Ron Insana, the senior analyst and commentator at CNBC, said President Donald Trump is mishandling several complex issues such as North Korea’s nuclear program, NAFTA negotiations, tax reform and recovery from Hurricane Harvey.
North Korea has steadily improved its missile technology to possibly carry a nuclear warhead to most parts of the U.S. while Trump has urged China and Russia to help pressure the rogue nation to end its weapons programs.
Insana said on CNBC.com that Trump shouldn’t try to denuclearize the Korean peninsula while threatening to stop all trade with countries that do business with North Korea, criticizing the South Korean government for appeasing its northern neighbor and threatening a trade war with South Korea, a longtime economic and military ally in the region.
Insana has been a consistent critic of Trump since the New York real estate developer began his presidential campaign in 2015.
“We should, however belatedly, be discussing whether President Trump remains fit and competent enough to remain the leader of the free world,” Insana, the author of four books on Wall Street, wrote in May.
The U.S., Mexico and Canada are re-negotiating the North American Free Trade Agreement (NAFTA) enacted by President Clinton. Trump campaigned on a pledge to re-work NAFTA to protect U.S. workers who have seen their jobs shipped to Mexico, where workers have lower wages and fewer legal protections from exploitation.
Insana said Trump shouldn’t “claim that Mexico is the bigger beneficiary of NAFTA when American consumers pay less for their goods but Mexican workers still receive slave wages….I wouldn't threaten to send children of undocumented immigrants back to their respective homelands, many of whom are from Mexico and are productive, tax-paying workers with unblemished records.”
On tax reform, Insana said Trump shouldn’t accept any tax cuts that add $6 trillion to the national debt, which nearly doubled under President Obama to about $19 trillion.
As for Hurricane Harvey, and the looming Hurricane Irma, Insana said Trump needs to be more mindful of climate change.
“I wouldn't continuously weaken every environmental safety rule for flood containment and other natural disasters when more storms are expected to hit our shores, possibly within days,” Insana said. “I wouldn't steadfastly maintain that climate change is a hoax and refuse to consider that there might be ways to re-create a more stable and hospitable environment.”
© 2024 Newsmax Finance. All rights reserved.