Panicans
- Rick Bonetti
- Apr 16, 2025
- 1 min read
Updated: Feb 5
On April 7, 2025 the President posted on Truth Social: "Don't be a PANICAN (a new party based on Weak and Stupid people.)" The name is a dig at those inciting panic about the possible effects of his tariffs on the economy.
CNN’s Fareed Zakaria, host of “Fareed Zakaria GPS,” shares his take on developments surrounding the President’s tariff policies, and why he thinks it’s “getting dirtier fast.” Fareed’s Take: "Trump’s tariffs will bring about an orgy of corruption."
On Sunday, April 13, 2025, Zakaria interviewed Oren Cass and Larry Summers on GPS about A tariff debate. Cass is the founder of the conservative think tank American Compass, whose advisors are Robert Lighthizer (Former U.S. Trade Representative); Jeff Sessions (Former U.S. Attorney General), Elbridge Colby (The Marathon Initiative); and Michael Pettis (Carnegie Endowment.)
Both Cass and Summers agreed on the crude, ineffective way the President's tariff policy has been rolled out and that it does not benefit the middle class. Summers was quick to agree with Zakaria that the President's negotiation approach is "rent seeking", which ushers in cronie capitalism.
This is the worst self-inflicted wound since the era of WWII.
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