Trump's tariffs are 'biggest policy mistake in 95 years,' Wharton's Jeremy Siegel says
Trump's tariffs are 'biggest policy mistake in 95 years,' Wharton's Jeremy Siegel says
Now I'm wondering what happened 95 years ago that was worse.
The last time the US did wide sweeping tariffs it plunged a stagnant economy into the great depression. That was 95-96 years ago. Trump does the same thing expecting different results, gets even greater depression.
It's funny because you have every expert known to man saying "this will be devastating for the economy" and no one listened. Now everyone's 401k evaporates and they care all of a sudden. They were told this would happen and no one cared.
"The Great Depression produced The Greatest Generation, and we're going to do it again!" - HitlerPig 2.0
What Trump did is actually worse. His tariffs are even higher than the Smoot-Hawley ones.
And our reliance on a complex global economic/ trade system is far higher today. We have a LOT more to lose.
This is going to be the greatest depression, folks, possibly in history they say. We've got the smartest people working on this depression.
And his idiot voter are will be cheering it on, even when they're starving to death. And for what, the dumbest and ugliest fatso on the planet. Great guys hope you enjoyed your time on earth owning the libs. Hope it was worth it.
The Trump's supporters have not lost the faith.
I would assume not. At this point he could drive the car into a volcano and they would make up reasons about why it was actually a good thing.
Is what it is.
The great depression more or less.