In the mid to late 1980's the American middle class was the most powerful economic force in the history of the world. Enter George HW Bush, Bill Clinton and NAFTA. NAFTA was written by Bush and signed into law by Clinton, which should tell you who both party's are beholden to, and that at it's core it's a Uniparty. Who was Obama beholden to after the 2008 meltdown? Who allowed for the criminals who destroyed the economy to get a free pass and huge government bonus's at the expense of the very people who were most effected by that economic crash?
Enter 2020 and Covid and the "you'll own nothing and be happy" attempted "Great Reset" by the globalist NGO WHO and WEF, which was just a redistribution of wealth upward by locking people in their homes while so called "essential" businesses and their elite owners danced on the graves of American small business and became the beneficiary of the $4.3 trillion transfer of wealth from the middle and working class. Orchestrated by your government, of course.
This is a reckoning between the people and the out of control, behemoth bureaucracy and congress, who would rather run their mother over with a HumVee than make a 1% cut in spending. Really. Ask Thomas Massie.
Right On! I'm glad someone besides me remembers. Not six months after nafta was signed the shop I worked at got bought out by a big corp. and everything was crated up and shipped lock stock and barrel to Puerto Rico. You could keep your current job if you 'relocated'; the company would 'help' with relocation expenses.
The stock market isn't going up and down because of tariffs, it's our new bullfighter, Juan Padilla AKA George Soros who once wrote "the complete and utter collapse of America will be a culmination of my life's work". WORK? He started his life's work at 14, going door to door in Germany, with his dad, telling Jewish people which train to board, then he stole their art and jewelry.... he made a billion dollars. Yes, he too is Jewish! Then he manipulated stock markets in Asia, London (16 countries) and tanked them all, stealing everyone's pension and life savings. Our stock market went up for no reason last year --- and now it's crashing.... George is "working" ~ trying to collapse the USA.
The money printing has got to stop. Its only good for the government and some very wealthy people. Everyone else takes a beating. Bidenomics caused my income to drop 40%, my expenses to increase 30%, and my home value to decrease 20%. If thats not a recession, what is?
I am a bit skeptical of Trump at times but I don’t think he’s the reason for the economic downturn either. I hope the economy improves under his presidency but it will take more than 4 years to get the economy back on track.
You touched on the bank bailouts in 2008. I’m beginning to think Covid was a bailout of the pharma industry. To explain this line of thinking, around the late 80s pharma started outsourcing manufacturing and clinical development. It use to be done internally. By early 2000 Pharma only patented and marketed drugs. Companies that manufacturer pharmaceuticals are called CMOs or contract manufacturing organizations and include companies like Catalent and Lonza which are the largest CMOs in the world. Pfizer and Moderna patent and market and Lonza manufactures for example the pills and the injections that one sees in pharmacy’s, hospitals and doctors offices. Biotech in South San Francisco, San Diego, Seattle to some extent as well as Boston and RTP are home to 100s if not 1,000 of biotechs. It is the biotechs that develop drugs from preclinical to Phase ll, companies like Lonza manufacturer the drugs, that Pharma then acquires in later stage clinical development if a drug candidate looks promising.
The problem is investors and banks such as Goldman Sachs, JP Morgan, B of A, invest billions and billions into these biotechs and nothing really comes out of them in terms of a return on investment until surprise surprise - Covid.
It seems to me after thinking things through and following a few key experts that Covid was essentially a bailout of the pharmaceutical companies and the banks that invested billions of dollars in what was once understood as a highly risky investment, the biotech market. Covid was likely just a regular flu season. The asset class needed Covid as an excuse to treat garden variety symptoms of pneumonia with corticosteroids making their pneumonia worse. This gave way to panic giving the asset class the excuse to rush untested products including the Covid jabs through the FDA, saving pharmaceutical companies, biotechs and banks from a major financial collapse.
Trump seems to be headed in the right direction but no one can fix the US economy in a couple of years. We need to get back to a business model of producers and not one where we throw away billions on industries like pharma and biotech especially where there is NO return on investment and the only way to get products through is to create a FAKE crisis.
Recommend reading Hedley Rees’s substack who is a pharma insider who may be the only individual covering Covid from this perspective. You touched on something very interesting regarding the asset class which is addressed further in Hedley Rees’s substack!
Another aspect would be governmental superannuation funds. Canadian superannuation fund have concentrated on buying up Australian farmlands, water rights, beef stations, wheat growing lands - pretty much you name it, their hands are in it.
