You may be familiar with the children’s book about Pierre- who doesn’t care. Well, neither does Orange Pierre. He literally said so just the other day. More finely, he said “couldn’t care less” whether the imposition of the 25 percent taxes (they are styled “tariffs”) just summarily applied to vehicles manufactured outside the United States will increase the cost of vehicles.
“I hope they raise their prices, because if they do, people are gonna buy American-made cars,” he said. Apparently, Orange Pierre does not understand that some of the most popular American-brand vehicles – such as Ford and Ram and Chevy trucks (and their parts) are not made in the USA. And he does not care that Americans will be less able to afford these vehicles, courtesy of his taxes, which he insists on calling “tariffs” – as if that made any difference to those who’ll end up paying them.
Ah, but to say such things is evidence of “derangement.” Orange Pierre is never wrong – about anything.
No matter how little he cares about those whose red hats have apparently done to their brains what the purple pussy hats did to those termagant hordes we all saw a few years ago.
“The message is: ‘Congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff,” Trump explains.
Things change and yet remain the same.
Does anyone care?
Just ask Pierre!
. . .
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it isn’t just cars. it is parts and the usa makes almost nothing anymore thanks to nafta and gatt. they exported all manufacturing and now the citizens will be punished for the government doing that to them by paying more and more and more for parts, goods, anything imported. which in the usa is EVERYTHING. you can’t buy anything that doesn’t have a stamp on it made in china, made in taiwan, made in germany. very very few made in america. oh you will see the label ”assembled” in america not made here.
the citizens get it up the tail pipe again! bend over.grab the ankles. hope they have some vaseline oh yeah.. that is imported too! smile!! your master is giving it to you good and hard. don’t forget to cheer your orange fail and his billionaire buddies. wave your flag and celebrate your enslavement.
don’t worry. the orange clown has a fix for egg prices…instead of stop his government agents from killing all the chickens that lay eggs…oh, no…can’t do that. IMPORT THEM!! from Turkey…so the american gets TURKEY EGGS….so to speak. can’t have ones made in america. produced by the chicken prisons in the usa. have to import them…with a 25% tariff too you think? haha….what a joke the clown show continues unchecked.
those who voted…got what you asked for! another liar…another dictator. another person who cheats you, robs you beats you and come the next se-election…process. you will do it again because you enjoy your beatings….can’t live without it!! wow. saw that coming! all of it. and it is just getting started! make no mistake.
the new american EMPEROR is just getting started! the whippings just getting started. next they will use the cat-o-nine tails….with steel ball bearings tied into the ends for maximum damage to the american back!
the problem isn’t the person who sits in the chair….it is the chair itself. the hand that wields that whip doesn’t change. it is the fact he has a whip and people accept it that is the problem.
when the heart and mind of the people change and stop thinking like slaves then it will stop. only then. i don’t see that happening in 10 life times. but you never know. when people get tired of being lied to they might learn to say NO!
Orange Pierre pauperizes his MAGA [Miriam Adelson’s Goals Achieved] base:
‘The final details of “Liberation Day” on Wednesday still have to be finalised. But the White House appears to be planning steep new tariffs, imposed on all of the US’s trading partners.
‘On Fox News, Peter Navarro, one of the key backers of the tariff policy, suggested that levies on auto imports should raise $100 billion a year for the federal government. More significantly, he estimated that across the board tariffs would collect $600 billion annually.
‘No American government has imposed tariffs on this scale in more than a century. In effect, it would be the largest tax rise any president has ever imposed.
https://www.telegraph.co.uk/us/comment/2025/03/31/trump-plotting-biggest-tax-rise-global-history/
“There’s a sucker born every minute.” — P T Barnum
RINO retard Rick Perry, a longtime former governor of Texas, demonstrates his shaky command of English:
‘As Secretary of Energy under President Trump’s first term, it became clear that any plan to move tonnage of UNF [Used Nuclear Fuel] required some practical consent of the receiving state and local community.’
https://www.zerohedge.com/political/recycling-power-rethinking-nuclear-waste
NO, Rick. ‘As Secretary of Energy, I learned that any plan to move UNF …’
Yet dim-witted, inarticulate ‘Rick’ is a veritable Einstein compared to Orange Tangelo, who is under the deluded impression that every noun must be capitalized, as he deploys his dazzling two-thousand-word vocabulary.
