A Liberal Dose
“Are You Tired of
Winning Yet?”
Troy D. Smith
In some ways, it has been a typical news week. Donald Trump
flouted tradition by refusing to participate in the ceremonial receiving of the
bodies of four U.S. servicemen killed in a training exercise in Lithuania, so
he could make an appearance at a Saudi-funded golf tournament at one of his
clubs. While that would be extraordinary behavior from any other U.S.
president, it is nothing unusual for Trump. It has been repeatedly established
over the past decade that he fawns over the Saudis, never shows anything but
contempt for U.S. military personnel killed or injured in the line of duty, and
has spent tens of millions of taxpayer dollars playing golf the past two
months. Plus, everyone at this tournament is spending their money (and lots of
it) at his club.
On the other hand, there’s this tariff situation. He has
been saying he was going to do it, and there was no reason to doubt his word…
but a lot of people around the world told themselves he was only bluffing, or
kidding. Some of his most fervent supporters at home, who believe despite all
evidence to the contrary that he is some kind of strategic genius, believe it
is all part of some master plan. I actually heard a friend of mine say (and this
wasn’t the first one) that “the rest of the world is playing checkers, and
Trump is playing chess.” I responded that no, actually, he is playing chutes
and ladders and is eating the pieces.
Here’s the deal. Trump, who apparently only heard the word
“groceries” for the first time a couple of months ago, seems to have no idea
what tariffs are or how they work. He seems to think he will be able to finance
his trillion-dollar tax cut for billionaires -not just by turning Elon Musk
loose to fire most federal workers and cut virtually every federal program, but
by somehow using tariffs to make foreign countries give us huge amounts of
money. That’s not how it works. For one thing, if it becomes less lucrative for
foreign countries to sell us their goods, they will simply sell them to
somebody else -and, in retaliation, make it harder for us to sell OUR goods.
And those tariffs will actually have to be covered by the (American) businesses
who were buying the foreign goods in the first place -and they will just pass
those added costs along to the consumer by jacking up the price of their goods
when they resell them here. Meanwhile, the U.S. industrial infrastructure is
not yet in place to start making all that stuff again ourselves, not for years…
and even if we could, the parts we’d have to use come from other countries.
This means that prices are going to go through the roof, and
inflation will go crazy.
Meanwhile, in reaction to the turmoil and chaos of Trump’s
tariffs -including those on islands inhabited only by penguins -the stock
market has plummeted. In only two days, the market lost six trillion dollars
and things are showing no signs of improvement, Trump has gone from promising
to lower prices “on day one” to warning his followers that they need to buck up
and take the pain… and some of them are parroting those words, and saying
presidents have no control over prices. They are usually the same folks who
swore at Joe Biden because egg prices were up.
I have seen a couple of my conservative friends on social media
practically guffawing at the concern many people are showing over these
economic realities. They think it’s hilarious that the “libs” are freaking out,
and that Trump is “owning” them. I know these folks probably have 401Ks... I
wonder if they know that, if they do, their retirement is tied to the stock
market? I know one person whose 401K has lost the value of the past three
years’ worth of contributions.
Inflation is going to keep going up. Unemployment is going
to go up. Tax refunds are going to be late, if they show up at all, and your
nana’s Medicare and social security are going to be cut. The stock market is
going to keep going crazy, because -even if Trump canceled his tariffs tomorrow
-business owners and investors have no idea what crazy thing he might do next.
But it’s okay, because the libs are triggered.
Are you tired of winning yet? Because you’re about to be.
--Troy D.
Smith, a White County native, is a novelist and a history professor at
Tennessee Tech and serves on the executive committee of the Tennessee
Democratic Party. His words do not necessarily represent TTU.
Buy the book A Liberal Dose: Communiques from the Holler by Troy D. Smith HERE
You can find all previous entries in this weekly column HERE
A list of other historical essays that have appeared on this blog can be found HERE
Author's website: www.troyduanesmith.com
The author's historical lectures on youtube can be found HERE
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