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Steve Rogers's avatar

John: In a Gallup Poll released a couple of weeks ago, the Democratic Party showed its lowest approval rating (33%) in the 33-year history of that poll question. In addition, leading Democrats of this generation, including a couple that ran for president, left the party and have declared as independents: Tulsi Gabbard and RFK Jr (both now in the Trump Administration), Joe Manchin, and Kyrsten Sinema to name the most prominent ones. As a Republican, I still believe that the country is better when strong candidates of both parties are in charge of policy. While there is no doubt the energy and influence of the GOP wears a MAGA hat, the same qualities on the other side wear a strident socialist label. What is your prediction of where this is all going?

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Scott Harold Kidwell's avatar

John, you are correct that most people don't have even a rudimentary understanding of trade balance and tariffs. They hear "deficit" and assume it's bad. The hear tariffs and have no idea they are taxes. Trade surpluses and deficits are neither inherently good or bad, generally. There are pros and cons, surface and hidden impacts, to both sides of that coin.

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