Clueless Trump Demands You Pay More For Less: He Says So Himself

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In another absurd Tweet, Trump lashes out at the Fed and a US dollar that supposedly buys too much

Pay More and Receive Less

https://twitter.com/realDonaldTrump/status/1138427450927529984

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Trump is clearly upset that the US dollar buys too much stuff.

Those on fixed income, those wanting to buy a home, and anyone with an ounce of common sense knows Trump is an economic illiterate fool.

Standards of living rise when people get more for their money. Over time, things that only the wealthy can afford become more affordable when the dollar buys more than it used to.

Trump proposes economic stupidity at its finest.

Since the Fed generally agrees despite the Tweet, it explains the demise of the middle class.

Trump is as at least as economically clueless as the Fed he rails against.

Mike "Mish" Shedlock

Comments (26)
No. 1-15
Sechel
Sechel

It's part of Trump's xenophobia. Clueless base cheers that Trump is beating up on foreigners not realizing how tariffs are basically akin shooting ourselves in the foot. Importing more than exporting sounds bad to a simpleton and Trump appeals to that

Menaquinone
Menaquinone

The welfare dollar buys too much for moochers who are not worth minimum wage. Taxpayers pay too much to support moochers. Tariff inflation fixes that. Moochers become worth minimum wage and stop sucking the taxpayer tit. Some coercion required.

Matt3
Matt3

We have been running no tariffs on imports while others tariff our exports. Drive around the country and see how that has worked out! Rural communities destroyed. Cities with tremendous homelessness. Low workforce participation and increasing drug use. I still believe that free trade is the best solution but that would mean all directions and with similar regulatory and environmental rules. This is not the case. Look at China "rare earth". They have 80% of the market because they don't care about worker health and creating an environmental disaster. Their manufacturing sector runs in the same manner. Those that support buying from them (they are the cheapest) have a moral compass that is fixed to out of sight out of mind. The cheapest source (great for US consumers) is virtually slave wages, oppressive governments with no regard for individuals and the creation of environmental hell holes. Those knowingly buying should be ashamed.

KidHorn
KidHorn

Trump is clueless, but no more than most politicians. And no more than 90% of the country.

Mike 2112
Mike 2112

Slave labor would make things even cheaper! Let's outsource to a country that permits slavery instead of one where they put nets outside the windows to prevent suicide and let factories pollute in ways they never could in the West.

Outsourcing destroyed our economy and helped China build aircraft carriers. Stupid move on our part.