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Open original source ↗Monday morning quarterback backpedaling in full Reverse after you @BillAckman shamelessly insulted @howardlutnick . But you had already destroyed all your bridges with all the true Trumpian MAGA “Tariff Is The Most Beautiful Word in the English Language” zealots and lunatics starting with the Jihadist-In-Chief Donald Trump. You seem not to get his views of the world - and those of Lutnick, Navarro, Miller, Greer gang - that the only good trade balance is a zero trade balance with no imports, ie a Penguin Island autarky fantasy. These lunatics want literally reshore to the US not just auto and steel but also cheap tee-shirts and sneakers now produced in Vietnam, Cambodia and Bangladesh! Make America Great Again with $1 tee shirts - produced in Asia - that would cost $30 dollars if produced in the US. Capitalist Ricardo is turning into his 209 year old grave for this most gross assault ever on the principle of comparative advantage!
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It was unfair of me to lash out at @howardlutnick. I don’t think he is pursuing his self interest. I am sure he is doing the best he can for the country while representing the President as Commerce Secretary. It is not an easy job and we don’t know how the sausage was made. I am just frustrated watching what I believe to be a major policy error occur after our country and the president have been making huge economic progress that is now at risk due to the tariffs. I would love to be proven wrong and watch this approach to tariffs and/or their resolution be enormously beneficial to our country and the global economy.
BillAckman ↗