Tom

You give gunpowder to the government, they're just going to use it to make as big and as many and as complex bombs as possible.

You can't say, oh, don't use that to make this kind of bomb.

That's not going to happen.

The minute you're providing this as a defense contractor, that utility, it's going to get used by all of the three-letter agencies.

Protect America.

Terrorists.

So...

YOU KNOW, PEOPLE LIKE TO SAY, OH, THE TARIFFS WERE ILLEGAL.

THE TARIFFS THEMSELVES WERE NOT ILLEGAL.

AND CBS IS CALLING THE TARIFFS ILLEGAL.

WHAT THE SUPREME COURT SAID VERY NARROWLY, KEEP ME HONEST HERE, WAS THE PRESIDENT DID NOT HAVE THE AUTHORITY TO PUT THOSE THINGS IN PLACE BECAUSE HE NEEDED TO GET PERMISSION FROM CONGRESS.

These were not like illegal or backdoor extortion.

This was normal negotiation the way tariffs have been used for 100 years.

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,