Economic conservatives Howard Lutnick and Scott Bessent are gleefully hitching American's wagon to the express train of ruin. Look no further than the latest tariff debacle around China’s rare earth. They’re playing how to wreck the economy in one easy step with the American people serving cow catcher.
China a shrewd global player, has tightened export controls on rare earth elements and related technologies minerals absolutely essential to everything from electric vehicle motors to semiconductors and defense systems. Conservatives, upon learning this, reacted not with calm reflection or a strategic long game, but with: “Let’s insta-tariff 100% on Chinese imports!”
The stock market responded like you’d expect: plunging.
Then the Trump administration spokespeople tried damage control by reversing the tariffs. This just makes us look stupid and weak. But the damage is done. Tariffs are destabilizing markets, inflating costs, and signaling to global investors that the U.S. may no longer be a reliable partner in trade.
Can we stop pretending this is about “defending American industries” or “correcting trade imbalances” and say this is about Trump trying to use America as his personal piggy bank. Like bro, you have had multiple bankruptcies why are we trusting you with our hard-earned cash?
Conservatives like to believe they cautious, fiscally prudent guardians. But here we are, watching them orchestrate trade meltdowns, destabilize investment, and wreck supply chains.
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