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Trump tariffs, taxes and trade war making 1800s protectionism great again

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When Donald Trump announced YUGE tariffs on solar panels and residential washing machines earlier this year, he officially launched a new global trade war. Under the guise of “America First,” Trump’s used his Nationalist Populist philosophy to advance big government elitism that harkens back to Barack Obama’s approach to economic policy where Washington picks the winners and losers.

Unfortunately, Trump was just getting started. Last week, the New York liberal with an “R” after his name announced the next round of attacks on the free market–an across-the-board tariff of 25 percent on steel and 10 percent on aluminum.

Facing a heavy backlash from conservatives like Sens. Ben Sasse and Mike Lee, Trump assured America that “trade wars are good, and easy to win.” He went on to say that “the steel industry is in bad shape” even though over 70 percent of the steel used in America comes from America.

Trump’s billionaire Commerce Secretary, Wilbur Ross, appeared on CNBC to do some damage control, and he assured consumers that the tariffs will have a “trivial” impact on prices because it only amounts to a few pennies on cans of soup and soda, and a few hundred dollars on a new car. While these amounts may be insignificant to a man worth over ten figures, to the average American family a few hundred dollars is anything but “trivial.”

Ross continued in his defense of steel tariffs by pointing out that it’s been done before, and he’s right. Most recently, tariffs on steel were tried by George W. Bush with disastrous results. Prices for products using steel rose 40 percent as the economy lost tens of thousands of jobs while saving 1700 steelworker jobs at a cost of approximately $800,000 each.

Countries affected by the steel tariff aren’t sitting idly by. For example, the European Union responded to Trump by announcing plans to target imports of Harley-Davidson motorcycles, Levi Straus jeans, and whiskey producers from the U.S. Not to worry though. Trump’s “winning” response to the EU was a threat to add a Tax on cars imported from Europe which, of course, will make autos even more expensive.

Yeah, that’ll show ’em who’s boss!

Tariff is simply another word for “tax,” and when you add Trump’s interest in raising the gas tax and creating a new internet sales tax to pay for his big government agenda, you can kiss that extra money in your paycheck from the recent tax deal good-bye.

Trump promised to build a wall on our southern border to keep out illegals. Instead, he’s building a wall made of tariffs, taxes and a trade war around the US economy to keep out free trade as he makes 1800s protectionism great again.

Originally posted on The Strident Conservative.

 

David Leach is the owner of The Strident Conservative. His daily radio commentary is nationally syndicated with Salem Radio Network and can be heard on stations across America.

Follow the Strident Conservative on Twitter and Facebook. Subscribe to receive podcasts of radio commentaries: iTunes | Stitcher | Tune In | RSS

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Economy

Frontier Flight Attendants vote to authorize strike

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Frontier Flight Attendants vote to authorize strike

Frontier Flight Attendants, represented by the Association of Flight Attendants-CWA (AFA), today voted 99 percent to authorize a strike.

“Frontier Flight Attendants sent a strong message today that we are united in our fight for the contract we have earned,” said Jennifer Sala, AFA Frontier President. “We are ready to do whatever it takes to get the contract we deserve.”

Frontier Flight Attendants have picketed at Frontier-hub airports over the last six months. Frontier Pilots recently announced a tentative agreement, but Flight Attendants still face labor unrest.

Negotiations are overseen by the National Mediation Board and are scheduled to continue at the end of November. Lack of progress could lead to the National Mediation Board (NMB) declaring that negotiations are deadlocked and releasing both parties into a 30-day “cooling off” period leading to a strike deadline. AFA has a trademarked strike strategy known as CHAOS or Create Havoc Around Our System™. With CHAOS, a strike could affect the entire system or a single flight. The union decides when, where and how to strike without notice to management or passengers.

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Economy

The best thing Alexandria Ocasio-Cortez has ever said

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The best thing Alexandria Ocasio-Cortez has ever said

The freshman congressional sensation from New York, Democrat Alexandria Ocasio-Cortez, has made some pretty awful remarks about the economy. She was so proud of answering, “You just pay for it,” when asked how to pay for the $32 trillion price tag on her proposed healthcare plan that she posted it on social media.

For someone with a degree in economics, her ideas seem to be fueled by something other than economic logic. That didn’t stop her from making a short but incredible statement about the economy.

“I don’t think most of Congress understands how economics works.”

I agree. I also think her presence in Congress isn’t going to raise the level of economic understanding any time soon. Welcome to Washington DC, Congresswoman!

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Economy

Keystone XL stopped by judiciary using bureaucracy to promote lunacy

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Keystone XL stopped by judiciary using bureaucracy to promote lunacy

Activist judge Brian Morris in Montana may have just put the final nail in the Keystone XL pipeline project. He suspended construction of the pipeline pending another environmental review. Apparently, he didn’t like the conclusions of the first one he ordered, so he’s asking for a second opinion.

Montana Judge Puts Brakes On Keystone XL

https://oilprice.com/Latest-Energy-News/World-News/Montana-Judge-Puts-Brakes-On-Keystone-XL.htmlThe court has asked the government to review its assessment and revise it, taking into account the changes in the oil markets since 2014, the latest in climate change, and the presence of “cultural resources” along the route of the pipeline that was planned to carry heavy oil from Alberta to U.S. refineries. The 830,000 bpd pipeline will run from the Albertan oil sands through Montana and South Dakota, ending in Nebraska, where it would connect to the existing pipeline network that goes on to the Gulf Coast.

The court’s ruling comes a little more than a month after TransCanada said that construction of the pipeline could begin as soon as next year. The announcement followed an environmental impact review from the U.S. State Department, which concluded the pipeline’s impact on the environment would be “negligible to moderate.”

My Take

Even if the project can exhaust this activist judge’s attempts to stop it, there is growing tension on the Canadian side that is likely to table the deal indefinitely. For all intents and purposes, the Keystone XL pipeline is dead.

This is lunacy. We’re talking about the most modern and safe method of transporting heavy oil from the place it can’t be used to the place it can be used. Instead, we will remain reliant on Middle Eastern oil that comes without the unnecessary baggage snowflakes like Judge Morris impose on North America.

But that’s the mood of the day for the judiciary that continues to side with former President Obama to oppose current President Trump. Their power to maintain demonstrably dangerous policies and subvert progress is one of the main reasons we need judicial reform. These maverick judges can harm the nation at will and in cases such as this, they do.

Canada will be hesitant to cooperate on big projects like Pipeline XL because of our judiciary, and who can blame them? One man swimming in power can harm two nations with the stroke of his gavel. Sadly, he’ll sleep well believing he just saved an oil or two.

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