Showing posts with label Donald Trump. Show all posts
Showing posts with label Donald Trump. Show all posts

Tuesday, May 27, 2025

Donald Trump's ramblings at West Point.

It was an hour long. 

Well, I want to thank you very much. This is a beautiful place. I've been here many times going to high school, not so far away. Good, a good place. Also, a military academy. Not quite of this distinction, but it was a lot of fun for me. And I just wanna say hello cadets and on behalf of our entire nation, let me begin by saying congratulations to the West Point class of 2025, you are winners, every single one of you.

Thank you. And now we want you to relax and I'm supposed to say, "At ease." But you're already at ease. You're at ease because you've made a great choice in what you're doing. Your choices in life has been really amazing. So this is a celebration and let's have a little fun. I want to thank your highly respected superintendent, General Stephen Glenn, and he is really, uh, something, I got to know him backstage with his beautiful family and his reputation -- His wife is just incredible, his reputation is unbelievable.

And thank you very much. And your daughter is a winner also. Just like everybody out there, real winner. Thank you. Thank you. I also want to thank your [Inaudible] General RJ Garcia, Secretary of the Army, Dan Driscoll, Army Chief of Staff, General Randy George, Senator Ashley Moody, Representatives Steve Womack, Bill Huizenga, Pat Ryan, Mark Green, Keith Self.

Acting US attorney, Alina Habba. And very much, uh, just all of the friends. We have a lot of friends in the audience today. And I just want to thank 'em all for being here. We have a tremendous amount of my friends. They wanted to come up and they wanted to watch this ceremony and they wanted to watch you much more so than me. So I just want to thank so many people are here.

Over the past four years, an extraordinary group of professors, teachers, coaches, leaders, and warriors have transformed this class of cadets into an exceptional group of scholars and soldiers. And so let's give the entire group, the entire West Point faculty, the staff, for their incredible love of you and outstanding devotion to the core.

Let's give them a little hand. And importantly, we can't forget all of those people beaming with pride, look at them in the audience, oh, they're so proud. They're in the stands. So thank your parents, your grandparents and family members who made this all possible for you. Thank you. And I think they must have done something right based on what I'm looking at. America loves our military moms and dads.

Nearly one-third of the cadets graduating today are themselves the children of veterans. So to everyone with us this morning who served America in uniform, no matter your age, please stand so we can salute your service, we'd like to see who you are. Congratulations. Great job. Every cadet on the field before me should savor this morning. 'cause this is a day that you will never, ever forget.

In a few moments, you'll become graduates of the most elite and storied military academy in human history. And you'll become officers in the greatest and most powerful army the world has ever known. And I know because I rebuilt that army and I rebuilt the military. And we rebuilt it like nobody has ever rebuilt it before in my first term.

Your experience here at West Point has been anything but easy. -- came for duty. You came to serve your country and you came to show yourselves, your family, and the world that you are among the smartest, toughest, strongest, most lethal warriors ever to walk on this planet. Looking out at all of you today, I can proudly say, mission accomplished.

Great job. But now you have to go on. You have to forget that 'cause now you have another. It's a sad thing, isn't it? You know, you can't rest on your laurels no matter what. You just have to keep going. You take it, you take a little day off and you go on to the rest. 'cause you have to have victory, after victory, after victory.

And that's what you're gonna have as you receive your commissions as second lieutenants, each of you continues down the same hallowed path, walked by Titans and legends of US, military law. Giants like Ulysses S. Grant, John Black Jack Pershing, Dwight David Eisenhower, the one and only Douglas MacArthur, old blood and guts, George Patton and Stormin' Norman Schwarzkopf, all great.

So many more. They and countless other patriots before you have walked out of these halls and straight into history. And today, you officially join those immortal heroes in proud ranks of the long gray line. You know that term. So beautiful. The long gray line. Among the 1,000 cadets graduating today, 26 of you wear the prestigious Star Wreath, signifying the highest level of academic achievement.

Please stand up. 26. Let's see if somebody stands who shouldn't be standing. Congratulations. That's a big honor. This class includes an incredible four Rhodes Scholars. Stand up, please. Four. Wow. That's tied for the most of any West Point class since 1959. That's great. Four. Congratulations. Boy, oh boy, oh boy.

I wanna bring them right to the Oval Office. I don't wanna have them go too far away from me. Eight cadets here today took on the challenge of designing their own hypersonic rocket. Oh, we can use you. We're building them right now. You know, we, uh, we had ours stolen. We had -- We are the designer of it. We had it stolen during the Obama administration.

