Tariff Critic Eats Trumpanomics Crow?

Letter to Ephesians: WSJ’s fearmongering over Trump’s tariff policy may yet prove correct BUT the paper now concedes the president’s “tariffs are lifting some US manufacturers” while “stocks roar ahead, brushing off recession warnings.” Huh? And, Huh? Again …

Of course, the big business newspaper & darling of Wall Street big shots qualifies even its occasional retreat on tariff trashing, e.g.,  by recently adding that “some small & midsize US manufacturers are seeing an uptick in orders from companies looking to avoid new tariffs”; meanwhile, the paper solemnly reiterates  that “Wall Street’s best forecasters have been warning that tariffs could spark a recession, while (again) conceding “Someone forgot to tell stock traders.”

Memo to WSJ’s editorial board: “Your myopic & biased doomsday view of tariffs based on old school free market doctrine may yet itself be doomed because it fails to take into account so many possible positive effects that may counter your worst fears now if not over time, including: The boost in federal revenues to set up income tax reforms & cut down the national debt; favorable trade deals that finally level the playing field that’s been rigged against American business since WW II; and the enabling of more manufacturer’s to build factories & create jobs here in America so our businesses & people are no longer so dependent on foreign entities, especially in the energy, pharma, high tech & rare earth mineral industries.” So, relax WSJ & maybe ease up on the Trump tariff criticism until your worst fears even come true … or maybe get ready to eat more Trumpanomics crow.

Davd Soul