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Hey Im Sarah Gonzalez Welcome To The
news and why it matters Stu what was the top story for you. I’m well known for my hashtag Tara forgettin you are was a really cool creative idea. You have we’ve sold a 300 million dollars worth of t-shirts Wow the hashtag team you don’t have to share that with anybody I know I don’t there’s no one that would need to be sure what’s good right so I want to talk a little bit about tariffs and how they’re working and also is there a solution. I think we found an actual solution to the trade deficit issue and we can talk about that okay. I think the caravans kind of a big deal right now.
Even Though The Mainstream Media Doesnt Think We
actually care about it because the elections over I do it’s reached the border now yes there. The border all right Jason the biggest news of my entire life actually is that I have decided to sue the Dallas Cowboys and the Jones family for press credentials to every single game, especially the eagles-cowboys game so I really want to see them the violation of your First Amendment right exactly Pat I’m so glad to be there not just in the press room. I don’t know sideline actress UK in locker room access the whole line mean nothing all right got a lot to get into before we do that I want to thank our sponsor Rydia Zone. I know we talked about this the other day but the holidays are coming up and I think everyone probably at this table. Other than me is going to be indulging a little bit more than normal.
Youre Really Not Gonna Youre Not Even Answer
at all right I. Don’t have amazing willpower Yeah it took me a while yeah I wouldn’t I think I would call it a disappointment. It’s what I would call it as a human being human to human It’s Thanksgiving you know this is we’re supposed to be thankful for our bounty or something only paper. I’m pretty sure you’re allowed to break that one deadly sin that day you’re pretty much writable that’s a better word than disappointing well. Ready Zone helps me be very unpatriotic and respectable because it helps boost your metabolism and help you feel full so you’re not likely to give in to the cravings.
Yes You Can Indulge On Thanksgiving
I’m just it’s the days after, though or like you know all the stuff is the mouse it gets hard and creeps up on you over the holidays Six seven day weekends Yeah so you need to make. sure that you have your all stocked up with Ridaz own so that that can help you so that come February you’re not like Oh Crap I just gained 35 pounds over the holidays. You can go to Ricky’s own. com and use promo code The Blais to get 30 percent off of a three month supply do the math. It’s like a dollar seventy-nine a day that’s nothing to invest in in your health and your weight that is our UK u zo nj.
- sue dallas cowboys
- tariffs kicking like shouldn seeing
- little bit tariffs working
- trade deficit issue talk
- tariffs working solution think actual
Com So Tara Forgettin Tara Forgettin Well
we have some of the results of what the tariffs have been doing. We’ve talked a little bit about the economic problems they’ve caused and there have been some but you know still they haven’t it hasn’t been a full plethora of of tariffs put in yet but as we’ve seen some effects from it more than that I. wanted to look at what what Donald Trump’s idea was what was the because he wanted to solve a very specific problem which was our trade deficit that’s why we need the tariffs. It’s a trade deficit. Here’s the latest reports from Kiplinger.
September Saw The Deficit Reached Fifty-Four Billion A
seven-month high. The deficit will likely climb seven to eight percent above last year’s five hundred fifty-two point three billion dollar total by the end of 2018 higher than the five to six percent we originally foresaw the deficit with China reached a new record of forty point two billion dollars in September. One of the complaints I’ve had about tariffs among the many is that it doesn’t even work to fix this problem when it comes to trade deficits and it is you know it fosters all sorts of other issues. However, I think we should. At if he wants to solve this problem? There are ways to do it.
In Fact, Theres Theres Really Only One Way.
This has really only happened one time in the last you know 4050 years where we’ve seen a real change in the trade deficit and let me show you the chart here. You can kind of see where it’s where we’re on the so. This would be the trade deficit going down like so there’s we’re coming back closer to zero right so it starts on the left side of the chart at a larger deficit and it goes back up in a really short amount of time and that’s the policy you’re going to want to replicate of course to get this to happen in a long-term way you could see it’s a huge difference there now if you look at the next chart, you could kind. Get a little bit of context what it is it happened right around October 2008 Is what that happened? You know I don’t know what policy was switched there.
There Was Something That Happened Right
around October 2008 that made us come right almost back to 202. A surplus which is it a miracle that’s an incredible development and this is what happens with trade deficits. Trade deficits go down for the United States when your economy is in a crap hole. This is. This is the the the economic crisis exactly what happened with the trade deficit in one picture and it you know it’s funny because I decided to look at it.
