Friday, August 10, 2018
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Why the EU Won't Comply with Trump
At first blush, recent news indicates that Europe is moving in the right direction under U.S. pressure. At the recent NATO conference, countries in the alliance committed to up their defense spending -- somewhat. And the tentative agreement between Trump and European Union President Jean-Claude Juncker for the EU to move to free trade and to buy more U.S. LNG is also a good start. Juncker also said Europe will work with America on curbing China's theft of technology and intellectual property.
But let's be realistic. Words and promises are one thing, deeds are another. Countries in Europe have long promised to increase their military spending but few have and some have actually decreased their defense spending. As for LNG, what's the big concession? Energy-poor Europe needs it, and the U.S. has it. Same with addressing China's aggressive mercantilism; Europe suffers from it as does America.
On trade in general, Europe will find it hard, if not politically impossible, to open up. There are several reasons why aside from the natural tendency for people to want to keep whatever advantages they have had for a long time.
Europe's Structure
As wealthy as Europe may be, its budgets are stretched tight to support the welfare state it has created for itself since the end of WWII. Already, the Mediterranean countries of the EU are drowning in debt. The percent of debt to the GDP for Italy, Greece, Portugal, and Spain are 132, 180, 130, and 99 percent, respectively. And since these countries are yoked to the Euro, there's no way out for them.
These southern countries want Germany, the powerhouse of Europe, to bail them out. And although Germany is wealthy and actually runs a budget surplus, this won't happen. Germany is facing a demographic nightmare. It has one of the oldest populations on the Continent with a meager fertility rate of just 1.5 births per woman.
Demography is destiny, so it's only a matter of time before this affects German growth. The Germans know this and that they'll soon enough have trouble supporting their welfare state. This is why, aside throwing some crumbs to the Mediterranean countries, Germany will remain tightfisted. And financial prospects for Germany does not factor in the million or so uneducated and unskilled immigrants from Africa and the Middle East that are now domiciled in Deutschland. These new arrivals are people who seemingly can't or won't assimilate into a Western society. The delusional thinking of Frau Merkel and the German establishment is that Mohammad will step right in, replace Hans on the assembly line when Hans retires, and things will go on as normal. Good luck with that.
The demographic problem of an aging population also affects trade. Even now, before the full effect of the demographic collapse hits, exports account for 46 percent of the German GPD. This means Germany cannot consume what it produces. It must therefore export to maintain viability. And as the German and the European populations diminish further, this factor will only grow more pronounced.
The U.S. is a main market for German exports. In 2017, America ran a $63.3 billion trade deficit in goods with Germany and the trend is continuing into 2018. According to the U.S. Census Bureau, the goods trade with the European Union was $146.7 billion in 2016. Such trade surpluses, which help underpin Europe's prosperity, are possible only with Europe maintaining its unfair trade barriers to U.S. exports.
Inability to Compete
Although not openly admitted, Europe knows in its heart that it cannot compete with the United States on a level playing field. A trading system devoid of tariffs and other trade barriers would hurt the economies of Europe. The political and cultural attitudes of Europe are highly adverse to risk taking and the entrepreneurship needed to create innovations. One Chinese official looking at the world situation summed it up as America being a robust adult, China as a growing teenager, and Europe as a feeble old rich man. Sounds right to me.
The Europeans might give the appearance of moving to fair trade under U.S. pressure, but that's a smoke screen. In the end, they know that their societies, as presently structured, cannot afford it.
The socialistic mindset affects Europe deeply. Socialist countries cannot compete with capitalist ones. But more than that, it also influences how Europe looks at America. Europe sees the U.S. as tremendously rich in natural resources, wealthy, and powerful relative to them. Given how Europeans arrange their own societies, it is only natural that they feel it is America's duty to subsidize them in terms of trade and providing for their defense.
Sadly, most of the American foreign affairs establishment seems to agree with this sentiment -- a major reason why Donald Trump and his deplorable supporters are seen as an anathema to those 'experts.' And it must be noted, that subsidizing Europe (and China) on trade has not cost any of these elites anything, but it has helped devastate much of middle America.
What's Europe to do?
European strategy is clear. They dare not confront America directly. Instead, they will hunker down and engage in talks with U.S. trade officials, offering small concessions here and there. The real objectives of the talks will not be to work toward a resolution but to delay -- delay hoping for either a blue wave in November or a favorable finding in the Mueller witch-hunt that cuts Trump down to size. Europe's concessions are to appease Trump while he shifts his focus on China. Of course, Europe's fondest wish is for Trump to be repudiated in the 2020 election.
