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‘Meltdown’: Trump Fumes When Confronted With ‘Always Chickens Out’ Claim

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President Donald Trump’s tariff policy has been highly criticized, especially for his seemingly arbitrary, up and down, in-effect and paused actions, which have led the stock markets to rise and fall—providing little stability or reassurance to manufacturers and investors alike.

“Traders are loading up and dumping stocks based on Trump’s erratic approach to announcing tariffs and then retreating on them,” The New York Times reported on Wednesday.

McGill University Associate Professor Robert Rutledge, an astrophysicist, on Tuesday posted a screenshot from a New York Times article titled, “Stocks Rally on the ‘TACO Trade’,” which explained the phenomenon.

During Wednesday’s swearing-in ceremony of Trump’s interim U.S. Attorney for Washington, D.C., former Fox host Jeanine Pirro, a reporter confronted the president with remarks from analysts who have dubbed his tactics “TACO,” or, “Trump Always Chickens Out.”

READ MORE: University Research OK Only if ‘In Sync’ With Trump Goals: Top Administration Officials

“Mr. President,” a reporter said (video below), “Wall Street analysts have coined a new term called the ‘Taco Trade.’ They’re saying Trump always chickens out on your tariff threats, and that’s why markets are higher this week. What’s your response to that?”

After some back-and-forth, the President admitted, “I’ve never heard that,” before growing defensive.

“You mean because I reduced China from 145%, that I set down to 100% and then down to another number, and I said, ‘You have to open up your whole country.’ And because, I gave the European Union a 50% tax tariff, and they called up, and they said, ‘Please, let’s meet right now. Please, let’s meet right now.'”

Trump claimed that “after I did what I did, they said, ‘We’ll meet anytime you want.'” And we have an end date of July 9th. You call that chickening out?”

He then lashed out at his predecessor, President Joe Biden, for not imposing high tariffs.

“Because we have $14 trillion now invested, committed to investing, when Biden didn’t have practically anything, Trump claimed, although there are few actual, finalized agreements.

“Biden, this country was dying,” Trump continued. “You know, we have the hottest country anywhere in the world. I went to Saudi Arabia. The king told me. He said, ‘You got the hottest—We have the hottest country in the world right now.'”

READ MORE: Why Does Congress ‘Even Exist?’: GOP Representative Blasted at ‘Hostile’ Town Hall

“Six months ago, this country was stone cold dead,” Trump alleged. “We had a dead country.”

“We had a country people didn’t think it was gonna survive, and you ask a nasty question like that?” he said, attacking the reporter. “It’s called ‘negotiation.’  You set a number. And if you go down, you know set a number at

After explaining his China policy, he again attacked, telling the reporter, “don’t ever say what you said. That’s a nasty question.”

“For me, that’s the nastiest question.”

Economist Justin Wolfers on Tuesday explained some of the ramifications of “TACO.”

“Those truck drivers … won’t have goods to truck across the country, they also won’t be stopping a gas stations to buy a sandwich. And then the sandwich demand falls off and on and on it goes. But I think it’s actually the effects are far deeper than that,” Wolfers explained.

“There’s an asset here that really matters called ‘American credibility.’ There was a time when the President opened his mouth when you had to pay attention, because you thought it meant something, that it was a shift in policy that other countries could rely on and respond to. That’s no longer the case.”

After specifically mentioning TACO, Wolfers continued with more examples. He noted, for example, “there’s a factory that could be built, except that one of the most important imports we get from the European Union is precision machinery. And that either just went up 50% or went up 10%, but no one can be sure.”

Critics blasted the President for his Oval Office remarks.

Democratic strategist Keith Edwards mocked Trump, saying that he “just learned Wall Street is calling his tariffs ‘TACO trade’ (‘Trump Always Chickens Out’) — and you have to watch his meltdown.”

The political action committee Really American called it “an insane moment,” noting that Trump had “a complete meltdown.”

“What’s hilarious about this whole thing is there has to be people in the admin who know about this stuff and everyone is afraid to tell him bad news,” noted Democratic strategist Adam Parkhomenko. ” So we get to see him lose his s— for the first time live on tv.”

Watch the video below or at this link.

READ MORE: Paratroopers May Deliver Gift to Trump at Army’s 250th Birthday Parade

 

Image via Reuters

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‘Fundamental Miscalculation’: Columnist Says Democrats Have ‘Little Chance’ in Midterms

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Democrats made a “fundamental miscalculation” in the redistricting wars and now have “little chance” in the November midterms, argues Eric Garcia at The Independent.

Calling the Virginia Supreme Court’s nullification of a voter-led ballot initiative that allowed the creation of four Democratic congressional districts a “massive body blow,” Garcia also points to the U.S. Supreme Court’s decision “virtually nullifying the Voting Rights Act” by requiring Louisiana to redraw its congressional map. There is also the Tennessee legislature turning majority-Black Memphis into another GOP seat — erasing the only Democratic seat in that state.

