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Yo_Mama_Been_Loggin

(136,373 posts)
Wed May 7, 2025, 03:03 PM May 2025

Treasury secretary refuses to answer easy question: Who pays tariffs?

Democratic Rep. Mark Pocan of Wisconsin delivered some thunder to a House Oversight Committee hearing Tuesday, pressing Treasury Secretary Scott Bessent over the true impact of President Donald Trump’s ill-conceived tariff policies.

“Who pays tariffs?” Pocan, a small business owner and union member, repeatedly asked Bessent as the secretary stammered.

Eventually, Pocan laid things out as plainly as possible: “People pay tariffs!”

He went on to describe the rising costs his own business is facing, not just from added costs on imports but also from companies exploiting the economic uncertainties Trump has created in the market.



https://www.dailykos.com/stories/2025/5/6/2320842/-Watch-treasury-secretary-s-pathetic-attempt-to-explain-Trump-s-tariffs

Does Bessent drink his lunch?
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Treasury secretary refuses to answer easy question: Who pays tariffs? (Original Post) Yo_Mama_Been_Loggin May 2025 OP
They cannot say their Dear Leader wears no clothes. surfered May 2025 #1
Bessent actually looks like he's crapping his pants he's so scared. NoMoreRepugs May 2025 #2
Trumpists know to duck these gotchas. maxsolomon May 2025 #3
Had to look up "crazy Ivan theory" in regard to economics. Bessent's a creepy servile ventriloquist dummy. Timeflyer May 2025 #4
I raised my hand. I know! I know! Mexico pays them. Krasnov said they would. Must be true. Wonder Why May 2025 #5

Timeflyer

(3,773 posts)
4. Had to look up "crazy Ivan theory" in regard to economics. Bessent's a creepy servile ventriloquist dummy.
Wed May 7, 2025, 05:45 PM
May 2025

The Story Behind the Crazy Ivan, I think.
First heard in the movie, "Hunt for Red October," the phrase “Crazy Ivan” refers to the practice of Russian submarine commanders to regularly make sudden turns—either to the right or to the left. Submarines appear to have a blind spot, so they don’t know if another submarine is following them closely or not. A strategic unexpected turn. It's dangerous, may result in a collision. So, let's screw around with the US economy, because tRump's likes saying the word "tariffs."



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