Saturday, March 18, 2017

The Great Recession Redux

via Democratic Underground:
Treasury Secretary Steven Mnuchin, appearing at a gathering of economic ministers and central bankers from the 20 largest economists, rebuffed multiple entreaties from German officials to include in the meeting’s joint statement language stressing the importance of free trade and that it should be conducted in a “rules based” manner, following existing standards and agreements.

By rejecting language that would have said the U.S. is opposed to protectionism, the White House sent a clear signal that it would not accept existing trade norms and could pursue a more antagonistic approach with trading partners around the world. Such language has been considered ordinary and uncontroversial in recent G-20 meetings.

I was afraid of this. Look for high consumer prices in the years to come. And it's not like our economy really needs this what with all the citizens who can barely afford Walmart's shit now. Fuck!

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