Don’t we miss ol’ Caligula …
>under the deluded impression that every noun must be capitalized
That would be correct, in the language of some of his ancestors. But you might think that after a few generations, he would have assimilated. Repeat after me, Donnie.
Das Jetzt, Ich bin Amerikaner!
>consent of the receiving state and local community.
WIPP it. WIPP it good!
https://www.wipp.energy.gov
“The Nation’s” transuranic waste.
“The Nation’s,” my ass.
As Tonto said to Lone Ranger…
Time for a bit of Pinkard & Bowden, IMO.
https://www.youtube.com/watch?v=IgGBYZWvHe4
think, “you will own nothing and be happy”!!!!!!!!!
just like biden passed i think it was at least three bills which were
obviously about ushering in the great reset, dump is continuing the great rese twith making everthing so expensive that the “middle class” (whats left of it) will b drained of their money under the pretense of bringing bak amerika. to do that u hav to b so poor that u will work for china or vietnam wages ( oh but wait, thats why all the illegals r here) so what r u gonna do? As they (the failing empire) strip mine everything of value u worked for or think u own!
We have yet to see the effects but making things more expensive is not the road to prosperity.
All tariffs do is establish a higher base price. Money spent on higher priced products is less available to buy other things. The GDP numbers may not change, but people will have less for their money.
Tariffs are anti competitive.
In a real economic system, products become cheaper due to efficiencies and the inefficient being forced out, freeing resources to create new things. Trump’s plan will do nothing on this front.
Expect a trade war and realignment of production resulting in less choice and higher prices near term. Also a loss of employment tied to imports will probably occur. How long it will take those people to recover is unknown.
Won’t be surprised if a recession follows this.
At best with these tariffs you might wind up with an assembled in U.S.A. car but a lot of the parts are imported because the factories that built them in U.S.A. are gone. Free trade with Canada probably didn’t cost too many jobs but free trade with Mexico cost a lot more. Allowing you to import $800 from China tax and duty free then screwed any small companies left.
Landru, the BABA law congress passed 3-4yrs ago is a very big deal. Any Fed money must purchase only BABA certified stuff. Currently it’s 55% US made and goes up every year.
The law has teeth. No joke.
We sell stuff that’s made all over the world, and the US. Most of our oversees Manuf (EU, Asia, etc…) are now trying to make stuff in US. Not easy.
Only 2 months in,,, Boy,,, is this going to be entertaining or WHAT!
Today’s ZH market report:
Oil & Gold Soar As US Stocks Suffer Worst Quarter Versus Rest Of World In 23 Years
So much winning! /sarc
Who can even completely understand these tariffs and their long term effects? The country has such a short attention span its as if tariffs are just another pile of shinny squirrel shit, a giant bouncing ball of distraction designed to take the masses mind away from GovCos epic failures, thus creating new enemies and new opportunities for war.
The issue that never gets addressed is how a tiny group of unaccountable families were put in charge of our unsupportable debt. Trump [The King of Debt] knows about this first hand yet never brings it up. It is some settled science of mathematical certainty that this 3O-2OO trillion dollar number [depending on who you listen to] can never be wound down.
A million seconds is about 11 days, a billion seconds is around 31 years, A trillion seconds is somewhere in the neighborhood of 31 thousand years. No way this ever gats paid off. Trump is like the captain of the titanic, stoically sticking to his course, Elon is like the below decks engineer trying to bail out the water with a thimble. Together they put on a pretty good act.
The sooner everyone wakes up from their slumber, and takes a big step back from the table, the sooner GovCo will have no choice but to fuck its own face. Besides, I remember sumpin-sumpin from an old book about debt jubilees every sixty years. I’m sixty now. Cant say I remember ever reading about one in the entire history of our Republic. Everything that GovCo says is a lie, everything it touches turns to shit, and every agent working for them should be shunned and ignored at the very least.
Current estimate is that the Treasury runs out of headroom under the current debt ceiling in August. Republiclowns plan to hike it by $4 trillion, to a little north of $40 trillion … which MIGHT get us to the 2026 midterm election, if another war doesn’t intervene.
FWIW, Goldman Sachs (the real power behind the Treasury throne) thinks a hard shutdown of the DC entity is likely on October 1, as the next fiscal year begins. Are we not entertained?
Sadly, I am somewhat jaded. My input to the Deep State focus group would be; Matinee bridge and lamppost shows with lots of chains rope and piano wire. The main event should be a cross between ouch my balls and a Helicopter toss olympics. Returning even the slightest bit of accountability to the rampant criminality of GovCo would be popcorn worthy. Otherwise I’ll just keep looking for a bigger barn for stacking barrels of Texas tea.
