Today’s headlines

The U.S. stock market dropped 1,700 points today, a $2 trillion value.  This is the largest drop since the pandemic.

This is THE direct result of Trump’s idea that tariffs will make the United States rich.

If you agree with him, maybe you should read a book on history or on economics or maybe just browse the internet for what the experts are saying. 

As far as I can tell, all educated experts are calling this action insane.

Those on Trump’s staff are saying, “Don’t listen to the experts.  We should trust Donald Trump’s instincts.”  I assume they are referring to the same instincts that drove a casino into bankruptcy.

Interestingly, Shawn Fain, the president of the United Auto Workers is suddenly a big Trump fan.  He mistakenly believes that automakers will now create tens of thousands of high-paying auto worker jobs in the United States. 

I would bet my house that not a single automaker job will be created.  Fewer cars will be sold and therefore fewer will be built as the estimated impact of tariffs on the price increase of a new car is in the $6,000 to $10,000 range.  Not to mention that even if car manufacturers wanted to build new factories in the United States, it would take years and billions of dollars.  The foundation wouldn’t even be in place by the time Trump’s term is over and the tariffs are taken away.

By the way,  Congress has the power to turn off the tariffs.  It just takes a simple majority.  The Senate already passed such a motion to stop the Canadian tariffs. The next step is for the House to approve the measure.

Here is the catch.  Any measure can be brought before the House and they must act on it within 15 days.  Now, to keep this from happening, the House has passed a bill stating that an entire session of Congress, one that ends at the end of the year, will be recognized as only lasting one day.  This means that 15 days will never pass so the House will never have to vote against Trump.

In other news, Elon Musk seems surprised that any judge can tell Trump he has to follow the law.  Elon needs to study the balance of power created by our 3 branches of government in the Constitution.  It is their very job to make sure Trump follows the law.  That is why they exist.

Elon is also complaining that an election for a Supreme Court judge in Wisconsin was stolen.  His evidence:  He spent tens of millions of dollars trying to get the other guy elected.

There is a book out that claims Elon Musk is of average intelligence.  He started companies and sold them but the underlaying intellectual property of those companies did not originate with him.  For example, he took over Tesla, he didn’t invent electric cars.  Not a day goes by when I have to question if Musk’s intellect is as high as an average person’s.

If you voted for Trump; if you voted for a Republican in Congress…

This is all on you.