Tariffs Worked “Spectacularly Well”
Comments
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Biden's inflation problem was a supply chain/COVID unemployment aid problem, or it wouldn't have been so short-lived and wouldn't have essentially disappeared by 2023. It was transitory, like it or not. The fact it became bad politics to tell people the truth isn't a new phenomenon.
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Transitory in that the Fed slowed it down dramatically with 5 point increase. I know we disagree on that point though.
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It was a dramatic rise from zero, but interest rates at zero was pretty unusual too.
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A great deal of the fields are now picked by machines. We don't need wetbacks. They now take construction jobs etc from American citizens. We can't have that. The are ALL criminals. Every single one. Who hires criminals?
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Just more of your liéurly armchair philosophy.
100% of Trump's tariffs are paid by American importers.
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Which is not actually a word but an interesting looking typo which looks like it fits
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Sort of true, but misleading.
American Importer: I was paying you $100 per unit, but if I pay a $15 tariff to the US government I can't sell it to make a profit. So, no sale.
Chinese Exporter: I'll eat the tariff and charge you $87. You pay the $13 tariff and your cost remains.
The truth lies somewhere in between. But AOG can't handle the truth. Trump's first round of tariffs with the chicoms didn't result in destabilizing inflation. Biden's Make Inflation Greater Act certainly did.
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Yeah the clearing price is what gets negotiated. Who mechanically pays the tariff bill is fucking meaningless and funny that AOG thought he made a point.
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The problem is US importers, that is Americans, will always pay 100% of the tariffs. There is no escaping that despite the Trump adminstration's repeated lies to the contrary.
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Even H thinks you are crazy at this point.
