As interested people searching for policies that just might work, we’re keenly aware of how important finding some bedrock facts on which to build. So it has shaken us to find the contempt facts are held in by some wishing to lead us into the future. Two cases especially are “nails on the blackboard” cringe-worthy. Our President endlessly tells us China, not American importers are paying his tariffs and two leading Democratic Presidential candidates inform us Michal Brown of Ferguson, Mo infamy was murdered. Lies such as these are just plain toxic to good policy. A closer look will show the devastating effect these two falsehoods will have going forward.
We warned if Trump was elected, Republicans would ultimately face a major dilemma. Judges, lower taxes, and regulatory reform could go a long way for many to hold their noses and go along with the President. We warned at some point, though, the other parts making up Trump’s policy views, protectionism, free-spending, favoritism, and a schizophrenic world view had more in common with the Democrats. Now that these have come to the fore, Republicans have to ask themselves what they actually stand. Worse they threaten to undo any good accomplished. The world economy appears to be slowing across the board.in no small part because of Trump’s ongoing trade wars. Remember, trade is one of the three ways we get More” and anything that impedes it will ultimately result in “Less.’ By slapping on tariffs willy-nilly, he has upset world trading and investment patterns without an apparent long-range plan. This weapon is an especially strange as it ‘s a large tax paid by Americans. Regardless of Trump’s claims otherwise, only US registered firms sending money to US Customs. Other than Trump, no one believes otherwise. Even his own Director of the National Economic Council, Larry Kudlow, distanced himself from this whopper. He and most other economists are well aware of the harmful contributions tariff wars and their accompanying competitive devaluations made to the great depression. These weapons have been described as a gun with two barrels, one firing forward and one firing back at you. A truly foolish weapon to use.Continue reading