Lawrence: Donald Trump is proposing the ‘worst economic policy in U.S. history’

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Published 2024-06-19
MSNBC’s Lawrence O’Donnell explains why Donald Trump’s plan to eliminate the tax code and replace it with tariffs is, as Henry Ford would say, “an economic stupidity.”
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All Comments (21)
  • @kortyEdna825
    The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
  • Why would anyone in their right mind suppose that DJT knows anything about economics? The dude can just barely read.
  • A couple of immediate effects: 1) WalMart would go out of business. 2) Every country on earth would instantly levy tariffs on U.S. products. 3) Food prices would double
  • @jgrey8959
    Every U.S. President had previously been a Governor, Senator, Representative, or General, with two exceptions: Herbert Hoover and Donald Trump.
  • Just a reminder, those who choose to ignore the lessons of history condemn themselves to relive it.
  • On this issue, the Federal Communications Commission should require Fox "News" to tell its audience the truth. To not do so strikes me as inexcusably irresponsible.
  • @volrath77
    I'm not an American but even I've heard and read about the Smoot-Hawley Act and how bad it was. If Americans themselves do not know about this, I shudder to think about the level of education among Trump supporters.
  • @JR-pr8jb
    Trump thinks sharks hang around electric boats waiting for them to sink from their weight.
  • @JoyJonas
    Biden and his proxies need to clearly explain this to the American people in a very easy to understand way.
  • tarrif are basically a permanent sales tax surge charge at the federal level for poor people
  • @JR-pr8jb
    Everybody hates high prices, and that's Trump's only economic proposal.
  • @lancealot787
    But a businessman that can bankrupt 3 casinos knows better
  • @JR-pr8jb
    Tariffs and sales taxes generally hurt everyone, although not so much if you're a billionaire.
  • @tomg6498
    Trump was a sour failure as a president. If sour milk goes bad i don't put it back in the fridge thinking it would get better.