Good relevant discussion in long format from Tucker:
How Casey Putsch Built the Most Efficient Car in the World, and Why the EPA Hates Him for It
https://tuckercarlson.com/tucker-show-casey-putsch
@ Steve
Thank you very much for this link.
The Orange Idiot doesn’t know how to think so Bibi does it for him. Trump waits around for Bibi to tell him what to do.
Lock them both up. The fear and loathing will quickly fade.
Harmaceutical equities are getting hammered today on the stock exchanges.
This is the best news I’ve heard in weeks. I’m at the age where I need a job for 30 years to retire on, and I want one of these plant jobs, or making parts to support those plants.
For the industry to retool here, I bet someone is going to push for deregulation so that the product is profitable to sell, otherwise it wouldn’t be worth doing.
TDS aside, this is brilliant. I feel sorry for the smucks who would buy something new in the next couple years anyway, but this will at least bring jobs and the situation to a head. Make them ask for less regulation to make it possible since they’re being forced to. The carrot didn’t work, and nobody asked. This is good news.
Via the video, RE: “maybe it’s a deliberate mistake” and, “WWE wrestling performance”.
I thought of that, while reading this:
‘Gold in Hyperdrive in Hyper-Levered House of Cards – Bill Holter’
“Don’t underestimate how disruptive DOGE cutting fraud and waste will be on the economy. Holter points out, “The last time we interviewed, we talked about DOGE and all of this slush money being paid out. Look at the 14 magic money machines that Elon Musk has found. All this money being spewed into the economy registers as GDP. So, if you shut those spigots off, you are shutting off the money, and the real economy slows down. There is less cash flow from that. The real danger, and I am not so sure it is by accident, is this Trump’s idea of pulling the plug? I have to believe he understands that by cutting the spending or cutting the capital that is going into the system, with the system as leveraged as it is right now, it’s going to take everything down. What you are doing is cutting off new money to the Ponzi scheme, and no Ponzi scheme can survive without continually getting new money coming into it.” …
https://usawatchdog.com/gold-in-hyperdrive-in-hyper-levered-house-of-cards-bill-holter/
>it’s going to take everything down.
And when that happens, Darth Tangerine (tip of the hat) can proclaim, “Give me five years and the power to get things done, and I’ll *fix* this mess. eLoon has already saluted.
“Hey, Mr. Tangerine Man, play a song for me…”
“Here I sit so patiently,
Waiting to find out what price
You have to pay to get out of
Going through all these things twice.”
We’re now living under a centrally controlled economy. It didn’t work for communists, it won’t work for us. The more I look at the news, the more I’m convinced that we’re screwed and heading for a soviet-style breakup.
DOGE made lots of noise and attempts to cut some costs, but Congress passed the biggest budget in history right afterward, no funding was cut. As long as the pork comes home, Congress doesn’t care if the US goes bankrupt.
Hi OL,
DOGE cutting spending is fine but it does not address the foundational problem of the federal apparat have power over essentially everything. What good is closing USAID when EPA is still open for business? Trump has done nothing to cut the poison tree from the earth, root and branch. Ergo, it will just grow back, having merely been pruned.
Grow back better? …Poison Ivy?
…The Six Million Dollar Poison Ivy eCONomy? …Embrace, the suck?
Completely agreed, Eric.
If the federal government was less relevant in our lives, we wouldn’t care as much who is leading it, because it would be less relevant. Right now, most people are fighting with each other to get their guy into office because they want someone aligned with their views, and completely ignore that other people are getting wronged.
Almost nobody makes the points that you do.
I’m very frustrated with the MAGA crowd that must support anything Trump does as I am with Biden’s people who only cared about sex changes for kids as their main issue.
“The more I look at the news, the more I’m convinced that we’re screwed and heading for a soviet-style breakup.”
You don’t have to sell me on it, I’m already in!
It would be wonderful if we can avoid Civil War and the bloodshed.
“It would be wonderful if we can avoid Civil War and the bloodshed”
Civil war will be avoided except if the beer, pizza and Doritos, sporztball won’t be available to the masses.
‘a centrally controlled economy didn’t work for communists, it won’t work for us.’ — Opposite Lock
Authoritarian socialism always comes with a fake populist facade, whether it’s Marxist bromides about proletarian rule, or MAGA chatter about America First (which means Israel First, for anyone paying the slightest attention).
