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Robert Reich | Trump's Habit of Cozying Up to Dictators Only Makes America Weaker
Robert Reich, Robert Reich's Facebook Page
Reich writes: "Politically, Trump's blast at Germany is stupid. Germany is now the most powerful democracy in the world, and our most powerful ally in Europe. Rather than cozy up to dictators, Trump would serve America's interests better by cozying up to our friends."
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Robert Reich, Robert Reich's Facebook Page
Reich writes: "Politically, Trump's blast at Germany is stupid. Germany is now the most powerful democracy in the world, and our most powerful ally in Europe. Rather than cozy up to dictators, Trump would serve America's interests better by cozying up to our friends."
READ MORE
his morning, Trump tweeted that the United States has a “MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change.”
Rubbish.
Trump is just trying to get even for the negative things Angela Merkel and the German foreign minister had to say about him over the weekend -- which were entirely justifiable. Trump’s refusal to endorse NATO’s famous Article 5, the guarantee of mutual defense, at the NATO summit, combined with his refusal to join the Paris climate accord, made his trip a catastrophe.
As to Trump's morning tweet, he's wrong both on substance and on politics. Substantively, Trump (and his obtuse trade adviser, Peter Navarro) assume Germany wants a weak euro when, in fact, Germany has been critical of the European Central Bank’s quantitative easing policy that’s helping hold down the euro.
Germany also saves a big chunk of what it earns, resulting in more money flowing out of Germany in search of investments around the world (capital outflows) into places like the United States. So the real issue is capital flows, not trade. And it’s not all bad for America.
Politically, Trump’s blast at Germany is just as stupid. Germany is now the most powerful democracy in the world, and our most powerful ally in Europe. Rather than cozy up to dictators, Trump would serve America’s interests better by cozying up to our friends.
What do you think?
Flynn to Provide Documents for Russia Investigation After Initially Refusing
Tom LoBianco and Phil Mattingly, CNN
Excerpt: "Former national security adviser Michael Flynn will provide documents requested by the Senate intelligence committee - including an initial batch by June 6."
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Tom LoBianco and Phil Mattingly, CNN
Excerpt: "Former national security adviser Michael Flynn will provide documents requested by the Senate intelligence committee - including an initial batch by June 6."
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How Congress Dismantled Federal Internet Privacy Rules
Kimberly Kindy, The Washington Post
Kindy writes: "The FCC privacy rules were among the first of more than a hundred regulations and laws being targeted for elimination or massive overhaul by Trump and Republican members of Congress who want to dismantle Obama-era regulations they view as burdensome."
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Kimberly Kindy, The Washington Post
Kindy writes: "The FCC privacy rules were among the first of more than a hundred regulations and laws being targeted for elimination or massive overhaul by Trump and Republican members of Congress who want to dismantle Obama-era regulations they view as burdensome."
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What Is Covfefe? Trump Baffles With Late Night Twitter Post
Elle Hunt, Guardian UK
Hunt writes: "The tweet left many of Trump's 31 million followers on Twitter baffled and concerned."
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Elle Hunt, Guardian UK
Hunt writes: "The tweet left many of Trump's 31 million followers on Twitter baffled and concerned."
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Immigrant Deaths in Private Prisons Explode Under Trump
Justin Glawe, The Daily Beast
Glawe writes: "One man killed himself after 19 days in solitary confinement, days before another man died of heart failure."
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Justin Glawe, The Daily Beast
Glawe writes: "One man killed himself after 19 days in solitary confinement, days before another man died of heart failure."
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80 Dead, 350 Injured in Kabul Blast
teleSUR
Excerpt: "Civilians are said to make up a large number of the casualties. The bomb, which struck near the German embassy in Zanbaq Square, was so strong it blew out windows and doors hundreds of meters away."
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teleSUR
Excerpt: "Civilians are said to make up a large number of the casualties. The bomb, which struck near the German embassy in Zanbaq Square, was so strong it blew out windows and doors hundreds of meters away."
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Ocean Species Are in Trouble: US Coral Reefs Could Disappear Within Decades, Scientists Warn
Janice Williams, Newsweek
Williams writes: "Global warming is taking its toll on coral reefs in U.S. waters, and many of the marine sanctuaries near Hawaii, Florida and the Caribbean are expected to disappear within a few decades, according to scientists at the National Oceanic and Atmospheric Administration (NOAA)."
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Janice Williams, Newsweek
Williams writes: "Global warming is taking its toll on coral reefs in U.S. waters, and many of the marine sanctuaries near Hawaii, Florida and the Caribbean are expected to disappear within a few decades, according to scientists at the National Oceanic and Atmospheric Administration (NOAA)."
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