Well folks, after years and years of waiting, it’s finally happening. The long experiment with attempting perpetual can-kicking has finally reached the end of the road.
Everybody who was paying any attention at all, and could perform basic math, knew that the US could not continue on its profligate path forever. The practice of spending beyond our means was not a forever deal. How could it be?
So the Trump administration has set about with an ambitious plan to reset the American economy both internally and externally. I’m going to discuss the likelihood of success here today. But first we have to cover some ground to set the stage.
I would like to encourage you to listen to this entire interview between Tucker Carlson and Scott Bessent because Secretary Bessent lays out the entire plan. If you haven’t got an hour, please listen to the first five minutes because the bones of the plan are arranged and easy to grasp.
Treasury Secretary Scott Bessent explains the administration’s new tariffs, and why we had to do something to stop the slide.(0:00) Trump’s Tariff Plan(5:42) The Current State of the Stock Market(8:22) Will Americans See Substantial Tax Cuts Because of Tariffs?(13:16) How… pic.twitter.com/ejO9XppT8s
— Tucker Carlson (@TuckerCarlson) April 4, 2025
Essentially, he says that American workers were screwed over by prior administration executing trade deals that eviscerated good paying, middle-class jobs – leading to something called The China Shock – and led to a grossly unbalanced global trade distribution. Worse, the US economy became ‘financialized’ and it had stopped making things.
Quality of life and life expectancy and hope for the future have all declined as a result. This is what they are seeking to fix. Now, that’s a massive change in business and trade strategy and that’s either going to succeed or it’s going to fail……
by barbarah 
