In previous years, I posted about right-wing recycling: Trump cut taxes for the wealthy; the deficit soared; and the wealthy financed the debt instead of investing in new businesses. Trump 2.0 will give us a new form of recycling: Trump imposes tariffs; our trading partners retaliate; American businesses dependent on exports suffer; and Trump responds by bailing out the suffering businesses that support him (e.g., farmers) with the proceeds of the tariffs. The beneficiaries of the bailouts become grateful wards of the state and vote for Republicans in spite of their business reverses, while we enjoy higher prices and slow growth.
Sounds great, doesn’t it?