Theres A Different Way And Heres Another Chart
if you see at the very left side of the chart. Here you kind of just get a little glimpse of it, where it’s coming down and and. It comes back up towards where where we are now what that is it if you look at that right now you could say that’s kind of the economy right like on the left side of that where you can’t quite see that’s the where the economic collapse was right and then we’ve kind of Kemp came back up a little bit but slowly and we’ve improved and now we’re at a higher point than we were That is the trade deficit chart flipped upside down. That is not has nothing to do with the economy that’s just the trade the same chart I just showed you flipped upside down Wow and it’s it. This is how clear this is this is a we’ve also hit a low in foreign investment in America.
Because Of These Tariffs Are Now Kicking In
and it’s like well it that’s we shouldn’t be. Seeing that now or the economy’s too strong, we should be seeing more people wanting to invest in America right now instead of less so it is a you know all of the this is again. There’s a lot of things we praise about Donald Trump on the show. I think he’s done a lot of things that I’m happy with. This is the worst part of his presidency.
A Forget About Yelling At Jim Acosta Forget
about all the other stuff. You know people who have what he’s tweeted here there. This is the actual policy part of his platform that is really damaging and it is just so misguided. I hope that a Larry Kudlow at some point can break through to him. I just have very little optimism on that point Yeah I and we haven’t even seen worst as far as how much goods are going.
To Cost When All Of The Full
effects the full ramifications of all of all the tariffs have come through and that one that one paragraph that you put up there kind of stuck out my mind, where it showed how the trade deficit went up over the last couple of months and I think a lot of that has to do with just panic from a lot of companies they’re like Oh my gosh. We have to get all these materials all these goods All these things that used to be cheap for us. Yeah that are made all over the world. We have to get those right now Yeah to lock in prices maybe from the lease in that a couple months or whatever but once all of that runs out and again we haven’t seen the worst to this once that runs out. Then they’re buying all.
Those Same Goods That Used To Cost
I don’t know let’s say five dollars you know per whatever now they’re gonna cost like fifteen dollars per whatever and what happens to the farmer. So there’s so many ramifications to this when you go from selling China a billion dollars worth of soybeans per month to 24 million per month. Credible that’s unsustainable for the farmers. What are they gonna do with the actual number Yeah Oh my God 7% drop yeah in exports. It is unbelievable yeah and again we talked about this a little bit I think on radio Pat when you were in is that there’s a there’s a theory where a bunch of these seats that that the Republicans lost in the election were in the areas where the tariffs have hit the hardest and that makes sense right you know and it’s just like it’s I.
Just Dont Understand It It Says You
know in a way hit the the fact that the trade deficit is going up is an issue that would trump having being a victim of his own success. In the economy. The economy is strong, so that trade deficit is going to go up and that is not a that is not a bad thing. It’s something that is actually a real positive long-term. There’s a million different parts of that equation where there’s more foreign investment usually comes in to the United States when these circumstances happen, so you don’t actually lose this money.
The Investment Comes In In Foreign Investment Anyway,
but it’s just like eating this is the thing. Donald Trump is not a popular president. Historically, he’s never had a high really high watermark and and he does very well with his base. Obviously but he’s been between. and 48 percent basically his entire presidency as far as approval rating goes and he’s held on there.
I Think Largely Because The Economy Economys Been
strong yeah and there’s some problems now that are creeping into the economy because of the trade yeah and if this thing tanks that presidency time Oh it’s not good. Do you think really quickly. Jason do you think that he doesn’t understand trade deficit and what it actually means the ramifications of the trade deficit. I know we had I think it was Kevin Williamson on HMm not too long ago and he went into this and talked about how trade deficit isn’t necessarily a bad. You know a bad thing in all circumstances, Yeah, you know I economic nationalism.
Its All About Economic Nationalism.
I think he actually I think that he definitely aligns with this just based off his background but. I think a lot of Steve Bannon? I mean that that’s this is what Steve Bannon was all about you know like nationalism in every way but economic nationalism. It’s it’s politics really but I also want to point out really quick that trade deficits.
Stu says he is disappointed by the disappointment of his Thanksgiving celebration . Jason Bourdain wants to sue the Dallas Cowboys and the Jones family for press credentials to every single game, especially the eagles-cowboys game so I really want to see them the violation of your First Amendment right exactly Pat I’m so glad to be there not just in the press room.& I think the caravans kind of a big deal right now. Even though the mainstream media doesn’t think we actually care about it because the elections over I do it’s reached the border now.& The border all right Jason the biggest news of my entire life actually is that I have decided to sue The Dallas Cowboys . I want to thank our sponsor Rydia Zone for their subscription to the Ready Zone. I’m pretty sure you’re allowed to break that one deadly sin that day you’re pretty much writable that’s a better word than disappointing well. It’s Thanksgiving you know this is we’re supposed to be thankful…. Click here to read more and watch the full video