I’m 80 years old on a fixed income. Lower middle class. The economists have gotten us where we are now with the assistance of cowardly mendacious politicians. As a country, we’ve been living way beyond our means for at least 50 years. The U.S. is so far in debt that that sky high inflation has been in the forecast for decades now. This is the first leader with the courage to tackle the situation head on. Everyone else was unwilling to speak or acknowledge the truth (just like our doctors and medical experts). They just kept spending us further into debt so they could stay on the gravy train and get re-elected. The old socialist Ponzi scheme was ready to collapse anyway. Let’s buckle up and give the man a chance to minimize the destruction if he can. Of course it’s going to hurt but we can do it.
You know the financial destruction of the country was the intention of the elites and banksters and progressives and globalists and the U.N. and WEFers all along, right? This guy, Trump, is your last chance to, maybe, get out of the financial pit we are in without giving up what is left of our liberty.
The best information on the tariffs I've seen anywhere. It takes a journalist, a truthful journalist like Sharyl Attkisson to tell all sides of the story like nobody else can. Brava and thank you.
The truth — the outcome — has yet to be revealed about Trump’s tariffs and policy. No one really knows. But one truth is the U.S. has been on a dangerous spending spiral that continues to risk calamity. That practice is what Trump is attempting to remedy. $37 TRILLION IN DEBT! Tariffs are just part of his attempt to fix. He may not be given enough time to remedy the situation so I’m willing to see his fast track efforts through.
"As Trump’s tariffs unfold, the question isn’t just whether they’ll tank the economy—it’s why some in media are giving so much credence in critics crying “doom” after getting so much wrong before."
The media gives them credence because:
- Conflict sells
- They see Trump as the enemy, as a bad person, so there's a moral (and revenge) element to the critiques
- They know it plays well for their readers, who read and watch their outlets to be told that Trump is stupid and evil.
Everyone keeps pretending -- with an aire of false confidence -- that they know what's going to happen. Those who want to control everything are especially freaked out. The reality is that it's mostly unpredictable. If I were a betting man, I'd put my money on Trump for the long haul.
Much of human well-being comes from gains from trade hence restricting trade diminishes societal well-being. And keep in mind that, while a relatively small minority probably will enjoy increased cash incomes due to trade restrictions, 100% of Americans are consumers and they will all suffer negative consequences. Trump's trade interference will lead to Americans working harder while receiving less in return and once that becomes evident they aren't going to be happy, understandably.
Trade deficits have much more to do with the US living beyond its means than trade restrictions in foreign countries. Even if the American people as a whole were to choose to live within their means does anyone really believe DC will?
One issue many aren't considering, or may not understand, is the American people have benefitted greatly from buying real goods and services from overseas while paying with dollars conjured out of thin air after which foreigners often retain those dollars or even buy US Treasury debt. To a material extent overseas producers have actually been financing the remarkable lifestyle Americans enjoy. The US has also been able to export price inflation which Americans would otherwise bear at home. To the extent tariffs alter current monetary inflation financed trade flows Americans will, once again, end up working harder and receiving less.
I could detail other negative consequences, with virtually no societal benefits, but I'll leave it with this. The current financial bubble, decades in the making, has been looking for its pin (secular financial bubbles always blow up eventually). Trump's trade interventions, rather than providing a a mere pin, are likely to slash the bubble with a hot knife. I should note the resultant pain, which will be dreadful long term for many who are presently comfortable, will be due to resolution of decades of monetary and fiscal distortions. Trump's actions regarding this particular issue are only the trigger, albeit pulled vigorously.
Unless an increase in trade ultimately results, through negotiations, Trump has committed a mind numbing blunder economically, financially and politically. Much of the world, not just Americans, will suffer as a consequence.
Perhaps I should note, in most regards I support Trump's actions. Furthermore I haven't been a political party member for decades and I couldn't care less about partisan politics. My comments are just keeping it real.
String a thousand economists head to toe and they still won’t reach a conclusion. There is obvious political bias in all of these predictions. The dismal science is not science at all, just opinion based on any number of factors, among them being Trump Derangement Syndrome. The predictable knee jerk reaction to anything Trump does is: wrong, bad, evil, fascist, misogynistic, racist, homophobic, or stupid.
04/08/25: Excellent article. And every single one of these parrots who screamed "transitory" during the Biden years was ORDERED to say that. The Dinkocrats speak as ONE voice. Everyone reads from the same bullet points each and every day. They have all the free will and spontaneity of the Kremlin apparatchiks under Stalin. Ignore them.
You forgot the always wrong Jim Cramer. In essence all the criticisms come from the America Last wing. Trump is smarter than all combined. His instincts come from actually doing business, rather theoretical nonsense posing as knowledge.
I’m 80 years old on a fixed income. Lower middle class. The economists have gotten us where we are now with the assistance of cowardly mendacious politicians. As a country, we’ve been living way beyond our means for at least 50 years. The U.S. is so far in debt that that sky high inflation has been in the forecast for decades now. This is the first leader with the courage to tackle the situation head on. Everyone else was unwilling to speak or acknowledge the truth (just like our doctors and medical experts). They just kept spending us further into debt so they could stay on the gravy train and get re-elected. The old socialist Ponzi scheme was ready to collapse anyway. Let’s buckle up and give the man a chance to minimize the destruction if he can. Of course it’s going to hurt but we can do it.
