OK -- Donald Trump spoke at CPAC the other day.. announcing a possible run in 2012. It was a fairly good speech, given that he clearly knows very little about politics. Watching, it also became glaringly apparent that he also doesn't seem to know much about trade/economics.. But... but I mean, he's a billionaire!! how can that be?? I don't know, I almost fell out of my chair laughing at his misunderstanding of some very basic, fundamental trade/econ jargon:
"We don't have free trade. You know I believe in free trade, right? But we don't have free trade. We have very, very unfair trade. I call it unfair trade. I would tax them 25 percent. They would come to the table immediately."
(The above quote may be from another interview, or from CPAC; the site wasn't clear, but it read how I remembered him speaking in the CPAC thing) He proceeded to talk about promoting fair trade... (Even more bizarre).
I feel like if I explain it, I'll give it away. Your assignment: find out why his paragraph quoted above contradicts itself. I can say that it's quite possible he knew exactly what he was saying, and was pandering to "free trade" idiots who don't know their head from their ass.. As a matter of fact, I hope that's the case. Either way, comments are open on this post.
Hint: Don't get me wrong -- I am not necessarily against protectionism, as described by Trump.
Note: If you post saying how there's no contradiction, and I am in a good mood, I will do you a favor and just delete your message.
2 years ago