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posted by Hannity Staff - 10.15.18
A second migrant caravan encompassing thousands of Central American workers slowly made its way towards the United States’ southern border with Mexico this week; setting the stage for a high-stakes showdown with the Trump administration and immigration officials.
“The caravan formed a day after Vice President Mike Pence met with the presidents of Honduras, Guatemala and El Salvador in Washington, where he offered economic development assistance in exchange for tighter controls on gang violence and migration. Pence also called on the Central American leaders to warn their citizens against trying to cross the U.S. border,” writes the Daily Caller.
there was a bit of a gain earlier in the morning. but we re back down. we re not at session lows, but we re close to it. down 278 points. joining me now is bill griffith, and former chairman of the white house council of economic advisers. let me start with you, bill. the united states imports about $350 billion worth of goods from mexico like vehicles, machinery, fruit, vegetables. trade with mexico accounted for almost 14% of all u.s. imports in 2018. and this isn t a matter of things getting on a ship and getting off at an american port and going back, this is a supply chain that is interlinked between america and mexico. it is, and what does it mean? it has to mean higher prices here for u.s. consumers if
foreign but in a domestic sense. so it started on a puzzle. it started with a sentence only yoda understands. exactly. it doesn t make sense. but it has real effects. say you re japan and want to sell a car in puerto rico, just go through the panama canal, drop off a few cars on the island and continue to the mainland, right? not so far. because of an obscure u.s. maritime law it s illegal to go to more than one american port per visit. the cars have to go to the mainland, then get transferred to an american ship with an american crew and then go to puerto rico, making cars cost 40% more on the island and groceries 21% more. which is a source of that old puerto rican proverb, you have lost your mofungo mind. some people i imagine are for puerto rico being its own country. what do those people say and what s the argument against that?
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