Tag Archives: tariffs

business news

My head is spinning!

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Seriously! I cannot stop my head from turning round-and-round, the way Linda Blair’s did in “The Exorcist.”

Donald Trump’s tariff tantrum has me so damn dizzy at this point, I am afraid to stand straight up out of fear I am going to topple over. The tariff nonsense is the only explanation I can offer for the way my retirement investment account keeps reacting.

I lose several thousand dollars in one day, then reclaim most of it the following day. The investors who are monkeying around with my money can’t seem to settle on what they think Trump will do next. Then again, I don’t believe Trump knows what he’s going to do!

Over the course of weeks since Trump announced his decision to impose worldwide tariffs on everything this nation imports, people just like me have felt the same dizzyness. If we had a president who knew anything about what he has done, he could cease this nonsense right now.

He took office vowing to preserve and protect our rights. One of them is not written precisely into the Constitution, but I think we have a right to enjoy a retirement without fear of what the president of the United States of America is going to do to cause our retirement funds to take flight.

Is that so hard to understand? Am i being unreasonable to expect the president to stop this tariff horsesh** because he knows the damage he is doing to millions of Americans?

It’s not an unreasonable thing to expect, other than it requires Donald Trump to process hard reality the way most normal people do. This guy ain’t normal. He is way beyond abnormal.

He is certifiably stupid beyond measure.

And this is the guy who got elected president of the United States. Go fu**ing figure.

Donald Trump

Yes, I want POTUS to succeed

Believe this or disbelieve it, but I want to clear the air on an issue that needs clearing.

It is the future of the presidency under the regime led by Donald J. Trump. In short, i actually want Trump to succeed. I don’t wish him success because he deserves high praise; he seeks it out even when he doesn’t deserve it.

I want the country to reap the benefit of whatever success Trump can bring forth.

I consider myself to be an American patriot, not a phony patriot who believes the lies that pour out of Trump’s mouth. I ain’t a MAGA American, as I believe the nation has retained its greatness even during the most difficult times imaginable.

What do I believe will happen with some of Trump’s policies? I believe the tariff tantrum he’s on only will worsen our daily lives by driving up the cost of damn near everything we consume. His deportation policy is heartless and inhumane. Trump’s meddling in higher education only weakens universities’ traditional independence.

The guy is a classic RINO, calling himself a “conservative” while unleashing the government to punish his political foes … to whom he refers as enemies.

I am a fair-minded fellow, regardless of what some critics of this blog might believe. I want Trump to succeed because continued failure only means more rough days ahead for the rest of us.

OK, maybe I’m self-serving in wishing the best for Trump’s policies. If he succeeds, we’ll all reap the reward.

business news, economic news

Tariff tumult requires testing

Donald Trump’s fixation with tariffs has the markets in an uproar. Hints of Trump blinking send the Dow Jones averages into outer space. Then the numbskull in chief says all the wheeling-and-dealing is a mirage … so the markets tank again.

I believe the Trump skeptics who contend that POTUS 45 & 47 doesn’t have a plan. He doesn’t understand the economics of a tariff, which makes me wonder out loud whether he evrer learned against the Wharton School of Economics, where he says he earned good grades.

I don’t what his grades were. I damn sure don’t care. He isn’t exhibiting a scintilla of knowledge about basic economics with this tariff nonsense.

President Reagan of all people called tariffs a “national sales tax” He was speaking in 1987 when he denigrated the notion of attaching tariffs on goods imported into the country. The Gipper was right then. Trump is wrong today in proclaiming that tariffs on imported goods will “make America great again.”

He is turning a national economy that was held up as the gold standard for the world to emulate into an international laughingstock.

economic news

Do the math, Donald!

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Well, that was quite a day … don’t you think? The Dow Jones Industrial Average opened today in the tank per usual the past few days.

Then Donald Trump announced he would suspend tariffs levied against most nations for 90 days … except for China. What happened next was a rally for the books.

