Instant gratification is one of the significant issues of today’s society. We want what we want NOW.
That’s not how it works.
Vice President JD Vance addressed the issue this morning on Fox & Friends. He knows people want the tariffs to solve problems right now and see prices plummet this minute:
VANCE: “We’re doing a lot of things and already have done a lot of things to lower the cost of energy. You heard the president mention this yesterday. Eggs, when we came in, were at a 10-year high and all of a sudden they’ve dropped 60 percent just in the two months of the Trump administration. What I’d ask folks to appreciate here is that we are not going to fix things overnight.”JONES: “Yeah.”VANCE: “Joe Biden left us — this is not an exaggeration Lawrence — with the largest peacetime debt and deficit in the history of the United States of America, with sky-high interest rates. You don’t fix that stuff overnight.”
Vance then explained the tariffs and manufacturing:
Well, if you go back a little bit, Lawrence, remember during the first Trump administration, everybody said that Trump’s tariffs were going to be inflationary back then. What actually happened? We had 1.5% inflation. We had the fastest growing economy in a generation, and we had the beginning of a manufacturing renaissance in the United States of America.Then, of course, we had four terrible years of the Biden administration, but I think it’s useful for all of us to step back and ask us, ask ourselves, what has the globalist economy gotten the United States of America? And the answer is fundamentally, it’s based on two principles, incurring a huge amount of debt to buy things that other countries make for us. And to make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacturer. That is not a recipe for economic prosperity. It’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America.For 40 years, we have gone down that pathway we’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now. President Trump is taking this economy in a different direction. He ran on that. He promised it, and now he’s delivering.And yes, this is a big change. I’m not going to shy away from it, but we needed a big change, Lawrence. We cannot keep going down the Joe Biden globalist pathway where we have two trillion dollars of peacetime debt and deficits. We have manufacturing disappearing that is not working for Americans. We’ve got to take this country in a different direction.
Honestly…you know what is a better way to bring businesses back to America? Cut the red tape. Cut the regulations. Tax incentives. Tax breaks.
I hope that President Donald Trump’s tariffs are a positive negotiating tool. I hate tariffs, and I will always hate tariffs.
But tariffs are not enough. We must cut the red tape and regulations.
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