Rule by executive decree produces a rubber-stamp parliament like America’s risible Clowngress, which would get smoked by any competent high-school debate club.
Despite token resistance from one wing of the partisan-split judiciary, John “It’s a tax not a penalty” Roberts long since caved to the Deep State.
That the FISA Amendments Act of 2008 — an unprecedented law granting retroactive immunity to wiretapping telecoms providers like AT&T — has withstood judicial scrutiny completes the analogy of the US to the former East Germany. The spook agencies are our unchallengeable Stasi. Amendment IV is a dead letter.
Trump would dearly love to know whether he is Egon Krenz — the final ruler of East Germany, who was merely imprisoned for three years after the regime’s collapse — or Nicolae Ceaușescu of Romania, who met a rather more sudden and decisive fate.
Deja vu all over again:
White House Weighs Helping Farmers During Escalating Trade War
As President Trump plans to ramp up tariffs this week, his administration has discussed providing financial aid to farmers who may be caught in the middle. — NYT
Just follow the Nixon playbook: cut a big grain deal with
the Soviet UnionRussia.And when that fails, try PRICE CONTROLS.
Trump is the new Nixon — and he’ll do anything.
Trump should visit a derma-graphic artist and have a swastika tattooed to his forehead just like Charles Manson had.
A piece of work, one for the books.
During his campaigns, in big arena rallies, Orange Pierre displayed a faultless populist sensibility. He told cheering crowds what they wanted to hear. When he occasionally blurted out the quiet part — e.g., ‘we don’t have to be in the Middle East other than we want to protect Israel’ — nobody seemed to mind.
But disdainfully dismissing price hikes, Marie Antoinette style — ‘let them buy domestic vehicles’ [if they can find one] — is a major blunder. Cuddly Trumpy Bear has broken character and removed his mask. Beneath it we see a flinty billionaire caudillo who, like George H W Bush expressing his amazement at supermarket price scanners (he hadn’t shopped in years), has no idea that America’s struggling middle class can’t just cut a check for a $60,000 ride.
Orange Pierre also exposes his economic illiteracy. If foreign auto makers are obliged to hike their prices 25 percent, then domestic makers can hike 15 percent and still undercut equivalent imports by 10 percent. And that’s just what they’ll do.
Price hikes infuriate the peeps. See Eric’s many essays about insurance mafia gouging. In poor countries, food price hikes spark civil unrest. What will it take to make Americlowns lash out at the oppressive new taxes to be imposed on Enslavement Day, April 2nd?
Trump is the new Walter Mondale: ‘OF COURSE I’m going to increase your taxes [dummies].’
He’s in office. We bought the ticket, now we take the ride. Still better than what we’ve been subjected to, and the economic catastrophe he’s bringing to a boil is a festering boil which needed to be lanced anyway.
Doesn’t mean I’m going to enjoy it, I just wish we’d had Trump about the time we got Clinton, as the accumulated corruption and debt has metastasized since then and the recovery/ reincarnation is going to really suck.
Sorry about the mangled metaphors.
Tariffs are fine as long as that added government income is offset by the abolition of federal income taxes. Probably not going to happen, so then it just becomes another government wealth transfer operation.
Tariffs are taxes on consumers, yes, but it’s a consumption tax which is much better than an income tax. I can choose not to buy things. I can’t choose not to pay income taxes. Let the morons who have to have the latest models of everything fund the government.
1.) RE: “Probably not going to happen”.
Didn’t you see? They pinky promised that as soon as they balance the budget they would get rid of income taxes,… They did add a correction: for those making less than $150,000 per year. So, over-the-rainbow.
2.) RE: “Tariffs are taxes on consumers, yes, but it’s a consumption tax which is much better than an income tax. I can choose not to buy things”.
You have to eat, don’tchya? Drink water, maybe from city pipes? Heat with fuel that’s trucked in? All those are impacted indirectly by the tariffs. Do you think the guys who paid extra for the trucks and/or parts to get you the food, water & fuel are gonna eat the increased costs?
Or, are they gonna, sooner or later, pass the price increase on to you?
The reality of it is messy, complicated, and chaotic. The seller won’t raise prices right away for a couple reasons, and when they do, some consumers will immediately push back by cutting consumption, large ones will renegotiate their deals. To the good, there will be opportunities created for little guys and startups with lower overhead willing to take a smaller profit margin while they grow.
