Ex-Budget Director Stockman Calls Trump a 'Neanderthal on Trade' and an 'Ignoramus'

The video discusses the perceived ineffectiveness of recent trade negotiations involving NAFTA, highlighting the complexities added to the trade agreement and the impact on Mexican workers. It criticizes Trump's understanding of trade and fiscal policies, labeling him as uninformed and highlighting the potential economic risks. The video also questions the valuation of Amazon on Wall Street, suggesting that the market is in a speculative phase, with Amazon's value increasing disproportionately to its cash flow.

What was one of the changes made to NAFTA that the speaker criticizes?

• Reduction in tariffs for Canadian goods

• Introduction of new environmental regulations

• Increase in wages for Mexican workers

• Expansion of trade with European countries

According to the speaker, what is one of Trump's shortcomings in economic policy?

• Ignorance of fiscal policy and rising debt

• Inability to negotiate with European leaders

• Failure to support small businesses

• Lack of understanding of environmental issues

What does the speaker suggest about the current state of the economy?

• It is in a strong recovery phase

• It is unaffected by current policies

• It is vulnerable and could be easily destabilized

• It is experiencing rapid growth

What is the speaker's opinion on Amazon's market valuation?

• It is undervalued compared to its competitors

• It is fairly valued based on its cash flow

• It is overvalued given its minimal cash flow growth

• It is valued correctly due to its market dominance

How much did Amazon's market value increase in the last 30 months according to the speaker?

• By $1 trillion

• By $750 billion

• By $500 billion

• By $100 billion