I read a headline out to the my wife.
Why the American consumer is fed up
“That’s CNN,” I add for her. “I know why I’m fed up but I want to see if CNN knows why I’m fed up.”
This is an Analysis by Harry Enten. I don’t recall the name. Doesn’t mean much for me. I may have read Harry Enten’s work before but didn’t realize it. I’m often ignorant in that way.
Harry Enten began, ‘Americans just feel like they can’t catch a financial break. You know the feeling. You go to the grocery store, you look at the prices and you want to channel your inner Vince Lombardi: “What the (heck) is going on out here?”’
I read that to my wife and subject her to my opinion. “He’s a little wrong on that. I know what the heck is going on. It’s inflation, protecting profits, supply and demand, tariffs, among other things.” Yes, I’m in a quarrelsome mood. That often takes place as I read the news in 2025.
The analysis continues.
“Worst of all, it feels like it’s only going to get worse. There’s a very good reason for that: Americans may, in a way, get taxed more when they go to buy things – more than they have for a long period of time.
“No matter what some people will tell you, tariffs are, in fact, taxes. When you combine the potential tariff rates that the Trump administration could impose on us, the consumer, with the inflation that raged out of control coming out of the pandemic, it feels like things have gotten away from us.”
That earns an eye roll from me. “Yes, no kidding.”
“Take a look at a recent report from the nonpartisan Tax Foundation. It estimates that under President Donald Trump’s proposed tariffs, the effective tariff rate will be 8% in 2025. That’s so high that it would go off the page if you were charting tariff rates over the last 55 years.”
“Yes, but those are facts and history. Trump deals in prejudices and myths,” I tell my suffering wife.
She relates a story abut Wall Street. “This says that men working on Wall Street are happy with life under Trump because they’re free to sexualize women again.”
I grunt dismay and keep reading the CNN analysis. Prices are going to go up. Yes, no kidding. I read aloud, “Keep in mind that an estimated 25% to 30% of Americans live paycheck-to-paycheck.” Right, I know.
Of course, what I’m doing is validating my opinions. Experts tell us that’s one reason why politics are so divisive these days. While I’m reading this, people reading Red State read nothing about prices and tariffs. They’re busy writing up Trump’s glory, how great his cabinet is doing, and demonizing Democrats. Their targets these days are Fetterman, Pelosi, and Walz.
I finish the CNN article and resume my doomscrolling. Arctic ice has shrunk to a springtime record low but don’t you dare talk about climate change. Non-U.S. citizen Elon Reeve Musk is trying to buy votes in Wisconsin. Ohio is further narrowing what can be discussed in classrooms. Looks like it’s gonna be another quarrelsome day.
More coffee, please.