Posts Tagged ‘Chinese’

Trump Demands China Send U.S. Money, Not iPhones

President Trump in this file photo expresses disgust that he's stuck with a smartphone when he could have a fistful of dollars instead.

President Trump expresses disgust that he’s stuck with a smartphone instead of a fistful of dollars.

(2018-07-06) — As the trade war escalated between the United States and China following enactment of U.S. tariffs on some Chinese-made imports, President Donald Trump today mulled a full ban on imports of iPhones and other smartphones, insisting instead that China “send us real money.”

“We have a $375 billion trade deficit with China,” Trump said. “That means that we send them genuine dollars, and all we get in return is stuff — like iPhones. From now on, when we send them dollars, we want them to send us the same number of real dollars in return. That’s the only way to truly, truly balance the trade deficit.”

As economists have long known, paper money, and its electronic equivalent, hold intrinsic value. Objects like iPhones, steel pipe, or running shoes, are mere symbols of value that facilitate the exchange of tangible dollars. The president campaigned on boosting U.S. holdings of intrinsically-valuable currency, while also increasing how long U.S. consumers must work to afford ephemeral products, which are backed by nothing more than faith in their utility.

“To get more, and better-paying, jobs in the USA,” Trump told a rally in Detroit last night, “we need to drive up the cost of what Americans buy, so that they can get second jobs, and demand higher wages. Isn’t that why you elected me? More jobs. Higher wages.”

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Obama: Sasha & Malia Deserve Massive Debt Burden

President Obama shares parenting tips with ABC's George Stephanopolous. "We're loving but firm," Obama said. "Sasha and Malia know that disobeying your parents has consequences. When they push us too far, Michelle or I will just tell them, "That's it. No more American Dream for you."

President Obama shares parenting tips with ABC’s George Stephanopolous. “We’re loving but firm,” Obama said. “Sasha and Malia know that disobeying your parents has consequences. When they push us too far, Michelle or I will just tell them, “That’s it. No more American Dream for you.”

President Obama on Tuesday told ABC’s George Stephanopolous that Americans should not feel sorry that their children will be stuck with more than $16 trillion in debt, noting that: “I have two teenage girls. I know how it is. They can get a little mouthy and disrespectful sometimes.”

“Sasha and Malia are getting to that age where they think they know everything,” Mr. Obama said. “So Michelle and I have made a decision as parents to, you know, if they’re so smart — let them figure out how to pay down the national debt.”

The Obamas have experimented with a variety of discipline methods from ‘time out’, to grounding, to taking away electronic devices for a few hours, but the president said, “Nothing we’ve tried has the lasting effects of a lifetime of crushing tax rates, crumbling infrastructure and bankrupt entitlement programs. We call it ‘tough love’.”

The president said he’s tired of Republicans talking like the next generation is “a bunch of little angels who never disobey, and who need to be protected from the consequences of their misbehavior.”

“If the kids can’t obey their parents,” Obama said, “maybe they can do without the America dream for a generation or two. That’ll teach them.”

The president added that when Sasha and Malia complain about this form of discipline, he and the First Lady, say, ‘If you think we’re harsh, wait until you’re living under Chinese communist rules’.”

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