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Wednesday, February 20, 2019

Watch Ivanka Trump’s Mortifying Moment During Merkel’s Speech In Munich

The Munich Security Conference on Saturday drew a lot of attention as Vice President Mike Pence’s fiery calls for Europe to stand with President Donald Trump was awkwardly met with zero applause whatsoever.

But another moment that was awkward for the president came when German Chancellor Angela Merkel delivered a scorching condemnation of the U.S. trade war and Trump’s daughter Ivanka, sitting in the crowd, could only look on in stone-cold silence as the leader of one of America’s major allies ripped her father’s economic policy to pieces.

“Apparently, the American secretary of trade says German cars are a threat to America’s national security,” said Merkel.…

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Trump’s ‘Eighth Wonder’ FoxConn Deal Crumbles

Reprinted with permission from Shareblue.

 

As has happened so many times in his past, a deal announced by Trump has completely collapsed into a humiliating mess.

Foxconn will not be building a mega-plant in Wisconsin to make advanced liquid crystal display panels. “In terms of TV, we have no place in the U.S.,” Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters.

The announcement is a complete reversal from the grandiose promises Trump made about the jobs and manufacturing boom the Foxconn deal he put together would bring to the country.

In July of 2017, Trump hosted Foxconn at the White House to announce the deal, which he described as “a major jobs announcement.” Later he cited the announcement as part of how in his first year he was “making America great again.”

Back in June 2018, Trump was the ringleader in a loud public ceremony to announce the facility, which he said would be “the eighth wonder of the world.” The Foxconn complex would be an example of how his administration was “reclaiming our country’s proud manufacturing legacy,” the serial financial failure announced.…

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On Economy, Trump Is His Own Worst Enemy

Reprinted with permission from Creators.

 

It was a long, slow climb from the depths of the Great Recession to the sunny meadows of prosperity, but in 2018, the U.S. economy reached it. A rare combination of strong growth, full employment, low inflation and rising wages combined to create a blissful sense of security and optimism.

“Sweet spot” is the term that fit the moment. Through the course of the year, consumer confidence was the highest it had been since 2000. Businesses were making money; the stock market was soaring; taxes were down; and workers were finally getting raises. “We are the hottest economy in the world right now,” exulted chief White House economic adviser Larry Kudlow in October.…

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