 |
| Source:The David Pakman Show with a look at how Dictator Don responds to real questions. |
From David Pakman
From the President of the United States:
"This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden “Overhang.” This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!"
From Donald J. Trump
From The New Democrat on Wednesday:
"So when the U.S. Government passes tariffs on another country, (like the People's Republic of China) 2 things happen:
their products become more expensive in America because it's not Chinese companies, or the PRC Government that's going to eat those costs. It will be the American consumer.
And then 2nd, China starts sending fewer of their products to America, because now they're too expensive because of the tariffs for most Americans and they take their business somewhere else, which weakens the supply chain in America.
What I'm giving you is really an economics 101 lesson that Mr. Hassett probably got in college 40 years ago. But he's either forgotten that (because to work for Donald Trump, you have to lose your brain, first) or, (and this is my guess) he's simply lying for his boss on national TV."
From The New Democrat
I really don't have anything to what Fred Schneider said about President Trump's economic policy. I think he put it all out there as far as what people need to know about these tariffs on TND. I do have 1 response to what David Pakman said here and I'm probably in complete agreement here with him. And I'm going to drop a few facts (as the young people say. Or is that drop some knowledge?) about the state of President Biden's economy, versus President Trump's long, but just 1st quarter.
To sum up what David Pakman said: when things are great, it's Donald Trump's credit. But when they go bad., it's everyone else in the world, first and never Donald Trump's fault.
President Harry Truman who was about as honest and direct a politician that we've ever had in this country, had a famous expression: the buck stops here. Meaning the buck stops with the President. Whatever happens on the current President's watch, the President gets the responsibility for what happened, because it happened on his watch. Whether that's fair or not... not the issue. That's just a real-life fact that every American President has had to live with, at least in the mass communications age.
Donald Trump obviously has created his own personal standard for himself, that apparently not even all of his supporters agree with him on:
"This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!"
I think is a pretty good clue there that when things go bad on his watch, he's not even politically immune from his own base for that responsibility. How else to use explain a 42% approval rating? Which is about a 15% drop in his share in the popular vote in 2024. So he's dropped 15% in approval from Election Night 2024, but 22% from where he started out on January, when he was at 54, But the personal standard that he's set for himself is:
"I'm responsible for anything that goes well in America. And it's always someone's else's fault."
To put it more simply: The luxury items stop with DJT. The junk stops with anyone who is not Donald J. Trump.
In case facts still mean anything to anyone else in America: (perhaps not a safe bet at this point) I'm going to share some facts with you about President Biden's economy versus President Trump's.
In 2024, the American economy grew at 2.4%.
Last quarter under President Biden, the economy grew at 2.8%.
President Trump's 1st quarter of 2025, the economy shrank at 0.3%.
The last full day of Joe Biden's presidency the Stock Market closed at 43,487.83.
Yesterday under President Trump, the Stock Market closed at 40,669.36. Think about that last 1: the Stock Market hast lost almost 3,000 points. That's not points in a sports sense. That's trillions of dollars, net, that the American economy has lost under President Trump. $11 trillion to be exact. And we know why too and as Fred Schneider said on Wednesday:
"So when the U.S. Government passes tariffs on another country, (like the People's Republic of China) 2 things happen:
their products become more expensive in America because it's not Chinese companies, or the PRC Government that's going to eat those costs. It will be the American consumer.
And then 2nd, China starts sending fewer of their products to America, because now they're too expensive because of the tariffs for most Americans and they take their business somewhere else, which weakens the supply chain in America."
When Americans spend less money because:
A. they don't have it to spend
B. the costs of what they want to buy is now too expensive
C. is probably the right reason here: what they want to buy is not currently available because people stocked up on while they could still afford it and the prices went up on it because of tariffs.
The American economy (whether you like it, or not) is a consumer driven economy. It's dependent on innovation and consumer spending to drive economic growth. So when you unilaterally make products that Americans want to buy more expensive, they buy less of them and that weakens economic growth.
And because of Donald Trump's economic protectionism, America not just lost the $600 billion that it gained from the last quarter of 2024, but it lost an additional $100 billion during the 1st quarter of 2025.
So we can either blame President Trump's tariffs for the lost of economic growth because his policy is driving it, or we could blame The Invisible Man. But since no one has ever seen or met The Invisible Man before, (ha, ha) the safe bet is President Donald J. Trump.
You can also see this post on WordPress.
No comments:
Post a Comment
All relevant comments about the posts you are commenting on are welcome but spam and personal comments are not.