Tariffs will create a renaissance in American manufacturing which will revitalize our hollowed out cities and create jobs for the despondent people living in those cities.
Additionally, and maybe more importantly, America's boom in manufacturing will give jobs to all those government employees who are about to be let go.
It take time to build a factory to replace a product that China was flooding our country with. A modicum of patience for this to play out is a sign of business acumen. Pressing the panic button is a sign of (fill in the blank).
I agree with most of what you write. And with a lot of passion and strength.
Where I disagree is your de-emphasizing the role of Trump’s tariff policy (if indeed you can call it a policy) not only on the meltdown in the markets but in its growing negative impact on our economy.
Trump’s insistence that the government is going to make a lot of money is beside the point.
I see no reason to think the nations were impacting are just going to bend over and take it. They won’t. The inflationary impact, from all I see, will be considerable. As will its contribution to recessionary effects.
Trump’s insisting he be given time through a transition period that may be painful is not the way things work in our country.
If we do indeed have some sort of stagflation, people will immediately compare where the economy was when he entered office and where it will be in a year plus. If they think it’s negative, they’ll elect a Democrat Congress (which won’t take much in an off year election).
And then he’ll be a lame duck, unable to get many things done, including Justices to the high court.
In the old days not so long ago, conservatives followed the lead of people like Ronald Reagan and just flat out opposed tariffs for all the reasons I’ve mentioned and more.
Now, for some reason, they cower in fear at criticizing the big man. He needs some criticism! Because he’s about to take all of us and all the causes we believe in down with the tariff ship.
He needs to get the best he can out of his threats and get off the tariff kick. NOW. Or mark my words. This will be a disastrous Presidency.
As to all else you recommend in terms of getting a tax bill through with real cuts in spending and the Cotton initiative, et. al., I’m with you.
But the market is responding mostly to tariff craziness on his part. And it’s the canary in the coal mine.
Carrying the banner of "tax cuts" would be unpopular given the size of our budget deficit and national debt. The banner should instead be to keep the current tax rates from expiring.
While praising tax cuts for the rich, tell us why the carried-interest loophole is good for America.
Tariffs will create a renaissance in American manufacturing which will revitalize our hollowed out cities and create jobs for the despondent people living in those cities.
Additionally, and maybe more importantly, America's boom in manufacturing will give jobs to all those government employees who are about to be let go.
It take time to build a factory to replace a product that China was flooding our country with. A modicum of patience for this to play out is a sign of business acumen. Pressing the panic button is a sign of (fill in the blank).
I agree with most of what you write. And with a lot of passion and strength.
Where I disagree is your de-emphasizing the role of Trump’s tariff policy (if indeed you can call it a policy) not only on the meltdown in the markets but in its growing negative impact on our economy.
Trump’s insistence that the government is going to make a lot of money is beside the point.
I see no reason to think the nations were impacting are just going to bend over and take it. They won’t. The inflationary impact, from all I see, will be considerable. As will its contribution to recessionary effects.
Trump’s insisting he be given time through a transition period that may be painful is not the way things work in our country.
If we do indeed have some sort of stagflation, people will immediately compare where the economy was when he entered office and where it will be in a year plus. If they think it’s negative, they’ll elect a Democrat Congress (which won’t take much in an off year election).
And then he’ll be a lame duck, unable to get many things done, including Justices to the high court.
In the old days not so long ago, conservatives followed the lead of people like Ronald Reagan and just flat out opposed tariffs for all the reasons I’ve mentioned and more.
Now, for some reason, they cower in fear at criticizing the big man. He needs some criticism! Because he’s about to take all of us and all the causes we believe in down with the tariff ship.
He needs to get the best he can out of his threats and get off the tariff kick. NOW. Or mark my words. This will be a disastrous Presidency.
As to all else you recommend in terms of getting a tax bill through with real cuts in spending and the Cotton initiative, et. al., I’m with you.
But the market is responding mostly to tariff craziness on his part. And it’s the canary in the coal mine.
So Republicans are advocating for buying electric cars and Democrats are tossing back the keys?
Senator Cotton's “Woke Endowment Security Tax” sounds like a bill of attainder (prohibited by the U.S. Constitution, Article 1, Section 9).
There is also some financial news from Harvard today:
One headline timestamped 12:23: Harvard Freezes Hiring Amid Anxiety Over Trump (https://www.thecrimson.com/article/2025/3/10/harvard-hiring-freeze/)
Another headline timestamped 3 hours ago (~15:45): Biden National Security Adviser Jake Sullivan To Join Harvard Kennedy School Faculty in April (https://www.thecrimson.com/article/2025/3/12/jake-sullivan-hks/)
You can’t make this stuff up.
Sullivan, though, was one of the more reasonable members of the Biden team.
Carrying the banner of "tax cuts" would be unpopular given the size of our budget deficit and national debt. The banner should instead be to keep the current tax rates from expiring.
Another good idea for Congress is to reassert its control over tariffs as suggested in the WSJ op-ed by Peter E. Harrell: https://www.wsj.com/opinion/this-is-no-way-to-run-a-trade-war-trump-tariffs-china-mexico-canada-2d66c764 "Trump is misusing a statute to impose tariffs on Canada and Mexico that hurt American interests."