Trade

Pretty much every time the dotard tweets it makes you shake your head.

The point is that he seems to believe a lot of what he tweets even when it is obviously wrong.

In fact one wonders how he can be so wrong so often, but then again a lot of other people ate getting like that too.

There really are only two major positions on trade, one is to have unrestricted free trade with other nations and the other is to restrict it.

Economists would argue that the first is the better strategy with maybe a few limited exceptions.  The reason is that is allows the most efficient producer to sell the most products leading to the most efficient us of resources.

The protected trade position ends up keeping inefficiencies in the system as they are protected form competition.

It may be a worthwhile policy, on a limited basis to protect a new business until it can mature by giving it favorable access to your domestic market, understanding that it will cost your people more, at least in the short term.

It doesn't seem like the dotard has a clue about trade and seems to think the way it gets measured is by who sells the most, "the winner" of the deal.

So when cheap foreign manufacturers ended up selling more to us, at least on the surface, the dotard feels it is a bad deal.

It is almost inevitable that in most circumstances foreign countries will sell us more products than we will sell them for the simple reason that our economy is so much bigger.  We are the jackpot market and we just buy more than anyone else.

Of course, being wrong about a fairly complex issue isn't the worst thing, one would think he would have economic advisers who could explain it.  They aren't the people on the Faux Channel though.