Wilbur Ross Wants To Know If You Are Tired of Winning Yet?

Daily Deals with Wilbur Ross…zzz

And now we turn our attention to living Unisom, comically out of touch grifter Commerce Secretary Wilbur Ross (like the plutocratic Mr. Burns on The Simpsons, only without the charm), who is here to explain to us that Comrade Stupid’s Trade Wars are not responsible for any disruptions in OUR economy, but boy-howdy, there’s gonna be riots in China!

“It’s only a big problem in their context of having a very big need to create millions and millions of jobs to hold down social unrest coming out of the little villages. It used to be aggressive young people from the small villages . . . the aggressive young people were leaving, going to the big cities, finding jobs. Now they’re having to go back to the little village. Well that creates a real social problem because they were disappointed in their home village, they went to the big city, it didn’t work, now they’re back in the home village, that’s a very disgruntled group of people and that’s a real social problem for them.“

We must remember that recently Ol’ Wilbur praised the lack of protesters in Bone Saudi Arabia where protesters are usually executed, though not always with a bone saw, but now he’s an enthusiastic supporter of the Little Guy. But I digress.

So… how does he explain Apple’s now infamous earnings warning last week?

“I don’t think Apple’s earnings miss had anything to do with the present trade talks. Think about it, there have been no tariffs put on Apple products. So that’s not it.”

Hmmm, what could it be? Beats me! Wilburrrrrr has a point except for the bit where Apple directly tied its revenue miss to Prznint Tariff’s trade wars effect on the Chinese economy, because China is where Apple does a lot of business selling to their emerging middle class, consumer-driven economy. China is where most of US businesses see their best growth opportunity. Or saw, anyway. See “beans, soy” for more details.

And someone should ask Ross how he squared his assertion with the statement from Kevin ‘Dow 36,000 Hassett, chairman of the White House’s Council of Economic Advisors, which not only put the blame on Prznint McDeals tariffs but gleefully notes that there will be others:

“It’s not going to be just Apple. There are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded”

Well, our failed press didn’t ask Ross about that. So another Win For The Media!

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5 Responses to Wilbur Ross Wants To Know If You Are Tired of Winning Yet?

  1. roket says:

    Social unrest coming out of the little villages? Hmmm. Little villages in this country are called Possum Holler and they’re heavily armed.

    Liked by 2 people

  2. Does Wilbuuuuuur understand that the traditional solution for ‘lots and lots of angry young men with no jobs” has been, you know, WAR?

    (and I doubt it has anything to do with the tariffs…China’s economy has been ‘irrationally exhuberant’ to use the Randian Cultist Greenspan’s words for quite a while….lots of folks have been expecting a slowdown. Why do you think Xi Jinping has been tightening his grasp on power, crushing dissent, and coming up with truly modern dystopia concepts like his ‘Social credit’ scheme https://en.wikipedia.org/wiki/Social_Credit_System )

    Liked by 1 person

    • Jim says:

      Exactly right. And Wilbur is a clueless idiot who is only Commerce Secretary because he helped launder Russian money to Trump through the Bank of Cyprus. He doesn’t know jack about China or its “villages”. (Hint: they’re communes and even those are much more complex than he is capable of thinking.)

      Liked by 1 person

  3. Bruce388 says:

    Buick used to sell more cars in China than the U.S. I wonder how long that will last.

    Liked by 1 person

    • Jim says:

      Chevy sells (or used to sell before Trump) more cars in China than it does in the USA. That’s amazing but also shows the nature of the giant market over there whereas the GM brand is pretty bad in the US and Japanese brands are more dominant.

      Like

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