Not Katrina

Why the stock market rallied yesterday — decisive national action. Just compare this to Katrina. No comparison. Doesn’t mean the country isn’t going to be whacked by the coronavirus — Trump isn’t god, but it does mean this administration is very responsive. Trump acts; he’s not frozen in the headlights like so many previous presidents on so many different crises. Another case in point is the terrible trade imbalance with China that has been going on now for decades due to punitive and protectionist tariffs imposed on imports by the Chinese. The last 3 presidents did absolute nothing about this and so we have this huge rust belt in the middle of the country and the middle class got hollowed out. But Trump acted — he retaliated with our own tariffs, which ultimately will lead to a negotiated and fairer trade agreement with China. The worst year for the trade imbalance with China was 800 billion. That’s with a B. That meant, bottom line, China was 800 billion richer and we were 800 billion poorer at the end of the year — because Chinese protective tariffs blocked most American products from their market. Trump is doing something about that — not previous presidents. Yes uncouth, but he acts.

Trump Takes Action


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