If you also kill off lots of elderly and don't have to pay out, then you have more capital that you can use as land and rights grabs overseas.
Yet the average pensioner just thinks a superannuation fund is a bank. It's not. Their main aim is to not have to pay money out to pensioners, but to increase their own fortunes and do what they want.
Certain corrections surely needed to happen John but it appears Trump has deranged you. He will likely Crash the world economy, ban Free Speech and lead us into WWIII. He does what his Crown and Zionist Rulers tell him to.
I think it is you that has TDS. it seems to me that some of the anti-israel, everything-is-a-conspiracy 'truther' brigade talk as much bs as the woke leftys.
I guess being against the Holocaust and Genocide of Defenseless mostly Women and Children in the tens of thousands on an Occupied people by an Illegal Occupier by the Psychotic War Criminal Netanyahu supported by the USA is fine with you? I would speak out against it if Italy, Ireland, Mozambique or whoever was doing it. But I guess you like the Trump vision of Gaza with Golden Statues to Trump, Transexual Dancers, Trump Casinos etc?
I guess you are against Free Speech? I guess you love war and Genocide as long as you don't have to fight it or suffer it. You are a Coward and a Clown!
The unsustainable fiat-currency economy (which ultimately had to crash), the war on free speech, and the insane drive to "nuk'lr combat toe-to-toe with the Rooskies" long pre-dated Trump, but I agree Trump's apparent opposition to globalism is more than offset by his subservience to Zion. My wife read somewhere the other day that tariffs wouldn't be an issue if we hadn't gone off the gold standard--something I knew from reading Mises and Rothbard when I heard the news on the radio while working a summer job pumping gas in August 1971. Gas was something like $0.349/gallon then, and defaulting on the dollar was far more destabilizing than any tariff.
It is difficult to take seriously comments that begin the history of Gaza AFTER October 7, 2023. Unless you also consider Oct. 7 (and prior Hamas atrocities) and then offer a credible alternative response to what Israel has done, your comments are just an anti-Israeli rant. Hamas is complicit in deaths on and after 10/7/2023. Had Hamas accepted responsibility and immediately left Gaza instead of relishing the conflict and placing civilians at risk, none of the post-October 7 carnage would have occurred.
Are you kidding? Israel's have been bombing Gaza for decades - "Mowing the Lawn" they call it. Gaza and the West Bank are illegally Occupied Territory by the Genocidal Israelis. The Occupied can fight back under most any means. Besides Netanyahu allowed the October 7th insurgence. It did not start October 7th. Stop hiding the Truth!
Neither can empires built on war. They either disappear entirely, like Mayans and Aztecs. Or they convert to a peace through strength posture. Like the Norse Vikings. With a bias of olive branches first before arrows. Understanding you can’t practice pacifism in the belly of a hungry wild tiger. And over time you can educate, but you can’t negotiate with death cults. So multiCulturalism with cannibals, murderers, rapists and other assorted psychopaths is a form of societal suicide.
What Jared Diamond left out of his atheist bible Bill Gates and other Eugenicists subscribe to in “Guns, Germs and Steel”, is the “next breath” Source/Origin. Our Creator from who’s authority we receive our next breath. With the gift of free will. Because with out free will, true love can’t exist. And free will with out tests is useless. Inalienable rights from our creator, not from men or nations, are constantly being tested and debated. And abused by psychopath ignorance. Clever, but unable or unwilling to connect simple scientific dots. Even when they prove the existence of Infinity. Like Hawking. And admit social Darwinism practiced by atheist nations like China are genocidal mistakes, As Dawkins admits.
Hawking died, and now we know, since all the lights stayed on after he died (even in our dreams) that the earth, the sun nor atheists are centers of our universe. In fact, as Cosmologists observe now, there is no center. In hindsight, Infinity has no boundaries to define a center. And how could there be 8+ billion atheist human centers anyway? Chasing a center is great for grant money in the pseudo science religion of atheist $cientism. Because it has no end chasing literal 🌈s. Like their “God of the Gaps” science has all the answers. Hello, Infinity calling. No way, not scientifically possible.
IF this was an atheist random fandom universe, then linear time would be randomized. Jumping forwards, backwards, pausing randomly. Instead, it is ordered coherently moving only on a forwards Divine ratchet. There goes “ClockMaker” God too.
