Why Trump's Policies have the Globalist Elites in TOTAL PANIC!

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well it looks like the decades of globalist fairy tales and shiny promises might be coming to an end with President Trump’s tariff bombshell The elites who benefited by far by far from the globalist system are now freaking out because a gravy train is about you know it’s running off the track and into the side of a mountain And it’s about time quite honestly because for far too long this commitment to globalization has caused the slow painful gutting of our core in this country the middle class the factory towns the regular people who built this country with their own hands Well NAFTA kicked this slow decline off but it was just the appetizer for a globalized freefor-all that followed in the 2000s Even in his speech when he signed NAFTA President Clinton seemed in a rush to get the globalization part of the plan A historic worldwide trade pact one that would spur a global economic boom is now within our grasp We must not squander this opportunity I call on all the nations of the world to seize this moment and close the deal on a strong GAT agreement within the next week Okay so in the early 2000s this new global trade strategy exploded left American workers holding an empty lunch pale And guess how much the trade deficit was last year with the European Union alone $235 billion That is not a trade deal That’s That’s France A surrender Our trade deficit with Europe hasn’t dipped below hundred billion dollars since 2011 You sensing a trade here with all the trade deficit numbers does it make more sense now why President Trump is trying to reset the trade chessboard okay So let me go back now to 1972 President Nixon comes and he makes his famous trip to China which is you know a backwater nation at best At the time the Chinese were riding bicycles rationing rice China was an isolated country international much like North Korea today It was a pariah So Nixon goes and shakes hands with Mao who probably had to wipe all the blood off of his hands first from murdering so many of his own people And suddenly the door was cracked open for trade with China Now you could argue this was this was good This was a decent cold war strategy because it eventually helped bring down the Soviet Union And it did for a while open China up in a good way But no one could have predicted what cracking this door open would lead to Fast forward 2001 another pivotal moment in globalization history China joins the World Trade Organization The WTO membership required China to lower tariffs remove trade barriers open markets which created an explosion in trade with the US but not balance trade Far from it Hey cheaper things coming your way We stop The year China joined the WTO the US imported 102 billion in goods from China In 10 years that number has more than tripled to 365 billion And our trade deficit with China it also tripled over the same period to $273 billion Last year the deficit was $295 billion By far our light largest trade deficit with any nation And America’s overall trade deficit with all countries was a record $1.2 trillion Just last year the fourth year in a row we had hit a deficit over $1 trillion So what is the fallout from this massively lopsided trade with China alone well according to 2016 the study by economist at MIT during the first decade after China joined the WTO the growth of imports from China cost us 2.4 million jobs 985,000 of those just from a factory floor And get this the study concluded and I quote "Internal trade tends to make lowskilled workers in the US worse off not just temporarily but on a sustained basis." Now how is that not plastered in on the office walls of every congressman in Washington DC one of the studies authors explained quote "It certainly is the case that trade contributes to certain lowerpric goods and services and on the average it lowers the cost of living But for a displaced worker the fact that things are 10% cheaper at Walmart is not making up the fact that they are not employed Trade should increase GDP on aggregate but it’s going to produce winners and losers." This is what Trump is talking about For far too long our leaders especially on the left have been way too comfortable with ignoring the losers in this equation And who are they they are the displaced workers that have gravitated now toward Donald Trump because he actually pays attention to them The elites are like "Whoa where’s all this discontent coming from?" From the people in the middle of the country who you despise That’s where it’s coming from What does this displacement of American workers look like on the ground i’ll show you It’s America’s rust belt It’s devastation Let me show you a couple things Gailsburg Illinois Once the home to May tag a factory known as Appliance City It employed 5,000 people The last refrigerator rolled off the assembly line there in 2004 Now the site just rubble and weeds Youngstown Ohio Once a proud hub of American steel churning out beams that built our skyscrapers until China’s chief steel flooded in Plant shut down Jobs vanished Youngstown has lost 60% of its population since 1970 50,000 residents left between 2010 and 2012 Gary Indiana used to be the site of the US Steel’s largest mill In the 1970s 30,000 people worked at that mill alone Today it employs employs 3,700 In the 1960s the population of Gary was 180,000 Today 68,000 It’s an empty shell The town has over 10,000 abandoned buildings One town Flint Michigan you know where you can set fire to water It was once a major base for General Motors The city has had 200,000 people in it at its height 85,000 of them working at GM plants Those plants closed throughout the 1990s and the early 2000s The 235 acre Buick plant known as Buick City demolished in 2002 Today Flint has a population of under 80,000 people By 2018 over half the men aged 25 to 54 Half were unemployed In 1969 Detroit residents had higher incomes than Boston By 2018 the people in Boston were 40% wealthier than those in Detroit In the first decade after China joined the WTO the US auto parts industry on the whole lost 419,000 jobs Even NPR said quote "The China shock created what looked like miniature great depressions in these places but nobody noticed because nobody cares about the center of the country Between 20 the year 2000 and 2010 the US lost over 5.5 million manufacturing jobs That’s the steepest drop off in our history Look at that It is tragic It is the draining of the American dream All of this has caused the middle class to flatline According to the US Census Bureau adjusted for inflation this is going to kill you The median household income in 2001 was 80,000 In 2023 the most recent data the median household income is 86,000 Two and a half decades and an increase of income of $6,000 The cost of living has gone through the roof This doesn’t work Meanwhile check out this Federal