Farmers are facing a depression after Donald Trump implemented his trade war with China. Even if the president would halt his ill-fated tariffs immediately, it will take decades to repair the relationships the farmers built with China. Unfortunately, POTUS sees tariffs as the answer, and here is why.
Trump appointed Jerome Powell as chairman of the Federal Reserve. The real problem as POTUS saw it was that Powell would not take direction from the commander-in-chief. Unfortunately for the nation, the real economic problem was Trump:
‘Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT – but don’t count on him! So far he has called it wrong, and only let us down….’
Trump refused to take advice from his advisors or learn more about how the U.S. economy worked. Instead, he has held onto his solution-for-everything approach to tariffs like a pit bull with dead rabbit:
‘…..We are competing with many countries that have a far lower interest rate, and we should be lower than them. Yesterday, “highest Dollar in U.S.History.” No inflation. Wake up Federal Reserve. Such growth potential, almost like never before!’
Imagine that. Trump did not understand why the auto companies did not think he could run their companies better than they could:
‘My proposal to the politically correct Automobile Companies would lower the average price of a car to consumers by more than $3000, while at the same time making the cars substantially safer. Engines would run smoother. Very little impact on the environment! Foolish executives!’
Twitter land went after Trump. Check out some of our favorite responses:
The Mueller Report Adventures: In Bite-Sizes on this Facebook page. These quick, two-minute reads interpret the report in normal English for busy people. Mueller Bite-Sizes uncovers what is essentially a compelling spy mystery. Interestingly enough, Mueller Bite-Sizes can be read in any order.