I've had more time to think about the tariffs being imposed on the entire world and it's just mind-blowingly awful. It's the equivalent of the Seahawks throwing the ball at the end of Super Bowl LXIX.
Trump's tariffs are the policy equivalent of the Seahawk's decision to throw the ball in Super Bowl XLIX. We were right there at the goal line, doing everything right and then he goes and does this. pic.twitter.com/bzNWxfeXVT
— K T Cat (@ktcat) April 4, 2025
In that game, Marshawn Lynch of the Seahawks had been totally unstoppable. As the game went on and the New England defense tired, Lynch became even more unstoppable. Down by 4 on the Patriots' goal line with a couple of plays to run at the end of the game, it was a no-brainer to simply pound Lynch up the middle until the Seahawks scored the winning touchdown.
Nope. Pete Carroll was too smart for that! He called a pass play, it was intercepted and the Patriots won.
On Monday, the Democrats' approval rating was at a historically low 26%. Appeals courts were overturning the stays put upon DOGE's actions left and right. Regulations were being slashed. Energy companies were gearing up to produce like mad. All Trump had to do was ... nothing. He had the win in his hip pocket.
We Had It Won
If you've been watching Europe, South Korea and Japan, you know that the Euros have wrecked their energy industries and hamstrung themselves with insane green energy regulations. You know the Koreans and the Japanese are running out of young men to work in their factories. All we had to do was slash regulations, cut the deficit and provide plentiful, reliable, inexpensive energy and the industries would have come here on their own. We had it in the bag.
Nope, Not This Boy
With his idiot tariffs, Trump managed to pull a Pete Carroll of staggering proportions. He had his team make up fantasy calculations for foreign tariffs and then accused everyone of trying to rob from us. He imposed unconstitutional tariffs on everyone.
In one, quick move, he managed to prove his most mouth-frothing critics right. He has no authority to impose tariffs, that's the job of the legislature. He lied about the foreign tariffs. Worst of all, he showed he had an idiot child's notion of international trade.
Me And Home Depot
By analogy, I recently discovered I have a massive trade deficit with my local Home Depot. Clearly, they've been robbing me blind! I have given them money and they have not given me money. It should be 50-50. So I decided to go down to the Home Depot and demand that the manager charge me more taxes on the things I buy from his store.
MAGA! Winning!
Stupidity To The Max
I give Home Depot dollars that I value less than the plumbing supplies they give me. They get dollars they value more than the plumbing supplies. This is how it works in all free-market exchanges. This isn't hard to figure out unless you're MAGA.
Opportunity: Blown
We had a chance to elect a generational managerial and leadership talent in the form of Ron DeSantis and instead we chose between a drunk nitwit, Kamala Harris, and a scattershot blowhard, Donald Trump. Trump is still the better choice as he might be able to pull something out of this mess if he starts making deals right now.
To my mind, about 80% of what Trump does is golden. The other 20% is radioactive waste.
6 comments:
It's a big gamble, the game isn't over yet, I think the ball is still in the air.
I agree that we haven't seen where this is going to go. However, I'm saying we had the game won without any of this. Even if it pays off, the gamble isn't going to give us much more than not having done it at all. If it doesn't pay off, we could get killed.
https://www.zerohedge.com/markets/your-discomfort-means-its-working
Chuck, I said the same thing in my previous post. I get it. The medium- and small- cities and towns have been hollowed out by globalism and ravaged by drugs. What I'm saying in this post is that we were already in the perfect position to bring manufacturing back to America. The tariffs give us nothing we didn't already have in exchange for setting fire to trillions of dollars that could have paid for industrial expansion.
From this post:
If you've been watching Europe, South Korea and Japan, you know that the Euros have wrecked their energy industries and hamstrung themselves with insane green energy regulations. You know the Koreans and the Japanese are running out of young men to work in their factories. All we had to do was slash regulations, cut the deficit and provide plentiful, reliable, inexpensive energy and the industries would have come here on their own. We had it in the bag.
Since you invoked Smoot-Hawley, check this picture at https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act#/media/File:Average_Tariff_Rates_in_USA_(1821-2016).png against Trump's 10% tariffs.
B-Daddy: Can you elaborate on "Trump's 10% Tariffs"? Because it looks to me like that 's his baseline, not the average. Most of the tariffs mentioned on this page are well above that:
https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_administration
Also, it looks like Smoot-Hawley only applied to some exports, and 63% of imports were not taxed. The Trump tariffs look a lot more comprehensive.
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
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