IF this was an atheist universe, the scientific method would not work. And music and language would decay into Atheist random gibberish. With out God to design, guarantee and maintain over linear time, reliable repeatability. So the hard scientific evidence of God=Love (gift of free will is proof of True Love, Salvation paths are the Mercy>Graces of that Love reunion Infinitely) is reliably repeating in forwards only moving linear time, the harmonics in the song Ave Maria.
Now we can observe over history, all atheist marxist societies are genocidal tyrannies, and ALL Theocracies always end in Lawfare Tyranny too. Including the Congressional established American Religion of pseudo science $cientism. With it’s plant food necessary for life will burn up the planet alarmism, biology denial, eugenics, transhumanism, green new steal, etc. And all it’s manDates dictated by Lawfare.
So while we don’t want an American Theocracy any more, we still need the Anchor of Divine Morals>Ethics>Laws to protect against atheist/secular moral relativity Lawfare. Inalienable Rights endowed by our Creator has to be the baseline for the First Amendment. Protected by the Second Amendment. Otherwise, atheist ‘Lil 🚀 Man’s Bill of Rights on paper is better than America’s.
One Nation, under the ultimate authority of God. And Divine consequences for your personal actions ultimately with Cosmic Justice in Infinite omnipresence/omnipotence. God Bless America, 🙏🙏🙏
So true! Thank God for the gift of his son, Jesus Christ, who died for our sins.
We all so easily drift towards "the way of Cain" claiming we are the victim of one sort of injustice or another and virtue-signalling our way towards our own deluded version of "glory".
That pathway only takes us away from seeing the root of sinfulness that lies in our own hearts.
Overlay a chart of the DOW on this chart of national DEBT. THERE IS YOUR PROBLEM!
It's all ARTIFICIAL and comes from the GOVERNMENT ('printing money, ie DEBT out of thin air!) and goes to cronies, frauds, special interests (variious 'launderies') and back to GOVERNMENT!!
You wrote, “Trump is a loser and has no credibility,” which reflects a strong disapproval of him. Everyone is entitled to their own perspective, and I respect that. May I kindly ask what sources—such as history books, philosophical writings, media, blogs, or news outlets—you’ve relied on to shape your opinion? I’d appreciate your insight. Thank you!
Trump is taking actions against the First Amendment. He makes promises he doesn't keep. You can't trust anything he says. Most recently, he said Tariffs are never coming off, but a day later, that is not the case. To be honest he is full of shit.
I voted for him the first time, but by mid-April 2017, I realized my mistake.
The failure of real US wages to increase for the last few decades is a direct result of outsourcing to China and insourcing illegal competition for jobs, both of which benefit stockholders at the expense of the majority of citizens.
I actually think that being elected President is very much like a bullfighter…he faces cry baby feminists who pretend to be congressWOMEN, scaredy cat congressMEN and lazy observers who only complain. Then he must face the Senator class that believe they are the aristocrats and don’t bother me while I bamboozle my constituents so to look like I work. It is a difficult job.
“Trump is apparently determined to enter a jousting tournament with the great Chinese Dragon, and it will be interesting to see if he prevails”
It seems to me that in a trade war, the side with the deficits relative to the other can’t really lose unless it sends very stupid (or deliberately destructive) negotiators.
Always late to the party. Oh, well. It would seem to me that the main shift into debt proliferation started with Ronald Reagan. He promised to cut taxes and gov't spending. Well, he did cut taxes. Although the tax cut primarily helped the wealthy. But he didn't cut spending. And that's pretty much been the Republican's MO since then.
Trump's blanket tariffs are lazy and poorly thought out. It wasn't the stock market that mattered. It was the bond market that did. Hmm, that wouldn't have anything to do with all that accumulated debt that we already have and still need to add to?
From an economic standpoint this isn't really that hard to figure out. Never has been. Sorry, but you are mistaken that Trump has the guts to correct the problem. He huffs and puffs but he's gonna blow the wrong house down.
In the mid to late 1980's the American middle class was the most powerful economic force in the history of the world. Enter George HW Bush, Bill Clinton and NAFTA. NAFTA was written by Bush and signed into law by Clinton, which should tell you who both party's are beholden to, and that at it's core it's a Uniparty. Who was Obama beholden to after the 2008 meltdown? Who allowed for the criminals who destroyed the economy to get a free pass and huge government bonus's at the expense of the very people who were most effected by that economic crash?
