Wednesday, August 12, 2015

China's Economic Crisis;Businessman Trump Or Zero Capability Hillary?

China, after advising they would only devalue once turned around and devalued a second time, causing economic chaos across the world. Whether this action will lead to a major economic slump is to be seen, but what it does point out is that a grossly over-leveraged world is poised on a clifftop with a gaping chasm below.

With the presidential campaign well under way this economic shock should give pause and bring a moment of considered reflection. The obvious question that arises is "who would be best able to deal with an major economic crisis?"

I'm afraid to say to all the media Beltway pundits that their attacks on Trump have all just exploded into nothingness in the face of economic reality. Their childish concentration on things like Megyn Kelly's "bleeding"  is an idiotic distraction when it is a time for the grown-ups to step up  the plate.

We are now faced with the reality of what affects the person in the street-their income, their jobs, their mortgages i.e. all the important financial things. 

To think that Hillary Clinton or Jeb Bush or Scott Walker or Carson/Huckabee/Rubio et al would be in any way as capable as Trump in dealing with those matters in a crisis is preposterous. As for Fiorina, her career at HP also makes the comparison ludicrous.

America has been down this path before. When the 2008 crisis hit President Bush looked like a deer in the headlights. McCain ludicrously suspended his campaign to attend to the crisis, and then had nothing to offer having no understanding of financial complexities. 

With no one else to turn to the country voted in a "Mr.Cool in a crisis no drama Obama" community organizer with no financial management experience-and here we are.

Donald Trump responded, with the voice of a prophet and the voice of experience, to the Chinese devaluation in a manner that it would be ludicrous to expect from any other of the 21 or so candidates to respond:

"Republican presidential candidate Donald Trump on Tuesday said China's devaluation of the yuan would be "devastating" for the United States as the global currency war entered a new and critical phase.
"They're just destroying us," the billionaire businessman, a long-time critic of China's currency policy, said in a CNN interview.

"They keep devaluing their currency until they get it right. They're doing a big cut in the yuan, and that's going to be devastating for us."

Earlier on Tuesday, China devalued its currency following a series of poor economic data in the yuan's biggest fall since 1994. Some said this could signal a long-term slide in the exchange rate.
China has been a frequent theme for Trump since he entered the 2016 presidential campaign, promising to be a tougher negotiator with Beijing in order to bolster the U.S. economy.

"We have so much power over China," he told CNN. "China has gotten rich off of us. China has rebuilt itself with the money it's sucked out of the United States and the jobs that it's sucked out of the United States"

It's time for the media to become responsible, and instead of blindingly rant and rave over Trump to take on board the real and present dangers facing the American economy and judge him, and his opponents both in the GOP and the Democratic party on the merits of their experience and prescriptions not trivial pursuits.

If this crisis deepens today may well mark the reality of President Trump 2016 as there is nobody else with the gravitas and capability to deal with it.

 I would confidently predict that if anything like this current crisis hits a week or so before the presidential election and Trump was the nominee he would win in a Reagan type landslide

I've addressed the importance of Trump to the GOP and to the economy and the American people in two articles which further expand on the need for his capabilities in Government.   LINK  and LINK

President Trump;A New "The Business of America Is Business" Coolidge?

GOP Ran A Businessman Like Trump Before To Greatest Vote Success

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