Decker, an expert on Asia and the bestselling author of Bowing to Beijing: How Barack Obama Is Hastening America’s Decline and Ushering a Century of Chinese Domination, joined Friday’s edition of SiriusXM’s Breitbart News Tonight with Breitbart News’s Executive Chairman Stephen K. Bannon and Senior Editor-at-Large Rebecca Mansour.
“The leading indicator, when you dig into the data on why consumer confidence is high, is because people are anticipating higher wages,” said Decker. “The economy and consumer, they work logically. … What you’re seeing [are] the consequences of positive policy.”
President Donald Trump’s economic policies incentivize economic investment in America, said Decker, noting the mobility of capital in the modern era. “Businesses and consumers are [responding] logically” to the Trump administration’s economic policies, he added.
Decker rejected narratives crediting former President Barack Obama’s economic policies with recently developing economic figures during Trump’s presidential tenure, framing such assertions as “absolutely crazy”: “You look at the unemployment numbers, and it’s 4.1 percent. I look at Obama and Bush kind of combined, when I look at their block of sixteen years. Anyone that says this is inheriting some kind of Obama economy, he had eight years, and in 2010, the unemployment rate was 9.6 percent, absolutely crazy. … This idea that it has anything to do with Obama is absolutely crazy.”
Dropping unemployment rates, said Decker, will not be welcomed by all persons or interests. “Big business” interests, he said, prefer higher rates of unemployment given their depressive effects on wages. He also praised Trump’s emphasis on expanding domestic manufacturing. “When there are fewer people looking for jobs, you have to pay those few people more to take those jobs. What scares me about this is big business … seeing the unemployment numbers go down, and they’re like, ‘Oh, no. We’re going to have to pay these people more. We better call Paul Ryan and get him to flood us with cheap immigrant labor.’ So not everybody who looks at these numbers gets excited. There are different kinds of reactions.”
Decker went on to say that “one of [his] favorite things that Trump has done [was when] he was with some of the automakers, and he pointed to the head of Toyota of America, he said, ‘You have to build plants here.’ Within a short period of time, Toyota canceled a factory they were building in Mexico and said they were going to put it in the U.S., instead. What is that, a few thousand extra...Read More HERE
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