The DJIA launched itself into heavens, closing up nearly 3,000 points. The Standard and Poors 500 finished even stronger percentage-wise.

What does all of this say about Trump’s tariff tempest? It tells me that investors who control people’s retirement accounts, their livelihoods, and their run-around funds think ill of the notion of penalizing Americans because the president of the USA doesn’t understand the damage tariffs do here at home.

Trump’s tariffs would raise the cost of damn near everything we buy, given that we are a nation that imports so many essential goods, services and commodities.

Investors have good reason to be skittish over Trump’s unilateral — and unprovoked — trade war against our closest allies and trading partners. If investors are squeamish about it, think of how all of this affects people like you and me.

And do you believe Trump has any interest in protecting the interests of those he was elected to govern? If he stalls implementation of the tariffs and seeks better trade deals with our partners, then I’ll cling to a glimmer of hope that he does care.

However, I am not betting the farm on it.

economic news

Yeah, I’m tired of ‘winning’

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Donald Trump’s version of “winning” bears no resemblance to what the rest of us think of the term.

He insists America’s unprovoked trade war that has spread across the planet like a Texas prairie wildfire has earned the respect and admiration of our allies.

Um, Earth to Donald: No. It hasn’t.

Canada has vowed to retaliate. So has Mexico. We start with our two closest neighbors and two of our most reliable trading partners, and it only worsens beyond that.

The European Union is aghast that Trump would impose steep tariffs on goods imported from France, the UK, Italy and Germany. What’s a bottle of wine going to cost now that Trump has imposed steep tariffs on that item?

Here’s the bitterest irony of all the international reaction. Russia, Turkey and Hungary – nations all run by ham-handed dictators and thugs – aren’t feeling the tariff pinch the way our traditional allies are feeling it. Why is that? It must be that Trump so deeply admires dictators, so much so that he is exhibiting signs of becoming one himself.

And yet the POTUS keeps yapping about the “winning” strategy of declaring economic war on our allies. He says they’ll come around to seeing it our way. Really, dude?

It’s looking all more likely to this old man’s eyes that our allies are fed up to here – and you can determine where “here” is – with Trump’s ignorant push for tariffs that only punish Americans.

Am I tired “winning”? Yeah, I am sick and tired of it in terms that Donald Trump applies it.

economic news

Trump’s callousness in full view

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You want a measure of the callousness of the Dumbass in Chief, the guy who said he looks out for the “little guy”?

On the second day of Donald Trump’s unprovoked international trade war, a day in which the Dow Jones Industrial Average shed more than 2,000 points , costing total investments to lose trillions of dollars, Trump jets off to Florida to play a few rounds of golf.

Hey, no worries, man. The MAGA Moron in Chief doesn’t give a rat’s red backside about the loss of millions of Americans’ retirement funds. He said he does, but you know how believable anything is that flies out of Trump’s overfed pie hole.

It kind of reminds me of the February 2021 escapade in which Sen. Ted Cruz sought to grab a few rays in Cancun while Texans were freezing to death in the killer winter storm that paralyzed the entire damn state. Cruz got caught escaping, returned to Texas … and then blamed his daughter for talkiing the family into the ill-fated family vacation.

This time, the callousness belongs to the president of the United States of America, who launched an unprovoked international trade war by imposing tariffs on virtually every product imported into this country. Nobel laureates have proclaimed this to be a catastrophe. So have politidians of both parties. Even the great President Reagan beomoaned tariffs in the 1980s, calliing them a national sales tax that falls on every Amerixan to pay.

One of the countless lies that Trump told voters while campaigning for the presidency is that he cares about them, their welfare and their livelihood.

He doesn’t give a sh** about ’em, the folks who followed him all over creation to cheer on the lies he told them.

Here’s a thought: If he truly cared about us, he would keep the golf clubs stashed away and he would rescind the tariffs he knew would cause the havoc they have caused.

