DON'T PANIC. IT COULD BE A WONDERFUL LIFE
It's A Wonderful Life is one of my favorite movies of all time. During the recent controversy over Trump's tariffs I have thought a lot about a certain scene in this movie. The scene where there is a run on the Bailey Savings and Loan. Panicked credit union members are demanding to withdraw their money out of their accounts. Which would mean the ruin of not only the credit union but the citizens of Bedford Falls in the long run. They would lose any opportunity to own their own homes and would be at the mercy of Old Man Potter. The arch villain or the George Soros of Bedford Falls. Potter owned most of the town but was irritated because he couldn't take ownership of the Savings and Loan. It was the only thing standing between him and total power over the people. George Bailey begs them to reconsider. He tells them that they are selling and Old Man Potter is buying. America is the Bailey Savings And Loan. If we go down the world will become Pottersville.
The tariff issue has produced a lot of fear and uncertainty even among Trump supporters. Before Donald Trump I did not believe in tariffs. I studied Adam's Smith's "The Wealth Of Nations" and from that time on I have been anti-tariff. In a perfect world there should be free trade. Trade, however; should not only be free but fair. Until Trump came along I didn't really realize how much America has been getting screwed by the world on trade. Globalism has killed American manufacturing and has transferred massive amounts of wealth out of this country. The wealth gap has also grown larger between the wealthy and the average citizen. Wealthy billionaires love globalism because they are the largest benefactors from it. At the beginning of Trump's first term I was initially against Trump's tariff's until I realized that his tariff's were temporary and a bargaining tool to improve America's economic well being. Trump took an anemic economy from Obama and turned it into one of the best in American history. Biden left Trump with an economy ten times worse than Obama's economy. It is going to take longer to fix this economy but I am confident that Trump is on the verge of doing that. I am not as fearful as others because I think Trump is ten steps ahead of everybody else. Hopefully I am not wrong but I feel good about our economic future.
China is already blinking and seem on the verge of making a deal. Of course we can't underestimate how evil they are. Although Fauci and other American's developed the Covid virus it was China that released it from the Wuhan lab in order to keep Trump out of office in 2021. They could release another biological attack on us, a cyber attack or who knows what else. This is the same country that killed between 50 and 75 million of it's own people during the 1950's and 60's. So we can't underestimate them but I think it is in their interest to work out a deal with us. They have more to lose than we do. Trump is on the verge of reversing years of horrible economic policy that stretches back to Ronald Reagan. We could be on the verge of truly making America the wealthy country of my youth. That same economic juggernaut that won WW2 and helped our allies survive the onslaught of the Germans and Japanese. The country that created the largest and wealthiest middle class in the world. Trump is George Bailey of the Bailey Building And Loan. He is the path to the future. Or we can believe Old Man Potter aka the CCP and the Democrat party and turn America into the nightmare vision of Pottersville. If we panic Old Man Potter wins.
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