Don Bacon
👤 SpeakerAppearances Over Time
Podcast Appearances
You know, it's a good question. First of all, I love the history of I'm a history guy. So, you know, the Republicans are very protectionist, particularly in the late 1800s. We wanted high tariffs. Was the smooth... The – I can't think of the last name.
Smoot-Hawley. They were both Republicans, and they passed this high tariffs in 1930. And that really put us in a deep depression. And the Republicans have ever since said, you know, we learned our lesson. Free trade is the right way to go. In fact, that's how you provide the best merchandise, you know, the best – product, if you will, at the lowest cost in the most efficient manner.
Smoot-Hawley. They were both Republicans, and they passed this high tariffs in 1930. And that really put us in a deep depression. And the Republicans have ever since said, you know, we learned our lesson. Free trade is the right way to go. In fact, that's how you provide the best merchandise, you know, the best – product, if you will, at the lowest cost in the most efficient manner.
Smoot-Hawley. They were both Republicans, and they passed this high tariffs in 1930. And that really put us in a deep depression. And the Republicans have ever since said, you know, we learned our lesson. Free trade is the right way to go. In fact, that's how you provide the best merchandise, you know, the best – product, if you will, at the lowest cost in the most efficient manner.
And it keeps our manufacturers short because you've got to compete. We've bought into this. Now we're going back to our roots. It's funny. The Democrats were more protectionist, you know, 1970s and 80s.
And it keeps our manufacturers short because you've got to compete. We've bought into this. Now we're going back to our roots. It's funny. The Democrats were more protectionist, you know, 1970s and 80s.
And it keeps our manufacturers short because you've got to compete. We've bought into this. Now we're going back to our roots. It's funny. The Democrats were more protectionist, you know, 1970s and 80s.
I think you're right because we're following the president's lead. But, you know, I'm philosophically a Milton Friedman guy. I read I read the Smith on free trade in the invisible hand. Yeah. All the kind of stuff that I buy into it. But it's funny that the Democrats sound like Republicans. The Republicans sound like dumb crap. And that's sort of, yeah. And also on Ukraine and Russia, same thing.
I think you're right because we're following the president's lead. But, you know, I'm philosophically a Milton Friedman guy. I read I read the Smith on free trade in the invisible hand. Yeah. All the kind of stuff that I buy into it. But it's funny that the Democrats sound like Republicans. The Republicans sound like dumb crap. And that's sort of, yeah. And also on Ukraine and Russia, same thing.
I think you're right because we're following the president's lead. But, you know, I'm philosophically a Milton Friedman guy. I read I read the Smith on free trade in the invisible hand. Yeah. All the kind of stuff that I buy into it. But it's funny that the Democrats sound like Republicans. The Republicans sound like dumb crap. And that's sort of, yeah. And also on Ukraine and Russia, same thing.
So I call a lot of my peers who are so-called right-wing Republicans, I call them their George McGovern Republicans. And they go, who's that? I go, well, that guy ran for president in 1972, and he sounds just like him. On all these same policies, yeah. Let's make a deal with the Russians. Let's have protection, yeah. Yeah. But this is how I see this happening. We're going to...
So I call a lot of my peers who are so-called right-wing Republicans, I call them their George McGovern Republicans. And they go, who's that? I go, well, that guy ran for president in 1972, and he sounds just like him. On all these same policies, yeah. Let's make a deal with the Russians. Let's have protection, yeah. Yeah. But this is how I see this happening. We're going to...
So I call a lot of my peers who are so-called right-wing Republicans, I call them their George McGovern Republicans. And they go, who's that? I go, well, that guy ran for president in 1972, and he sounds just like him. On all these same policies, yeah. Let's make a deal with the Russians. Let's have protection, yeah. Yeah. But this is how I see this happening. We're going to...
We submit this bill from Monday and already Sir Grassley and his Democrat colleague, they've already submitted the Senate. They got Southern Republicans already are co-sponsors. You could see a pathway to 60 here, depending on how the market goes, inflation, unemployment based off what happens with these tariffs. I think it's going to be a lot longer for the House to get there. I get that.
We submit this bill from Monday and already Sir Grassley and his Democrat colleague, they've already submitted the Senate. They got Southern Republicans already are co-sponsors. You could see a pathway to 60 here, depending on how the market goes, inflation, unemployment based off what happens with these tariffs. I think it's going to be a lot longer for the House to get there. I get that.
We submit this bill from Monday and already Sir Grassley and his Democrat colleague, they've already submitted the Senate. They got Southern Republicans already are co-sponsors. You could see a pathway to 60 here, depending on how the market goes, inflation, unemployment based off what happens with these tariffs. I think it's going to be a lot longer for the House to get there. I get that.
But if the Senate ends up passing it and we're not seeing good traction in the economy, you're going to see people say, okay, this isn't working. And We've got to restore our authorities. In the Constitution, it says Congress has the authority for tariffs and taxes. And by the way, some Republicans are in denial. Tariffs are a tax on consumers. There's no other way around it.
But if the Senate ends up passing it and we're not seeing good traction in the economy, you're going to see people say, okay, this isn't working. And We've got to restore our authorities. In the Constitution, it says Congress has the authority for tariffs and taxes. And by the way, some Republicans are in denial. Tariffs are a tax on consumers. There's no other way around it.
But if the Senate ends up passing it and we're not seeing good traction in the economy, you're going to see people say, okay, this isn't working. And We've got to restore our authorities. In the Constitution, it says Congress has the authority for tariffs and taxes. And by the way, some Republicans are in denial. Tariffs are a tax on consumers. There's no other way around it.
That's just what it is. We have that power, but we gave it away approximately a century ago, an emergency. If it was an emergency, then the president could do it. So the Congress sees, OK, this is being abused. It's not an emergency. This is a sole policy being written. Or is it possible the courts will intervene here? I was just going to ask you about the courts.