Free Trade Agreements Between Nations Stimulate the World’s Economy, Tariffs Stifle Growth
Op-ed by TheWiseOldFart
As we all learned more about Trump over the last 10+ years,
it became crystal clear why he failed at every business venture in his life,
including casinos, and why he was forced to rely on assistance from foreign
nations to avoid absolute financial ruin. Anyone who voted for Trump, in any of
three disastrous elections, placed the economy of 340 million people in the
incapable hands of a draft dodger and criminal who avoided paying taxes with
fraudulent practices.
Every qualified economist in our country warned against
Trump’s plan to place large tariffs on every other nation in the world,
including our oldest and most trusted allies.
In 1930, Herbert Hoover was faced with economic disaster
after the beginning of the Great Depression in 1929. His idea was to place tariffs
on most imported commodities. His plan failed miserably, and exacerbated the
many problems facing the American people.
Beginning in 1981 with Ronald Reagan, the idea of free trade
agreements were debated by economic advisers to our Presidents, and throughout
the nation.
It was George H.W. Bush who signed free trade agreements
between the United States, and our neighbors, Canada and Mexico in December of
1992.
When Bill Clinton took office in 1993, he added two
supplemental agreements addressing the concerns of labor and environmental
implications. He signed NAFTA in December of 1993, and it became effective on
January 1, 1994.
History proves that the Clinton administration’s fiscal
policies were the most beneficial for America and its neighbors in modern
history.
The principle of free trade remained effective until January
of 2017 when Trump became your first illegitimate president. He looked at
charts and graphs without reading information about the effectiveness of his
predecessors, and decided that America’s profits were below his “standard.”
Trump 2.0 is a disaster. The worst man in the world became
your second illegitimate president in January of 2017 and immediately began to
implement a policy of bullying and intimidation in the form of outrageous
tariffs. The American people were already facing “Greedflation,” and although
Trump promised to end the problem on “day one,” he continues to ignore the
greatest economic threat facing the majority of all Americans.
His tariffs will add additional pain to all working-class
and retired Americans.
Throughout America’s history, efforts to establish trade
agreements with every democratic nation resulted in enormous success, with the
exception of the period following the Great Depression.
History proves that a willingness to exchange goods and
services between agreeable nations produces superior economies. Even Rome had
trade agreements with China and other nations which produced products and
commodities which increased the quality of life for its people. The members of
the Roman Senate were composed of successful and even outstanding businessmen.
The truth is simple. Trump and the least-qualified
administration in history have no idea what they are doing. Not a single man or
woman in his cabinet is qualified for their important and critical positions.
Trump is far too ignorant to understand one possibly
disastrous and undeniable fact. In the 21st century, no nation can
stand alone. It is mandatory that our allies share a healthy economy with the
United States. They must be strong and secure, willing and able to join America
in times of need or if we are threatened by another nation or nations.
Op-ed by James Turnage
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