Friday, September 27, 2024

It’s the economy, stupid!

 It's a lot of things, but certainly one of the most important things is the economy.  Trump will destroy the American economy, and in so doing destroy the world economy.  Why? Because he is amazingly stupid and cannnot be taught anything because he thinks he knows more than anyone who ever talks to him. 

How will he destroy the economy?  His astonishingly stupid plan for tariffs.

From historian Heather Cox Richardson:

"...Trump has promised an across-the-board tariff of 10% to 20% that billionaire Mark Cubanon the Fox News Channel called “insane” and Quin Hillyer of the Washington Examiner warned “would almost certainly cause immense price hikes domestically, goad other countries into retaliating, and perhaps set off an international trade war” that could “wreck the economy.” Cuban then told Jake Tapper of CNN that Trump’s promise to impose 10% price controls on credit card interest rates and price caps is “Socialism 101.” 

Trump has had many, many, many smart expert people try to explain to him that foreign countries don't pay tariffs, the increased cost is passed on to the American buyer.  It is a tax.  A huge tax.  Inflation skyrockets.  Domestic competitors are free to raise their prices as well, to just a bit below the imports.  Everyone pays for Trump’s ignorance. 

Trump is ignorant, of course.  We are all ignorant of many things.  But Trump is more than ignorant, he is an ignoramus - my definition of an ignoramus is an ignorant person who is stupid enough, egotistical enough, delusional enough to refuse to learn and stop being ignorant.

Please, my dear Republican friends, i t' s   t h e    e c o n o m y   s t u p i d !