They stole it. You know who stole it? The Russians stole it. Something bad happened. But we're now -- We're the designer of it and we're now building them and lots of them. And earlier this year, they launched it into space, setting a world record for amateur rocketry. Can't get you in there fast enough.

This class excelled not only mentally but also physically last January when more than 1,000 cadets volunteered for an 18-and-a-half mile march on a freezing winter night. Cadet Chris Verdugo completed the task in 2 hours and 30 minutes flat, smashing the international record for the competition by 13 minutes.

Where is he? Where is he? Come up here. Come up here, Chris. Get up here, Chris. Wow. Come here. That's -- By 13 minutes. Come here, Chris. I wanna see this guy. Say something. Come here. Come here.

[Laughs] It's been a long five years, but I couldn't have done it without any of these guys. Love you guys all. Thank you. Thank you.

Wow. That's great. Keep it going, Chris. That really is the definition of Army strong, isn't it? International. International. This class includes 513 graduates who completed Air Assault School, 70 who completed Airborne School, eight who made it through the ultra-elite Army Diver School, among the most difficult and grueling programs anywhere on Earth.

That includes the first two women in West Point history to complete Diver School; cadets Megan Cooper and Clara Sebu. Where are you? Stand up. Where are they? Wow. Great job. That is not easy. Congratulations, Megan, Clara. That's a job well done. Fantastic. Thank you very much. Some of you achieved a different kind of distinction here at the academy, including seven century men who completed 100 hours of marching for disciplinary -- oh, no, infractions.

No. Don't tell me I'm doing this. Oh, I'm so sorry. Would you like to stand up? (laughs) I don't know. I think I saw Chris standing up. Chris, what, what's going on here? Well, you had one good, one not so good. Right, Chris? Can't believe Chris is standing up. But we want everyone to leave here today, Chris, so you're gonna be okay because I'm gonna do something with a clean slate.

So in keeping with tradition, I hereby pardon all cadets on restriction for minor conduct offenses effective immediately. So you're all okay. You're all okay. The class of 2025 is a lot to be proud of, including your first-rate athletes and athletics. You are something. I've been watching too. I watch. I love the sports stuff.

What you've done is pretty amazing. Last year, for the first time ever, army lacrosse became the number one ranked men's lacrosse team in the entire country. Look at that. Those of you on the team, stand. That's a big honor. Stand. Great. That's a tough sport too. That's number one in the country. Your sophomore year, Army football beat Navy 20-17. And the you did it again, beating Navy 17 to 11 and dominating Air Force 23 to three.

But, this year, the Black Knights fought your way into the top 20 nationally and racked up your longest winning streak since 1949 with the help of graduating quarterback Cadet Bryson Daily or, as you call him, Captain America. Captain America. Stand up, Bryson. Where is Bryson? We gotta get him up here, right?

Come on, Bryson. Come on up. Man, oh, man, I heard -- I heard he's, uh -- well, I came to a game, and he was -- I said, "Yeah, he can get into the NFL, can't he?" But he chose this life and, you know what, I think he made a good choice. Come on up here, Bryson. Come on up. Wow.

All right. Go, Army football. Shout out to Hogs, H4. Um, can't wait to graduate. Love you, guys. Thank you. It's nice to meet you, sir.

If there anything we can do, just let me know. Okay? It's a great honor.

What a great guy. Well, I just tapped his shoulders like I hit a piece of steel. The guy's in good shape. There's a reason, you know, there's always a reason for success. Thank you, Bryson. At a time when other top college quarterbacks were thinking about going pro, Bryson's mind was on something else. As he told an interviewer earlier this year, "I'm focused on my career as an infantry officer." That's what he wants to do. So, Bryson, you did the right thing, and that's service at its finest.

Thanks, Bryson. That's amazing. He's an amazing guy with an amazing team. Each of you on the field today is among the most talented members of your generation. You could have done anything you wanted. You could have gone anywhere. You could have gone to any school. This is one of the hardest schools to get into.

And writing your own ticket to top jobs on Wall Street or Silicon Valley wouldn't be bad, but I think what you're doing is better. Instead of sports teams and spreadsheets and software, you chose a life of service, very important service, instead of stock options. And I do that stuff. It's sort of boring, honestly.

Compared to what you're doing, it's real boring. You chose honor and you chose sacrifice. And, instead of business suits and dress shoes, you chose muddy boots and fatigues, keeping yourself in shape, because West Point cadets don't just have the brightest minds, you also have the bravest hearts and the noblest souls.

