From Trump's "100 days" interview with Terry Moran:
Trump: "Look, you're trying to say something's gonna happen, Terry. Nothing's gonna happen."
What is this mysterious "something"? I took it to mean "recession" because that's what I think, the r-word that no one wants to say, which I expect to become a full-blown Depression probably before the end of 2025. But I wasn't part of that interview.
Before the words "something's gonna happen" Terry Moran is asking about the tariff on China. Moran says "Your Treasury secretary said we basically have an embargo on China." That's when Trump responds "Look, you're trying to say something's gonna happen, Terry. Nothing's gonna happen." So it looks like the "something" would be a result of the so-called "embargo".
That doesn't mean anything to me. So I googled what does an embargo cause?
Google's AI Overview responded:
An embargo, a government-imposed trade restriction, can cause several consequences, primarily impacting trade, economics, and potentially, foreign policy. It restricts the movement of goods and services, both in and out of a targeted country or region, leading to potential shortages, price increases, and disruptions in international commerce.
Well, not a war, then. But there was this from r/CallOfWar, a subreddit for the World War II strategy game:
Q: Does anyone know what the point of trade embargo is?
A: It reduces the decrease in your global popularity when you go to war with someone you've imposed a trade embargo on.
Well, that makes more sense than what Trump said.
Yeah, I'm just going with "Depression".
2 comments:
There is simply no way in which one can foresee certain events or developments because they are objectively unknown. The past does not predict the future. Sometimes we do not know because we cannot know. Any President who takes credit for economic gain is strictly hubris...
What a philosopher you are!
The past shows us how the economy worked in the past. The past helps us learn about possible futures -- but we have to allow for changes in the economy, too, and make our best guess.
Most presidents would tie their economic policies to their plan for the future, so we would know where the president wants to take us. Trump doesn't do that. He makes ambiguous statements and seems to enjoy watching the media misinterpret them. That is what happened with Terry Moran in the "100 days" interview: the word "embargo" came up, as the interviewer tried to understand what the Treasury secretary was saying. But Trump cut him off and said "you're trying to say something's gonna happen, Terry. Nothing's gonna happen."
1. I don't know IF Terry Moran was trying to say something's gonna happen. I don't think he was, but I don't know.
2. I don't know if Trump really thought Terry Moran was saying something's gonna happen, or if Trump only said that to confuse the conversation. The latter, I think.
You say: "Any President who takes credit for economic gain is strictly hubris... "
Most presidents are all too happy to take credit at every opportunity. Trump more than most, it seems.
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