Enter 2020 and Covid and the "you'll own nothing and be happy" attempted "Great Reset" by the globalist NGO WHO and WEF, which was just a redistribution of wealth upward by locking people in their homes while so called "essential" businesses and their elite owners danced on the graves of American small business and became the beneficiary of the $4.3 trillion transfer of wealth from the middle and working class. Orchestrated by your government, of course.
This is a reckoning between the people and the out of control, behemoth bureaucracy and congress, who would rather run their mother over with a HumVee than make a 1% cut in spending. Really. Ask Thomas Massie.
Hope for the best, but prepare for the worst.
Right On! I'm glad someone besides me remembers. Not six months after nafta was signed the shop I worked at got bought out by a big corp. and everything was crated up and shipped lock stock and barrel to Puerto Rico. You could keep your current job if you 'relocated'; the company would 'help' with relocation expenses.
Nice comment
Wow! montanaoutlaw, you have got a great way of putting things!
You are done with being gaslit by anyone!
I feel like someone in church unable to stop myself from saying "Amen!" or "Preach it, brother!"
The stock market isn't going up and down because of tariffs, it's our new bullfighter, Juan Padilla AKA George Soros who once wrote "the complete and utter collapse of America will be a culmination of my life's work". WORK? He started his life's work at 14, going door to door in Germany, with his dad, telling Jewish people which train to board, then he stole their art and jewelry.... he made a billion dollars. Yes, he too is Jewish! Then he manipulated stock markets in Asia, London (16 countries) and tanked them all, stealing everyone's pension and life savings. Our stock market went up for no reason last year --- and now it's crashing.... George is "working" ~ trying to collapse the USA.
History will be the judge. Soros like all others, will meet his Waterloo. If not on earth, then in spades later.
6) Stand with Trump “MFFA” Make Fairtrade Fair Again
The money printing has got to stop. Its only good for the government and some very wealthy people. Everyone else takes a beating. Bidenomics caused my income to drop 40%, my expenses to increase 30%, and my home value to decrease 20%. If thats not a recession, what is?
Bidenomics 😂 Communism isn't economics. It's extortion
I am a bit skeptical of Trump at times but I don’t think he’s the reason for the economic downturn either. I hope the economy improves under his presidency but it will take more than 4 years to get the economy back on track.
You touched on the bank bailouts in 2008. I’m beginning to think Covid was a bailout of the pharma industry. To explain this line of thinking, around the late 80s pharma started outsourcing manufacturing and clinical development. It use to be done internally. By early 2000 Pharma only patented and marketed drugs. Companies that manufacturer pharmaceuticals are called CMOs or contract manufacturing organizations and include companies like Catalent and Lonza which are the largest CMOs in the world. Pfizer and Moderna patent and market and Lonza manufactures for example the pills and the injections that one sees in pharmacy’s, hospitals and doctors offices. Biotech in South San Francisco, San Diego, Seattle to some extent as well as Boston and RTP are home to 100s if not 1,000 of biotechs. It is the biotechs that develop drugs from preclinical to Phase ll, companies like Lonza manufacturer the drugs, that Pharma then acquires in later stage clinical development if a drug candidate looks promising.
The problem is investors and banks such as Goldman Sachs, JP Morgan, B of A, invest billions and billions into these biotechs and nothing really comes out of them in terms of a return on investment until surprise surprise - Covid.
It seems to me after thinking things through and following a few key experts that Covid was essentially a bailout of the pharmaceutical companies and the banks that invested billions of dollars in what was once understood as a highly risky investment, the biotech market. Covid was likely just a regular flu season. The asset class needed Covid as an excuse to treat garden variety symptoms of pneumonia with corticosteroids making their pneumonia worse. This gave way to panic giving the asset class the excuse to rush untested products including the Covid jabs through the FDA, saving pharmaceutical companies, biotechs and banks from a major financial collapse.
Trump seems to be headed in the right direction but no one can fix the US economy in a couple of years. We need to get back to a business model of producers and not one where we throw away billions on industries like pharma and biotech especially where there is NO return on investment and the only way to get products through is to create a FAKE crisis.
Recommend reading Hedley Rees’s substack who is a pharma insider who may be the only individual covering Covid from this perspective. You touched on something very interesting regarding the asset class which is addressed further in Hedley Rees’s substack!
Another aspect would be governmental superannuation funds. Canadian superannuation fund have concentrated on buying up Australian farmlands, water rights, beef stations, wheat growing lands - pretty much you name it, their hands are in it.
If you also kill off lots of elderly and don't have to pay out, then you have more capital that you can use as land and rights grabs overseas.
