Connect with us

AMERICAN IDIOT

‘Guess You Flunked Econ 101’: Trump Mocked for Insane Rant Falsely Claiming His New Tariffs Are Paid ‘By China’

Published

on

“I’ve never seen a president so proud of raising taxes on American consumers.”

They say love is blind and when it comes to President Donald Trump, it’s true. Trump loves tariffs so much he once bragged, “I am a Tariff Man.”

Sadly, Tariff Man does not know how tariffs work.

President Trump just imposed a 25% tariff on $200 – $250 billion in goods imported from China into the U.S.

And in a Friday morning tweetstorm he insisted those tariffs are being paid “by China.”

That’s false.

The tariffs are being paid by the companies – American companies – that import those products. Those companies then, more than likely, pass those costs on to the consumer – Americans – who cover the increased costs.

Trump is intentionally blind to this very basic fact of economics.

Trump is also intentionally blind to how manufacturing works.

Friday morning, apparently feeling uncertain his previous seven tweets promoting his false tariff plan had not succeeded, he added an eighth:

But a quick glance at the list of Chinese products subject to his new tariffs show many of them, like copper, aluminum, lead, zinc, metal gaskets and washers, are not sold directly to consumers, but to manufacturers making other products. They are parts.

He just doesn’t get it, as many on social media were quick to point out – and mock him for his willful ignorance:

Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

AMERICAN IDIOT

Trump Throws Tantrum: Republicans Will Not Vote in 2022 or 2024 ‘If We Don’t Solve the Presidential Election Fraud’

Published

on

Donald Trump Joe Biden twitter

Donald Trump has issued another threat, but this one may make some Democrats happy. The former president, claiming to speak for the entire 29 percent of Americans who identify as Republicans, says none of them will vote in the upcoming 2022 midterms or 2024 presidential election unless the 2020 voter “fraud” – of which there was essentially none – is not resolved.

It is an empty threat and one but one that could easily backfire, just as his months-long campaign of lies about mail-in ballots ultimately kept some GOP voters from casting a ballot last year.

“If we don’t solve the Presidential Election Fraud of 2020 (which we have thoroughly and conclusively documented), Republicans will not be voting in ‘22 or ‘24. It is the single most important thing for Republicans to do,” Trump said in a statement.

To be clear, there was effectively zero election fraud, and about 60 courts across the country agreed.

It’s far too early to get anyone to commit on voting or not voting 13 months from now, or three years from now, but the former president, who many believe will run again in 2024, isn’t doing democracy any favors by claiming to own the ballots of tens of millions of Americans.

 

 

Continue Reading

AMERICAN IDIOT

‘Stupidest Thing I Have Ever Read’: Madison Cawthorn Scorched for Wanting Cryptocurrency to Be ‘The New Gold Standard’

Published

on

U.S. Rep. Madison Cawthorn (R-NC) is getting mocked yet again, this time for suggesting the United States and the rest of the world should tie all our currencies to highly volatile, all-but-totally-unregulated, and environmentally damaging cryptocurrency.

He’s also apparently unfamiliar with the fact that the United States stopped using the gold standard, first in 1933 under FDR, and ultimately cut all ties to it under President Richard Nixon in 1971.

Doing so would also harm America greatly in other ways. The U.S. dollar is “the world’s reserve currency.”

It’s not going well for Cawthorn.

 

Continue Reading

AMERICAN IDIOT

‘Let Me Explain to You Again Peter How Our Process Works’: Psaki, Growing Tired, Forced to School Doocy Again

Published

on

Since January White House Press Secretary Jen Psaki has patiently informed Fox News’s Peter Doocy of facts in a wide variety of issues, deftly taking his uninformed questions, knowing it is likely the only way the Biden administration’s words will be broadcast to far right wing viewers.

But Psaki appears to be growing tired of Doocy’s attempt to twist facts to meet his agenda.

On Monday, Doocy once again tried to conflate the administration’s efforts to end the coronavirus pandemic with undocumented migrants entering the country illegally – forcing Psaki to once again school the 34-year old Fox News personality.

“What’s going on at the border? Is somebody asking the foreign nationals who are walking in Del Rio, Texas and setting up camps on this side of the border for proof of vaccination or a negative COVID test?” he asked, despite his network’s daily on-air opposition to so-called “vaccine passports” and even the vaccine in general despite having a corporate policy mandating proof of vaccination for employees or daily testing.

“Well, first of all I can re-address for you or re-talk you through what steps we take,” Psaki offered before Doocy interrupted her.

“Compared to the policy for people who fly into the country. So, if somebody walks, into the country, right across the river, does somebody ask to see their vaccination card?” Doocy in a staccato voice queered.

“Well, let me explain to you again, Peter how our process works,” Psaki, losing patience, replied. This is not the first time he has made this comparison.

“As individuals, as individuals come across the border, and they are both assessed for whether they have any symptoms, if they have symptoms they are, the intention is for them to be quarantined. That is our process, they’re not intending to stay here for a lengthy period of time, I don’t think it’s the same thing. It’s not the same thing,” she said as Doocy tried to talk over her.

“These are individuals, as we’ve noted and as we’ve been discussed, we are expelling individuals based on Title 42, specifically because of COVID, because we want to prevent a scenario where large numbers of people are gathering, posing a threat to the community and also to the migrants themselves. So those are the policies that we put in place, in large part because, again, the CDC continues to recommend title 42 to be in place given we’re facing a global pandemic.”

 

Continue Reading

Trending

Copyright © 2020 AlterNet Media.