General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCNBC on tariffs: "Burning down the house to cook a steak." "Defacto tax cuts for the wealthy paid for by the poor."
Bluesky posts from Aaron Rupar and the Lincoln Project on what Carl Quintanilla and Steve Liesman said.
on CNBC, @carlquintanilla.bsky.social describes the Trump administration as "burning down the house to cook a steak."
— Aaron Rupar (@atrupar.com) 2025-04-03T14:33:15.324Z
"These are defacto tax cuts for the wealthy paid for by the poor" - Steve Liesman on CNBC
— The Lincoln Project (@lincolnproject.us) 2025-04-03T14:33:00.132Z
SheltieLover
(76,835 posts)Win-win for traitors.
Easterncedar
(5,531 posts)Economic damage is just leverage. Russia is happy to watch the destruction of the world order and American power.
LetMyPeopleVote
(174,985 posts)The ex-con who repeatedly cited a fake expert asked whether he has more credibility than mainstream economists. He might not like the answer.
Peter Navarro wants to know whoâs more credible, he and his White House colleagues or mainstream economists.
— Steve Benen (@stevebenen.com) 2025-08-15T17:30:33.690Z
Thatâs a conversation Iâm eager to have with the guy who, among other things, wrote books quoting âRon Varaâ â a fake person Navarro concocted. www.msnbc.com/rachel-maddo...
https://www.msnbc.com/rachel-maddow-show/maddowblog/white-houses-navarro-picks-fight-cant-win-economic-credibility-rcna225229
That was, of course, utterly absurd. In fact, CNBCs Sara Eisen quickly reminded her guest, Many economists would say they are tax hikes because ultimately a consumer will pay for some of those increased prices. Navarro was incredulous.
NAVARRO: Are tariffs price hikes or tax cuts? I say they're tax cuts
— Aaron Rupar (@atrupar.com) 2025-08-14T15:32:41.871Z
EISEN: I mean, many economists would say they are tax hikes because ultimately a consumer will pay for some of those increased prices
NAVARRO: Most economists just don't agree with us. Who has credibility here?
...This appeared to be a rhetorical question, as if the answer were a foregone conclusion. But if Navarro is actually interested in knowing who has more credibility, theres a perfectly good answer thats readily available.....
As longtime readers might recall, in 2016, then-candidate Trump directed Jared Kushner to help bolster his views on China. The son-in-law went to Amazon.com, was impressed by the title of a book Navarro wrote, and cold-called him. Navarro joined Team Trump as an economic adviser soon after.
In the years that followed, Navarro became a strange political voice on the Republicans White House team. In early 2020, for reasons that went unexplained, Trump tapped Navarro to serve on the White House Coronavirus Taskforce, where he earned a reputation for picking strange fights in the Situation Room over hydroxychloroquine.....
Just as notable is the fake expert Navarro concocted named Ron Vara. Remember this 2019 report from The New York Times?
Ron Vara has appeared as a cryptic voice of economic wisdom more than a dozen times in five of Mr. Navarros 13 books. ... But Ron Vara, it turns out, does not exist. At least not in corporeal form. He is apparently a figment of Mr. Navarros imagination an anagram of Mr. Navarros surname that the trade adviser created as a Hitchcockian writing device and stuck with as something of an inside joke with himself.
Yes, the ex-con who repeatedly cited a fake expert asked a national television audience whether he and his colleagues have more credibility than the consensus views of mainstream economists. Navarro acted as if the answer were obvious.
Oddly, I think its obvious, too.