Outspoken talk-radio host Michael Savage warns that China is steadily wiping out the American industrial base and "burying" the United States by keeping the value of its currency artificially low.
Savage, whose talk show is heard by over 9 million radio listeners each week, writes about the attack underway against the U.S. middle class in his new book, "Trickle Up Poverty: Stopping Obama's Attack on Our Borders, Economy, and Security."
The political clamor over China's trade and currency policies has been steadily building in recent months, in part because of the sluggish economy and high U.S. unemployment.
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"They're burying us," Savage tells Newsmax.TV in an exclusive interview. "They are controlling the world's economy by keeping their currency too low, so they can continue to export cheaply . . . And also it cripples those of us in other countries who want to export to China.
"And so unless we impose tariffs on their goods," he says, "we're going to lose every industry. We have lost our machining industry, lost our steel industry, we've virtually lost most of our auto industry."
The Beltway clamor over China's trade and currency policies has been steadily building in recent months, in part because of the sluggish economy and high U.S. unemployment.
In September, Congress passed legislation allowing tariffs to be levied against any country that manipulates its currency to gain a trade advantage. That move was widely condemned in China, which alleged the United States was dumping chickens and slapped a tariff on U.S. poultry imports.
Savage isn't alone in sounding the alarm. This month, billionaire Donald Trump objected to China's policies and stated "outside forces are destroying this country."
Savage warns America must act quickly or risk losing its remaining industrial base.
"Unless tariffs are put on their goods, the few industries that remain in this nation that are viable are liable to disappear very, very shortly," Savage warns. "And the only way to save America is to institute tariffs on specified industries, and to rebuild the manufacturing base of the United States of America."
Savage sees the trade imbalance with China as part of a larger assault on America's middle class. "For at least 150 years," he says, "it was the great middle class that made America unique."
The policies of President Barack Obama and Democrats in Congress are now hurting those middle-class citizens, he says.
"You know, Obama came across as a Robin Hood, who was going to rob from the rich to give to the poor," Savage tells Newsmax. "The exact opposite is true. He's not robbing from the rich to give to the poor. He's shrinking the middle class, to give to the rich and the poor."
The common theme in all of Obama's initiatives, including healthcare reform and new forms of regulation, Savage says, is that the middle class ultimately foots the bill.
"And that's why there's an uproar in the country," Savage says in the exclusive interview. "That's why the tea parties are surging. That's why the tea party candidates are showing so well in polls: Because the people who actually pay the taxes are revolting. And I hope to God they revolt at the ballot box."
Other highlights from the author's interview with Newsmax:
- Key staffers are leaving the administration just before the midterms because they know Obama has steered things "so far to the left" that conditions are likely to worsen. "It's like a sinking ship, and the crew is jumping off because they don't want to go down with the ship," he says.
- Sen. Harry Reid, D-Nev., is in trouble in his race against GOP challenger Sharron Angle, a tea-party favorite. Savage says the race mirrors the anti-incumbent animus sweeping the country.
- He would vote for Meg Whitman over Jerry Brown for California governor, calling Brown a "career politician and a radical leftist at that." But he's concerned Whitman isn't conservative enough. "Beyond her business experience, I don't see any social conservatism. But she's the best we're going to get."
- He would vote for anyone over incumbent Democratic Sen. Barbara Boxer of California. "At least [GOP candidate Carly] Fiorina has some business experience, so she knows what it's like to run a business, so we have to go in that direction," he says.
- Fiorina and Whitman aren't running stronger in the polls because they've shied away from tackling illegal immigration. "And if you study the polls on illegal immigration, you'll find that even Democrats strongly want something done," Savage says. "So I think both of these Republican candidates are not doing themselves a service, by listening too closely to the professional campaign advisers."
- He believes the tea parties have made a mistake by overlooking issues important to social conservatives. "I think the social issues are very important to many of the American people, such as: defend the defense of marriage act, is one of my points; end affirmative action; limit welfare benefits; voting reform," he says. "I don't see any of that in the tea party platform. I put that in there hoping that they'll remember the masses of conservative Americans still care about these social issues."
- He believes the Obama administration is peopled with hard-core leftists who consider America's middle class their enemy, saying their policies are "aimed straight at the heart of the middle class, who by the way are suffering the most. The rich aren't doing worse. The poor are still collecting their government checks. Who's getting hit? The middle class. And that's why I call it Trickle Up Poverty."
- He likes the recent Pledge to America document that Republicans unveiled, but he doesn't believe it goes far enough. "They mention reducing government but they don't say how, there are no specific targets," he says. He says his book, which offers a 37-point plan to right the nation, provides a detailed roadmap for cutting the deficit. Savage lists how to reduce government, and by how much each year, to get the budget back under control.
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