Tariffs are off, on, off and on again......

 

May 29, 2025 (129/1461)

I hope TOM put on his combat suit today because the hits are coming fast and hard. A federal court blocked TOM on the use of the tariffs under an emergency powers act. And Musky officially called it quits with TOM and Co. More on all of those in a bit. But here’s my “hmmm that’s interesting” thing for today. SO! I finally see why TOM has such a big push to get “criminal” immigrants out of our country. He wants room for our own home grown criminals to run loose. So far, let’s see we have the Chrisley’s who stole $30 million in loans from Atlanta banks; former CT Gov Rowland who concealed his involvement in two federal election campaigns; Rapper NBA YoungBoy who was in for gun possession while on parole (for running a prescription drug fraud ring); gang leader Larry Hoover was let out of supermax (don’t you feel safe now?); and Michale Grimm, NYRep who resigned once convicted of tax fraud. Quite the stellar bunch of American citizens. All now free to roam the streets. Since pardons aren’t usually done until the end of a term, you could see how TOM had to make for “our” criminals on the streets and had to get rid of “illegal” criminals. (That’s redundant, huh?).

OK! Musky. We all knew it was going to end. There just isn’t that much room in the country for those two egos. And we all pretty much knew Musky would be over it before TOM got around to kicking him to the curb. Also, that little $288 mil that Elon put into TOM’s coffers…I’m not sure who was the dog or the tail but there are so many cross-over conflicts of interest, it looks like a Jacob’s Ladder string game. “His departure, announced Wednesday evening, marks the end of a turbulent chapter that included thousands of layoffs, the evisceration of government agencies and reams of litigation. Despite the upheaval, the billionaire entrepreneur struggled in the unfamiliar environment of Washington, and he accomplished far less than he hoped.”  Not quite like going into a company with a chainsaw and ripping it apart, is it Elon? Companies don’t have checks and balances. Companies don’t have guardrails set in place by the Constitution. I don’t disagree with the premise behind reducing excessive, redundant spending, but the tactics leave much to be desired.

The tariff halt has been a nice push for the stock market. So I’ll give a shout out thank you for that. “A federal appeals court on Thursday allowed President Donald Trump to continue collecting tariffs under an emergency powers law, for now, as his administration appeals an order striking down the bulk of his signature set of economic policies.

Earlier today, a federal judge blocked Trump’s use of the law to impose tariffs. The ruling was handed down the day after a similar, broader finding from a three-judge panel on the U.S. Court of International Trade.” But an appeals court then turned around and allowed to TOM to keep the tariffs under the emergency powers act. Whew. Head spinning to say the least.