#USpol

👉️ #MAGA is the economic perversion of #Reagonomics👈️

(10/10)

...options for homebuyers.”

“What’s not clear, however, is why the government should require U.S. consumers and homebuilders to bear the burden of supporting U.S. growers who can’t compete,” they wrote."

-> Maybe #Trump cannot be sure of a favorable #SCOTUS verdict on #Tariffs, as he only appointed some of the judges, but #TheHeritageFoundates has decades of influence peddling and meddling in its affairs on their side...

#USpol

👉️ #MAGA is the economic perversion of #Reagonomics👈️

(9/10)

PS:

😂 #Trump is even losing part of the #HeritageFoundation, the creators of the disastrous #Project2025 on #TradePolicy:

"Even the far-right Heritage Foundation can’t stick by Trump’s side on this. On Heritage’s blog, Anthony B. Kim and Patrick Tyrrell said that Trump’s tariffs were causing “suppressed activity in the U.S. homebuilding industry, fewer construction jobs, and fewer...

https://www.dailykos.com/stories/2025/10/28/2350766/-Canada-is-not-done-taunting-Trump-over-his-tariffs

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(8/10)

...#RonaldReagan's trade policy with #DonaldTrump's stance on #Tariffs:

"I love tariffs. Most beautiful word, but I'm not allowed to say that anymore. Tariff is my favourite word. I love the word tariff. We're becoming rich as hell..."

speaking at the Marine Corps Base in #Quantico.

https://www.ndtv.com/world-news/us-tariff-news-donald-trump-defends-his-trade-policy-says-its-making-us-rich-i-love-tariffs-9375445

//
Source:

https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(7/n)

...and higher #TradeBarriers, and less and less competition. 👈 So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.

👉 Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.👈 ..."

Contrast...

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(6/n)

...competing and stop making the innovative management and technological changes they need to succeed in world markets.👈

And then, while all this is going on, something even worse occurs. 👉 High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more #tariffs,

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(5/n)

...``Let's impose tariffs on foreign imports,'' it looks like they're doing the patriotic thing by protecting #American products and jobs. 👉 And sometimes for a short while it works -- but only for a short time👈 .

What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. 👉 They stop...

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(4/n)

...Here is his #Reagan's sound rationale for his #FreeTradePolicy:

" today many #economic analysts and #historians argue that high #tariff legislation passed back in that period called the #SmootHawleyTariff greatly deepened the [Great] depression and prevented economic recovery.

You see, at first, when someone says,...

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(3/n)

...millions are tied to imports👈 .

Well, I've never forgotten those jobs. And on trade issues, by and large, we've done well. 👉 In certain select cases👈 , like the Japanese semiconductors, we've taken steps to stop unfair practices against American products, but we've still maintained 👉 our basic, long-term commitment to free trade and economic growth."👈 ..

#USpol

👉 #MAGA is the economic perversion of #Reagonomics👈

*#Reagan's 1987 Radio Address to the Nation on Free and Fair Trade*

(2/n)

...👉 those in this [1987] #Congress, just as there were back in the thirties, who want to go for the quick political advantage, who will risk #America's prosperity for the sake of a short-term appeal to some special interest group, who forget that more than 5 million #American jobs are directly tied to the foreign export business and additional...