You're amazing people. I could not be more proud to serve you as your commander-in-chief. And our country is doing well. We've turned it around. Very quickly, we've turned it around. I just got back from the Middle East, and I was at, as you know, Saudi Arabia, Qatar, UAE. And, I will tell you, they said, all three leaders, great leaders of those three nations, they all said the same thing.

The United States of America is hotter now than we've ever seen it and, a year ago, it was as cold as it gets. And it's true. It's true. We have the hottest country in the world, and the whole world is talking about it. And that's an honor for all of us. I cannot wait to see the glory that is still ahead.

However, for the West Point Class of 2025, and we're gonna help you a lot because we're gonna give you a nation as good or better than it ever was. That's what I promise you. All the victories that you've had together on these grounds will soon pale in comparison to the momentous deeds that you'll perform on the mission you're accepting today and as, uh, future leader of America's Army.

And we have that Army geared up. We have ordered, you know, we just want $1 trillion military budget, general. Do you know that? 1 trillion? Some people say, "Could you cut it back?" I said, "I'm not cutting 10 cents." There's another thing we can cut. We can cut plenty of others, right, Dan? We can cut plenty of other things.

And you have a good man in Dan, too, general. I think you're gonna find that it's a very different, uh, warfare out there today. Now, they've introduced a thing called drone. A drone is a little bit different. It makes -- You have to go back and learn a whole new form of warfare, and you're gonna do it better than anybody else.

There won't be anybody close. Generation after generation, the men and women of the Army have done whatever it takes to defend our flag, pouring out their blood onto the fields of battle all over the world. And, all over the world, you're respected like nobody is respected. Our soldiers have sprinted through storms of bullets, clouds of shrapnel, slogged through miles of dirt and oceans of sand, scaled towering cliffs of jagged rock.

And, time and time again, the American soldier is charged into the fires of hell and sent the devil racing in full retreat. No task has ever been too tough for America's Army. And now that 250-year legacy of glory and triumph belongs to you, the 1,000 newest officers of the greatest fighting force in the history of the world.

And that's what you are, and that's what you're being thought of. Again, you are the first West Point graduates of the Golden Age of America. This is the golden age, I tell you. Promise. We're in a new age. This is the Golden Age, and you are the going to lead the Army to summits of greatness that has never reached before.

And you see that. And you see what's happening. You see what's going on in the world. Each of you is entering the Officer Corps at a defining moment in the Army's history. For at least two decades, political leaders from both parties have dragged our military into missions, it was never meant to be. It wasn't meant to be. People would say, "Why are we doing this?

Why are we wasting our time, money, and souls," in some case. They said to our warriors on nation-building crusades to nations that wanted nothing to do with us, led by leaders that didn't have a clue in distant lands, while abusing our soldiers with absurd ideological experiments here and at home. All of that's ended.

You know that. All of it's ended. It's ended, strongly ended. They're not even allowed to think about it anymore. They subjected the Armed Forces to all manner of social projects and political causes while leaving our borders undefended and depleting our arsenals to fight other countries' wars. We fought for other countries' borders, but we didn't fight for our own border.

But now we do, like we have never fought before, by the way. But under the Trump administration, those days are over. We're getting rid of the distractions and we're focusing our military on its core mission, crushing America's adversaries, killing America's enemies, and defending our great American flag like it has never been defended before.

The job of the US Armed Forces is not to host drag shows, to transform foreign cultures, but to spread democracy to everybody around the world at the point of a gun. The military's job is to dominate any foe and annihilate any threat to America, anywhere, anytime, in any place. A big part of that job is to be respected again.

And you are, as of right now, respected more than any army anywhere in the world. And that's happening. And I can tell you, you are respected like nobody can believe. As president, I am laser-focused on our core national interests. My preference will always be to make peace and to seek partnership, even with countries where our differences may be profound.

As you know, we're working on a lot of things right now. When I left office four years ago, we had no wars, we had no problems, we had nothing but success. We had the most incredible economy, the greatest, single greatest economy for a president in history. I think we're gonna beat it this time by a lot, if you want to know the truth.

Donald Trump 00:22:09-00:22:33 (24 sec)

No Signal (0.483)

But we had something going on very special. But if the United States or its allies are ever threatened or attacked, the Army will obliterate our opponents with overwhelming strength and devastating force. That's why my administration has begun a colossal buildup of the United States Armed Forces, a buildup like we've never had before.

