On June 26, 1996, while speaking in U.S. Congress, the Democratic Congresswoman Nancy Pelosi demanded raising of tariffs as well as reciprocity of tariffs. She was demanding then of the President of the United States "do something about this U.S. China trade relationship that is a job loser for the United States." Now, Nancy Pelosi and other Democrats decry raising of tariffs by President Trump. Apparently, Nancy Pelosi and the Democrats constantly change their opinions. In 1988, while appearing on Oprah Winfrey show, a young businessman Donald Trump decried trade imbalance with Japan and other countries and demanded that the United States be done with it and that those countries dumping their goods in the United States share the profits with the America. Trump did not change, as it happens constantly to the Democrats, and now when he can, he is doing something about the trade imbalances and lost jobs to Asian and other countries. Also, the Democrats and majority of the mainstream media sound alarm because of Wall Street dip in the stock value, yet it is obvious that stock valuation has nothing to do with profitability of the company. The Democrats and the media, by inflating the specter of financial crash, attempt to stop Trump Administration from remaking of the American economy.
Janusz Andrzejewski is a New York attorney, admitted to practice in 1993. You can contact him by telephone (212-634-4250) or, preferably, by e-mail at: janusz@januszandrzejewski.com
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