President Trump doesn’t understand either economics or foreign trade. Neither, unsurprisingly, do most of his supporters. As a businessman and a college graduate, Trump ought to understand comparative advantage. He clearly doesn’t. He also should understand that, under current world economic conditions, a trade war based on increasing tariffs will hurt the U.S. more than China and will push up the U.S. cost-of-living without creating significantly more, if any, jobs in the United States. His actions are entirely “political,” to demonstrate his toughness on China to his political supporters.
Sending National Guard troops to our southern border won’t do much to deal with the immigration problem, because the majority of the current immigration problems don’t lie there, and the number of additional troops will have little effect. They won’t deal with resolving the problems of undocumented young people brought to the U.S. as small children who’ve known no other country and who are able, willing, and ready to work and pay taxes. But they will make Trump’s supporters think he’s doing something meaningful.
He’s also pared back wilderness and national monument acreage on the grounds that it will increase coal production. That’s anti-environmental action that will have no economic benefit whatsoever, given that there are only 50,000 coal jobs at present and that coal usage is declining as natural gas, wind, and solar power increase, as evidenced by the almost a quarter of a million jobs in various aspects of solar power.
Where are the infrastructure programs that will rebuilt the thousands of decaying highways and bridges? Or a program to upgrade our hodge-podge and overstrained electrical grid? Or the improvements to our air traffic control system, also largely outdated and overstrained?
Where are the proposals to deal with overpriced prescription drugs and the most-expensive and least efficient health system in the industrialized world?
Where are the economic proposals to reduce wasteful spending and to balance the federal budget? So far the only legislation dealing with this has been a tax cut that has increased the deficit and largely benefitted the wealthiest of Americans.
Where is the realization that Vladimir Putin is an intelligent thug who is playing Trump for a sucker? Or any understanding that Russia is already conducting cyberwar against the United States?
Of course, I can point all this out, as others are doing as well, but it’s not likely to change much, because too many people want to believe what isn’t so, and modern communications technology has ensured that they can all get together and reassure each other that our “beloved” President is standing up for America, even as almost every action he takes weakens it.