Saturday, January 07, 2017

Quote of the day: corporation interest in strong dollar

"The reason that our government doesn’t intervene to push down the value of the dollar is that powerful U.S. transnational corporations like Wal-Mart prefer a strong dollar because it makes imports and overseas labor cheaper for them.”

“Will Trump outdo Obama in handling US-China: No: Even before taking office, Trump has made a mess”
- Mark Weisbrot, Duluth News Tribune, 2016-01-07

The “other side” is “Yes: His policies will protect our allies, economy, citizens from Chinese bullying”
- Pete Hoekstra

Why does so much writing, politics, and whatever have to be either/or?  There are so many more considerations than “either side” puts forth.

In support of Weisbrot, I’d cite “You can catch more flies with honey than with vinegar.”  Also, Republicans have turned the Constitution upside down so many times; in this case they have replaced Congress has the power to regulate commerce among the states to commerce having the power to regulate Congress!!

I wonder if any other democratic nation has as many “pariah” states as the United States: Cuba, North Korea, and Iran.  Yet we support many broken or rigid states far worse than Iran.