The John Batchelor Show

VIDEO: 'Poison Pill'

May 20, 2015

Tuesday 19 May 2015  / Hour 1, Block D: Larry Kudlow, in re: White House has threatened to veto a crucial trade bill; the bi-partisan measure "a poison pill,"  said Jack Lew.  Sabotage aimed at China; but the yuan has gone up 40% in the last several years.  If you tax something less, then you'll get more of it, including world trade.  Tariffs are taxes. If you lower tariffs, it's good for consumers and business. It's nuts to insulate ourselves in this protectionist corner. / Mrs Clinton in Iowa: "Do you support Elizabeth _ and Harry Reid, or the GOP and the president on this trade agreement?"  "I've been for and against different trade agreements."  --- there's no leadership here. Anent PP: no one is defending banks.   I won't defend all banks all the time; but eventually you have to come to a truce.  Need to have small, medium, regional and large banks.