To sum it up, uncertainty and hard times. I know my service business has been damned slow/stopped since last December. Industrial customers are holding off on projects.
‘Industrial customers are holding off on projects.’
Chaotic policy, changing whimsically day by day, does that.
‘Road to serfdom,’ as ol’ Fred Hayek said, commenting on the impossibility of planning under a socialist regime.
There it is again, Regime Uncertainty.
‘Regime Uncertainty and the Non-Recovery’
“When analyzing the prospects for healthy recovery from a crisis, “One also has to take into consideration whether markets are being allowed to work and if the “regime” is certain; stable, predictable, and consistent with stated policy, and the policy is conducive to entrepreneurship and prudent risk taking. Policies that impede competition and impose excessive tax burdens—or that in any way simply add to costs, reduce expected returns, or increase the uncertainty of business activity—are seen as the most important factors in forestalling recovery and turning economic corrections into stagnation, stagflation or depression.” …
https://mises.org/mises-wire/regime-uncertainty-and-non-recovery
“Or, are they gonna, sooner or later, pass the price increase on to you?”
I’m not a complete idiot. My point was, I prefer consumption taxes over income taxes. Dat aight witchu?
Do shizzle mofo!
I did not mean to imply you were a complete idiot. Just saying, there’s very little in the way of avoiding the tariff.
The morons pay, everybody pays. No gittin’ around it.
The only question is, how much?
Sorry, it’s Monday I guess I’m in a mood. If money is to be extracted to fund government, what’s the best way?
No biggie. And, did you ask, “what’s the best way for a mugger to take your wallet?”?
If, Then.
Well, if I had a choice to choose, I’d prefer my wallet was taken by a very attractive smiling young woman.
[Well, if I had a choice to choose, I’d prefer my wallet was taken by a very attractive smiling young woman.]
Sorry Charlie. Those are no longer in stock. Today Trannyverts are in stock,,, all sizes shapes and colors.
With the potential for more tariffs and what’s been going on in the Middle East, the Trump 2.0 administration increasingly appears to be a mixed bag like so many other Presidential administrations over the past several decades. But the alternative in 2024 was someone who was pretty much an empty vessel like Joe Biden was in his 4 years as “President”, and if we had a President Kamala Harris now instead of Trump, we’d likely STILL be in uncertain times, and who knows what the Democrat Party establishment, the DC establishment, and the globalist elite would be trying to shove down everyone’s throats. But even with Trump 2.0, technocrats appear to be on their way to implementing THEIR agenda.
So let me get this straight, the auto industry essentially has only 2 options?
1 – raise prices and squeeze US consumers (who apparently have an insatiable appetite and bottomless access to credit anyway) to pay more…and business goes on as usual.
2 – OEMs will take pity upon said consumer as their showrooms become silent and overpriced stock piles up (& with no guarantee that the next administration will continue tariffs), they will buckle under the crushing weight of Orange Man’s will and spend BILLIONS & BILLIONS to reshore manufacturing to the US (along with suppliers/chains) at little to no cost to the consumer and minimal interruption.
And all this will miraculously correct 50+ years of bad monetary policy? SMH
The idiot carmakers have raidsed prices from 35k to 50k in less than 5 years. I don’t think that the tariffs are going to affect prices that much. Cars are supposedly piling on the lots.
RE: “carmakers have raidsed prices”
Or, did the cost of production increase? Which resulted in higher prices being asked.
A farmer down the road is still selling eggs for $3 per doz. He said his feed costs didn’t go up, he has no reason to raise his prices.
If’n the cost of his feed did go up 20%, you can be sure he would increase the price of his eggs by that much.
So, I don’t see how you could say, “I don’t think that the tariffs are going to affect prices that much”. Unless, 20% isn’t that much to you?
They are Swamp –
In my area at least. I plan to do a video drive-by of the local Ram/Dodge/Chrysler lot. It’s chock full of 2024 models…
Hmm, that is the flip side of the coin. If people suddenly stopped buying the farmers eggs & the eggs started to pile up – and then his feed costs went up 20% – he wouldn’t be lowering his prices, rather; he’d stop selling eggs & feed the overstock back to the chickens he has. …Prolly kill off most of his chickens, too. End, production.
…Unless, you know, the Tangerine Man offered everybody vouchers for 3/4 off the price of eggs, ‘Cash for Cluckers’? Inventory would be flying off the shelves,… for a time.
