To teach the working class how the country really works, not the phony drama on Fox, you show them money, power and capital markets. I even used the Financial Times when I taught in prison.
I believe in massive tax cuts for the middle class and the working class and permanent. I believe if we can't cut federal spending, that the wealthy in this country, at least the millionaires ought to be at 40% as a start.
@FinancialTimes
Remember when Xi came to SF and all the NYC elites flew out, Council on Foreign Relations, Asia Society, big tech bros—all slobbering over Xi? That’s who their allegiance is to. No meeting on reciprocity. This is global, multidimensional. One side wins, one side loses.
This is bugging me no end. We love our AG Pam Bondi, but she’s on Fox a lot. Kash is grinding. Glad they gave ATF to the Army. She made it sound like Kash was fired—he wasn’t. HOWEVER, budget now over $6.5T. They want $150B more for defense, $170B to fix the deportation system
The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.
President @realDonaldTrump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good.
And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country.
But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital.
The president has an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country.
If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.
What CEO and what board of directors will be comfortable making large,
long-term, economic commitments in our country in the middle of an economic nuclear war?
I don’t know of one who will do so.
When markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.
And it is not just the big companies that will suffer. Small and medium size businesses and entrepreneurs will experience much greater pain. Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system.
Business is a confidence game. The president is losing the confidence of business leaders around the globe. The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for.
The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system.
Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down.
May cooler heads prevail.
We have been in a unilateral trade war, which was waged against us for decades. Now we are retaliating. Fuck anyone saying Trump is “starting” a trade war. They are inherently dishonest.
Trump’s changing the world that you built that’s screwing working class people throughout the world, particularly in these United States of America, and he doesn’t care if you like it or not.
Why is it that lots of people are cool with the concept of pain for the economy (for an ultimate greater good), but can’t countenance diminishing the purchasing power of the the rich in order to open up more productive real resources for the masses?
NEW: Pentagon City Mall has been shut down after complete chaos breaks out, reports of multiple fights in a large crowd of people.
Arlington police closed down the mall and ordered evacuations before starting to make mass arrests.
“Police responded the 1100 block of S. Hayes Street for the report of multiple fights in the area. At the direction of ACPD, the mall is now closed. Police remain on scene. Please avoid the area,” police said.
It’s unclear how many people were injured.
United Auto Workers President Sings President Trump’s Praises —25% Tariffs on Non-US Produced Vehicles Will Bring Tens of Thousands of High Paying Jobs Back…NOW
https://t.co/shoktbLYLX