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  • So this is off the charts

    From JAB@21:1/5 to All on Wed Apr 9 20:02:44 2025
    'The Economist' editor unpacks the 'biggest trade policy shock' of
    Trump's tariffs
    ...
    ...
    "Presidents from Reagan to President Biden have increased tariffs on
    individual goods or individual sectors, but nothing like this. So this
    is off the charts in terms of scale, ... speed and uncertainty," says
    Minton Beddoes, who is a former economist for the International
    Monetary Fund.

    While the motivation behind the tariffs remains unclear, she says that
    the Trump administration could be seeking to "radically remake the
    rules of global security, geopolitics, economics."

    Minton Beddoes says the president seems to believe that the U.S. is
    getting a bad deal in the global economy, and that the tariffs will be
    used as a tool to renegotiate trade agreements: "It might be exactly
    what President Trump loves. Lots of people coming, knocking on his
    door, fawning, hoping for a good deal. This is The Art of the Deal on steroids," she says.

    But, Minton Beddoes adds, the economic turmoil caused by the tariffs
    creates "a lot uncertainty, and a lot pain for consumers because
    tariffs are taxes on consumers. The people who pay this in the end,
    the cost of the tariffs, are people who pay more for the things that
    they buy."

    https://www.npr.org/2025/04/09/nx-s1-5355907/trump-tariffs-zanny-minton-beddoes

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  • From Retrograde@21:1/5 to JAB on Wed Apr 9 21:29:36 2025
    On Wed, 09 Apr 2025 20:02:44 -0500
    JAB <[email protected]d> wrote:

    While the motivation behind the tariffs remains unclear,

    The motivation was ... imbecility, asshattedness, obstreperous,
    monstrous ignorance, and malignant narcissism.

    --- SoupGate-Win32 v1.05
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  • From JAB@21:1/5 to [email protected] on Thu Apr 10 06:33:32 2025
    On Wed, 9 Apr 2025 21:29:36 -0600, Retrograde
    <[email protected]d> wrote:

    While the motivation behind the tariffs remains unclear,

    The motivation was...

    In a sense, his behavior is like a simpleton, who has verbal skills
    for deceiving naive others.

    CNN
    Inside Trump's tariff retreat: How fears of a bond market catastrophe
    convinced Trump to hit the pause button

    Others could have explained to him about tariff consequences, but he
    did not seek out their opinions.

    Highly unlikely he understood course content taught at TU....skilled
    others (lawyers, etc) have assisted in his dealings.

    Trump University - It offered courses in real estate, asset
    management, entrepreneurship, and wealth creation.[2] Its real estate
    training program ran from 2005 to 2010. It was owned and operated by
    The Trump Organization. Wiki

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  • From JAB@21:1/5 to [email protected] on Thu Apr 10 12:22:24 2025
    On Wed, 9 Apr 2025 21:29:36 -0600, Retrograde
    <[email protected]d> wrote:

    The motivation was

    His adult life has been about selling Snake Oil, and this does not
    require abstract reasoning skills.

    ------------------------
    "Being There" is a film about a man whose mind works like a
    rudimentary A.I. program.

    His mind has been supplied with a fund of simplistic generalizations
    about the world, phrased in terms of the garden where he has worked
    all his adult life. But because he presents himself as a man of good
    breeding (he walks and talks like the wealthy older man whose house he
    lived in, and wears the man's tailored suits) his simplicity is
    mistaken for profundity, and soon he is advising presidents and
    befriending millionaires.

    https://www.rogerebert.com/reviews/great-movie-being-there-1979

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  • From JAB@21:1/5 to [email protected] on Thu Apr 10 14:59:15 2025
    On Wed, 9 Apr 2025 21:29:36 -0600, Retrograde
    <[email protected]d> wrote:

    The motivation was

    Just 'selling' more Snake Oil....

    The White House (.gov)
    TRUMP EFFECT: Americans See First Price Relief in Years

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