QuoteThat potentially disastrous combination of slowing growth and rising inflation is difficult to overcome. Although economists don't yet expect anything close to the so-called stagflation of the 1970s, the rapid reordering of global trade dynamics is causing tremendous confusion and unease among consumers, businesses and traders.
High unemployment should keep prices down. But when 'Make America Great Again' means returning to 1973 via inflation introduced by Trump tariff, we get a shitshow.
Trump Calls Groceries an 'Old-Fashioned' Word During Tariff Speech: - It Sort of Says a Bag with Different Things in It
Tariffs are a national sales tax on imported goods. Trump does this, and at the end of the year he makes tax breaks on the rich permanent. One tax merely replacing the other, and Trump gives America new regressive taxes. Nothing else changes, and here is the important thing which is missed.
A national plan to bring manufacturing back to America would be Socialist. Trump and other republicans would never allow it. The same people who exported manufacturing are not going to import it. ::)
All Trump is doing is moving taxes to the lower class so his base will kiss his royal ass. Any plan to move manufacturing to America would reduce profit. Trumps base is all about getting as much as they can for themselves. They are Nazis.
They think their way is the American way. All you can for yourself, and fuck everyone else. The not so secret handshake of the rich.