The Good News About Trump’s Tariff Tax

Yes, it will make almost everything more expensive. But it will help Trump give millionaires and billionaires a tax cut, so it all evens out.

How great is that?

TRUMPCESSION

Seven weeks in, a recession looks more likely.

Consumer confidence is down more than at any time since 2021, “as inflation fears take hold.”  The Trump Tariff Tax will dampen consumer demand. Interest rates are staying high because of the now-expected higher inflation.  Massive government lay-offs and canceled government contracts slow growth . . . uncertainty breeds business caution . . . a drop in foreign tourism . . . a drop in foreign purchases of our goods . . . Maybe it will all be fine.  (Who can say for sure the Smoot-Hawley tariffs caused a global depression?)  But taken together, we just might be in for Trumpcession.  Or Trump Stagflation.

I’m the guy with the happy gene — I still have it — but he bankrupted six of his companies (well, four, but two of them twice) and added trillions more to the National Debt in his first term than Obama in his first term (which began with the massive deficit spending required to keep the world from sinking into depression brought on by the financial collapse) . . . let us hope America’s not the next thing his chaotic management will bankrupt.

BONUS: Starving Children Are Not Our Concern — We’re Christians

The children from whom we’ve suddenly cut off aid live in “shit-hole countries.”  What business is that of ours?  What have they ever done for us?  America First, baby.  Haven’t you read the Trump Bible?

Charity has its limits.*

*In the decade leading up to his foundation being shut down for mismanagement, it distributed $19 million.  “[Trump] admitted . . . to directing $100,000 in foundation money be used to settle legal claims over an 80-foot flagpole he had built at his Mar-a-Lago resort in Palm Beach, Florida, instead of paying the expense out of his own pocket.  In addition, the foundation paid $158,000 to resolve a lawsuit over a prize for a hole-in-one contest at a Trump-owned golf course . . .” (By contrast, Mike Bloomberg’s foundation gave away $3.7 billion last year alone.  And none of it, as far as I know, to buy a six-foot portrait of himself.)