alt Hacker NewsEverything the current US administration has done has been an unmitigated disaster. Tariffs are taxes. Manufacturing is still declining, not returning and a man who could not run casinos successfully is not going to change that. His economic and foreign policy are dictated entirely based on who flatters him the most. Add to that continued environmental damage, domestic policy dictated by a regressive religious minority and a lack of interest in performing the duties of the position in favor of caring about only what it can be leveraged for. A failing state operating on grievances and stupidity.
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Hope the voters remember this for the next couple election cycles.
>His economic and foreign policy are dictated entirely based on who flatters him the most
Are you sure, it seems mostly based on illegal share trading. Murdering foreigners and sending soldiers to die is a lever Trump/his handlers keep pulling because they 'win' $millions every time.
This is where the democrats need to smarten up. They should be hammering “tax and spend” Trump, 24x7.
The baseline Republican base doesn’t give a shit about the more extreme racist stuff, they don’t care about women being raped, etc they tolerate it. But they hate paying taxes above all else.
Trump closed the stretch IRA loophole in 45, and implemented the largest tax increase in recent history with the tariff regime. Only the really rich people and real estate folks get the big tax breaks.
If someone asks Chuck Schumer what the weather is like, he should say: “It’s a good summer day, but it would be a great one if tax and spend Trump released the Epstein files”
> Tariffs are taxes.
Taxes are good! China, which is run by some of the smartest technocrats in the world, has a very strong system for controlling the flow of foreign products into the country. Because of the nature of their government, they have more tools at their disposal than just tariffs, e.g., requiring foreign companies to establish joint-ventures with Chinese companies. But the purpose is the same.
> a man who could not run casinos successfully
Trump didn't invent tariffs. The political thread in favor of strong tariffs started with Alexander Hamilton: https://www.gilderlehrman.org/history-resources/spotlight-pr.... Strong tariffs were a core plank of the Lincoln GOP: https://www.abrahamlincolnsclassroom.org/abraham-lincoln-in-....
"Tariff" didn't become a naughty word until the Cato folks took over the GOP in the 1980s.
Not absolutely everything. You can make a very strong negative claim without hyperbole, and be a more trusted source in the process.
"regressive religious minority" yes, Israelis and the evangelicals that worship them.
I get that statistics can be manipulated but...
https://www.ismworld.org/supply-management-news-and-reports/...
> Economic activity in the manufacturing sector expanded in July for the seventh consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report.
> The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.
> “The Manufacturing PMI® registered 55.6 percent in July, 2.3 percentage points above the June figure and the highest reading since May 2022 (55.9 percent). The overall economy continued in expansion for the 21st month in a row.