I voted for Trump knowing he was an economic moron, cautiously hoping his foreign policy would be marginally better outside of the Middle East (where I thought we’d get the Obama-Biden status quo, not the war even they
were smart enough to avoid).
In other words, I knew he'd be as bad as Biden (or Harris, prospectively) in terms of supporting the Israeli government's initiatives in the region at the expense of and contrary to the interests of U.S. citizens.
But now that he’s the worst president since George W. Bush on foreign policy and has reaped the results everyone
predicted for 25 years when the subject of war with Iran came up, his economic ignorance is making it even worse.
With no way to reopen the Strait of Hormuz, he’s tried to make the argument this is Europe’s problem because little oil that flows through it is imported to the U.S.
Now, let's be honest with ourselves here. He's saying this out of
desperation. If the U.S. military could open the strait unilaterally, it would. But somehow, even though experts from all sides of this argument have predicted for decades that closing the strait would be the first thing Iran would do if attacked, Trump has apparently launched this was without a plan for dealing with it.
But even if Trump were being sincere about this not being the U.S.'s problem because little oil
that is shipped through the strait ends up being imported into the U.S., his argument wouldn't hold water. He is once again demonstrating that being successful in business has nothing to do with undestanding basic economics.
And we're not talking 4-D chess economics. We're talking about the basics of supply and demand. I talk about why the strait closure will indeed cause American's signficant pain along with the rest of the world
on today's episode of Tom Mullen Talks Freedom.
Watch Episode 227 here...
Tom Mullen is the author of It’s the Fed, Stupid and Where Do Conservatives and Liberals Come From? And What Ever Happened
to Life, Liberty, and the Pursuit of Happiness?
Tom