Subj : Re: I watched the 'talk'
To   : ROB MCCART
From : Mike Powell
Date : Wed Mar 12 2025 07:42:00

> MP>If Trump were smart, he'd make an exception for oil "imported" into the US
>   >just to be turned into gasoline to be "exported" back to you all.

> I think that was one of the things that showed Trump is in it just for
> the money he can make. Tariffs on oil which mostly goes to make gas
> and such for your country has no benefit other than costing you all
> more money, which is all going to your government.

So far (knock-on-wood), gas prices have not gone up in this area yet.  I am
a little surprised that speculation hasn't at least caused them to jump.

> Time will tell. I think everything he plans will be scaled down as
> people and huge corporations realize how much it is going to cost
> them when few of them will get any benefit from it. Theoretically
> some new jobs will be created but I'm not sure there will be nearly
> as many jobs created as are lost due to the tariffs. The only winner
> will be the government raking in the tariffs..

What I suspect also.

> They have already said that tariff money here will be used to
> support people who the tariffs hurt, like grants to companies
> trying to stay afloat and subsidizing pay for people who would
> have been laid off so the company can keep on all the workers
> working fewer hours but still paid close to their full time
> salaries and retaining their company benefits.

> I don't think you'll hear Trump offer that. He may say something
> about cutting taxes, but most of those cuts will likely benefit
> the rich more than the poor.

Yes, those don't sound like things that Trump would offer, either.

Mike

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