On November 7, 2010, I wrote in “Global Economy R.I.P“:
“Which politician wants to overthrow the multinational regime, return prosperity to the USA, and be the next Ronald Reagan? The opportunity is there.”
And today, the next Ronald Reagan has stepped forward: Donald J. Trump, or as I dubbed him back in April: Donaldus Magnus.
Finally, a politician that gets it.
See the interview that the Great Man gave to George Stephanopoulos today.
In the interview, Trump says that we hold the cards in our trade relationship with China. And that is dead on. We have the largest consumer market in the world, and that is our “Trump Card”, so to speak. Without access to the Chinese market, our companies would lose some business, no doubt. But without access to our market China would be d-e-a-d.
Here is a quote from Trump that Stephanopoulos reported:
“When you have billions in dollars in deficits with a country, those are the trade wars I like. You don’t have to do business with China. You don’t have to do business with other countries.”
What I love about this is that it shows that Trump would not go to some G-20 meeting and beg smaller countries for better terms-of-trade. He would just declare trade war upon them and fight to win. Now that’s the no-nonsense kind of generalship that we need!
And Trump is so right: If we have a gigantic trade deficit with a country, we come out ahead if there is a cessation of all trade. It truly is a war that we cannot lose. Ronald Reagan roughed-up the Japanese during the 1980s and the world didn’t end. As a matter of fact, the 1980’s were far more prosperous than the previous decade. I can’t wait to see President Trump put the smack down on those Chinese mercantilists!
Note to mercantilists: Look in the mirror. See that red dot on your forehead? That’s President Trump drawing a bead on you!