A Mistake Repeated

Thomas F Campenni
3 min readFeb 22, 2021

Would you believe that both former President Trump and President Biden agree on something? It is the old bromide of “Buy American”.

Trump’s economic policy was a belief in mercantilism that had not been in vogue since the 17th century. His tariff man schtick ended up increasing our balance of trade deficit with China and paying subsidies to American farmers to make up for lost business.

Biden’s local preference edict is more ingrained in 1930s smokestack policy and the old AFL-CIO affiliation between the Democrats and the supposed working man. Mr. Biden may have won the…

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Thomas F Campenni

Currently lives in Stuart Florida and former City Commissioner. His career has been as a commercial real estate owner, broker and manager in New York City.