Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Peter Morici: Trump's Edge over Clinton
Howard Richman, 3/2/2016
Morici had a another great column a few days ago: Trump's Edge over Clinton. He laid out the economic case, citing economic statistics, that a Trump economy would be much better than a Hillary Clinton economy. After pointing to the decline in median family income during Obama's presidency, the recession in U.S. manufacturing, currency manipulations by China, and other similar factors. Here's his comparison between the candidates:
Should the economy tumble, Hillary Clinton will try to buy off voters with more Obama-vintage free stuff that makes creating jobs in the private sector so tough.
Sending more young folks to college doesn’t help them prosper if they don’t learn a marketable skill. Free tuition will just stuff more unqualified students in my classroom — already some 40 percent of university graduates lack basic skills for white-collar work.
Expanding Obamacare-mandated benefits will push up prices for drugs, medical services and insurance premiums even more and cause employers to hire even fewer workers.
Instead of more jobs, America will have more debt and more employers fleeing to Mexico, where wages are cheap and the government more friendly to business.
Stripping away the name calling and foul language, Mr. Trump offers a vision not of a handout society, where politicians bribe voters in the style of Roman emperors passing out free grain at the Colosseum, but rather a strong America that asserts its rights in global commerce.
Like Mr. Trump, even liberal economist Paul Krugman supports a tax on Chinese imports to force an end to the Middle Kingdom’s beggar-thy-neighbor policies.
America did not become a superpower by being timid, and it’s time for a president who understands this.
The only thing that Morici got wrong, is his argument that liberal economist Paul Krugman still calls for a tariff on Chinese products. Krugman did once call for an across-the-board tariff on Chinese products, but now he defends the Obama administration's capitulation on trade. It is an election year.
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- Restore American Jobs and Do It Quickly
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- Google Has Its Rosa Parks Moment -- I'm published by Seeking Alpha today
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- Doha Round stalls over US demand that India and China open their markets
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- Calla Wiemer misunderstands Chinese mercantilism in Wall Street Journal
- Levy Economics Institute's analysis of Import Certificates to balance trade
- US wins WTO appeal on China's non-tariff barriers against US movies, music, and games
- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
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