Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars.
Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security
This reads like a five year old trying to explain a drug dealers economics to the elderly who have no idea how any of this works.
What a bunch of fucking idiots.
President Trump will impose a 10% tariff on all countries
It's just whatever at this point. Clearly he's gunning for recession, fuck it. Nobody in Congress stopping him.
At this point all those emergency powers Congress has given the President since the 1920s needs to be pulled back because clearly we can no long assure that the President won't declare everything an emergency.
It’s just a massive tax hike, to then be given away to rich folk.
It is important to know that US manufacturing never 'went away' it just changed.
Productivity and automation have taken more jobs than them moving overseas.
US manufacturing output for the last 100 years.
https://www.macrotrends.net/2583/industrial-production-historical-chart
And by "just changed" we mean taking the money away from workers and giving it to CEO's and shareholders.
I will not disagree, "just changed" is doing some heavy lifting.
My only point with the graph was to show manufacturing in the US is near an all time high.
If only more of the "do your own research" people were more like you
This is what I have learned from all of this. Trump has exposed the one lever where there is no checks or balances. He found a sharp machete when he went looking for pruning shears.
It’s Ironic the United States will be hoisted on its own petard. The unchecked powers that helped allow financial dominance for years is now a weapon against itself.
But can’t be helped because there is a lot of money to be squeezed out of this country. Which now that I think about it, resembles a piggy bank ready for slaughter
A report was received about this breaching rule 1. In this case, the title used to submit the link provides more context than the original title, and will be allowed to remain.
The last president stupid enough to rely on tariffs sent us into the Great Depression, which required WWII to save us. HitlerPig's version is far worse.
Clearly, these traitors are not concerned with being held accountable in future elections for their irresponsible behavior. That means they are confident in their plan to either rig the elections, or suspend them altogether.
Have we forgotten that he has done this each month since he was Inaugurated?
Tomorrow the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.
It's deliberate market manipulation.
Data analysts, medical researchers, astrophysicists - gone. You’ll work in a factory making plastic toys.
It's Command Economy Day