Economic Organization Says Trump Is the Number 1 Threat to the World Economy

Here.

The Economist Intelligence Unit, run by the very rightwing pro-corporate magazine The Economist, said in an analysis that Trump is the number 1 threat to the world economy due to his opposition to free trade and the possible killing of the nightmarish and catastrophic Transpacific Partnership free trade deal (TPP).

I suppose we could say then that anything that The Economist says is terrible for the world economy is probably actually great for most of us and no doubt anything that The Economist says is good for the world economy is bad for most of us.

21 Comments

Filed under Conservatism, Economics, Journalism, Neoliberalism, Political Science, Politics, Republicans, US Politics

21 responses to “Economic Organization Says Trump Is the Number 1 Threat to the World Economy

  1. Jason Y

    All this free trade stuff, though it seems like a good idea, will backfire, just like his anti-immigration plan will. It’s just too late in the game to implement these ideas safely. Note, Hitler was one guy who had a similar agenda, and look what happened to him.

    Anyhow a lot of Trump’s ideas are a scapegoat. A scapegoat for the fact a lot of people won’t get an education. For instance, contrary to what some people have said about India, actually there is a HUGE demand for computer programming in the US, as well as math, and as well nursing etc..

  2. Stary Wylk

    I had figured out, in my twenties, that when talking heads spoke of “the economy” they meant stockbrokers and investors.

  3. TJF

    To Robert:

    that Trump is the number 1 threat to the world economy due to his opposition to free trade and the possible killing of the nightmarish and catastrophic Transpacific Partnership free trade deal (TPP).

    Hmmm Bernie Sanders and Hillary Clinton are also against the TPP….
    But Trump’s hair.. yeah that’s rough…

    Bernie:
    http://www.sanders.senate.gov/newsroom/video-audio/defeat-the-trans-pacific-partnership

    Hillary:

    http://www.politifact.com/truth-o-meter/statements/2016/feb/05/hillary-clinton/hillary-clintons-revisionist-history-tpp/

    Granted Hillary is kinda sorta on the matter… probably just need to make a substantial contribution a year after she’s in office to fix that.. ahem.

    Yeah.. I mean what could possibly go wrong with the TPP…? Especially since the agreement is with multiple countries that have markedly weaker labor and environmental protection laws..?

    http://www.commondreams.org/news/2016/01/07/nafta-lawsuit-over-keystone-xl-proves-free-trade-deals-kill-democracy

  4. Tulio

    The Economist, right wing? Lol.

    • TJF

      To Tulio:

      The Economist, right wing? Lol.

      Certainly not like Christian right – God, Guns, Anti-Abortion, anti Gay rights.

      But all for neo-liberal hyper free trade, anti-union, anti financial regulation, lower taxes.

  5. Jason Y

    Looks like Trump will be getting tough on northeast Asia. No more free rides.

    http://www.reuters.com/article/us-usa-election-japan-idUSKCN0WM017

    This should stir things up in South Korea as they will be more worried about a militaristic armed Japan. Note they’ve been paranoid about this situation coming about for years.

    • Jason Y

      Trump has also accused Japan of stealing jobs and criticized the U.S.-led 12-nation Trans-Pacific Partnership trade pact that Tokyo sees as vital for strategic as well as economic reasons.

      Doesn’t Japan have car factories in the US though? Seems like they do more a job employing Americans than Ford.

      • TJF

        To Jason Y:

        Doesn’t Japan have car factories in the US though?

        They were basically forced to do in the 1980s when quotas were placed on Japanese imports.

        https://en.wikipedia.org/wiki/Voluntary_export_restraints

        Later on they realized that American workers weren’t all that bad, subsequent currency changes (weaker dollar, stronger yen) benefited US manufacturing, and the Japanese labor pool peaked in the 90s and is on the decline.

  6. Jason Y

    Trump will be bad for the world economy cause his stuff is coming too late in the game. The backlash will certainly destroy the economy and hurt the working class more than help it. For instance, what if Trump fucks up things to where Wal-Mart and dollar stores cannot sell cheap stuff anymore? That would massively hurt poor people.

    My statement sounds corny, but think about it. It’s very true.

    • Jason Y

      Basically, to sum it up, you can’t save Babylon. You just have to go a long with it until aliens or something get us out of it.

    • Another William Playfair Web

      I agree. I think in many aspects dialing back Globalization – in the manufacturing aspect – would be catastrophic.

      We are going to need highly/specialized skilled manufacturing here at home to save the day, but with the not so stupid Third World “mongrols” coming over that is sort of not helping the American worker.

      • Jason Y

        Jobs at home could mean higher prices. No more Wal-Mart of Dollar Store. In that case, the poor get hurt by high prices.

      • Jason Y

        By aliens, I mean outer space ones, not illegal ones. It would take a Cortez style Earth invasion to stop globalization.

  7. Another William Playfair Web

    Perhaps it’s because he is basically the nominee of the party – and Hillary isn’t quite yet, but the media is non-stop bashing Trump. The Judge, paying women less then men, more remarks on Muslims, it’s non-stop.

    The establishment is scared shitless of him, and justifiably. IF he does what he says he will do, and the U.S Economy tanks (to abruptly bringing back lesser-skilled factories from China), he will be deposed quite quickly. I mean, the world Economy is at stake.

    Americans just need more intricate manufacturing, get a jump on that, going back from say, outsourcing Oreos would be too catastrophic.

  8. Jason Y

    Trump is simply playing a marketing game: Shock first to gain attention, and then later tone it down to gain votes.

    • Another William Playfair Web

      Well, one would expect him to do that, but he’s not toning it down…….

      That’s perhaps the one indicator that he’s actually not that intellectually endowed. If he did try to reign himself in- where it counts, perhaps at this point go back to old Republican racial dog-whistles, it might be enough to play both sides of the field and win.

    • Another William Playfair Web

      oh lord. I’m gonna have a field day with those Trumpkins Cruz confronted.

      Cruz: “Trump is a fraud, here’s the facts”.
      Trumpkin: “Lyin’ Ted!” (proceeds to fling feces like an ape).

    • Another William Playfair Web

      Yes. But, the Clinton’s are Machiavellian. Always have been. From the beginning. Like the Underwoods

  9. Another William Playfair Web

    The Clintons are nearly all-powerful. I have faith, that they, with the backing of the neocons, the mainstream democrats, the sitting President, basically all American minorities, the Euro Zone (Cameron, Merkel actively threatened by Alt-Right people in their countries) will have enough tricks up their sleeves to stop Trump.

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