April 8, 2025
Patrick Foy wrote:
Late in his second term, Reagan gave a radio address about tariffs. It is worth listening to. Reagan was a reader, a thinker and did his own research. He wrote his own material. You might even call him an intellectual. He was able to think outside the box, like when he proposed an agreement with Gorbachev to do away with all nuclear weapons. I forget why that did not happen. Reagan was serious.
In any event, it looks to me like Trump’s bombshell proclamation on tariffs delivered last week was a head fake. The idea is to open negotiations to achieve what he calls a fair trade deal. Maybe he can do it. In the meantime, he seems obsessed with raising military spending sky high and continuing his carte blanche support of Bibi Netanyahoo and the slaughter in Gaza. It is madness.
