 2) the United States has a positive trade balance with Mexico of $182 Billion and the million jobs created by that trade balance would be lost.
China holds $1.3 Trillion in U.S. treasury notes. A 45% tariff on those goods imported from China (his plan) would not only destroy their sales of consumer goods to America, it would create a trade war. China would most likely demand repayment of the notes. Donald Trump, who believes in bankruptcies when he doesn’t want to pay his debts, would do what? Refuse payment. That decision would cause worldwide economic panic and the destruction of the American economy.
Saudi Arabia would also demand payment on the notes it holds ($116.8 billion) and just might embargo the oil sold to American oil companies.
Japan holds $1.1 Trillion in American notes. You think they will simply pay 100% of the bill for our troops in their country?
Market Watch says on their web site that “45% of Americans pay no federal income tax” and that converts to “77.5 million households do not pay federal individual income tax.” So when Donald Trump on his web site says “If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls”, what is he telling you?
When Donald Trump says we will have the most powerful military in the world, what is he telling you? Well actually nothing. You see America’s military is the most powerful in the world today.
There is no drought in California. The weatherman are all wrong. Donald Trump says so. So it must be true!
Think smoke and mirrors. Think of Alice in Wonderland. Think the powerful Oz. That would be someone behind a curtain who has no power at all.
You think we have problems now. Donald Trump will destroy in just a few years what has taken over 200 years to build. The United States is the greatest country in the world today!