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Presidential campaign: I bid no Trump

DonaldWhen the press releases hit our e-mail inboxes Wednesday, I thought it was a joke: "Committee to Draft Donald Trump in 2012 Formed," blared the headline. Apparently I wasn't the only one. "Reinstitute the draft just for him?" asked my editorial-writing colleague Jon Healey. "Seems a little extreme. And we’re pulling people out of Afghanistan, not sending more in. But I guess I could be persuaded."

But no, the committee proposes to send the real estate mogul to the Oval Office, not Kabul. And apparently, they're not actually kidding.  There is in fact a grass-roots committee, which according to the release is absolutely, positively, cross-their-hearts "not directed, authorized or funded by Trump," that aims to persuade him to run for the Republican presidential nomination. Not that Trump appears to need much persuading. In an appearance at the CPAC conference last week, he announced  that he would decide in June whether to announce his candidacy.

I don't want to throw cold water on a campaign that could be at least as entertaining as Pat Paulsen's old presidential bids or Stephen Colbert's run in 2008. But Trump either isn't in on the joke or he's the best deadpan humorist since Steve Carell. What else to make of his recent policy statements on MSNBC?

"We're the highest-taxed nation in the world, OK, so it's not like 'Oh gee, you can raise taxes so easily'... What I would be doing, however, is I'd be taking in hundreds of billions of dollars from other countries... I would tax China because they're manipulating their currency; they are taking all of our jobs. China is an absolute abuser of the United States, they have no respect for our leadership... You know, China made almost $300 billion so-called profit on us last year; $300 billion. Now I love free trade, but that's not free trade...'"

If Trump were a serious candidate, it might be worthwhile to point out that:

a.) We're not the highest-taxed country in the world. In fact, out of the 33 developed nations tracked by the Organization for Economic Cooperation and Development, 29 rank ahead of the U.S. when it comes to tax revenue  as a percentage of gross domestic product.

b.) China did not make $300 billion in profit off the U.S. last year. The China-U.S. trade deficit  in 2010 was $273 billion, but a trade imbalance in which one country buys more products from another than it sells to that country isn't the same thing as "profits."

c.) You can't actually tax China.

d.) You can raise tariffs on China, but that would be protectionism, which Trump says he doesn't like and which is more typically favored by Democrats than Republicans. It would also spark a trade war with the U.S. government's biggest banker, which is in a position to ravage our economy if it decides to sell off Treasury notes. And it would cause a sharp rise in consumer prices, sparking inflation.

Of course, there's no need to go there because Trump's candidacy is just Colbert-style satire. Isn't it?

RELATED:

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Why Mitch Daniels may join the Republican presidential race, even if he doesn't actually want the job

-- Dan Turner

* Photo of The Donald, standing in front of a poster of The Donald, by Timothy A. Clary / AFP/Getty Images

 

Comments () | Archives (17)

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lol

the guy is a moron. He should go back selling ice ..LMAO

jg bennet

He may not be so dumb...

“pernicious indulgence in the doctrine of free trade seems inevitably to produce fatty degeneration of the moral fiber.”
Republican Teddy Roosevelt

US World Trade Deficit 1987 - 2010
Negative 8.8 trillion dollars
http://www.census.gov/foreign-trade/balance/c0015.html

DOLLAR DRAIN DEFINITION
The accepted dollar drain definition applies to economies throughout the world, not only those using the dollar as a unit of currency. Dollar drains are trade deficits that result when imports exceed exports in monetary terms. For instance, a country that imports more goods from overseas than it exports to foreign countries is, in effect, sending its currency overseas in return for those goods. This can lead to a shortage of currency in circulation at home, creating a tight money situation in which companies have difficulty obtaining the loans and funds they need to grow or to continue operations. Consumers feel the effects of dollar drains as well, since they cannot obtain loans for the purchase of property or for other immediate needs; a shortage of currency in the home economy affects every aspect of that economy.

MAJOR RISKS OF DOLLAR DRAINS
A ready supply of circulating money is necessary for economies to engage in setting monetary policies; loosening or tightening the supply of money in the market is one of the most important tools government has in determining fiscal policy. When there is a shortage of currency in the economy, the government cannot exercise this control over the economic situation. If the dollar drain continues for a significant length of time, the government may be forced to curtail foreign purchases or to borrow heavily from other countries in order to meet its obligations. This can lead to inflation and devaluation of the currency on the international FOREX market.

**Most analysts believe the long-term solution to dollar drain is to promote and encourage consumers to purchase goods manufactured in their own country where possible; this can stem the flow of currency out of the country and lessen the trade differential over time.**

CONRAD

TRUMP FRONTED A DEVELOPMENT CALLED TRUMP OCEAN RESORT IN A COMMUNITY CALLED PUNTA BANDERA IN TIJUANA , BAJA CALF, MEXICO, 30 MINUTES FROM SAN DIEGO BORDER...HUNDREDS OF PEOPLE INVESTED 32 MILLION BECAUSE OF HIS NAME...THE PROJECT WEST BELLY UP LEAVING INVESTORS OUT IN THE COLD...OF COURSE HE SAYS HE ONLY FRANCHISED HIS NAME AND ITS NOT HIS PROBLEM...DO U WANT HIM FOR PRESIDENT????......

CONRAD

TRUMP FRONTED A DEVELOPMENT CALLED TRUMP TOWERS OCEAN RESORT IN A COMMUNITY CALLED PUNTA BANDERA IN TIJUANA, BAJA CALIF, MEXICO, ABOUT HALF HOUR SOUTH OF SAN DIEGO BORDER...HUNDREDS INVESTED $32 MILLION BECAUSE OF HIS NAME BEFORE THE PROJECT WENT BELLY UP LEAVING INVESTORS OUT IN THE COLD......ONLY CONSTRUCTION IS A GIANT HOLE IN THE GROUND...OF COURSE HE WILL SAY HE ONLY FRANCHISED HIS NAME AND ITS NOT HIS PROBLEM...DO U WANT THIS GUY AS PRESIDENT????