But even should 2020 bring defeat, Trump has opened a Pandora's Box on trade that cannot be closed. The points he has made about the inherent unfairness of the current trade system will not vanish. There will be adjustments in America's favor with or without Donald Trump in the Oval Office. Simply put, there can be no going back to the way things were.
Europe is in a fix. Sooner or later, it will have a stark choice to make: either radically reform its societies or suffer the consequences.
Two of the main points of contention between the European Union and President Trump are trade and military spending. Scrap away the rhetoric presented in the mainstream media, most of it reflexively anti-Trump, the fact is that what the president is demanding is nothing but what's fair and reasonable. As regards trade, Europe currently has significantly more barriers to our exports than America does to theirs. As for military spending on NATO, it is universally recognized that the United States carries the bulk of defending Europe.
At first blush, recent news indicates that Europe is moving in the right direction under U.S. pressure. At the recent NATO conference, countries in the alliance committed to up their defense spending -- somewhat. And the tentative agreement between Trump and European Union President Jean-Claude Juncker for the EU to move to free trade and to buy more U.S. LNG is also a good start. Juncker also said Europe will work with America on curbing China's theft of technology and intellectual property.
But let's be realistic. Words and promises are one thing, deeds are another. Countries in Europe have long promised to increase their military spending but few have and some have actually decreased their defense spending. As for LNG, what's the big concession? Energy-poor Europe needs it, and the U.S. has it. Same with addressing China's aggressive mercantilism; Europe suffers from it as does America.
On trade in general, Europe will find it hard, if not politically impossible, to open up. There are several reasons why aside from the natural tendency for people to want to keep whatever advantages they have had for a long time.
Europe's Structure
As wealthy as Europe may be, its budgets are stretch tight to support the welfare state it has created for itself since the end of WWII. Already, the Mediterranean countries of the EU are drowning in debt. The percent of debt to the GDP for Italy, Greece, Portugal, and Spain are 132, 180, 130, and 99 percent, respectively. And since these countries are yoked to the Euro, there's no way out for them.
These southern countries want Germany, the powerhouse of Europe, to bail them out. And although Germany is wealthy and actually runs a budget surplus, this won't happen. Germany is facing a demographic nightmare. It has one of the oldest populations on the Continent with a meager fertility rate of just 1.5 births per woman.
Demography is destiny, so it's only a matter of time before this affects German growth. The Germans know this and that they'll soon enough have trouble supporting their welfare state. This is why, aside throwing some crumbs to the Mediterranean countries, Germany will remain tightfisted. And financial prospects for Germany does not factor in the million or so uneducated and...
Kanye stands up to Kimmel’s grilling on Trump support: ‘Liberals can’t bully me’
Kanye West sat down with Weeping Jimmy Kimmel Thursday evening, marking his first appearance on “Jimmy Kimmel Live” in five years, and the rapper was adamant that he would not be bullied over his support for President Donald Trump.
The late night comedian, who missed his calling as a CNN reporter, commented on West’s wife, Kim Kardashian, meeting with Trump back in May to make a clemency request on behalf of a non-violent first-time drug offender serving life, to set up a cheap shot at the president.
“Were you ever concerned about her being alone in the Oval Office with President Trump?” Kimmel asked.
“Well, he is a player,” West joked, making light of the barb.
Not satisfied, Kimmel, a resident member of the Trump Derangement Syndrome crowd, asked his guest if he thinks Trump is a good president, but West wasn’t about to be put on the spot for supporting the president, or get drawn into a debate over his actions.
“Everyone around me tried to pick my candidate for me,” he said, “and then told me every time I said I liked Trump that I couldn’t say it out loud or my career would be over. I’d get kicked out of the black community because blacks, we are supposed to have a monolithic thought, blacks can only be Democrats and all.”
West said he had lost his confidence after being released from the hospital — the rapper, who has since revealed that he is bi-polar, was hospitalized in late 2016 for exhaustion — and explained that acknowledging his support for Trump marked a...
The late night comedian, who missed his calling as a CNN reporter, commented on West’s wife, Kim Kardashian, meeting with Trump back in May to make a clemency request on behalf of a non-violent first-time drug offender serving life, to set up a cheap shot at the president.
“Were you ever concerned about her being alone in the Oval Office with President Trump?” Kimmel asked.
“Well, he is a player,” West joked, making light of the barb.
Not satisfied, Kimmel, a resident member of the Trump Derangement Syndrome crowd, asked his guest if he thinks Trump is a good president, but West wasn’t about to be put on the spot for supporting the president, or get drawn into a debate over his actions.
