Yesterday was what Donald Trump calls "Liberation Day," the day he imposed tariffs on every other country in the world, ranging from 10 to 49 percent, claiming he is only imposing reciprocal tariffs that are half of what those countries charge us, and that it will bring manufacturing jobs back to the U.S. Paul Krugman, a Nobel-prize winning economist turned political commentator, has said that Trump has "gone full-on crazy," and that his graph of countries' tariff rates are complete fabrications. Is Trump lying or is he really that stupid? Krugman says that Trump's economic policies will do swift and severe damage to the economy, and that is already happening with the stock market. I have to wonder if all those Trump supporters who voted for him, believing he would lower prices, will still support him as their 401 (k)s tank and prices go up, not down? When I was down here in Stuart, Florida this past summer, most of the voters, including the yachting crowd at the Sunset Bay Marina, where I took the photograph above, were all gung-ho for Trump and his policies. But tanking a strong economy with low inflation makes no sense whatsoever. Can destroying the country to make it "Great Again" actually be popular with the MAGA crowd? Talk about scary.
No comments:
Post a Comment