Ronald Reagan Spoke In Detail Why Tariff Wars Are a Bad Idea

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Ronald Reagan Spoke In Detail Why Tariff Wars Are a Bad Idea

OLD VIDEO OF RONALD REAGAN ABOUT HOW BAD TARIFF WARS ARE IS ALMOST PAINFUL TO WATCH TODAY

Any rational person should be able to say, “I told you so,” to Trump voters as the last few days have proven to be somewhat devastating to anyone who’s not actually rich.  But hey, how do you define rich these days?  Whatever rich actually means anymore, that is.  But it’s got to be a little uncomfortable for all the voters out there who thought inflation and a high cost of living meant choosing Trump to be the best possible fix.  And Trump, to be sure, said he’d immediately drive costs down for people.  But instead, he’s engaged in tariff wars with Mexico, Canada and… of course, China.  So it’s interesting to see this new to most but actually old video of Ronald Reagan expounding on why tariff wars are bad.

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SOMEHOW, THE ARCHITECT OF TRICKLE-DOWN ECONOMICS SOUNDS INSANELY SANE TODAY

And it’s odd, really, to reflect that the modern day Republican Party which is really about Trumpism, is the bastard grandchild of the cult that worshipped Reagan in the 80’s.  Well, and ever since, until now.  But I guess we can call it the trickle-down effect of political culture.  And just like economics, the cultural trickle-down effect only benefits those at the top.  But anyway, even Ronald Reagan made sure to publicly declare that our largest trading partners are our allies and not our enemies.  And he also noted that the Smoot-Hawley tariff in 1930 was so disastrous it helped lead to the Great Depression.

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REAGAN CALLED ANYONE WHO PROMOTES TARIFFS WARS DEMAGOGUES, WILL TRUMP VOTERS EVEN NOTICE?

But then Reagan said, “We should beware of the demagogues who are ready to declare a trade war against our friends — weakening our economy, our national security, and the entire free world — all while cynically waving the American flag.”  Um, ouch.  Because Ronald Reagan just totally and accurately described Trump and all the Republicans supporting his tariff wars.  But even as I write this, the moneyed leash on Trump must have been yanked by some powerful folks.  Because already the tariff wars against Mexico and Canada are at least delayed.

We’ll see if China gives Trump something to claim victory over.  It’s not like Trumpers will blame anyone but Democrats and Palestinians for the insane price for their eggs and gas.  If you want to hear Reagan’s own words, click here.

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