Merch of the Penguins
At this point, it's as if Donald Trump is daring us to call him out on his obvious dementia. His laughable Independence Day was him unveiling his sweeping 10% tariff on every nation on earth, including the Heard and McDonald Islands, which are populated solely by penguins. It's resulted in China imposing a 34% retaliatory tariff on all US goods starting this Tuesday. (Trump hit China with a 54% tariff).
Yes, Trump and his idiot advisors have declared a trade war on penguins.
As if that isn't a rationale for putting Trump's pudgy limbs in four point restraints, there's the not-so-funny effect of how this is affecting not just our economy but the global economy. First off, Wall Street, again, went into a free fall, losing 1400 points in one day, or 3.5% of its value. If that doesn't sound like much of a drop to you, just consider the palmier days of last month when the Dow Jones lost just 1000 points and lost two trillion dollars.
This is happening because either the morons surrounding him are either True Believers in this Heaven's Gate style of economics or are too afraid to call him out as the financially illiterate shit for brains he truly is.
There are precious few people on the Beltway who are willing to take him aside and make him understand that tariffs on other countries result in higher prices for the American consumer, of whom Trump simply doesn't give a shit. It will result in revenge tariffs and some of these countries will simply choose not to trade with us in order to avoid the unnecessary tariffs being imposed on them.
Donne Dumbo has never realized you can't use tariffs as a mob boss tactic because when you unfairly raise them on other countries, they will retaliate, they will restrict or terminate any trade agreements with us and, on a large enough scale, it will result in a recession or even a depression. You don't have to be a Nobel Prize-winning economist to know that international trade, as with everything else on the world stage, is a delicate balancing act that has to be handled by trained professionals, policy makers and competent statesmen.
Donald Trump, obviously, is none of those things. In fact, we're talking about a guy who'd filed for bankruptcy six times, including bankrupting all of his Jersey casinos, a business model that's predicated on getting people to give you vast sums of money and expecting little to nothing in return.
And putting Trump in charge of anything is like being strapped to a chair while being in the same room as a chimp with a machine gun.
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