Here’s the original clip of Ronald Reagan from April 25, 1987, where he delivered a complete and total rebuke against tariffs. Trump is calling Reagan’s words in this video “FAKE” and “fraudulent.” They’re 100% real. And the original clip is actually far worse for Trump, as much is left out of the ad. Watch this clip and read the full transcript:
Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now, there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing. And today, many economic analysts and historians argue that high tariff legislation passed back in that period, called the Smoot-Hawley tariff, greatly deepened the depression and prevented economic recovery.
You see, at first when someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works, but only for a short time. What eventually occurs is, first, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets.
And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.
Then the worst happens. Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs. The memory of all this occurring back in the 30s made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now, it hasn't always been easy. There are those in the Congress, just as there were back in the 30s, who want to go for the quick political advantage, who risk America's prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million American jobs are directly tied to the foreign export business, and additional millions are tied to imports.
Well, I've never forgotten those jobs. And on trade issues, by and large, we've done well.
I drew this last November 26th knowing full well no self-respecting family newspaper in the country would be likely to print it. I was right. But given the events of this weekend, I’m gonna to let ‘er rip anyway.
#USA#Canada#tariffs@realDonaldTrump
Eggs are more expensive, inflation isn’t lowering, the Epstein files haven’t been declassified, and they’ve stopped monitoring the spread of Bird Flu, but at least they’ve scrubbed the CDC website, raised prescription drug prices 4200%, gutted aviation safety, baselessly blamed deadly plane crashes on diversity, handed an unelected foreigner the keys to our Social Security, sent ICE agents into schools, started trade wars with the entire world, brought tuberculosis back and flooded critical farmland with the reserved water Southern California needed to fight future wildfires.
Is anyone else sick of all the winning?
There is no such fucking thing as being “too woman” to pilot a helicopter, “too gay” to land a plane or “too black” to be an air traffic controller.
There is however, such a thing as being too hateful, too stupid & too sociopathic to be president.
And we call that Donald Trump.
Dear “price of eggs” Trump voters,
Your melon-hued messiah just admitted that his tariffs will increase prices here.
But don’t worry, because he also said that “you’ll understand.”
Great work.
Well done.
Bravo.