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Swampy Trumpy @HalloweenBlogs
, 10 tweets, 6 min read Read on Twitter
THREAD. Read John Harwood article which says the voters who will decide the 2018 midterms haven't yet decided if Trump has been good for them or not. So here's some proof he's been bad for average Americans. If you know something good to add, just reply.
Let's start with Trump's protectionist tariffs. Here's a typical article written *before* Trump instituted the first of his tariffs (on steel and aluminum) which says "Its hard to find an economist who thinks this is a good idea." finance.yahoo.com/news/trump-doo…
The proposed tariffs were also opposed by most Democrats. Even if you only took into account the immediate effects, and not a possible trade war, the small number of jobs gained by tariffs would be dwarfed by the number of jobs lost in other industries.
But it wasn't just Democrats and most economists who opposed the Trump tariffs. Republican politicians did, too.
Many Congressional Republicans opposed tariffs: McConnell, Ryan, Hatch, Flake, Cornyn, Mike Lee, Tom Cole & Mark Meadows. 100+ "signed onto a letter warning Trump about the economic consequences of the tariffs and raising concerns about a trade war" thehill.com/business-a-lob…
Unable to dissuade Trump, some Congressional Republicans publicly threatened legislative steps to stop the tariffs. Jeff Flake: "Congress cannot be complicit as the administration courts economic disaster." thehill.com/business-a-lob… washingtonpost.com/business/econo…
GOP leadership in Congress worried tariffs would spark trade wars. Spoiler alert: Republicans did nothing because they were more worried Trump voters would abandon them in the midterms than they were about the economic pain the tariffs would cause. washingtonpost.com/business/econo…
So with the majority of experts and economists, as well as most Congressional Republicans and Democrats opposed to tariffs, Trump went ahead and implemented steel and aluminum tariffs. Trump's response? "Trade wars are good' and "easy to win"
Unfortunately, its not Trump, his friends or big money donors who lose in trade wars, its average Americans. Purely coincidentally, Carl Icahn, a Trump confidante, dumped $31M in related stock just days before Trump announced the steel & aluminum tariffs.
The White House refused repeatedly over time, to say when Trump had last spoken to Icahn, whether Donald had talked to Carl about the tariffs before what an insider trading expert called an "awfully suspicious" well-timed stock dump
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