Tuesday, August 25, 2026

Tariff Impact

 For those foolish people who believed Trump when he said that higher tariffs are not paid for by the US consumers... Trump has apparently changed his mind...

🙂

7 comments:

  1. People read things into the Constitution. They want to say those founders in that hot Philadelphia summer of 1787 dealt with and decided a lot of issues we are facing 240 years later. This is the fundamental assumption of "Originalism". It's not my favorite doctrine. I don't think legislative bodies have original intent when they are making laws today, let alone have an original intent that can be discerned after a couple of hundred years later. But there are things where the document is pretty clear, where it refers concepts that haven't changed over the passage of time. One of the huge motivating ideas of the American revolution, and the constitution that was enacted in its aftermath was that there should be no taxation without representation. The constitution is clear on this. It gives the authority to originate tax legislation to the house of representatives, the only body established by the constitution directly elected by the people. So why does President Trump think he can unilaterally enact taxes on his own authority?--Hiram

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  2. Apparently he rationalizes that it is a National Defense action...

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  3. The constitution gives the power to make Lawar to Congress, for what I am sure are exactly the same reasons they gave the power to tax to the legislative branch. My guess is that decisions of taxation and war were too important to be left to one individual. Were they wrong?

    ==Hiram

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  4. We will see what SCOTUS rules this time.

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  5. The Supreme Court justices are running scared. They knew they could be aggressive with President Biden because they understood he would accept their rulings. They don't know that with Trump. They are very aware that if Trump defies even one of their rulings in any significant way, that will be the end of their role as an effective branch of the government. And from that, there will be no going back. The power lost in the Trump administration will not be restored in any subsequent administration. This is what keeps John Roberts up at night.==Hiram

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  6. I think I disagree with that assessment. :-O

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  7. Back in the day, we used to talk about how the Supreme Court was like an umpire, calling balls and strikes without regard for who was up. That changed when Chief Justice Roberts, a political lawyer with a very specific agenda came onto the court, and we have been living with that ever since. Now we have Republican justices and Democratic justices. We have nominees to the court who openly lie during nomination hearings. We have justices who compose lengthy, erudite and dare I say it, intellectually brilliant opinion which contradict obvious truths. America has a Supreme Court problem.==Hiram

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