Trump’s Great Gamble

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Trump's Great Gamble

USA -(Ammoland.com)- President Donald Trump's reelection hopes hinge on two things: the state of the economy in 2020 and the identity of the Democratic nominee.

The further left the Democrats go to select their candidate, the greater the probability Trump wins a second term.

Thus Trump got good news this week.

The verbal flubs of Joe Biden reached critical mass. They are now so numerous and egregious they have begun to call into question whether Biden, who turns 77 in November, is really up to a year of campaigning, followed by four years of leading the nation in the world.

Nor is it only Trump saying this now.

The Biden staff appears to be agonizing over the endless reruns of Joe's gaffes on cable TV. And a media that sees Biden as the best hope of bringing down Trump is showing signs of alarm.
A valid question arises, not only for Democrats:

Does the Biden we have lately seen in debate and on the stump look like a focused leader who could be confidently entrusted with the most powerful office on earth until January 2025, which would be the end of his first term?

What are the odds that, if he won the presidency, Biden could be a two-term president, until 2029, and not a visibly lame duck from Day One?

Yet, if Biden stumbles and falls before next spring, which seems more of a possibility than two months ago, it is almost certain the Democratic candidate and party platform will be outside the American mainstream.

Consider what the Elizabeth Warren-Bernie Sanders-AOC Democrats have on offer: A Green New Deal with government jobs for all. Net-zero carbon emissions. “Medicare for All,” including migrants here illegally. Free tuition at state schools. Forgiveness of most or all of $1.5 trillion in student debt. A trillion dollars of infrastructure. A $15 minimum wage. Reparations for slavery,
All this is being promised while the nation is running a $1 trillion deficit and facing trillion-dollar deficits through the first term of the next president.

And the national debt is already larger than the GDP.

But if the Democrats' performances this summer were heartening for the president, what happened Wednesday August 14th must be causing palpitations.

The Dow Jones average plunged 800 points, capping a loss of 7% of its value in weeks. Capital is flooding out of equity markets into the shelter of bonds.

And worldwide, the news is not good.

The German economy, the world's fourth-largest, contracted in the first quarter. Factory output in China, the world's second-largest economy, is growing at its slowest pace in 17 years.

Britain, another of the 10-largest economies, is about to crash out of the EU by Oct. 1. Hong Kong, its political crisis unresolved and the protests ongoing, is projecting zero growth.

The U.S. economy remains the strongest in the world, but U.S. growth in the second quarter was 2.1%, tepid compared to the 3.5% growth in the spring of 2018.

On top of this disquieting news on the economic front, Trump's disapproval in the Fox News survey released Wednesday rose to 56%, a 5 percentage-point jump in his disapproval from July.

That the president laid Wednesday's market swoon at the doorstep of the Federal Reserve suggests that Fed Chairman Jerome Powell is being set up to take the fall if the economy goes south in 2020.

And going south is a distinct possibility. Bank of America Merrill Lynch puts the odds on a recession next year at 1 in 3.

From the media and political reaction to the Dow plunge, there is nothing Democrats would relish more than seeing the Trump boom, which has reduced unemployment to record lows, end in a recession, negating his greatest political argument and asset.

And if America can be talked into a recession, rely on the Beltway political and media elites to try to bring it off.

Which brings us to the China trade impasse, which involves a historic gamble by Donald Trump.

Trump seeks to throw out a free trade policy that, rooted in 19th-century ideology rather than U.S. national interests, threw open U.S. markets to the world and produced, over three decades, $12 trillion in trade deficits and a loss of 70,000 factories and 5 million manufacturing jobs.

Like the Russian army carting off German factories after World War II, the Great Arsenal of Democracy was looted by its postwar allies and adversaries alike.

The weapon Trump is using to stop this looting is tariffs, a price of admission into the U.S. market to replace the free passes foreign nations and transnational companies have had to produce abroad and sell into the USA.

Trump is using tariffs to coerce China to stop cheating on the trade rules we have established and to grant us the same access to her markets as producers in China have to the American market.
And he is betting his presidency he can pull it off.


