51.9 F
Fort Worth
Sunday, October 25, 2020
Government Ex-Bush Commerce chief says Trump trade plan invites 'disaster'

Ex-Bush Commerce chief says Trump trade plan invites ‘disaster’

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

A Republican and former Cabinet secretary said he’s supporting Democrat Hillary Clinton to be president partly because Donald Trump’s economic plans are the types of strategies followed by “very poor countries” and don’t fit the world’s largest economy.

“I haven’t heard an economic concept come out of Trump’s mouth, except for protectionism and lower taxes,” Carlos Gutierrez, who led the Commerce Department in the George W. Bush administration from 2005 to 2009, said in an interview Sunday on CNN’s “State of the Union” broadcast. “You put those two together, that is a recipe for disaster.”

While supporting Trump’s proposed tax cuts, the Cuban-born Gutierrez criticized the Republican nominee’s trade policies. “He has this sort of import-substitution strategy, which is a strategy like an underdeveloped country,” said Gutierrez, 62. “Very poor countries think that way: We have to substitute our imports” with domestically produced goods.

Gutierrez, 62, the former chief executive officer of cereal maker Kellogg Co., said that while he would have preferred former Florida governor Jeb Bush over Trump as the Republican nominee, Clinton “would make a darned good president.” She learned from her husband’s presidency in the 1990s that cutting budget deficits drives economic growth, Gutierrez said.

“I don’t want to live in a society that I think Donald Trump will create,” Gutierrez said in his first extended comments since announcing support for Clinton on Aug. 10. “I’m going to do everything possible to make sure that the GOP doesn’t get destroyed.”

Gutierrez also referred to Trump’s criticism in June of Gonzalo Curiel, a federal judge of Mexican origin, presiding over a fraud case involving Trump University.

“I don’t want to go back to a country where, if a child has a Spanish last name, that the president, the leader of the country, is giving kids a license to bully them,” said Gutierrez.

Latest News

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Democratic state Rep. Senfronia Thompson files to run for speaker of the Texas House

By Cassandra Pollock, The Texas Tribune Oct. 23, 2020 "Democratic state Rep. Senfronia Thompson...

Europe, U.S. watch case totals grow, debate new restrictions

CHICAGO (AP) — Confirmed coronavirus infections continued to soar Saturday in many parts of the U.S. and Europe. In some cases, so...

Authorities find 2 abducted girls after 2 boys are killed

By HEATHER HOLLINGSWORTH The Associated PressMISSION, Kan. (AP) — Authorities found two girls who were abducted from a Kansas home where two...