Markey: Trump’s Tariffs Will Be ‘Obliteration Day,’ Could Have ‘Catastrophic Economic Consequences’

Breitbart ^ | 04/01/2025 | Pam Key

[ChicagoConservative27]

All I have to say is go beep yourself Markey. You have NOTHING to say. You are on first class stupid 24/7.

[for-q-clinton]

This is good news. When has the left ever been correct about economics.

[central_va]

The dreaded and evil tariffs only affect 14% ( imports ) of GDP so their “damage” can’t be that much.

[Jim W N]

What would Senator Ed Markey (D-MA) economic consequences for our country?

By definition, the Leftist Dem doctrine of more gov’t regardless of cost shows little to no economic knowledge or interest.

Go away Senator Markey.

[teeman8r]

in before the Oh Nos guys

[AZJeep]

We have survived the Biden admin. rules.
We will be OK with tariffs.

[escapefromboston]

Funny that Dems don’t mind all other kind of taxes but suddenly care about tariffs ruining the economy.

[I want the USA back]

The filthy bastards on the left are going to milk this tariff thing for all it’s worth. They will be blaming every 1 cent price increase on it. The same filthy bastards who completely ignored biden’s inflation.

[wildcard_redneck]

No, it just means that cars manufactured in America will be cheaper that foreign built cars. It will drive up manufacturing in this country just like it did for the first 150 years of The Republic.

[central_va]

[central_va]

The miracle of tariffs is it is a tax that even Democrats don’t like.

[Codeflier]

Another one of those pushing the lie that every country will win when we introduce tariffs - only we will be the losers! It’s magic!

[Tai_Chung]

Has a Federal Judge vetoed the tariffs yet?

[wildcard_redneck]

"in before the Oh Nos guys"

Happy to oblige!

[Vaduz]

Obliteration Day is when a democrat is elected or rigged in.

Senator Ed Markey (D-MA) cues looping of their OMG tune.

[pas]

$1 billion in higher oil prices for the state of Massachusetts. He is right about someone making something up.

[ProtectOurFreedom]

Trump has already attracted between $5 trillion and $10 trillion of foreign direct investment in the USA through the tariffs. Some "obliteration."

Markey and his Dem cronies can't see past the ends of their noses. Globalism hollowed out America's middle class. Fentanyl doped up the unemployed and made them zombies. Markey and the Dems just want to keep business-as-usual going forever. They all live in gorgeous, protected mansions in gated communities. Life is good for them. What do they care that their globalism obliterated our middle class? They don't give a sh!t about them.

Here are estimates of the jobs created by each $1 billion of investment. Generally, $1 billion investment typically creates 500 to 5,000 total jobs (direct and indirect), depending on industry, region, and investment type.

Trump has attracted 5,000 to 10,000 billions; that will
create between 3 million and 50 million new jobs in the USA!.

The scale of this boggles the mind.

The vile Democrats just don't get it.

• Manufacturing: Around 300–770 jobs per $1 billion, based on examples like $910 billion creating 700,000 jobs (770 jobs/$1B) or TSMC’s $65 billion for 20,000 jobs (307 jobs/$1B).
• Construction: Up to 10,000 jobs per $1 billion temporarily, e.g., Brightline West’s $3 billion for 35,000 jobs (11,000 jobs/$1B), though often short-term.
• Tech/AI: 40–1,000 jobs per $1 billion, e.g., Apple’s $500 billion for 20,000 jobs (40 jobs/$1B) or SoftBank’s $100 billion for 100,000 jobs (1,000 jobs/$1B).
• Infrastructure Estimates: Studies suggest 13,000–15,000 jobs per $1 billion short-term, including indirect effects.

[wildcard_redneck]

[central_va]

What’s your point?

[griswold3]

There has to be a correction. Sooner or later.
We did not have one after the Tech Bubble
We did not have one after the Housing Bubble
They papered over the damage. Maybe this time the American public will see who benefits from such catastrophes, those closest to the Wealth Pump.