Trade, Tariffs and Populist Bull-Excrement
(00:00.91)
Trade tariffs and populist bull excrement. So it wasn’t, what was it? Five days ago? Five days ago, the Biden administration launched an attack on Donald Trump and his campaign promise to hike tariffs if he’s elected in November. And I agree.
Trump and tariff man are 10 % tariff across the board. Gee, thanks Donald. I appreciate you having us raise prices on a lot of things that we need to buy here in this country. Great idea there Donald. Anyway, Biden said those higher tariffs would be inflation feeding welfare for the rich that would raise prices for consumers. Yeah, Biden’s right on that. But wait.
Wait, wait, wait, wait, wait, wait, wait,
(01:27.726)
and Zach Galifianakis there, the campaign, and Will Ferrell is going from one demographic group to another. And he’s like, you know, these people are the backbone of the country and Filipino Tilted World Workers are the backbone of the country. By changes his tune, depending on what audience he’s standing in front of at any point in time.
Let’s go through just how dumb this tariffs, this nonsense actually is. Biden has gotten rid of all of, basically all of Trump’s policies except his tariffs. That’s the only one he’s kept. Think about that for a second. Think about all of the great Trump policies that Biden got rid of, but he kept the stupid tariff policies.
Anyway, the Detroit Free Press reported that Ford worker profit sharing checks would be 10 % higher if not for Trump’s tariffs on steel and aluminum. The Peterson Institute for International Economics found that each job saved by Trump’s steel tariffs cost consumers and businesses more than $900 ,000.
Employment in iron and steel mills has fallen by 3000 since the tariffs took effect back in 2018. But again, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey,
(03:25.07)
It’s gotta be American out there. We’re gonna block this. We’re gonna block this transaction. We don’t like it. You understand how ridiculous this is? This populist crap that’s going on. I actually, I looked up. I looked up. These are businesses, stuff that you buy from that are not owned. Not owned by American companies. Well, GE Appliances. Chinese own that too. The Iyer Group.
Budweiser, yeah, 2008. Yeah, Budweiser, all right, King of beers. Merkka, Budweiser, no, no, no, no. Imbev owns that. That’s a Belgian company. Burger King is owned by the Canadians. Wow, didn’t know this one. 7 -Eleven, oh, Japanese owned 7 -Eleven.
Trader Joe’s is owned by the Germans. Again, you know, we, Obama was begged, begged, begged the Italians to buy Chrysler and Jeep and Dodge. And now it’s owned by Stellantis altogether. And Stellantis is based in Holland. Oh boy, yep.
Frigidaire is owned by the Swedes Ben and Jerry’s is Unilever, which is there in the UK. I go on and on there’s the countless companies, why usd arts and national security concern. Oh, come on. Spare me. Spare me to stop. Okay, you’re being absolutely absurd. Right now.
This is a union giveaway because the union is in bed with Cleveland Cliffs and wants them to take over the company. All of this populist crap, trade tariffs, populism, nonsense. Guess what? It’s inflationary. And there’s not a damn thing the Federal Reserve can do about it. Enjoy paying higher prices, folks. Watchdog on wallstreet .com.
