Saturday, August 24, 2019
TKC MUST READ!!! SOBERING KANSAS CITY HOT TAKE ON CHINA TRADE WAR!!!
A really thoughtful, entertaining and informative note from a TKC blog comment fave on trade talk and the road ahead . . .
Chuck: The Epic American Hangover And A Chance To Heal
In my "Salad Days" I rode Harley's though the wind and cocaine and booze through my wallet. Many was the morning, I woke up and tried to remember where I was, where I had been and what had happened to all that money.
America, is HUNG OVER!
The U.S. is 21 Trillion Dollars in debt. There is a straight line reference from that debt to the parasitic relationship we have endured for the last 19 years in hopes of Chinese "Normalization". Many if not most of the 70,000 factories and 7,000,000 jobs were lost by way of the U.S.-China Trade Relations Act Of 2000. Presidents, since that time, have accepted the constant dissimulations and flat out lies from the Chinese in hopes that Democracy would find roots and flourish in a post Mao "Middle Kingdom". Every President from Bush II, through Obama and now Trump has promised to fix the dramatic 800 Billion Dollar A Year Imbalance Of Trade, yet, until today, it remained a velleity.
Hope sprang eternal, yet, we should have known, especially after Tiananmen Square, it was a pipe dream full of Fentanyl. A fissiparous relationship in the best of years, our pain, our money and our decline was fungible and translated into the rise of an enemy who thinks in terms of "The Art Of War", while we parroted the worst efforts of Neville Chamberlain.
The hierarchy of suffering, over the last 20 years, has been egalitarian. While Wall Street got rich, Main Street was gutted for cheap labor, cheap products and the hopes of the declining middle class, that they could somehow latch onto a job that paid enough for a slice of the 401K pie. Thanks Wall Street.
We should, in the face of the lies that will now come - a tendentious, repetitive narrative that is confirmation bias catnip to fools, realize that there is no division here. NONE. This Tariff War, MUST be seen through to the end. Americans MUST be able, once again, to acquire good jobs at decent wages that promise a better life for their families. Grab a handful of aspirin, get on the bike and drive into the sun pal, it ain't gonna be any walk in the park.
Let us pray, that some of the steel, that lived in your father and grandfather's back, lives in your spine this day. Chasing the economic dreams inspired by the Chinese Chimera is no longer an option.