You know the financial destruction of the country was the intention of the elites and banksters and progressives and globalists and the U.N. and WEFers all along, right? This guy, Trump, is your last chance to, maybe, get out of the financial pit we are in without giving up what is left of our liberty.
Hear! Hear! The country's broke, the system is rigged and the experts have been too wrong for too long.
Beware of the experts: "An expert is a person who has made all the mistakes that can be made in a very narrow field." —Niels Bohr
Experts broke the world. It's amazing that they still expect people to put any stock in their Ex Cathedra pronouncements.
Great analysis, Sharyl. Not surprisingly, the mainstream media won’t remind their viewers (or readers) about these past wrong predictions.
The best information on the tariffs I've seen anywhere. It takes a journalist, a truthful journalist like Sharyl Attkisson to tell all sides of the story like nobody else can. Brava and thank you.
The truth — the outcome — has yet to be revealed about Trump’s tariffs and policy. No one really knows. But one truth is the U.S. has been on a dangerous spending spiral that continues to risk calamity. That practice is what Trump is attempting to remedy. $37 TRILLION IN DEBT! Tariffs are just part of his attempt to fix. He may not be given enough time to remedy the situation so I’m willing to see his fast track efforts through.
We only need 2 weeks of sacrifice to get past the worst. - brain trust faucibiden monster. Then yelling yellen and the economic genii as you said.
Yet people believe in their rainbow non-intellectual vomitosus as though they know anything - but hate for our country.
Keep churning Sharyl!!!
"As Trump’s tariffs unfold, the question isn’t just whether they’ll tank the economy—it’s why some in media are giving so much credence in critics crying “doom” after getting so much wrong before."
The media gives them credence because:
- Conflict sells
- They see Trump as the enemy, as a bad person, so there's a moral (and revenge) element to the critiques
- They know it plays well for their readers, who read and watch their outlets to be told that Trump is stupid and evil.
Keeping score of predictions seem
fair. Fools make absolute predictions
Everyone keeps pretending -- with an aire of false confidence -- that they know what's going to happen. Those who want to control everything are especially freaked out. The reality is that it's mostly unpredictable. If I were a betting man, I'd put my money on Trump for the long haul.
The "experts"....
If stud Trump is wrong, why are all those countries trying to kiss T's big butt for?!
Finally, if that decision proven to be incorrect in time, simply reverse course!
Much of human well-being comes from gains from trade hence restricting trade diminishes societal well-being. And keep in mind that, while a relatively small minority probably will enjoy increased cash incomes due to trade restrictions, 100% of Americans are consumers and they will all suffer negative consequences. Trump's trade interference will lead to Americans working harder while receiving less in return and once that becomes evident they aren't going to be happy, understandably.
Trade deficits have much more to do with the US living beyond its means than trade restrictions in foreign countries. Even if the American people as a whole were to choose to live within their means does anyone really believe DC will?
One issue many aren't considering, or may not understand, is the American people have benefitted greatly from buying real goods and services from overseas while paying with dollars conjured out of thin air after which foreigners often retain those dollars or even buy US Treasury debt. To a material extent overseas producers have actually been financing the remarkable lifestyle Americans enjoy. The US has also been able to export price inflation which Americans would otherwise bear at home. To the extent tariffs alter current monetary inflation financed trade flows Americans will, once again, end up working harder and receiving less.
I could detail other negative consequences, with virtually no societal benefits, but I'll leave it with this. The current financial bubble, decades in the making, has been looking for its pin (secular financial bubbles always blow up eventually). Trump's trade interventions, rather than providing a a mere pin, are likely to slash the bubble with a hot knife. I should note the resultant pain, which will be dreadful long term for many who are presently comfortable, will be due to resolution of decades of monetary and fiscal distortions. Trump's actions regarding this particular issue are only the trigger, albeit pulled vigorously.
Unless an increase in trade ultimately results, through negotiations, Trump has committed a mind numbing blunder economically, financially and politically. Much of the world, not just Americans, will suffer as a consequence.
Perhaps I should note, in most regards I support Trump's actions. Furthermore I haven't been a political party member for decades and I couldn't care less about partisan politics. My comments are just keeping it real.
If tariffs are so bad why does every other country use them? And why aren’t we? What’s good for me is good for thee!
String a thousand economists head to toe and they still won’t reach a conclusion. There is obvious political bias in all of these predictions. The dismal science is not science at all, just opinion based on any number of factors, among them being Trump Derangement Syndrome. The predictable knee jerk reaction to anything Trump does is: wrong, bad, evil, fascist, misogynistic, racist, homophobic, or stupid.
04/08/25: Excellent article. And every single one of these parrots who screamed "transitory" during the Biden years was ORDERED to say that. The Dinkocrats speak as ONE voice. Everyone reads from the same bullet points each and every day. They have all the free will and spontaneity of the Kremlin apparatchiks under Stalin. Ignore them.
You forgot the always wrong Jim Cramer. In essence all the criticisms come from the America Last wing. Trump is smarter than all combined. His instincts come from actually doing business, rather theoretical nonsense posing as knowledge.