Reserve chart Ready over the same period that the middle class flatlined corporate profits skyrocketed 600% increase Offshoring to China slashing the labor cost CEOs got fat while the US factory worker gets a pink slip Inequality is a gaping wound in America and globalization just keeps pouring salt in it This is the backdrop of Trump’s current tariff battle with China That’s what he’s trying to solve You may not like tariffs but at least he’s listening and trying to do something For 25 years the arrangement has been great for China And despite the insane trade deficit great for a lot of US corporations but globalization especially the China portion turned American towns into ghost towns broke families crushed dreams sold the backbone of our nation out And what are people doing now drugs Back in a minute [Music] We’re going to have a booming stock market for a long time because we’re reinvesting in the United States of America And more importantly than that of course the people on Wall Street have done well We want them to do well but we care the most about American workers and about American small businesses And they’re the ones who are really going to benefit from these policies Think about how many factories we’ve seen closed down Since NAFTA in the early ’90s 90,000 American factories have been closed down That’s small towns that have been blighted That’s millions of workers who have lost their jobs That has to stop President Trump that’s that is my wheelhouse I work in a town where you had 10,000 great American steel workers and my town was one of the lucky ones now probably has 1500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers So how dumb is our political and media culture well I’m about to show you After President Trump and Vice President Vance repeated the figure of 90,000 American factories that have closed in the past 30 years since NAFTA went into effect the media raced to their fact check mode to find out is that number accurate here’s an example CBS reported well actually the number 90,000 the number relies on data from the US Census Bureau and that was updated in 2021 shows the actual number of factories closed since 1997 was only 70,500 which of course kind of buries the lead that America has lost somewhere between 70 and 90,000 factories over the last 30 years That’s the story guys When the numbers are that insane does it really matter either way it’s awful The CBS report adds that those numbers include quote small factories with only a few employees Oh well I don’t care about I mean you’re an elite I’m an elite I mean who cares that is totally insufferable as if it makes a difference whether a facility employs five or 500 or 5,000 These are people’s livelihoods These are towns gone They’re completely ignoring the point that these are not stats on a spreadsheet They are heartbeats behind those numbers How’s this managed decline by America’s ruling elites worked out for average Americans horribly It is shattered communities in places that are too easy for politicians to ignore Why do you think they don’t go to places like Butler Pennsylvania small communities all across America once the backbone of our nation have been hollowed out Thousands of buildings resembling carcasses left to rot So many of these businesses were the lifeblood of the middle class So many dreams crushed under the weight of so-called free trade Look I’m a free trade guy I like that But I like my country more With the disappearance of so many businesses and jobs a lot of hope and purpose also disappears and despair sets in And guess what when you have China pumping dope into our city what do you think’s going to happen when they’re coming across the border with fentanyl what do you think’s going to happen to these towns now manage decline In 2017 two Princeton University researchers published their study on mortality and morbidity in the 21st century One of their discoveries was that since 2000 the rising suicide alcoholism and drug overdose rate by Americans were triggered by job losses and worsening job prospects in the trade exposed areas I want to show you this graph The red line is drug alcohol and suicide mortality rates of white Americans men and women in their 50s since 1990 compared with all other Western nations What’s different here since 1999 the annual number of overdose deaths from any kind of drug in the US has multiplied six times over America’s de-industrialized heartland is the hardest hit In Ohio alone drug overdose deaths skyrocketed between 2001 and 2017 increasing 1,000% Why because the hope of upward motility used to be the key motivator in American life I can do something with my life I I can make my life better For centuries that’s what’s driven immigrants to our shores But globalization has steadily shrunk the American middle class killing it According to the Pure Pew Research Center in 1971 61% of American households were middle class By 2023 it was 51% The middle middle class used to include a lot of manufacturing jobs I’ve already shown you how those disappeared over the last 30 years I hear over 70,000 But consider this In 1950 manufacturing jobs made up just over 30% of total US employment By 2020 it was 8% There are less Americans working in manufacturing today than in 1941 before the US joined World War II even though our population has more than doubled Think about that Fewer manufacturing jobs today than 80 years ago with twice the population Manufacturing jobs also used to be a viable pathway to the middle class for black Americans who make up a disproportionate share of Americans without a college degree But from uh 1998 to 2020 globalization eliminated over 646,000 jobs for black workers That’s a 30% of their overall employment in manufacturing gone Meanwhile CEOs 290 times as much as the typical worker That’s their take-home In 1965 they made 20 21 times as much CEO compensation has grown 1,085% since 1978 What did the regular worker get 24% They sold us globalization with a rosy promise that the rising tide would lift all boats Turns out no mostly lifted the yachts that were already doing pretty good And the regular people’s boats they were capsized or sunk This is the context of the trade imbalance that President Trump has decided to attack headon You got a better idea get elected Let’s do it PostWorld War II trade deals just propped the rest of the world up at our expense Now it’s time for us to heal ourselves Trump’s tariff strategy is a highstakes gamble the highest I’ve ever seen but is playing to totally change the field It is the first real attempt in a very long time to address the imbalances that have eroded much of American strength It is strategy Again I don’t know if it’s the right one I argued with the president against it but I’m hearing I’m I’m I’m telling you right now we must reclaim American self-sufficiency or we’re Done Experience Free Speech

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