Saturday, June 25, 2016
Trump's gibberish: he doesn't understand his own positions
Mr. Donald Trump celebrated the Brexit vote by claiming this would mean more tourists for Britain and his luxury golf resort in Scotland. This may be true... BUT... One of Trump's signature campaign issues is America's trade deficit. Does he not realize that the collapse of the British Pound and the Euro will only INCREASE that deficit??? Yep - folks like me will be spending cheap vacations in Europe and the UK - spending American $$$ overseas. Meanwhile Brits and Europeans will be staying home - NOT spending money in the U.S. The same logic applies to goods & services: it'll be cheap for the U.S. to buy stuff from UK & Europe. It'll be expensive for UK & Europe to "Buy American". Result? Trade deficit soars. Mr. Trump, do you understand economics? Do you understand ANYTHING?