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Abbreviated Pundit Roundup: An economic catastrophe orchestrated by Republicans [1]
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Date: 2025-04-07
Will Bunch/Philadelphia Inquirer:
The only national emergency is the law that empowers a mad king The 1977 law that allows Trump to declare a fake emergency to impose massive tariffs was an invitation to dictatorship. They descended on Philadelphia from all over, determined to act against a king and his “establishment of absolute tyranny over these states.” Their long list of grievances included: “For cutting off our trade with all parts of the world; For imposing taxes on us without our consent; For depriving us, in many cases, of the benefits of trial by jury;
Yeah, you guessed it. The Founding Fathers.
x This is a moment of testing for @realDonaldTrump's advisors. The intellectually honest ones know that this reflects the President’s 40-year fixation, not any kind of a proven economic theory. This is the economic equivalent of what creationism is to biology or what ending… — Lawrence H. Summers (@LHSummers) April 6, 2025
Paul Waldman/The Cross Section:
We’re About to Have a Recession. Are Trump and Republicans Going to Do Anything About It? The government usually works to cushion the blow. Maybe not this time. In modern history, recessions are essentially a Republican enterprise; the last one that began with a Democrat in the White House was a brief one in 1980. But in almost every case, the Republican who oversaw it had to deal with a Congress in which Democrats controlled at least one house; those Democrats would reliably push for more stimulus. Today that is not the case. Republicans are in total control, and they’ve shown how indifferent they can be to people’s suffering. Combine that with the DOGE-mania that currently grips them, and a significant response to the coming recession seems unlikely.
Ali Breland/The Atlantic:
Laura Loomer Is a Warning No one else with direct access to the president has been as outwardly bigoted. Loomer’s power marks how little Trump now seems to care about being around people who have expressed racist and extremist ideas and kept racist and extremist company. She is a bit like the Forrest Gump of Trumpworld—an unlikely but persistent character who just keeps popping up during some of the right’s biggest moments. When Trump got off his private plane on his way to the presidential debate in September, Loomer appeared with him. The next day, when Trump traveled to New York for a 9/11-anniversary memorial, Loomer was again there with him. (She has called 9/11 an “inside job.”) As I wrote at the time, prominent Republicans did not like that their presidential candidate was associating himself with Loomer, and publicly challenged Trump over it. He seemingly has not listened.
A moment to celebrate:
x Paige Bueckers, a UConn legend pic.twitter.com/Ugfge1KpOT — UConn Women’s Basketball (@UConnWBB) April 6, 2025
New York Times:
These Are the 381 Books Removed From the Naval Academy Library Maya Angelou’s “I Know Why the Caged Bird Sings” and books on the Holocaust were among the works removed in response to an order from the office of Defense Secretary Pete Hegseth. The list also includes “Memorializing the Holocaust,” Janet Jacobs’s examination of depictions of women in the Holocaust, and “How to Be Anti-Racist” by Ibram X. Kendi. Also listed are “The Making of Black Lives Matter,” by Christopher J. Lebron; “How Racism Takes Place,” by George Lipsitz; “The Fire This Time,” edited by Jesmyn Ward; “The Myth of Equality,” by Ken Wytsma; studies of the Ku Klux Klan, and the history of lynching in America.
x The markets think companies are going be worth $5 trillion less than they thought before these tariffs started. If you add in the loss to consumers, a reasonable estimate would probably be something like $30 trillion. How big is all of this in comparison? The loss to the economy… — Lawrence H. Summers (@LHSummers) April 6, 2025
Peter Wehner/The Atlantic:
Trump Is Gaslighting Us Trump is an agent of chaos, and chaos has a human cost. National Security Adviser Mike Waltz, who’d inadvertently invited Goldberg to the chat, said, “I can tell you for 100 percent: I don’t know this guy,” and that he “wouldn’t know him if I bumped into him, if I saw him in a police lineup.” A photo soon surfaced of the two standing together at a 2021 event. In response to the Trump administration’s black fog, Goldberg—who’d initially chosen to characterize in general terms, without providing specific details, the nature of the information shared in the Signal chat—released the texts in order to allow people to reach their own conclusions. For its part, the Trump administration once again wants you to believe that two and two make five.
Basic concept that MAGA racists can’t understand:
x nuking the economy and booting immigrants is not going to make housing more affordable, making it easier to build housing will
https://t.co/QUkuAI6SDe — Armand Domalewski (@ArmandDoma) April 6, 2025
Dan Pfeiffer/The Message Box:
Trump is Crashing the Economy ... And his Presidency Raising prices when everyone is mad about high prices is pure political self-destruction I was out of the country last week on vacation with my family. I was mostly removed from the news, but it was hard to miss the epic shit show that was “Liberation Day.” Presidents hold lots of events. They make multiple announcements per week — many unrelated to the economy. So, a President standing in the Rose Garden, as Trump did last week, was not unusual. What was unusual was the President standing in the Rose Garden trying to destroy his own presidency — and the U.S. economy at the same time. The policy and the presentation were truly insane. The President, his advisors, and the Congressional Republicans charged with defending the policy have no idea what they are talking about. The policy is based on a fundamental misunderstanding of the basic concept of a trade deficit — something taught in every Econ 101 class. There is no strategy, no plan, no end game. The President just decided to raise prices and impose the largest single tax increase in U.S. history. Derek Thompson described this insane situation well in a recent piece for The Atlantic:
David Shuster on Trump crashing the economy:
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