William Thien

Archive for the ‘Stimulus’ Category

I think Trump is well within his rights as President of The United States to impose sanctions on Chinese imports. Not only is he well within his legal rights, he is well within any social parameters that indicate acceptable behavior on the part of our leadership to act on behalf of the country.

The country’s economic relationship with China is a serious issue, one that previous administrations have refused to confront out of fear for their presidency and party or just plain ignorance of what the average citizen is dealing with.

The problem is not Trump’s sanctions, the problem is that greedy retailers and industrialists here in The US have completely deconstructed our own production complexes in favor of the larger margin products made in China. They have offshored.

In other words, if something costs five dollars to make here in The US and one dollar to make in China, most retailers seeking a larger profit margin will stock their shelves, as they have been doing now for at least a decade, with Chinese made products in order to make four dollars more in profit.

As more factories close here and more people lose their jobs to NAFTA and their jobs are replaced by products made as a result of Clinton giving China most favored nation trading status, many can no longer afford to buy “Made in America” any longer.

China manipulates its currency, uses unfair labor practices, and even has military personnel in many factories to insure production is met. We do not do that here in The US and we will likely never take those measures. China is still a communist country when all is said and done.

Trump is well within his rights to impose whatever regime of tariffs he believes will bring those jobs and profits back to The United States.

Check the label.

Copyright © William Thien 2019

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I was surprised to hear today that the largest bank in America is going to lay off 30,000 employees. That is the same number of people as a small to medium sized city.

But then something occurred to me at the same time, that The President has recently been talking about jobs and certain types of financial stimulus. And the thought did cross my mind, it really did, that perhaps, just maybe, since they have done it twice already that big banks are positioning themselves for another big bailout at the expense of the American public.

What if big banks have developed a new business strategy that involves screaming “it’s the end” and “we are too big to fail,” hiding the money they have somehow, and then threatening massive layoffs while simultaneously crying to the current administration’s economic advisors that if they aren’t bailed out, it will signal a new national economic depression? The banks have done it twice already. They could be saying, why not once more? What a business plan! Or, what a criminal enterprise, rather.

Get the media to spin it enough to scare the American public to get behind it again, and again, and again, and again, and voila, banking executives will be singing again and again, “We’re in the money…we’re in the money. Suckerssssssssssss!”

Nevertheless, after the last two bailouts and seeing the banks hand out million dollar bonuses in six months or less to their executives, our elected leadership would be extremely negligent, perhaps corrupt and criminal, if they simply started handing out public funds to the banks once again, creating more massive national debt, unemployment, a veritable depression.

There is nothing conservative about that. That’s big government, ladies and gentlemen, making suckers of the America public at the behest of the banking sector, make no mistake.

Copyright © William Thien 2011

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May 2020
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