“And this does not count the redrawing of congressional districts in Missouri and North Carolina before the Supreme Court decision, or Alabama, which is under a court order to not redraw its map until 2030,” Garcia says. He notes that California has been the only state to respond, doing so by adding five Democratic seats to the state.

Zachary Donnini, the head of data science at VoteHub, a political news outlet, “put it bleakly for Democrats.”

Donnini says that now, instead of having to flip just three seats to take the majority in the House, Democrats will have to flip an additional nine seats — a total of twelve in all.

Democrats tried to “lead by example,” but, Garcia says, they turned their states into “laboratories for democracy” by creating “unilateral” disarmament “on behalf of the Democrats” — an act, he labels, a “fundamental failure.”

But he offers Democrats a little hope.

Texas’s redistricting plan relied on Hispanic voters, “after flirting with Trump,” to stay aligned with the GOP. That might have changed. The situation is the same in South Florida, “where the state’s normally conservative Cuban Americans have been caught in the Trump immigration dragnet.”

Pointing to inflation, the economy overall, and Trump’s Iran war, Garcia says Republicans holding on to the House might be “even more difficult.”

Democrats, however, made a “fundamental miscalculation,” Garcia concludes. “By creating guardrails and rules, Republicans did not see a reason to compromise and meet them halfway. It made them targets for weakening. Now, Democrats have put themselves in a bind. They only have themselves to blame.”

 

Image: Public Domain by Architect of the Capitol via Flickr

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Trump Is Bored With His Iran War — Iran Isn’t: Columnist

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President Donald Trump is “bored” with his Iran war, but Iran is not — and isn’t ready for the war to be over, argues Jonathan Lemire at The Atlantic.

The president, now in a “bind,” is tired of the war he started, and has declared victory several times, while Iran “does not want the war to come to a close.”

Trump’s GOP “is warily watching rising gas prices and falling poll numbers,” while the president “doesn’t want to be bogged down in a Middle East conflict like some of his predecessors were. He doesn’t want it to upend his high-stakes summit next week in China. He is ready to move on.”

“The president, five aides and outside advisers told me, is convinced that he can sell any sort of agreement as a win. But at least for now, the man who wrote The Art of the Deal can’t even get Iran to the negotiating table.”

Iran hasn’t even responded to Trump’s one-page memo “that is far more of an extension of the cease-fire than a treaty to end the conflict.”

Trump, Lemire says, did not expect the war to go like this. After his successful excursion into Venezuela, he “set his eyes on Iran, telling confidants that it would ‘be another Venezuela,’ a pair of outside advisers told me.”

It has not been that.

Trump expected his Iran war to last days, or maybe a week or two. It has now been months.

And while administration officials believe the blockade will be successful, experts say Iran can withstand it for months, time the president, with the midterms coming, does not have.

“It then becomes a matter of pain: Which side can withstand the most economic hardship?” Lemire asks.

Trump, impatient, has debated declaring victory and moving on.

“Secretary of State Marco Rubio went so far as to say earlier this week that the war was over,” Lemire notes. “But doing so now would leave the conflict’s goals, as outlined at various times by the president and his aides, unfulfilled.”

The president, says Lemire, “wants the war to end. He wants a deal. But deals take two parties, and there’s no evidence that Iran is interested in bailing Trump out of a dilemma of his own making.”

 

Image via Reuters 

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Lauren Boebert Knows What Aliens Really Are: ‘Fallen Angels’ — and Possibly Demonic

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U.S. Rep. Lauren Boebert (R-CO) says that aliens from outer space are actually “fallen angels and Nephilim” from the Old Testament of the Bible, according to Right Wing Watch. On Friday, President Donald Trump released declassified government UFO files.

“God is the creator of the universe,” Congresswoman Boebert says in recorded video published Friday by Right Wing Watch. “He’s never not going to create.”

The Colorado Republican lawmaker said that it’s “always been something in my mind to say, ‘Well, how can we be the only ones?’ Like, God’s not going to stop creating just with us.”

“But the more I look into this,” she continued, speaking from inside a car, “the more I see the Old Testament and what was told to us there, of fallen angels, and Nephilim.”

She defended her take by saying, “this is in the Bible,” and there’s “nothing that says that fallen angels, that Nephilim just disappeared. And so I believe that this could be an aspect of it.”

Boebert went on to say that “things that we have seen…could resemble portals,” although in the video she does not explain further.

“And, you know, I mean, this is, we serve an infinite God, a God of the universe. And to say that this is the only realm, is ignorant.”

She denied that aliens are a “Marvin the Martian kind of thing.”

“But I do believe that this is more spiritual, and if you really want to go there, demonic.”

 

Image via Shutterstock 

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