“Everyone around me tried to pick my candidate for me,” he said, “and then told me every time I said I liked Trump that I couldn’t say it out loud or my career would be over. I’d get kicked out of the black community because blacks, we are supposed to have a monolithic thought, blacks can only be Democrats and all.”
West said he had lost his confidence after being released from the hospital — the rapper, who has since revealed that he is bi-polar, was hospitalized in late 2016 for exhaustion — and explained that acknowledging his support for Trump marked a...
Crying Activist Goes Viral for Blocking Deportation of Afghan, but the True Story Is Really Ugly
The Afghan man who was "rescued" had served jail time for assaulting his wife and daughters, according to the Swedish news website, Fria Tider.
On July 23rd, Swedish activist Elin Ersson refused to take her seat on a flight until the Afghan man was removed from the plane. She said she had heard that among the passengers onboard was an Afghan man who was being deported and that he would be killed if he was sent back to his native Afghanistan.
The video of Ersson's protest was watched by millions of people and was portrayed as an act of heroism. But Ersson later admitted she didn't know anything about the man.
The Afghan, who has not been identified, was convicted for beating his wife and children and served nine months in prison, according to Nyheter Idag, but this was reportedly not why he was deported.
He whipped his daughters with a cord and struck his wife so hard she fell to the floor, and then he reportedly grabbed her head and pounded it against the floor.
Meanwhile, Christian asylum seekers in Sweden are often the real victims of the nation's policy of deportations. CBN News has reported the shocking case of Aideen Strandsson who is actually facing life-threatening danger if deported to Iran.
Faced with a huge political backlash over its open door immigration policy, Sweden has begun sending some migrants back, even if it means certain torture or death; a violation of...
Why Does President Trump Always Hold His Rallies At Night?
Because We Are The Heart And Soul Of America.
Deported criminal illegal alien tries to sneak back in to molest kids in a church
I don’t agree with most of the criticisms of ICE and the Border Patrol, but let’s assume for the sake of discussion that maybe some of these criticisms are worth taking seriously. Does that justify the all-out attacks on these agencies, not to mention local police departments? The left wants ICE abolished completely. California Democrats want to make it impossible for police officers to defend themselves against lethal threats.
Apparently there is never a reason for either one to exist. No bad people sneak across the border! All immigrants are saints!
Well . . . maybe not all:
An undocumented immigrant and wanted sex offender has been arrested by U.S. Border Patrol agents and police in Detroit, officials said.
Authorities have identified the man as Yemaneh Gebremedhin, 53, an immigrant from Eritrea, a country in northeast Africa on the Red Sea coast.
Border Patrol officials said agents were called by the Detroit Police on Tuesday to help identify a man who had attempted to get into a Detroit church that has a child care facility. The facility’s workers denied the man entry because of his criminal sexual background and called police, the Border Patrol said.
Agents questioned the man and identified him as Gebremedhin, officials said. He was taken to the agency’s Detroit station to be processed.
Investigators learned Gebremedhin was convicted in 2015 of gross sexual imposition and was wanted in Cuyahoga County, Ohio, for failing to register as a sex offender.
They also learned he is in the United States illegally and was ordered removed from...
After Being Destroyed, Trump's Walk of Fame Star Multiplies
The effort comes from a conservative street artist who wishes to remain anonymous, but says he was motivated not only by the destruction of the president's real star, but also a recent unanimous vote by the West Hollywood City Council to recommend the removal of Trump's star due to accusations he has mistreated women.
The Hollywood Chamber of Commerce and Los Angeles City Council haven't weighed in on the matter, but those who oppose the proposal note that others in Hollywood who have also been accused of mistreating women still have stars on the Walk of Fame, most notably Bill Cosby.
The anonymous artist says he's not done with his mission to preserve Trump's star. "Rip up the president's Walk of Fame star or try to have it removed — like you're the mayor of West Hollywood or something — and 30 more will pop up," the artist tells The Hollywood Reporter.
The artist and his cohorts, who call themselves "The Faction" and are allies of prolific conservative artist Sabo, spent $1,000 on the stars, which they printed on sheets of floor vinyl with adhesive backing, and their mission was partially financed by "a young and anonymous entrepreneur."
The crew laminated the vinyl stars and placed them on blank squares on the Walk of Fame, though kept them covered until all were secured into place so that onlookers would not know exactly what was happening.
"I didn't want to get hit over the head from behind. We thought Trump Derangement Syndrome was a joke, but I'm pretty sure it's real," the artist...
The 90 Miles Mystery Box: Episode #344
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
from the mysterious to the familiar.
If you decide to open it, you could be disappointed,
you could be inspired, you could be appalled.
This is not for the faint of heart or the easily offended.
You have been warned.
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