Tom
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Appearances Over Time
Podcast Appearances
And you could debate whether tariffs are good or bad.
These tariffs did not create runaway inflation as predicted.
The market calmed down because, as you pointed out, and you're correct, the market didn't have certainty on Liberation Day.
And the market, as they say, freaked the F out
ON APRIL 2ND OF LAST YEAR, BUT THEN THE MARKET CAME BACK.
SO THESE TARIFFS ARE NOT ILLEGAL.
THE PRESIDENT DIDN'T HAVE PERMISSION FROM CONGRESS, BUT IF CONGRESS GOT TOGETHER TOMORROW MORNING, PAT, AND SIMPLY STATED, WE HEREBY RATIFY THE TARIFFS AS IMPLEMENTED BY THE PRESIDENT,
AND VOTED.
THAT SIMPLE VOTE WOULD RETROACTIVELY TELL THE WHOLE WORLD, HEY, WE'RE ALL TOGETHER HERE, WE'RE BEHIND THE PRESIDENT, AND YOU BETTER DEAL WITH THESE, AND YOU'VE NEGOTIATED TRADE DEALS WITH US, SO, YOU KNOW, THE GUY THAT'S NEGOTIATING WITH YOU AND WITCOFF AND BESSENT AND RUBIO AND EVERYBODY THAT WAS INVOLVED, HEY, WE'RE BEHIND OUR LEADERSHIP.
Deal with it.
That's all they have to do, Pat.
A vote by the U.S.
Congress that says, we hereby retroactively ratify that we approve the tariffs as enforced as they are today.
Here.
There you go.
Buy the land, build the factory, hire the people.
It takes a minute.
IT'S VERY IMPORTANT.
THE EXECUTIVE ORDER IS THE MECHANISM FOR THE PRESIDENT TO DO EXACTLY WHAT YOU'RE TALKING ABOUT.
HOWEVER, THERE ARE THESE LIMITS.