 |
Trump Holds Disaster Event on Tariffs…Blows Up Economy
He tanked the markets, babbled about plastic eggs, and called it “Liberation Day.” I call it one of the most deranged press conferences in U.S. history.
I wish I were making this up. Donald Trump just held what may go down as the most disastrous press event in modern American history. I watched it live, and if you care about the future of this country, you should watch my latest report. Because this event wasn’t just bizarre—it was dangerous.
Standing outside the White House like a cartoon villain, Trump proudly announced a 10% baseline tariff on every country in the world (Canada and Mexico currently exempted and being handled separately) and 25% tariffs on all foreign-made automobiles. Then he went country-by-country with a clumsy chart, inventing numbers and butchering trade policy like a deranged game show host. Markets instantly plummeted. The S&P after-hours chart basically turned into a cliff.
He talked about “cheating at the gate,” accused the European Union of robbing us, called Vietnam “great negotiators,” and said Taiwan “took all our semiconductors.” Then he started waxing poetic about the word “groceries.” Yes, groceries. “Such an old-fashioned term.” Huh?!
This isn’t funny. This is the guy who promised prices would go down on Day One. Instead, he’s crashing the economy and triggering inflation with a trade war against the planet. He thinks tariffs are some magic wand, even though history (and economists) agree they’re taxes on the American people. Tariffs hurt the middle class. That’s why we moved to an income tax system in 1913—something Trump seems to think was a global conspiracy against him personally.
He cited 1789 as America’s peak wealth era. Really, 1789? That's when the country didn’t even have electricity, but sure, let’s pretend we were all billionaires churning butter and dying at 40.
Then, of course, he attacked Canada. Because when in doubt, blame the Canadians. He claimed they “screw us” on milk and called them a national security threat—because apparently, Canada’s been the real problem all along.
At the end of his performance, Trump said we’d all look back on this day as “Liberation Day.” Liberation from what? Sanity? Logic? Economic stability?
A CNBC anchor noted following Trump’s announcement: “The market reaction after hours, I've never seen anything like it. This is worse than the worst-case scenario of the tariffs that many in the market expected.”
This is what happens when you put a bankrupt con man in charge of a global economy. The same guy who couldn’t run a casino without losing money is now trying to run the country like a reality show—and we’re all footing the bill.
Either Trump is the most incompetent man to ever touch economic policy, or he’s actively trying to destroy the United States. I think it’s both.
Watch my latest report above. If you appreciate our independent reporting, consider joining today as a paid subscriber to the Meidas+ Substack.
Add the MeidasTouch Podcast on Apple Podcasts and Spotify to keep this momentum going.
President Biden worked to restore American Manufacturing with a sensible plan that worked. Trump's sledgehammer approach is LUNACY! It requires years to build facilities, find qualified companies....you don't simply build manufacturing plants overnight due to TARIFFS.
Amnesia fails to remember that Trump tanked the ECONOMY during his FIRST REIGN OF ECONOMIC TERROR & INCOMPETENCE.
DEFICIT was caused by TAX CUTS FOR THE WEALTHY...remember the MAGA CLOWNS who denied it? Now MAGA GOP want to make the TAX CUTS permanent & the LONG TERM DEFICITS have been reported $4.5 TRILLION?
SMOOT-HAWLEY TARIFF ACT has been blamed with creating the DEPRESSION or making it worse. Look it up - it was pretty irrational!
"R" voters are conspicuously uninformed & embrace their 'echo chambers' to embrace MAGA LIES without question.
I encourage everyone to do VOTER CANVASSING in Republican areas! It's the most enlightening thing you can do!
I did some door-to-door to remove a CORRUPT CANDIDATE & the response was invariably "WE ONLY VOTE FOR REPUBLICANS!"
I knocked on doors in a few conspicuously poor areas & received similar responses.
The most striking was the voter, DRUNK before NOON lecturing me in slurred speech.
Another actually called the POLICE because I knocked on his door.
MASSACHUSETTS has had several candidates who LIE - easily disproven LIES! Republicans rally around them. Most recently, it was CARPETBAGGER JOHN DEATON who challenged Senator Elizabeth Warren. JOHN DEATON, surrounded by other REPUBLICANS lied!
MEIDASTOUCH is a gift of TRUTH they don't want to hear over FOX NEWS = FAKE NEWS LIARS.....BUT now reality has set in with the BUDGET SLASHES that are effecting THEM.
Tragically, unless they are impacted personally, they don't care about anyone else.
They don't see how the slashed funding of USAID impacts them....until we have EBOLA or TB in our nation. They don't understand why AGENT ORANGE cleanup in VIETNAM matters after the tragic death tolls.
This nation has a DEBT to PAY!
Also note that these MAGA DOGE clowns slashed USAID that was funding the CLEANUP of AGENT ORANGE in VIETNAM. The funding abruptly was cut & workers abandoned the CLEANUP leaving AGENT ORANGE uncovered in VIETNAM's rainy season allowed the contamination to flow into rivers.
FROM AMERICA AMERCA by STEVEN BESCHLOSS:
The Trump regime’s reckless mishandling of a promised Agent Orange cleanup in Vietnam is the topic of a well-reported ProPublica story that Mark Jacob and I highlight in a new On-Target video. This deadly contamination dates back to the spraying of 10 million gallons of the toxic chemical during the Vietnam War, leading to the deaths of over 300,000 U.S. veterans and over 400,000 Vietnamese people. The cleanup of still highly poisoned soil has been a critical component to building a positive relationship with Vietnam and securing annual commerce of $160 billion.
The result of this careless cutting? Undermining the credibility of America in Vietnam and around the world as it pulls back on commitments made under USAID, the foreign aid agency under attack by Donald Trump and Elon Musk.
Jacob is author of the excellent “Stop the Presses” newsletter. Check it out if you haven’t already.
I previously wrote that visiting a friend in a VA HOSPITAL, a man overheard me speaking to a doctor & called out to me.
He was a friend I hadn't seen in years who had metastatic cancer from VIETNAM. He knows how he's going to DIE, but the VA DOCTORS were trying alternatives to keep him comfortable & their care was superlative.
VA CARE is being SLASHED!
The NATIONAL BUDGET defines a NATION! Will we allow it to stand for MORAL DEPRAVITY?
Let's SUPPORT TRUTH, FACTS & CARING FOR ONE ANOTHER!
SATURDAY APRIL 5TH is the day to STAND UP!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.