Gongol.com Archives: April 2011
Brian Gongol

April 29, 2011

The United States of America It's possible that nobody in America needs to shut up more than Donald Trump
Not only is he a terrible example for anyone to follow in business, he's now out rudely espousing patently nonsensical political positions in his flirtation with a run for President. He apparently told a Las Vegas crowd that he'd slap a 25% tariff on imports from China and just tell OPEC what price we'll pay for oil through sheer force of will. A 25% tariff on Chinese imports would make ordinary goods jump in price overnight -- not a good thing to do in a time when economists are worried about stagflation. It would also trigger a trade war with one of our biggest trading partners. It's a patently stupid idea. And the notion that OPEC will just be bullied into submission because a doofus with ridiculous hair barks swear words at them...well, that's just hallucinatory.

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