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Corporations Join Forces To Stop Trump鈥檚 Disastrous Trade War - YouTube
Channel: The Ring of Fire
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You know, it's very rare for us to ever sit
here on ring of fire and talk about a corporation
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or let alone multiple corporations stepping
up and doing something good for the United
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States.
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But that is exactly what is happening right
now.
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We have a new group that's come out, the National
Foreign Trade Council made up of mega corporations
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here in the United States.
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Ford is in there Facebook is in there.
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Many other conglomerates are in their billions
of dollars in net worth and revenue between
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all these companies.
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And they have one simple goal with this new
organization to take the power to tariff goods
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and services, mostly goods away from the president
of the United States and restore that power
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to Congress.
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According to the US Constitution, Congress
and Congress alone has the authority to regulate
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commerce.
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Tariffs would fall under that regulating commerce
part.
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Congress also has the power of the purse.
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You have ability to do taxes, raise taxes,
things like that.
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Um, that's exactly what a tariff is.
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So these corporations have banded together
to just say, listen, what the president's
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doing right now is technically unconstitutional.
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Congress is the one that would have to approve
these tariffs.
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Yet the president's out here willy nilly getting
on Twitter, suddenly saying, Hey, guess what?
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10% tariff on these goods.
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Ha Ha, I'm such a great guy by, and these
corporations are getting stung by it.
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They're losing money off of it.
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They're having to cut employees off it, but
don't feel bad.
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Right?
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I mean, they have the money.
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It's the workers we need to feel bad for.
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And these corporations certainly don't feel
bad for the workers.
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They feel bad for themselves.
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So I guess we also have to admit to a degree
that these corporations are doing the right
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thing, but for the wrong reasons.
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It's not because they want to offer consumers
goods at a lower price.
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It's not because they want to make it easier
on us or make it better for us.
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It's not because they want to go back and
hire all those workers and embrace them in
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a warm hug and say, we're gonna give you better
health insurance.
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We're going to, we're going to give you a
raise.
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We're gonna take care of you this time.
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No, they're not going to do any of that.
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They just want to stop losing money because
it's hurting their bottom line.
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It's hurting their CEO's pay at the end of
the year and that's why they want this trade
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war to end and they want the power to be given
to Congress.
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So again, they're doing the right thing, but
they're doing it for the wrong reasons.
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So do we fault them for that or do we accept
their help on this one issue?
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That's the conundrum, right?
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It's like all those people who said we should
reach out to the hardcore crazy Trump supporters
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that think all liberals are fake news.
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No, that we shouldn't reach out to those people.
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But at this point in terms of policy, in terms
of taking powers away from the president that
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he wasn't supposed to ever have to begin with,
I think we accept the help and then if they
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are successful, we pressure them and pressure
them and pressure them to take better care
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of their employees.
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And hopefully with a better president in 2021
we don't have to worry about them providing
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things like adequate healthcare coverage or
dental coverage and things like that because
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hopefully the next president will institute
a Medicare for all plan where all of that's
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already covered.
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And that's one less thing corporations have
to worry about.
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But until then we pressure cause it's great
that they're doing the right thing right now.
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The question is will they continue to do the
right thing in the future?
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And the answer to that is probably not, especially
if we don't pressure the hell out
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of them.
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