Native Angeleno

Go (involuntary gag) Trumpy! Anyone wreaking havoc among Obama's Republican agenda-setters is a good thing.

Bob

The writer is the real moron. Comparing Donald Trump to Pat Paulson is like comparing Bill Gates to Dan Turner.

Jim

He has too much money. My guess is that he's surrounded by yes men, so no one is willing to tell him he's acting like a fool.

His hair proves it.

JAY

THE REPUBLICAN PRIMARY WOULD BE EXCITING, TRUMP WOULD MAKE SO MUCH FROM TV WHETHER HE WINS OR NOT. A DEBATE WITH HIM AND SARAH PALIN IS PRICELESS

politicallyactive

Donald Trump.....oh, the humanity,
Maybe a Trump-Palin ticket...that's it!
The GOP has turned into a comedy act.

Rev G. Trask

The Donald is just stroking his massive ego by having the media openly entertain the possibility of him going to the WH. If he were really to run in the GOP primary, how would he win delegates in states like Iowa and SC -- states that the eventual winner needs to carry? Those voters are looking for Bible-thumpers like Mike Huckabee and Michelle Bachmann, not a money-changer with a boffo hairdo.

Rev G. Trask

The Donald is just stroking his massive ego by having the media openly entertain the possibility of him going to the WH. If he were really to run in the GOP primary, how would he win delegates in states like Iowa and SC -- states that the eventual winner needs to carry. Those voters are looking for Bible-thumpers like Mike Huckabee and Michelle Bachmann, not a money-changer with a boffo hairdo.

steve

Where does Donald think all the money who got from the banks at low interest rate to do his real estate speculations came from? So he would return the favor by taking the Chinese to Mcdonald's. With Wharton degree he sure isn't that bright as I thought. Understand nothing about Chinese culture.

steve

Where does Donald think all the money who got from the banks at low interest rate to do his real estate speculations came from? So he would return the favor by taking the Chinese to Mcdonald's. With Wharton degree he sure isn't that bright as I thought. Understand nothing about Chinese culture.

andrew miller

Just what America needs- advice from a smug, elitist, Latte drinking writer for the LA Times- a newspaper which, unlike Trump, is losing money hand-over fist.

I understand you fellows in Beverly Hills don't know anyone who actually works for a living but while you creeps write ( and talk)Trump has created both jobs and wealth.

When the Revolution comes over-educated LA Times editorial writers get it in the first.

Hugh campbell

China’s ”Innovative Protectionism” Make it The Global "Puppet Master"

China is willing to sustain short term pain for the long term gain (the hollowing-out of industry after industry in other countries around the world) to obtain multiple global monopolies and then do what adversarial monopolists: do gouge the consumers.

China’s ”Innovative Protectionism” is not the competitive devaluation of its own currency, which would enhance China’s exports and inhibits its trading partners’ exports to China, but it’s an over-valuation of the currencies of one or more of its trading partners. This negatively affects all the trade of the pegged trading partner(s), not just trade with China. U.S. Dollar over-valuation was 8 times as damaging to the U.S. recovery as what the media refers to as “China keeping it currency undervalued”.

The Bloomberg April 2007 article China's Power Erodes Free-Trade Support in Developing Nations, mentions local industries, even in developing countries are being forced out of business:

http://www.bloomberg.com/apps/news?pid=21070001&sid=ar_m7AGPgNlA

The Wall Street Journal November 2008 article China Defends Price Fixing by Vitamin Makers is testimony that China believes it is immune from price-fixing laws:

http://forexdaily.org.ru/Dow_Jones/page.htm?id=349246

Because China is a communist country it is able to dictate to its business firms. When dictating increase prices, China contends that its price fixing actions are exempt from prosecution in foreign courts under the doctrine of sovereign immunity, just like OPEC. If the doctrine of sovereign immunity was upheld, once a communist country’s business firms obtained monopolistic market share, much higher prices could be changed on exports creating a “perfect storm” for U.S. consumers. Where the doctrine of sovereign immunity is not available, higher prices would normally be obtained through rising exchange rates, which in China’s case would make all their exports more expensive, make U. S. exports to China less expensive and make China’s holding of U.S. financial assets worth less. An ability to play the sovereign immunity card would provide China the best of all worlds and America the worst of all worlds.

The closing two questions to a 2010 Consumers Union Activist Summit presentation were regarding quality/safety issues, multiple-industries monopolies and a potential “perfect storm” for U.S. consumers”. This presentation can be found at:

http://events.consumersunion.org/videostream.html?bcpid=97921835001&bclid=99536631001&bctid=101467034001

Click the (CU Summit 2010: Eric Schlosser link) and start at 40:30.

In November 2003, Warren Buffett in his Fortune, Squanderville versus Thriftville article recommended that America adopt a balanced trade model. The fact that advice advocating balance and sustainability, from a sage the caliber of Warren Buffett, could be virtually ignored for over seven years is unfathomable. Until action is taken on Buffett’s or a similar balanced trade model, America will continue to squander time, treasure and talent in pursuit of an illusionary recovery.

An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:

http://democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf

michael hardin

Trump? My goodness. If a person who can declare bankruptcy on a whim can be president, what happens to our economic policy? But then, Palin, a chief executive in Alaska who quits mid-term? Gingrich? What happened to the smart, fiscally responsible Republicans? I am quite happy to have Obama president for another four years, especially if the Republicans have ceded their brains to hairpieces.

Trump;)

Mr. Trump, prove me if your hair is really fake!?!?!?;)


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