I often disagree with Bret Stephens of the New York Times on the issues, but I appreciate his intellectual honesty. Stephens is a genuine political conservative, appalled by Donald Trump and clear-eyed about the transformation of the GOP from a center-right political party into an unrecognizable cult held together by grievance.
As he observed in a recent exchange with liberal columnist Gail Collins:
If there were truth in advertising, Republicans would have to rename themselves the Opposite Party. They were the party of law and order. Now they want to abolish the F.B.I. They were the party that revered the symbols of the nation. Now they think the Jan. 6 riots were like a “normal tourist visit.” They were the party of moral character and virtue. Now they couldn’t care less that their standard-bearer consorted with a porn star. They were the party of staring down the Evil Empire. Now they’re Putin’s last best hope. They were the party of free trade. Now they’re protectionists. They were the party that cheered the Supreme Court’s 2010 Citizens United decision, which argued that corporations had free speech. Now they are being sued by Disney because the company dared express an opinion they dislike. They were the party that once believed that “family values don’t stop at the Rio Grande,” as George W. Bush put it. Now some of them want to invade Mexico.
The party that used to defend the right of businesses to run their own affairs–the party that, as Stephens notes, was committed to free trade– is relentlessly attacking corporations that have recognized the importance of diversity and inclusion, and is in the process of embracing tariffs–aka trade war tactics.
According to the Washington Post, in a recent interview with Fox Business’s Larry Kudlow, Trump explained that he favors a universal 10% tariff on all goods imported into the US:
“I think we should have a ring around the collar” of the U.S. economy, Trump said in an interview with Kudlow on Fox Business on Thursday. “When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax … I do like the 10 percent for everybody.”
The Post reported that Trump and his advisers are promoting the imposition of a universal tariff on all imports as “a central plank in his 2024 bid for a second term.”
As virtually all economists–conservative and/or liberal– will insist, tariffs are a terrible idea. (In his daily newsletter, Robert Hubbell characterized a 10% universal tariff as “an economy-destroying debacle of generational proportions.”) Hubbell quoted one expert on the subject who characterized the idea as “lunacy.”
What is wrong with tariffs, you ask? Well, other than leading other major economic powers to conclude the United States cannot be trusted as a trading partner, tariffs are basically a hidden tax ultimately paid by US consumers. Also, history confirms that the imposition of tariffs by one country inevitably triggers retaliatory tariffs by others.
We saw the effects of such tariffs when Trump imposed a number of them on China during his disastrous Presidency. They wreaked havoc on U.S. farmers. The impact was so severe that the administration had to make massive grants to farmers to offset the losses.
As Forbes reported at the time,
The Trump administration gave more taxpayer dollars to farmers harmed by the administration’s trade policies than the federal government spends each year building ships for the Navy or maintaining America’s nuclear arsenal, according to a new report. A National Foundation for American Policy analysis concluded the spending on farmers was also higher than the annual budgets of several government agencies. “The amount of money raises questions about the strategy of imposing tariffs and permitting the use of taxpayer money to shield policymakers from the consequences of their actions,” according to the analysis.
According to experts, the value of US imports in 2022 approached $4 trillion. A 10% universal tariff imposed on that amount would cost consumers $400 billion.
This insane tariff proposal is just one more bit of evidence–as if we needed any– that Trump hasn’t the foggiest idea how economies work. His behavior during the four years he was President convincingly demonstrated that he also lacks any understanding of how government operates. He may well be the most profoundly ignorant person ever to occupy the Oval Office (and we’ve had some clunkers…)
Given Stephens’ entirely accurate description of the “Opposite Party,” and given the loyalty of MAGA Republicans to a self-obsessed clown whose positions are, indeed, “opposite” of those traditionally held by the GOP, all I can conclude is that grievance–primarily racial grievance–has Trumped sanity. (Double-entendre intended..)
The GOP that once was is dead. R.I.P.
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