What foreign policy? I haven’t seen any from this administration. Trump has alienated many countries who use to be our friends. And he believes strong-arm leaders of Russia and NK over his own intelligence agencies. And now we have a National Security Advisor and Secretary of State who are beating the drum for war with Iran. And I believe that this “little” trade war with China is going to backfire bigly.
“One of the leading indicators in the economy is agriculture,” she said. “We have record bankruptcies in farming country.”
Are there really “record bankruptcies in farming country”?
We found that the farm bankruptcy rate is exceeding historical norms in the upper Midwest, which includes Heitkamp’s home state of North Dakota. But experts told us the term “farming country” has no official definition, making the national picture the most relevant measurement.
And nationally, the farm bankruptcy rate has been fairly steady, and in fact sits well below the highs of just a few years ago.
Now I know “some” of you guys may not remember the early 80’s where we did have highest bankruptcy for farmers duo to late seventies of high oil prices and interest rates.
So you libs might need to find another talking point.
“It’s not China that pays tariffs,” Wallace said. “It’s the American importers, the American companies that pay what, in effect, is a tax increase and oftentimes passes it on to U.S. consumers.”
“Fair enough,” Kudlow replied. “In fact, both sides will pay. Both sides will pay in these things.”
Kudlow added, however, that China doesn’t actually pay the tariffs, but that their GDP will suffer “with respect to a diminishing export market.”
I wanted to make Barron VP first but I guess we could just move things along. Should we work Ivanka in here somewhere so we can have our first female Trump President?