The words associated with the latest remarks between Harley-Davidson and President Trump have once again exposed how both use fake news and lies to try and cover their own positions. H-D released a statement saying because of the EU's retaliatory tariffs put in place after Trump placed tariffs on the EU, H-D would have to move some of its production to their foreign operations to avoid the tariffs.
H-D said the tariffs would add about $2200 to each bike sold. Of course the kicker is H-D has overseas capacity for production already and should not have to shift some of its domestic production to its foreign plants. Its playing a corporate game after having their tax bill reduced 14% by the Trump-Republican tax scheme that was passed last year.
Trump jumped into the act and did a little acting himself. He said the tariffs were being used as an excuse and that he would tax the hell out of H-D. His position on the tax reduction for corporate America was it would allow them to bring back jobs to America and H-D's move made Trump look like the fool that he is. The facts tell us corporate America, including Trump's foreign business operations are not moving back to America, and the news media failed to ask Trump when his foreign operations will be moving back to America.
Trump tried to sell America the fake news about how America would win in a trade war. Pure nonsense and a lie. And he and the republican controlled congress lied when they said their tax scheme that favored corporate America and the wealthy would move jobs back to America and stop Corporate America from building new foreign operations. We know that job creation under Trump in his first 16 months in office was weaker than it was under President Obama in his last 16 months in office.
And just yesterday the Congressional Budget Office announced that the federal deficit for fiscal year ending 9/30/18, Trumps first fiscal year will end with a projected budget deficit of over $800 billion, a 21% increase over President Obama's last fiscal year budget. Trump and the republicans told the people the tax cut would provide enough growth in the economy to increase revenue and balance the budget. The CBO reports budget deficits are projected way past Trump's term in office because of the Trump Tax cuts which reduces federal revenue.
And PolitiDose is proud to say it reported all of that long ago in its commentaries. The Reagan and Bush tax cuts created 16 years of deficit spending and Trump and the republicans convinced the voting public for the third time voodoo economics would work. What a shame.
This commentary written by Joe Lorio
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