Imagine how happy people would be to get a new car for 3/4 off sticker price.
‘Cash for Cluckers’ — LOL
Trump’s tariffs keep a-plucking and the chickens keep a-clucking.
>tariffs keep a-plucking and the chickens keep a-clucking.
LOL.
And they burned down the U.S. economy, with their very best regards.
Supposedly is the key word.
Always the doom and gloom headlines of “80% of Americans can’t afford a surprise emergency.”
And stealership lots are apparently running over with $80k pickups. Yet, no dealerships have closed – at least not in any noticeable amount. Nissan and CDJR seem to be in the worst shape, but no closures yet.
I’m waiting for RV dealers to appear as a canary in the coal mine, as the RV industry was obliterated early during the 2008 “crisis.”
The “taking on more debt show” continues to (inexplicably) go rolling right along.
Hi Flip,
It works until it doesn’t, eh? Extending financing has worked to float the obscene rise in the cost of vehicles, which now routinely transact for $50k. But this cannot go on indefinitely in that the items being financed are consumer appliances that depreciate over time. I think seven years is probably the outer limit that a vehicle can be financed – from the point of view of people who take out the loan. Imagine still owing $25k on a vehicle that is only worth $20k. Come and get it, many will say.
As far as the “80 percent.” It rings true to me. And while people can “charge it”- the $1,000 expense they can’t pay in cash – the interest on cards is 25 percent and higher. That can’t be sustained, either.
What’s badly needed are affordable, practical vehicles such as the $13k HiLux Champ I’ve written about several times. It is less than half the cost of any “legal to buy” pickup you are permitted to buy in this country. Want to make America great? Let Americans buy a vehicle they can pay off in three years for $400 per month.
>Imagine still owing $25k on a vehicle that is only worth $20k.
No need to “imagine” it, Eric. “That’s a fact, Jack,” as Bill Murray & friends put it, long ago. Ever hear of “gap insurance?” Clever, these debt peddlers. But what happens when the “gap insurance” exceeds the “loan payment?” Aye, the two curves cross, and the rube gets nailed to the cross.
“The village economist he was there,
His textbook in his hand,
Assuring all the people that
Supply would meet demand.”
“Singin’ ‘Balls to yer partner,
Arse against the wall,
If you don’t get f*cked on Saturday night
You’ll never get f*cked at all.'”
.
In order for this financing lunacy to continue, not only will one need the standard auto (liability/comp/collision) but also GAP insurance and one of those extended warranties – if they don’t want a sudden bill for a $15k engine replacement with the turbo sump pump of an engine or $8k CVT takes a dump – when the car has all of 101k miles on it.
I have read about small businesses taking on huge amounts of debt in order to stay in business. Until, suddenly, they went out of business. They held on for a long time though.
Similar to home builders in 2008, they held on for a loooong time.
Have you seen this, I wonder if the car companies are into these kinds of shenanigans?:
Party City. Joann’s. Forever 21. Big Lots. ALL COLLAPSING.
But this isn’t just “retail struggling.” This is financial arson.
Private equity rigged the system. They built a time bomb. And now? It’s detonating.
https://x.com/TheVinoMom/status/1901662703292211595
[It’s a series of super-short video segments stung together as one. You may have to wiggle your mouse over the video to keep the string rolling?.]
‘er, “a series of super-short video segments STRUNG together as one.”
Option 3 is to file for an injunction against Trump’s tariffs, invoked using an emergency clause in International Emergency Economic Powers Act (IEEPA).
Trump’s claimed emergency is easily challenged on the ground that Article 1, Section 8 gives Congress the exclusive power to set tariffs. Moreover, IEEPA does not even contain the word tariffs. Trump has gone caudillo on us.
As Trump crudely extorts big law firms, can auto makers even find an attorney to represent them? By the end of this week, we’ll know whether they are going to court, or instead trying to cut corrupt insider deals to get a leg up on their peers — the Elon strategy, in other words. It’s a squalid scene in either case.
Gold [at a record $3,150 an ounce this morning] is the anti-Trump.
People should have known this was coming when he had his official presidential portrait made showing him with a stern, Hitler-like scowl. He also made it clear on the campaign trail that he wasn’t going to pretend to be friendly to the middle class this time around.
No major candidate has been friendly to the middle class for decades. You’re right about the hitler like scowl though. It has been a long two months.