Sunday, June 25, 2017


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It's fair game for one TV host to question another isn't it?

Former host of ‘Dirty Jobs,’ Mike Rowe, showed concern regarding Trump’s “Buy American, Hire American” policy. He expressed his doubts over the policy that Trump so loves, in a segment with Tucker Carlson on Fox News this Monday.

When Carlson asked Rowe if he was shocked to see how popular Trump’s policy was turning out to be, he said no, however he did show a little nervousness about it for a couple of reasons.

“First of all, I’m not sure I really understand it, to be honest, I mean I’m not a lawyer and it’s an Executive Order and it’s full of a lot of fine print. Secondly, and more importantly, it feels like it might be a shortcut. And as my pop used to say, ‘shortcuts lead to long delays.’ I don’t know if it is or if it isn’t.”

“If the executive order makes things more fair,” he continued, “if it does something to clamp down on uh, currency manipulation and whole lot of other things I also really don’t understand, it feels like happen in the global economy that disadvantages our country then I’m all for it.”

“But if it’s one of these things that is going to ultimately bring about some unintended consequences, I get nervous,” Rowe added.

“Look, I’m nervous about the minimum wage because I think when we raise it to hurry up to get to an endpoint,” he explained. “It’s like that wack-a-mole game. Something else pops up somewhere else and it’s like rent control. And I want an environment where the companies who are most responsible for hiring are dramatically encouraged by the market to keep the business here. And if we get ahead of ourselves, and make it by fiat, or some kind of mandate, I just figure that mole is gonna pop out of another hole and we’re gonna have to wack it.”

Rowe further elaborated that his doubts were the result of his understanding about what American consumers prefer to buy, even if they say they want to buy and hire American.

“Look, once upon a time, in another life, I had a deal with the blue jean company,” Rowe said. “And part of what I wanted to do was give the consumer a really clear choice between jeans that were made in America, and jeans that were made overseas. And they were identical, these jeans. I mean I could show you the research one day if you’re into it.”

“But it was remarkable how the price difference was everything,” he continued. “Until those two jeans, the American-made and the overseas were the identical same price, there was absolutely no push, no incentive for the consumer to buy American.”

“So it’s not just the worker, and it’s not just the boss, it’s us,” he concluded.

Rowe is a popular advocate of hard work, a virtue that he believes has been forgotten in the modern American society. He recently also spoke to Carlson about how modern American culture subtly scorns and undermines the value and dignity of hard work.

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The Trans-Pacific Partnership, known as TPP, will move forward without the involvement of the United States as President Donald Trump signed an executive order withdrawing the U.S. from the trade deal.

TPP was the deal brought up frequently by both Donald Trump and Bernie Sanders throughout the campaign season.

But what is TPP?

The Trans-Pacific Partnership is an agreement that covers several topics such as human rights, labor standards, government corruption, the environment, and most importantly intellectual property.

Critics of TPP, say the increased restrictions on intellectual property within the deal benefit only large corporations and stifle innovation and creativity.

The intellectual property clauses within the deal would extend copyrights by another twenty years and tighten the Digital Rights Management programs, taking privacy from end users.

However, the biggest downfall of the TPP is that the largest abuser of intellectual property, human rights and the environment did not agree to the terms.

That’s right, China refused to be part of TPP, making the trade deal meaningless to the world.

Trump also plans to change the 1993 NAFTA agreement between Canada, the United States and Mexico.

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High Unemployment

The simple answer is: a global economy.

But a lengthier explanation is due. As long as we, as a nation, import more than we export we will have enough goods to fill the needs of all of the populace without requiring the labor of all of the populace to produce those goods.

Some say it is because too many companies outsourced jobs. But whether an American company hires workers in a foreign land or buys and imports products from a foreign company, the result is the same. It still comes down to the imbalance between what is manufactured here and what is consumed here. Imports vs. exports.

Others blame automation, but that’s not new. The industrial revolution caused the loss of some jobs, but created others. In a closed economy, where most everything was produced here, many people were needed to manufacture whatever was in demand. But in a global economy, all of our labor is not needed to satisfy all of our needs. It’s as simple as that.

What isn’t simple is a viable solution.

We didn’t get to this point overnight. Nothing can be done that will reverse the trend overnight. If you drive your car in the wrong direction and eventually turn around, it will take you about as long to get back to where you started as it took to get to the wrong place.

A good starting point – the first step in turning around – would be to lower our corporate tax rate. It is currently higher than just about every other industrialized nation. We shouldn’t be surprised by the actions of some companies to avoid those taxes. An increasingly popular process, where an American company buys a foreign company and moves their headquarters to that other nation, is called “tax inversion”,

It’s also been called unpatriotic – mostly by people who don’t understand business. A business must make a profit. Otherwise it will go out of business. Unlike the government, which can make terrible decisions but never go out of business, companies must make decisions that ensure profitability. It has nothing to do with patriotism. If the company fails, it will be unable to employ anyone. Now that might be considered unpatriotic.

But if our federal tax rate was lower than other nations, our companies would be more competitive, which is good for their bottom lines. Lowering the tax rate just might reverse the trend toward inversions. Foreign companies might want to employ that trick to lower their taxes by relocating to the US.

The more we manufacture, the more we can export and the less we need to import. More manufacturing in the US would employ more Americans.

Balanced trade is the best cure for unemployment.

Before fiat monetary systems replaced the gold standard, international trade had to balance. If it didn’t, nations that imported more than they exported had to pay the difference in gold. Once we went off the gold standard balanced trade was no longer considered necessary.

I don’t expect to see the gold standard re-instated any time soon, but that doesn’t mean we can’t at least try to balance trade. The best first step toward that goal would be to create a tax code that encourages businesses to locate in the US – and stop penalizing companies that do.


Guarding Republicans

Over the weekend, the New York Times was slammed for running a piece where the news outlet apparently tried to cover up the motives...