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South Carolina Republican: High prices are ‘for the good of the country’
Yes, yes: high prices for the working class while we have record-breaking tax cuts for the Billionaires Boys Club is for “the good of the country”…
My coffee per cup went up 50 cents -now I’m really angry! Probably due to the tariffs.
I want to throw out a suggestion for a new libertarian political movement: “The Coffee Party”.
Hey: I’m not at all into the anti-working class sophistries of the Libertarians! But I’m not into the US to continue to be controlled by Israel either (and MANY of the Dems are!) AND an anti-working class agenda. Given a choice between the majority of corporate Dems, a herd of Independent cats not being kept on the same page, or the Libertarians, at this point I’ll take the Libertarians. The Libertarians will toe the line on stopping the aid to Israel, out of their concern that it has become a fiscal blackhole.
I sure do hope we kick off a big beautiful bipartisan impeachment effort come Labor Day!
Great term! “Trumpflation”.
[And when he gets inadequate about his penis size, would that then be “shrinkflation”??]
Though he would, as any President would, have authority to act against a Chinese rare earth embargo.
But across-the-board tariffs? Preposterous; no legal way. He has to get a signoff from Congress on that…
So we may have ducked two bullets now, to avoid a global Depression:
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across-the-board tariffs being ruled illegal (my bet is the Supreme Court will not step into the doo-doo…)
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implementation of stablecoin payment systems will compensate for the AI bust (and Thiel doing a lot of Paypal advertising is a tell that it’s coming…)
The only hazard left now is Bunker Boy screwing around with the Fed. There’s clearly damage imparted by Bunker Boy and Luttnick’s grift, but this could stave off a Depression.
I said many posts ago, when the first decision was handed down against the tariffs, that this was the turning point for Trump to become undone. I still see nothing to change my opinion on that. He can put his hands on the door jambs as he starts getting shoved out (attempts State redistrictings, send the Guards out, tries to do a mid-decade census after we just had one…), but he is on track to lose now.
The sooner he is impeached, the sooner he gets stopped at screwing around with the Fed (not that it’s clear that Vance won’t pick up that flag!)
I wish a congress member would float a bill to collect taxes from billionaires ASAP to reimburse Americans for the increased price of “quaint groceries” caused by Trump’s tariffs. It would have a snowball’s chance in hell of passing with the current congressional makeup, but it would shine a light to ALL voters on the injustice of Trump’s actions.
Sigh; the Dems really do suck. Their closet complicity with Israel, their refusal to offer any significant breaks for the working class…
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Yes! Let’s bring it to an end, ASAP…
Sing it, brother!
Whoever thought this needed an appeal: you’re just a whore and a political hack.
So this is what we get by the Supreme Court taking up this appeal: they will continue to rack up significant debt while a decision is being awaited. And if they go full kangaroo court on this issue and say that the part in the Constitution where Congress has the power of the purse is no longer meaningful (they already have on a number of others, right?), the Court will effectively be saying that the Constitution means nothing. There will be no point for States to remain in such a republic.
A president has a right to do targeted tariffs in response to a specific unjust trade situation (and that power only exists because Congress previously granted such latitude…); s/he does not have the right to do across-the-board ones! And given the personal side deals that often manifest themselves after each tariff ““negotiation”” by Bunker Boy, it’s pretty clearly an emoluments issue that merits (along with a number of other issues…) an impeachment.
But if the Court does not do a really speedy decision (I doubt it will!), there’s no point to an impeachment -the country will then become economically insolvent; it would just be a rearrangement of the deck chairs on the Titanic! Better for some States to make a speedy exit from this newly formed banana republic…
Lest you think I’m being overwrought about the call for some States to exit:
We have been staring down the gun barrel on a number of constitutional crisis issues at the Supreme Court; the presidential immunity one was a big one. But merely taking up this clear cut principle on appeal is a self-inflicted mortal blow to the American economy. We can exit the madness now and stabilize the global economy; but some asshole on the Supreme Court wants to wreck it all just to save his tin pot dictator’s grifting side deals…
But hey -let’s spin the wheel and go for another Smoot Hawley!
I was pissed that Krugman was not screaming for jobs programs during the Obama years (whereas Stiglitz was…), but what he says here is a thumbnail of the basic explanation as to why Luttnick’s grift is doomed to failure. “Wow, look at all this tariff revenue!” That will be extremely temporary, and will go away once US trading partners eventually adapt to alternative ones. How weak was it that Bessent was threatening countries that teamed up in an alternative to US trade? What are you going to do, Scott? Punch them in the face too?? The only reason any countries are agreeing to the onerous tariffs (like the EU…) is to give them time to set up alternatives. Next year, the US can expect a fuck-off response from them.
It’s just another Trump grift, plain and simple. Trump wants to negotiate profitable personal deals while he also negotiates illegal across-the-board tariffs. There’s a reason Luttnick laughs like a madman when he discusses the mechanics of this -his reasoning is simply insane. It will be good for his billionaire buddies, but not consumers who work. <handwave>”We’ll have a trillion dollars in 10 years!”</handwave>
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What are we supposed to do until 10 years is here, as inevitably consumers will end up paying for the tariffs?
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No we won’t; trading partners will eventually side-step America and establish trade with countries that don’t have onerous tariffs.