Yet the average pensioner just thinks a superannuation fund is a bank. It's not. Their main aim is to not have to pay money out to pensioners, but to increase their own fortunes and do what they want.
Certain corrections surely needed to happen John but it appears Trump has deranged you. He will likely Crash the world economy, ban Free Speech and lead us into WWIII. He does what his Crown and Zionist Rulers tell him to.
And no I'm not a Lefty. WAKE UP!!!
I think it is you that has TDS. it seems to me that some of the anti-israel, everything-is-a-conspiracy 'truther' brigade talk as much bs as the woke leftys.
I guess being against the Holocaust and Genocide of Defenseless mostly Women and Children in the tens of thousands on an Occupied people by an Illegal Occupier by the Psychotic War Criminal Netanyahu supported by the USA is fine with you? I would speak out against it if Italy, Ireland, Mozambique or whoever was doing it. But I guess you like the Trump vision of Gaza with Golden Statues to Trump, Transexual Dancers, Trump Casinos etc?
I guess you are against Free Speech? I guess you love war and Genocide as long as you don't have to fight it or suffer it. You are a Coward and a Clown!
The unsustainable fiat-currency economy (which ultimately had to crash), the war on free speech, and the insane drive to "nuk'lr combat toe-to-toe with the Rooskies" long pre-dated Trump, but I agree Trump's apparent opposition to globalism is more than offset by his subservience to Zion. My wife read somewhere the other day that tariffs wouldn't be an issue if we hadn't gone off the gold standard--something I knew from reading Mises and Rothbard when I heard the news on the radio while working a summer job pumping gas in August 1971. Gas was something like $0.349/gallon then, and defaulting on the dollar was far more destabilizing than any tariff.
YOU are a idiot.
Notice the four fingers pointing back at you.
Bow to your Savior "golden calf god".
Holocausting and Genociding Defenseless Women and Children is good? You are a moron or psychopath if you agree with it.
It is difficult to take seriously comments that begin the history of Gaza AFTER October 7, 2023. Unless you also consider Oct. 7 (and prior Hamas atrocities) and then offer a credible alternative response to what Israel has done, your comments are just an anti-Israeli rant. Hamas is complicit in deaths on and after 10/7/2023. Had Hamas accepted responsibility and immediately left Gaza instead of relishing the conflict and placing civilians at risk, none of the post-October 7 carnage would have occurred.
Are you kidding? Israel's have been bombing Gaza for decades - "Mowing the Lawn" they call it. Gaza and the West Bank are illegally Occupied Territory by the Genocidal Israelis. The Occupied can fight back under most any means. Besides Netanyahu allowed the October 7th insurgence. It did not start October 7th. Stop hiding the Truth!
How dare the Palestinian Slaves Revolt against their Oppressors! Many of you demonstrate your Fascism!
Neither can empires built on war. They either disappear entirely, like Mayans and Aztecs. Or they convert to a peace through strength posture. Like the Norse Vikings. With a bias of olive branches first before arrows. Understanding you can’t practice pacifism in the belly of a hungry wild tiger. And over time you can educate, but you can’t negotiate with death cults. So multiCulturalism with cannibals, murderers, rapists and other assorted psychopaths is a form of societal suicide.
What Jared Diamond left out of his atheist bible Bill Gates and other Eugenicists subscribe to in “Guns, Germs and Steel”, is the “next breath” Source/Origin. Our Creator from who’s authority we receive our next breath. With the gift of free will. Because with out free will, true love can’t exist. And free will with out tests is useless. Inalienable rights from our creator, not from men or nations, are constantly being tested and debated. And abused by psychopath ignorance. Clever, but unable or unwilling to connect simple scientific dots. Even when they prove the existence of Infinity. Like Hawking. And admit social Darwinism practiced by atheist nations like China are genocidal mistakes, As Dawkins admits.
Hawking died, and now we know, since all the lights stayed on after he died (even in our dreams) that the earth, the sun nor atheists are centers of our universe. In fact, as Cosmologists observe now, there is no center. In hindsight, Infinity has no boundaries to define a center. And how could there be 8+ billion atheist human centers anyway? Chasing a center is great for grant money in the pseudo science religion of atheist $cientism. Because it has no end chasing literal 🌈s. Like their “God of the Gaps” science has all the answers. Hello, Infinity calling. No way, not scientifically possible.