Donald Trump, national news

Move over, President W.H. Harrison

I long have held the late President William Henry Harrison up as the model for setting the dubious record for making stupid presidential decisions.

Donald Trump is challenging President Harrison for that title.

Harrison’s stupidity manifested itself on inauguration day, March 3, 1841. It was bitterly cold in Washington, D.C. Harrison’s medical team warned him to bundle up before delivering his inaugural speech. He ignored the medical advice and stood in the cold rain for well past an hour droning on about whatever was the issue of the day.

He then caught pneumonia and was bed-ridden until April 4. That’s when he died. They swore in VP John Tyler.

Profoundly stupid on the president’s part, correct? Yes. It was.

Trump has been told by Nobel laureate economists on the left and the right that the tariffs he has imposed will be catastrophic. They will punish Americans who will pay exhorbitantly high prices for goods and commodities imported from abroad. They will do little harm that Trump intends to inflict on the exporting nations.

But … he imposed the tariffs anyway. He has put millions of Americans’ livelihood in potentially dire peril. He launched without apparent provocation and international trade war that includes some of our strongest, most reliable and faithful allies and trading partners. Such as Canada, Mexico, France, Australia and Japan.

Yes, the dumbass in chief has decided to declare economic war on the entire planet apparently believing he is going to strengthen our hand in the world market.

Well, President Harrison’s stupidity had an obvious negative impact on his personal health and well-being. Donald Trump’s stupidity will reverberate all across Planet Earth.

Step aside, W.H. Harrison. You have company in the pantheon of pitiful presidents.

business news, economic news

Trump inscribe’s hideous legacy

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What does it say about a U.S. president who hears from the top economists on Earth that a policy he is considering would bring unvarnished disaster for Americans’ life savings … but then goes ahead with the decision to proceed?

It tells me that the president is hellbent on inscribing his place as the worst president in U.S. history.

How in the name of economic sanity can Donald J. Trump impose tariffs on our closest allies and most reliable trading partners and then watch as retirement accounts vaporize in real time?

He has through executive action spurred an international trade war, guaranteed a huge spike in inflation, forced the nation into a negative economic growth pattern and cost Americans billions of dollars in their retirement accounts.

Where I come from, that makes Trump the worst president in the history of the republic.

He doesn’t take advice. He heeds only his overfed “gut” and his “hunch.” He seeks to punish nations for “ripping us off,” yet imposes tariffs on such economic giants as American Samoa and Vanuatu.

Yours truly’s retirement account is vanishing before my eyes. Why? Because the numbskull in chief doesn’t care one damn bit about protecting the people who pledged to protect when he took office.

business news, economic news

Trump to raise the cost … of everything!

Donald J. Trump, with the stroke of his Sharpie pen, instituted tariffs on every item this nation imports from Mexico, Canada and China.

It means that the cost of all the things we purchase from these formerly friendly trading partners is going to cost you and me more money that many of us cannot afford to pay.

Trump, though, keeps operating on the myth that he is punishing those countries. Bullsh**! That’s all it is. The self-proclaimed “king of debt,” the guy who once thought of himself as a whiz-kid wheeler and dealer is going to inflict pain on those he took an oath to protect and defend.

What in the name of fiscal sanity is rattling around that strangely coiffed noggin of his?

Do you remember when this dipsh** took office the first time and he negotiated what he called the greatest trade deal in business history with Canada and Mexico. He tossed aside the North American Free Trade Agreement and replaced it with another deal he said would protect all three nations from economic harm.

Well, buckle up boys and girls. The numbskull in chief is about to inflict all kinds of harm on all of us. If you’re someone who trades in fruits and veggies imported from Mexico, you’ll pass the cost of those goods on to consumers. If you purchase timber from Canada, you’ll do the same thing. Oh, and computer chips and all manner of household goods imported from China? Same thing, gang.

Trump’s economic policies — such as they exist — are intended only to inflict maximum pain on Americans. That’s you and me, man!