Pat Buchanan
Patrick J .Buchanan

Patrick J. Buchanan is the author of the new book “Nixon's White House Wars: The Battles That Made and Broke a President and Divided America Forever.”

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    OldvetWhodatyBob SadtlerGreen Mtn. BoyDave C Recent comment authors
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    Oldvet
    Member
    Oldvet

    A third thing he needs to consider “Don’t Piss the Gun People Off ”
    He did make the comment the other day , I paraphrase …A lot of the people who put me here are Gun people .

    Whodaty
    Member
    Whodaty

    References to growth-growth-growth is all I see in economic news. How about *stability*? The only way there can be continual growth is with a never ending increase in population. Doesn’t the world already have too many people to comfortably support? Remember ZPG from the 70’s? What ever happened to that? Not a word about general world overpopulation issues in the media. Logic 101 shows that growth has to be finite, regardless of the scenario. Seems we should get off that band wagon and focus on other indicators of, and ways to improve human success.

    Bob Sadtler
    Member
    Bob Sadtler

    There is NO WAY IN HELL that I vote for that lying pig in 2020.

    National Reciprocity. Silence
    Hearing Protection Act. Silence
    Red Flag. “Take the guns, ‘due process’ later.”
    Bump stocks. “Write them out!”
    “Silencers.” “I don’t like them.”

    If the Libertarians do not field an acceptable candidate AND running mate, then I will write in Rand Paul. Trump is an ignoramus and a LIAR on the 2A. My vote has already sailed.

    Green Mtn. Boy
    Member
    Green Mtn. Boy

    If he sells out second amendment supporters and Looses,the hounds of hell/Left will descend upon him and family,one wonders if that is what he really wants.

    Dave C
    Member
    Dave C

    At least he has the balls to try, even knowing it can hurt him in the long run…..

    Vern
    Member
    Vern

    On the surface it looks like a liberal thing to force their agenda which is to make this country into something none of those on the left have ever lived in them selves, a socialist nation. In socialist nations those at the top do very well and those at the middle are dropped to the bottom with the voter base of the left and live in the gutter with that same VB. But it goes deeper than that, it goes back from 2700 years ago to 2000 years ago and it is happening in the order that it was given.… Read more »

    Rock
    Member
    Rock

    The nonstop pushing and writing about the oncoming recession WILL be the reason it happens. ALL the Dems and some republicans are like drug dealers pushing for a recession, it is, like the Dems have stated THE ONLY WAY TO REMOVE TRUMP !!!!!!!! SO THEY PUSH IT 24/7 !!!!!!It’s like a mass hysteria deal, the weak minded allow themselves to be drawn into what other WANT you to believe…. The Dems WANT a recession guaranteed !

    buzzsaw
    Member
    buzzsaw

    We’ve been talked into nearly every recession I can remember. The problem with economic predictions is that they tend to be self-fulfilling, especially for recessions. If a recession is predicted, the reasonable thing to do is to prepare for possible job loss by cutting spending. If everybody does this, sales will indeed drop, companies will start laying off, and when people see their friends and relatives out of work, they will reasonably cut back even more, deepening the cycle. Once you lose your job, it’s very difficult to be convinced you need to spend more. Likewise, predictions (and news) of… Read more »

    Wild Bill
    Member
    Wild Bill

    @buzz, I went to the gun show and did my part for the economy! That is two stabs in the eye of the democratic socialists.

    Will
    Member
    Will

    I don’t really know about Trumps economic “great gamble”. But if he caves to gungrabbing socialists again,even an inch,he won’t get re-elected !

    Wild Bill
    Member
    Wild Bill

    @Will, I am supporting the Trump economy by purchasing guns and ammunition. If the gay, lesbian, libtard, google, fashion, and social media portions of the economy falter, but not the firearms industry, then Trump will know who he can do without and who can’t do without.

    ras52
    Member
    ras52

    Will, 10 4 on that.