The specter of Ronald Reagan continues to loom large over Donald Trump's presidency, sending shivers down his spine like a ghostly apparition from the past. The sudden appearance of Reagan's image in a TV ad during the World Series game sparked Trump's ire, which led to an unprecedented 10% tariff on Canada. This bizarre reaction has left many scratching their heads, wondering what exactly is behind Trump's fear of Reagan.
According to reports, Trump was taken aback by the ad, claiming it was a "serious misrepresentation of the facts and hostile act." However, the ads in question were actually excerpts from President Reagan's 1987 radio talk on the dangers of trade wars. The fact that Trump's animosity towards Canada had reached such heights, prompting him to slap tariffs on the country, has raised eyebrows about his credibility.
Trump's unease with Reagan's ghost is not just a product of his imagination; it reflects a deeper concern about how the Supreme Court might rule in his favor or against him. His appeal of the International Emergency Economic Powers Act (IEEPA) and subsequent attempts to undermine the authority of Congress have been met with skepticism from the courts.
In recent weeks, Trump has faced mounting criticism for his economic policies, which have resulted in record-high tariffs, crippling small businesses and harming consumers. The Yale Budget Lab reports that the average effective tariff rate stands at 17.9%, the highest since 1934, while the Organization of Economic Co-operation and Development warns that Trump's tariffs could cut US GDP growth by nearly half.
Trump's antics have become increasingly erratic, with many pundits labeling him a "pantomime strongman" on the world stage. His affinity for the Republican protectionism of the 1930s has led to comparisons with the Great Depression, which deepened under President Herbert Hoover's policies.
Meanwhile, rumors are swirling about potential insider trading by Cantor Fitzgerald, a Wall Street firm that stands to gain from Trump's tariff refunds if he loses his case. The company's CEO, Brandon Lutnick, is reportedly in talks with investors to buy the rights to claim refunds in exchange for cash upfront.
As the Supreme Court gears up to hear Trump's tariff case on November 5th, one thing is clear: the outcome will be a defining moment in his presidency, and Reagan's ghostly presence continues to cast a long shadow over his policies.
According to reports, Trump was taken aback by the ad, claiming it was a "serious misrepresentation of the facts and hostile act." However, the ads in question were actually excerpts from President Reagan's 1987 radio talk on the dangers of trade wars. The fact that Trump's animosity towards Canada had reached such heights, prompting him to slap tariffs on the country, has raised eyebrows about his credibility.
Trump's unease with Reagan's ghost is not just a product of his imagination; it reflects a deeper concern about how the Supreme Court might rule in his favor or against him. His appeal of the International Emergency Economic Powers Act (IEEPA) and subsequent attempts to undermine the authority of Congress have been met with skepticism from the courts.
In recent weeks, Trump has faced mounting criticism for his economic policies, which have resulted in record-high tariffs, crippling small businesses and harming consumers. The Yale Budget Lab reports that the average effective tariff rate stands at 17.9%, the highest since 1934, while the Organization of Economic Co-operation and Development warns that Trump's tariffs could cut US GDP growth by nearly half.
Trump's antics have become increasingly erratic, with many pundits labeling him a "pantomime strongman" on the world stage. His affinity for the Republican protectionism of the 1930s has led to comparisons with the Great Depression, which deepened under President Herbert Hoover's policies.
Meanwhile, rumors are swirling about potential insider trading by Cantor Fitzgerald, a Wall Street firm that stands to gain from Trump's tariff refunds if he loses his case. The company's CEO, Brandon Lutnick, is reportedly in talks with investors to buy the rights to claim refunds in exchange for cash upfront.
As the Supreme Court gears up to hear Trump's tariff case on November 5th, one thing is clear: the outcome will be a defining moment in his presidency, and Reagan's ghostly presence continues to cast a long shadow over his policies.