Scott Simon
๐ค SpeakerAppearances Over Time
Podcast Appearances
And remember, President Trump took over an economy that was in solid shape. Unemployment was low. GDP was growing at a respectable clip. Inflation was a little high, but it was much improved from a few years ago. And Trump made the decision to turn over the furniture and kick up a lot of dust. So where that dust settles now is going to be on him. It's the old pottery barn rule.
And remember, President Trump took over an economy that was in solid shape. Unemployment was low. GDP was growing at a respectable clip. Inflation was a little high, but it was much improved from a few years ago. And Trump made the decision to turn over the furniture and kick up a lot of dust. So where that dust settles now is going to be on him. It's the old pottery barn rule.
And remember, President Trump took over an economy that was in solid shape. Unemployment was low. GDP was growing at a respectable clip. Inflation was a little high, but it was much improved from a few years ago. And Trump made the decision to turn over the furniture and kick up a lot of dust. So where that dust settles now is going to be on him. It's the old pottery barn rule.
If you break it, you own the results.
If you break it, you own the results.
If you break it, you own the results.
These are high tariffs, and they could bring in a lot of money. That's one way the administration plans to make up for the money that the government stands to lose if it extends the 2017 tax cuts. But this is not a simple matter of taking money out of one pocket and putting it in the other. Tariffs will be paid disproportionately from the pockets of working people.
These are high tariffs, and they could bring in a lot of money. That's one way the administration plans to make up for the money that the government stands to lose if it extends the 2017 tax cuts. But this is not a simple matter of taking money out of one pocket and putting it in the other. Tariffs will be paid disproportionately from the pockets of working people.
These are high tariffs, and they could bring in a lot of money. That's one way the administration plans to make up for the money that the government stands to lose if it extends the 2017 tax cuts. But this is not a simple matter of taking money out of one pocket and putting it in the other. Tariffs will be paid disproportionately from the pockets of working people.
That's who's shopping at Walmart and paying higher prices for imported toys and shoes and winter produce. Meanwhile, the savings from the tax cuts will primarily flow to the pockets of the wealthy. So this is a reverse Robin Hood policy, trading taxes for tariffs. It takes money from the poor and gives it to the rich. And how are other countries responding?
That's who's shopping at Walmart and paying higher prices for imported toys and shoes and winter produce. Meanwhile, the savings from the tax cuts will primarily flow to the pockets of the wealthy. So this is a reverse Robin Hood policy, trading taxes for tariffs. It takes money from the poor and gives it to the rich. And how are other countries responding?
That's who's shopping at Walmart and paying higher prices for imported toys and shoes and winter produce. Meanwhile, the savings from the tax cuts will primarily flow to the pockets of the wealthy. So this is a reverse Robin Hood policy, trading taxes for tariffs. It takes money from the poor and gives it to the rich. And how are other countries responding?
Other countries will likely buy less from U.S. exporters, which will hurt farmers and factories here. What's more, a lot of countries that depend on exports to the United States will find it harder to sell their goods here, and they may be pushed towards recession. Trump has ordered tariffs that are not only higher, but also broader than those we've seen before.
Other countries will likely buy less from U.S. exporters, which will hurt farmers and factories here. What's more, a lot of countries that depend on exports to the United States will find it harder to sell their goods here, and they may be pushed towards recession. Trump has ordered tariffs that are not only higher, but also broader than those we've seen before.
Other countries will likely buy less from U.S. exporters, which will hurt farmers and factories here. What's more, a lot of countries that depend on exports to the United States will find it harder to sell their goods here, and they may be pushed towards recession. Trump has ordered tariffs that are not only higher, but also broader than those we've seen before.
He's planning to tax all kinds of things that we do not and cannot produce at scale here, like tropical fruit. Even with global warming, I don't think we're going to start growing a lot of bananas in the U.S., so We're going to import the bananas, but Americans are going to pay more for them, and nervous shoppers have already started to dial back their spending.
He's planning to tax all kinds of things that we do not and cannot produce at scale here, like tropical fruit. Even with global warming, I don't think we're going to start growing a lot of bananas in the U.S., so We're going to import the bananas, but Americans are going to pay more for them, and nervous shoppers have already started to dial back their spending.
He's planning to tax all kinds of things that we do not and cannot produce at scale here, like tropical fruit. Even with global warming, I don't think we're going to start growing a lot of bananas in the U.S., so We're going to import the bananas, but Americans are going to pay more for them, and nervous shoppers have already started to dial back their spending.
Good to be with you.
Good to be with you.