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Thursday, October 20, 2016

Third Debate Post Mortem

While the rest of the media falls into yet another Trump Trap (OMG!! He's not going to accept the results of the election), I'd like to focus on a few other items from last night.

Donald Trump said "We're not making things anymore, relatively speaking." Well, the relativity dial must be broken because US factory production has more than doubled since 1979. The problem is that computerization has taken the place of the human worker. That's simply the free market doing its thing and if you are one of these workers, time to get a college degree or be retrained in another line of work.

Hillary Clinton would add more than a penny to the national debt...about $200 billion dollars over 10 years. That's what independent analysts have said of her economic plan. Donald Trump's plan would about $5.3 trillion dollars to the debt with all of his tax cuts.

I could give two shits that Hillary Clinton wants an open, global market, for energy or any other economic sector. Free trade prevents wars. Period. If we go back to protectionism or mercantilism, we raise the risk of blood conflicts again as we saw in World War I and World War II.

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