"Because he can walk, chew gum, and a few other things at the same time, he is going to work on trade, get ready for Putin, keep the pressure on Iran, and make sure the North Korea deal stays on track. Oh yes - he will still have time for a round or two of golf this weekend."
It seems the EU is coming over to see the Yanks. Why? To straighten out this trade mess. BTW - Donald Trump is SPOT ON when it comes to our trade with the EU. It sucks. It is anything but fair. In fact, when I started reading about some of the disparities, I was shocked it ever got to such a place. But it did, and our current President does not like it. "Fair trade or no trade" seems to be the new clarion call.
Nobody seems to be capable of explaining why we have a 2 1/2% tariff on cars coming in from the EU, and they slap a 10% tariff on our cars going over there. However, our President does his homework, and is no patsy. He would love for the EU to agree there should be no tariffs on any car from either side. But if they refuse and want to keep the tariffs where they are, Trump has suggested he might ratchet our tariffs up on their cars by a factor of 8. Then while they put a 10% tariff on our cars, we will put a 20% tariff on theirs.
Stay tuned. We are going to see this dance done over and over and over again. Mexico, Canada, China and others. Donald Trump is in his element. Honest people will agree with our President. We have allowed our trade imbalance to become obscene. He promised the American people when he was a candidate he would fix it, and fix it he will.
As much as I would love to have President Trump get our screwed up trade imbalance squared away, I would love more for him to really put a fork in our criminal tax system. Wait a minute Bird! Have you been asleep at the switch? President Trump just gave us a huge tax cut! Yes he did, and I am thankful. But our tax system still is not fair. Way, way too many people pay nothing, and only a few at the top pay most of it. We need a fair tax - not a flat tax, a fair tax.
Why fair instead of an income tax? First off, we can take the politically driven IRS and put it out to pasture. Done, gone, finished. All our revenue would come from consumption. Everyone pays the same. If there is a 10% tax on a loaf of bread, everyone would pay that 10%. That is fair. No games, no deductions, no cheating, just a consumption tax.
Some think that both balanced trade and a fair tax might be a bridge too far for America. Maybe we will never get there - or maybe we will almost get there. I do know this. For the first time in a long time, we have a visionary - not a dreamer, but a visionary, leading our country. Walter Middy was a dreamer. That is all he ever did. Visionaries however, give us results.
As the Democrats and the media keep nipping at the President's heels, he just continues to perform. And because he can walk, chew gum, and a few other things at the same time, he is going to work on trade, get ready for Putin, keep the pressure on Iran, and make sure the North Korea deal stays on track. Oh yes - he will still have time for a round or two of golf this weekend.