Born to do Math 78 – Born Not to do Math
Author(s): Scott Douglas Jacobsen and Rick Rosner
Publication (Outlet/Website): Born To Do Math
Publication Date (yyyy/mm/dd): 2018/03/15
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Rick Rosner: So, this is more like born to not do math in the case of our president who talks about how he went off to Wharton which makes you think if you’re an American that he got an MBA from Wharton. He actually doesn’t have an MBA; he doesn’t have an advanced degree in business, he went to Wharton as an undergrad.
Wharton is a branch of the University of Pennsylvania and unless you’re trying to be deceptive you just say you went to UPenn, but he wants people to kind of think he’s an MBA. So, he says he went to Wharton, so the bullshit starts right there.
And then his lack of business understanding doesn’t begin with this tariffs thing that we’re right in the middle of, it probably begins with him bankrupting three casinos. It’s really hard to bankrupt a business where people just come and they give you their money but he did it three times though he is clever enough to have sucked out a bunch of money for himself before the casinos went bankrupt and lost 99% of investor’s money.
Anyway, this tariff thing is a huge move that is going to according to anybody who’s knowledgeable about business and economics will harm us and possibly the rest of the world by setting up all sorts of trade barriers and possible trade wars. Gary Cohn who’s his economics adviser had threatened to quit months ago because Gary’s Jewish and Trump was kind of supporting white supremacists and Nazis but he was persuaded to stay.
But now, Gary Cohn; one of the few people who knows what he’s doing in the White House is now quitting because he thinks the tariffs are so stupid as does just about everybody else and some numbers.
Trump wants to impose a 10% tariff on foreign aluminum, 25% on foreign steel; he thinks this will revitalize domestic aluminum and steel industries. Everybody’s saying no but those industries changed forever especially in the way of going away 30 years ago and you’re not going to bring back industries that went away 30 years ago.
Currently, there are three hundred and one thousand steel and aluminum workers in America but the tariffs could raise prices for hundreds of millions of Americans and could lead to reduced sales, increased prices, and reduced business.
The last time in 2002 that we try to tariffs on I believe steel under George W Bush, it cost the U.S two hundred thousand jobs before people realized it was a terrible idea and rescinded the tariffs. This latest round of tariffs, if they go through, it’s estimated that they’ll cost America maybe around a hundred and eighty thousand jobs.
So, there you go; born to not be able to really do math but to be able to demagogue in the case of our president.
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