All posts tagged "Ronald Reagan"

Ronald Reagan's budget director over the weekend for roasting a billionaire's defense of Donald Trump's economic plans.

It started with a post by billionaire Bill Ackman, who said, "I think President Trump's goal of reducing credit card interest rates is a worthy and important one."

"My concern about capping rates at 10% is that doing so will inevitably cause millions of Americans to have their cards cancelled as credit card companies lose the ability to adequately price subprime credit risk," he added. "Consumers denied credit cards will be forced to turn to loan sharks whose rates and terms will be vastly worse for borrowers."...

An analyst has a theory about President Donald Trump's major worry — and asking "what are the chances that MAGA will outlive Trump?"

Trump is afraid the Supreme Court will take action to remove his retaliatory tariffs and challenge his economic moves, Salon columnist Heather Digby Parton writes Thursday.

"Besides the recent concerns he expressed about the state of his soul, he fears the Supreme Court will strip him of his tariff privileges," Digby Parton writes. "We know this because he had a temper tantrum upon hearing that Ontario had produced a television advertisement featuring President Ronald Reagan criticizing tariffs — a response that was revealing, both about his mindset and strategy, and about how MAGA has turned away from Reagan’s once-mythic legacy."...

A Canadian official Monday brutally trolled President Donald Trump after he put out an ad that aired during the World Series and led Trump to call off trade talks with its North American neighbor and impose new tariffs.

Ontario Premier Doug Ford called it "the best ad I ever ran," Newsweek reports.

The ad featured a clip from former President Ronald Reagan giving a critical take on how tariffs can backfire in foreign trade. An irate Trump threatened to retaliate with a 10% rise in tariffs, which was paused after airing. ...

President Donald Trump announced he was cutting off trade negotiations with Canada over an ad featuring Ronald Reagan making critical remarks about tariffs decades ago, and he was smacked with criticism and fact-checking on social media.

The U.S. president made his announcement late Thursday on Truth Social after the Reagan Foundation said it was "reviewing legal options" over an ad issued this week by Ontario's provisional government showing video from a 1987 speech by the late president, which the foundation claimed was selectively edited and misleading and Trump declared "fake."

"They only did this to interfere with the decision of the U.S. Supreme Court, and other courts," Trump posted. "TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED."...

State Department spokeswoman Tammy Bruce explained Tuesday that the United States has withdrawn from the United Nations Educational, Scientific and Cultural Organization, or UNESCO, because it's not "aligned with" President Donald Trump's "America first" values.

By definition, UNESCO "promotes cooperation in education, science, culture and communication to foster peace worldwide," not strictly to meet American objectives.

Nonetheless, Bruce explained that the decision came as the result of an "executive order that the president issued...to have a review of the international organizations that we're involved in to make sure, just like with foreign aid -- are these organizations aligned with the values of the America First framework?" ...

CNN's Boris Sanchez called out Rep. Mark Alford (R-MO) for "chuckling" when asked about the Qatari airplane controversy surrounding President Donald Trump, as if it were all much ado about nothing.

"I'd love to get you on the record regarding this planned gift from the Qatari government to the president," Sanchez began. "This luxury jet, worth hundreds of millions of dollars — you laugh — I do wonder whether you think this is — "

"I'm not laughing," Alford interrupted. ...