Monday morning, Asian stock markets plummeted and China’s currency plunged to an 11-year low following the latest tariffs on China announced Friday by President Trump. And lo and behold, China is suddenly ready to seek a “calm end” to the trade war. Trump said he got a call from Chinese officials expressing interest in getting “back to the table.” He said, “They want to make a deal. That’s a great thing.”
Treasury Secretary Steven Mnuchin told reporters Sunday that if "China would agree to a fair and balanced relationship, we would sign that deal in a second." Sounds like they might be ready to agree.
But then there’s also this, from the Fox News account:
“Stephen Innes, a managing partner at Valour Markets in Singapore, compared the difficulty of assessing the volatile market situation to reading tea leaves. ‘Nobody understands where the president is coming from,’ he said, adding that the best thing Trump can do for market stability is to ‘keep quiet.’”
With all due respect, keeping quiet and valuing market stability over American workers is what led to decades of China ripping off the US. Trump is playing rope-a-dope, and it’s working. I suspect these same geniuses would have advised Muhammad Ali to just stand still and let his opponents punch him until their arms got tired.
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For those keeping track:
Friday, Massachusetts Rep. Seth Moulton became the fourth Democrat to drop out of the Presidential race, following Eric Swalwell, John Hickenlooper and Jay Inslee. Moulton must have realized he had no chance when he announced he was ending his Presidential race, and the first question he got was “You were running for President?”
Meanwhile, Joe Walsh (the former one-term Illinois Representative, not the Eagles guitarist) announced that he will challenge Donald Trump for the Republican Presidential nomination. (Former Massachusetts Gov. William Weld is also challenging Trump, even though I imagine Trump would hardly describe their campaigns as “challenges.”) Walsh declared that we “can’t take four more years of Trump,” which prompted Twitter followers to ask what we can’t take four more years of: low unemployment, a booming economy, putting America first in trade deals, what?
Since all he mentioned was “lies and drama,” he could just as easily have been talking about replacing Chris Cuomo at CNN, which, frankly, he’d have a better shot at.
Kurt Schlichter has a new column on the sheer, shrieking panic that will grip the left if Supreme Court Justice Ruth Bader Ginsburg dies or steps down while Trump is still in office to name her replacement. It will likely make the Brett Kavanaugh hearings looks like high tea at Buckingham Palace.
I also appreciate that Schlichter pointed out one of the big differences between conservatives and current “Progressives,” who can no longer call themselves “liberals” (they’re not really progressive, either, since there’s nothing progressive about wanting to revive policies that have failed miserably for over a century.) That difference is that when David Koch died, there was widespread glee and celebration on the left. They actually celebrated the death of another human being, just because they didn’t like his politics.
But when it was revealed that Ginsburg was treated for pancreatic cancer, there was no outpouring of glee or death wishes from the right. That would be disgusting and reprehensible. We would all like to see her step down because of the damage her views have done to the Constitution, but because she is a fellow human being, we pray for her full recovery and that she enjoy a long and healthy retirement.
As the rabbi said in “Fiddler on the Roof” when asked if there was a proper blessing for the Tsar: “Of course! May God bless and keep the Tsar...far away from us.”
To me, one of the most astounding things about the current, ever-more-leftward Democrats is that they have an unshakable belief in the effectiveness of policies that have proven to be massive, tragic failures everywhere they’ve been applied…yet they steadfastly refuse to consider alternatives that are proven winners if they don’t fit the “giant government program” model. Why, it’s almost as if their real goal were just expanding the size and power of government, not solving the problem!
Recently on my “Huckabee” TV show monologue, I outlined what I would do about the problem of providing everyone with quality, affordable health care. Unlike some strict free marketeers, I believe there is a role government has to play, but it’s in helping to subsidize only those who are truly in need and facing catastrophic medical costs. Even then, I think it’s important that wherever possible, people pay at least something toward their health care, because having some “skin in the game” insures that they aren’t completely oblivious to how much their care costs, a situation that drives up prices for everyone.
Well, anyone who truly cares about improving health care while lowering prices needs to read this op-ed by economics Prof. Sean Masaki Flynn, author of “The Cure That Works: How to Have the World’s Best Health Care at a Quarter of the Price.”
Flynn says that with just two market-based reforms, we could have high-quality universal health care for a quarter of what we’re now paying. Unlike the pie-in-the-sky promises of “Medicare For All,” these are reforms that have actually been tried by companies and governments and found to work, and both involve giving more control to consumers, not government. I’ll let you read about them at the link, but suffice to say that one of them is the reason why LASIK eye surgery is now far better than it was when it was introduced in the 1990s at a quarter of the cost, while a knee replacement can cost more than you paid for your house in the 1990s.
To anyone who still clings to the notion that only government-run, single-payer health care works, I’d point out that every state that’s tried it has quickly reversed it when the costs skyrocketed “unexpectedly” (and that includes Bernie Sanders’ home state of Vermont.) Meanwhile, Prof. Flynn notes that Singapore is the only nation that has instituted both of these market-based reforms, and they have some of the best health care in world, available to everyone, for a cost that’s 77% less per capita than the US. All it takes is letting people have a little skin in the game.