Jack examines in detail Trump’s acceptance speech and its non-traditional Republican themes criticizing Free Trade, US national debt, NAFTA, China, offshoring, taxes, military spending-NATO, and related topics. Trade issues are paramount but represent pandering to working class discontent over the loss of jobs, wage income decline, and chronic US economic insecurity since 2000. Trump’s specific proposals for trade are dissected, including his claims to ‘tear up’ NAFTA, impose 35%-45% tariffs on Mexico and China, stop China currency manipulation, offshoring, anti-immigration wall, etc.—all of which represent pandering to working class discontent. Trumponomics = ‘Law and Order First’ economic recovery plan. How Trump is cleverly targeting disaffected working class voters in key swing states of Pennsylvania, Ohio, Michigan, Wisconsin, Virginia, North Carolina, and Florida as key to an electoral victory in November. Jack predicts the election outcome will depend on who, Trump or Clinton, is able to turn in those states the white working class, un- and under-employed 20-something youth, Hispanic, and independents voting blocs in those key states. Who has the bigger base, and who (Trump or Hillary) can turn out more of that base in these key states will determine the outcome. Trump has the advantage currently in turnout, Jack concludes as Hispanics and disaffected youth may sit home during the election. Trump could win. Much will depend on the TV debates.
A centerpiece of Trump’s campaign, that is gaining support for him among white working class voters in key swing states like Pennsylvania and Ohio, is his attack on free trade treaties from NAFTA to TPP. Today’s show examines the conditions behind the current stagnation of global trade the past 18 months, growing wage stagnation and income inequality in the US, and increasing US voters’ associating of their loss of quality jobs and declining wages with free trade. Dr. Rasmus briefly reviews policies in China, Japan, Europe, and the slowing of world trade. How US economic elites—from the Business Roundtable and others— are becoming terrified of Trump’s successful manipulation of voter discontent with free trade. The elements of Trump’s position on trade are discussed, including ‘tearing up’ treaties, imposing tariffs on Mexico and China, charges of China as currency manipulator, tax policy incentives encouraging job offshoring, and US visa policies. Jack critiques Trump’s positions and concludes that Trump—like Obama before and Hillary now—is simply pandering to the discontent and will reverse his promises on trade if elected. Pandering to the trade issue, however, may just provide Trump enough votes to win key states’ electoral majorities.
The Trans Pacific Partnership is a catastrophe poised to kill what’s left of our nation, says Dr. Margaret Flowers. Long-time activist and Green Party candidate for Senator from Maryland, Margaret works to FLUSH THE TPP and warns that this proposed trade deal is “NAFTA on steroids”. These terrible trade deals turn every ounce power over to giant corporations who rig our economies to the benefit of the super rich. NAFTA utterly destroyed America’s industrial base, and the TPP will be even worse, says Flowers.
We’re joined 30 minutes in by Bob Fitrakis, who recalls the dynamics of the Democratic campaign of 1992, when NAFTA was downplayed by candidate Bill Clinton, only to have him pass it once in the White House.
The question then becomes: now that Donald Trump has labelled NAFTA “the worst trade deal ever signed,” how will Hillary duck the issue in the upcoming presidential contest. And would she, once in the White House, stick it to the American economy the way she and Bill did in the 1990s.
Sadly, the question answers itself. Is the only answer that Bernie Sanders must now run as a Green with Jill Stein? Stay tuned!!!!