IF this was an atheist random fandom universe, then linear time would be randomized. Jumping forwards, backwards, pausing randomly. Instead, it is ordered coherently moving only on a forwards Divine ratchet. There goes “ClockMaker” God too.
IF this was an atheist universe, the scientific method would not work. And music and language would decay into Atheist random gibberish. With out God to design, guarantee and maintain over linear time, reliable repeatability. So the hard scientific evidence of God=Love (gift of free will is proof of True Love, Salvation paths are the Mercy>Graces of that Love reunion Infinitely) is reliably repeating in forwards only moving linear time, the harmonics in the song Ave Maria.
Now we can observe over history, all atheist marxist societies are genocidal tyrannies, and ALL Theocracies always end in Lawfare Tyranny too. Including the Congressional established American Religion of pseudo science $cientism. With it’s plant food necessary for life will burn up the planet alarmism, biology denial, eugenics, transhumanism, green new steal, etc. And all it’s manDates dictated by Lawfare.
So while we don’t want an American Theocracy any more, we still need the Anchor of Divine Morals>Ethics>Laws to protect against atheist/secular moral relativity Lawfare. Inalienable Rights endowed by our Creator has to be the baseline for the First Amendment. Protected by the Second Amendment. Otherwise, atheist ‘Lil 🚀 Man’s Bill of Rights on paper is better than America’s.
One Nation, under the ultimate authority of God. And Divine consequences for your personal actions ultimately with Cosmic Justice in Infinite omnipresence/omnipotence. God Bless America, 🙏🙏🙏
So true! Thank God for the gift of his son, Jesus Christ, who died for our sins.
We all so easily drift towards "the way of Cain" claiming we are the victim of one sort of injustice or another and virtue-signalling our way towards our own deluded version of "glory".
That pathway only takes us away from seeing the root of sinfulness that lies in our own hearts.
Have a Blessed Lent and Easter. 🙏🙏🙏
Overlay a chart of the DOW on this chart of national DEBT. THERE IS YOUR PROBLEM!
It's all ARTIFICIAL and comes from the GOVERNMENT ('printing money, ie DEBT out of thin air!) and goes to cronies, frauds, special interests (variious 'launderies') and back to GOVERNMENT!!
Common Sense article. Stand with Trump "MFFA" Make Fairtrade Fair Again
Trump is a loser and has no credibility.
You wrote, “Trump is a loser and has no credibility,” which reflects a strong disapproval of him. Everyone is entitled to their own perspective, and I respect that. May I kindly ask what sources—such as history books, philosophical writings, media, blogs, or news outlets—you’ve relied on to shape your opinion? I’d appreciate your insight. Thank you!
Trump is taking actions against the First Amendment. He makes promises he doesn't keep. You can't trust anything he says. Most recently, he said Tariffs are never coming off, but a day later, that is not the case. To be honest he is full of shit.
I voted for him the first time, but by mid-April 2017, I realized my mistake.
The failure of real US wages to increase for the last few decades is a direct result of outsourcing to China and insourcing illegal competition for jobs, both of which benefit stockholders at the expense of the majority of citizens.
I actually think that being elected President is very much like a bullfighter…he faces cry baby feminists who pretend to be congressWOMEN, scaredy cat congressMEN and lazy observers who only complain. Then he must face the Senator class that believe they are the aristocrats and don’t bother me while I bamboozle my constituents so to look like I work. It is a difficult job.
Thanks, John we'll put , my own family in now panicans and you have in lightened me with info to maybe help them see the big pictures
Very true! People forget that part of the economy.
“Trump is apparently determined to enter a jousting tournament with the great Chinese Dragon, and it will be interesting to see if he prevails”
It seems to me that in a trade war, the side with the deficits relative to the other can’t really lose unless it sends very stupid (or deliberately destructive) negotiators.
Great analogy as always!
Always late to the party. Oh, well. It would seem to me that the main shift into debt proliferation started with Ronald Reagan. He promised to cut taxes and gov't spending. Well, he did cut taxes. Although the tax cut primarily helped the wealthy. But he didn't cut spending. And that's pretty much been the Republican's MO since then.
Trump's blanket tariffs are lazy and poorly thought out. It wasn't the stock market that mattered. It was the bond market that did. Hmm, that wouldn't have anything to do with all that accumulated debt that we already have and still need to add to?
From an economic standpoint this isn't really that hard to figure out. Never has been. Sorry, but you are mistaken that Trump has the guts to correct the problem. He huffs and puffs but he's gonna blow the wrong house down.