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Possibly Trump’s stupidest tweet ever - The Washington Post
Columnist George F. Will says President Trump's scattershot economic policy has surrendered the world stage to China. (Gillian Brockell, Kate Woodsome, James Pace-Cornsilk/The Washington Post)

And, finally, the notion that other countries are stealing our wealth is wrong. In fact, the opposite is true. We send dollars to foreign exporters, who in turn invest in America and hire our workers. They are making the United States richer.  Just ask the Department of Commerce:

In 2013, majority-owned U.S. affiliates of foreign firms employed 6.1 million people. In addition to these direct jobs, foreign direct investment (FDI) contributes to a number of indirect jobs. However, little is known about the total number of jobs attributable to FDI in the United States. We use the United States Applied General Equilibrium (USAGE) model to estimate the total jobs attributable to FDI. We find that in addition to 6.1 million direct jobs, there are 2.4 million indirect jobs attributable to the economic activity of foreign firms and 3.5 million indirect jobs attributable to technology spillovers from foreign firms, for a total of 12 million jobs attributable to FDI in the United States.

tags: wp washingtonPost washington post president donald trump china the most powerful person in world ;;;
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august 2018 by neerajsinghvns

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