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Showing posts with the label economists

Who pays Tariffs? The point people are missing.

From the moment President Trump announced "Liberation Day" and laid out a list of tariffs he planned to impose, we've heard from economists, politicians, the media and the Federal Reserve about the impact of the tariffs on consumers.  Clothing, food, technology, cars, and toys are some of the categories of products tariffs will effect.  But there is a key point they overlook in their complaints about tariffs. From the media, we see headlines like these: CNN - "'Sneakflation': How Trump's tariffs are gradually raising costs for American consumers." Forbes - "Tariffs may have a bigger impact on consumers than some experts think." The Hill - "The misery of auto tariffs is hitting families and factories." Then there was the Federal Reserve which held off changes in the interest rate citing the "uncertainty" caused by tariffs as their reason for doing so. Democrats' criticism has been a bit awkward because progressives su...

Differences between the Democrats and "The Donald"

Almost anyone will tell you there are stark differences between Democrats and President Donald Trump.  I thought I'd call out some differences in a way that I have not seen anyone else do.  Two comparisons, one looking "back" to compare what the Democrats did to stimulate the economy under President Obama versus what President Trump did.  The other comparison looks forward - what is President Trump promising to do on the subject of jobs versus what the Democrat candidates for President are promising to do if they are elected.  But let's start with the look back. In 2009, President Barack Obama was sworn into office and joining him was a huge Democrat majority in the U.S. House and a "filibuster-proof" majority in the U.S. Senate.  Upon taking office, President Obama and the Democrats were faced with an economy in shambles.  They made it a top priority to develop and pass legislation in 2009 to stimulate the economy. In 2016, President Trump was sworn in...

Don't talk to me about Climate Change...

Talk to me about the environment.  Climate change fanatics focus on how the oceans will rise a half inch 50 years from now and how the economy will collapse 100 years from now.  Some of the claims are hard to believe, particularly any economic projections that far in advance, and the messaging of this has been poorly done and divisive.  What people should be talking about, and what I would be interested in, is the environment that exists right now.  People can see those problems and we can personally do something about them right now and this can be explained in a way that unites rather than divides people.  It makes me wonder why the people concerned about climate change people didn't start or stay there. Perhaps that's a reason why I have so little interest in climate change.  The environment used to be important.  Then there was a hue and cry about the Ozone layer being depleted and how soon the Earth would die from that.  Then the crisis bec...