TARIFFS | Tariffs: Short-term pain, much to gain
To the editor:
America is certainly a “me” nation. Hard to believe that Americans are so wrapped up in themselves that they can’t stand a little pain.
America is being robbed by other countries who are charging high tariffs on American products and receiving minimal tariffs in return. Our debt has soared to $36 trillion in only a couple decades after remaining relatively small for 250 years due in part to the unfair tariffs.
The tariff resolutions will take time but American cannot help but win big. We are the biggest customer in the world so we have all the leverage over those countries who are robbing us. Customers hold the money. A strong president who wants to solve America’s problems has the courage to face the negatives from the other party, the selective news, and people who are just always wanting a free lunch.
Sure, the stock market is an emotional money game. Reaction to a small matter can cut the stock market by 1% in one day but recovers in two days. Emotion is temporary. The tariffs are presented by fake news as a big emotional issue. My goodness! People who won’t be using their money for many years are all upset about a 10% variation with the likely potential of soaring in the future. Would you rather America continue to be robbed and more debt piled on so we can’t pay Social Security, Medicare etc.? Would you rather have America continue to drift toward cheap jobs requiring very little intelligence? All brawn and no brains?
Large companies both domestic and foreign are now committed to building huge new factories in America costing trillions since the tariffs have been announced. How can that not be an economic boom for us and the stock market!
Many want to increase spending, ignoring debt and are upset that some Washington bureaucrats have to report five things they did in their jobs. Are they upset about having to admit they didn’t do anything?
Elon Musk is becoming very unpopular for finding taxpayer money literally being thrown away and given to some bureaucrat’s favorite political hobby, offshore bank or moral (mostly immoral) beliefs. And Elon is bad for saving taxpayers billions?? Really? The people creating this negative thought are ones who only want more for themselves or are against anything that the other party is doing to improve America.
Under this mammoth debt problem, lefties such as Walz, AOC and Sanders are preaching socialism which requires much more money and much less freedom to say nothing about doubling the debt.
Get on your knees America and pray for patience knowing that the future is going to be great.
John Benedict
Cape Coral