The article notes:
For those who follow closely the strongest argument against the U.S. trade and economic policies of the past 30 years has been the outcome. We don’t need to guess what the pro’s and con’s of the U.S. Chamber of Commerce position is, we are living them. We don’t need to guess what the Wall Street economy delivers, we are living through them.
For the past 30 years the U.S. has lost jobs, wages have been depressed, and the middle-class has suffered through the implementation of economic trade policy that destroyed the U.S. manufacturing base. None of this is in question – the results stare us in the face – yet the Wall Street and multinational corporate club(s) [U.S. CoC chief among them] now demand a continuance of the same.
It seems logical that if something is not working it needs to be changed. Somehow that has escaped Wall Street and the U.S. Chamber of Commerce. Actually, one wonders if the current program is working for the interests of Wall Street and the U.S. Chamber of Commerce.
The article further states:
The truth is, well, two points: •Point #1 – the media don’t want to know; they are committed to selling the prior policy. •Point #2 – there’s almost no-one within the professional economic punditry class who have ever given thought to what happens during the space between two fundamentally different economic policies as executed.
What happens in the space between taking the U.S. economy off the path of ‘service-driven-globalism’, and reasserting the economy back to a balanced ‘production-based national economy’? None of the key participants within the larger discussion have ever contemplated this dynamic.
The article explains why Wall Street does not support changing trade policy:
When Main Street economic principles are applied Wall Street will initially lose. There’s no way for this not to happen. Most of Wall Street is built on the Multinational platform of economic globalism. Weaken the grip of the multinational corporations and financial interests on the U.S. economy and Wall Street will drop… this is not difficult to predict. This is also necessary.
U.S. stocks, centered around U.S. domestic companies, will go up. U.S. stocks, centered around multinational companies, will go down.
As Secretary Wilbur Ross, U.S.T.R. Robert Lighthizer and U.S. President Trump have previously affirmed, they are going to restore the U.S. manufacturing and production economy -OR- lose office trying.
The U.S. Steel and Aluminum tariffs are just one component of the larger economic issue. Bringing back U.S. production on those sectors is vital to the infrastructure of a manufacturing and production economy.
Additional steps will come from exits of NAFTA and renegotiated trade deals with ASEAN nations, China and Europe. We either have a stable broad-base economy, or we follow the former path and eventually lose the country.
President Trump was chosen to lead America out of the economic mess of the prior eight years. It is interesting to see the amount of opposition he has encountered doing this.