Something is wrong when Democrats are getting excited about promoting abundance while the Republican president is telling parents they don’t really need to be buying so many toys for their kids.
“Maybe the children will have two dolls instead of 30 dolls, you know?,” said President Donald Trump during a Cabinet meeting this past week. “And maybe the two dolls will cost a couple of bucks more than they would normally.”
The president said this in the context of questions about the trade war he’s launched and the possibility of disrupted supply chains.
His statement echoes the statement from Treasury Secretary Scott Bessent two months ago that, “Access to cheap goods is not the essence of the American dream.”
This might all be easy for Trump and Bessent to say, they’re both wealthy, but it’s quite rich to hear two politicians tell the American people to do with less and expect to pay more for everyday things because the president of the United States wants them to pay more and suck it up.
As noted by Rich Lowry at National Review, “What Trump was ultimately dismissing is abundance, which is one of the marvels of our system. Fewer choices at a greater cost — whether of dolls or other goods — simply means a lower standard of living.”
Meanwhile, at the same time, some segments of the Democratic Party are getting excited about the notion of promoting “abundance,” as championed by liberal pundits Ezra Klein and Derek Thompson.
It’s an upside down world entirely of the president’s doing. He has chosen to impose and threaten to impose massive tax increases on American businesses and consumers for buying foreign foods. He has chosen to disregard past trade deals, including those he constructed, for vague ends.
Most Americans understand tariffs for what they are and it’s obviously at odds with the reason many Americans voted Republican after four years of Bidenomics.
They want low prices and a strong, stable economy. They don’t want high prices and an unstable economy.
It’s no surprise that his approval ratings have collapsed, with RealClearPolitics reporting an approval rate of 45% versus a disapproval rate of 52%.
What ordinary people want from Trump isn’t a world of artificial scarcity and higher prices. But Trump chose to squander his political capital, panic markets and inject uncertainty around the world for…this?
Let’s hope this situation turns around sooner than later.
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