Peace through strength. You know the term, I've used it a lot. Because as much as you wanna fight, I'd rather do it without having to fight. I just wanna look at them and have them fold. And that's happening. That's happening. And I've approved a one-trillion-dollar investment. And that will be, again, the largest ever in the history of our country.

And we are buying you new airplanes, brand-new, beautiful planes, redesigned planes, brand-new planes, totally stealth planes. I hope they're stealth. I don't know, that whole stealth thing, I'm sorta wondering. You mean if we shape a wing this way, they don't see it, but the other way they see it? I'm not so sure.

But that's what they tell me. We have the best tanks anywhere in the world. We're gonna start shipbuilding again. We're gonna start ship. We used to build a ship a day. Now we don't build them anymore. We had a lot of people that didn't know much about getting things built. But that's all I've done in my life, is build.

We're gonna have the best missiles, we already do, drones and much, much more. And earlier this week, I think you'll like this, I announced that we are officially building all in America, made in America, designed in America. We're the only ones that could do it, because we're the only ones that, with the great technology, we're building the Golden Dome Missile Defense Shield to protect our homeland and to protect West Point from attack.

And it will be completed before I leave office. And you know, you wouldn't think this, but our enemies are very unhappy about it. You've been hearing, you've been reading, "Why are they doing that? Why?" Well, we're doing it because we wanna be around for a long time. That's why we're doing it. We're also restoring the fundamental principle that a central purpose of our military is to protect our own borders from invasion.

Our country was invaded for the last four years, and they've allowed people to come into our country that shouldn't be, that shouldn't be here. Criminals walk in, no vetting, no check-in, no nothing. Where are they coming from? And they were taking people outta prisons. They were taking gang members. They were taking the mentally insane and allowing them to come in. And we're getting them out of our country.

We have no choice. We're getting them out and bringing them back where they came from.

Have no choice. And it's not easy. It's not easy. But hopefully the courts will allow us to continue. You know, we had the greatest election victory. This was, uh, November 5th was we won the popular vote by millions of votes. We won all seven swing states. We won everything. We won 2,750 districts against 505, 2,750 against 505. We had a great mandate and it gives us the right to do what we wanna do to make our country great again.

And that's what we're going to do. And on day one, I deployed our military to the southern border, and since that day we've reduced the number of illegal border crossings where there used to be hundreds of thousands of people coming into our country a day, we had nobody come in in the last week and a half.

We were at 99.999%, 99.999. Think of that. That was with the help of our military. We had one person come in. One. You know why? He got very sick, and we brought him through to have him brought to a hospital. One person. And for that, please don't hold me responsible, but that's okay. They did the right thing.

Gone are the days where defending every nation but our own was the primary thought. We are putting America first. We have to put America first. We have to rebuild and defend our nation. And very shortly you're going to see a nation better than it's ever been. And you see that with the trade. For years, we've been ripped off by every nation in the world on trade.

We've been ripped off at the NATO level. We've been ripped off like no country has ever been ripped off. But they don't rip us off anymore. They're not gonna rip us off anymore. And you're seeing it. You have to watch what we're doing on trade. I know it's not your primary thing, but it's quite important in all fairness.

But watch. You'll see what's going on. You've been reading about it over the last few days. We're making deals with other nations that were not even -- Nobody thought it would be even possible. And uh, the reason is very simple. They respect us again. They're respecting our country again. That's what you want.

And everything we do, we are bringing common sense back to America. It's all about common sense. We can say we're liberal, we're conservative. The new word is progressive. They don't like using the word liberal anymore. That's why I call them liberal. But, but, uh, whatever you are, you know, most importantly, you have to have common sense because most of it's -- General, most of it's about common sense when you get right down to it. And uh, we have a lotta people with a lotta, lotta very smart people, but they have to have common sense.

And we've liberated our troops from divisive and demeaning political trainings. There will be no more critical race theory or transgender for everybody forced onto our brave men and women in uniform or on anybody else for that matter in this country. And we will not have men playing in women's sports if that's okay.

I mean, I wouldn't wanna have to tackle as an example Bryson as a man, but I don't think a lotta women wanna tackle him. I don't think so. How crazy is it, men playing in women's sports? How crazy is it? So ridiculous. So demeaning. So demeaning to women. And it's over. That's over. We've ended it. And promotions and appointments will not be based on politics or identity.

They'll be based on merit. We won that case in the Supreme Court of the United States. We're allowed to go back to a system of merit. We're a merit-based country again. Today, morale in the armed forces is soaring to the highest levels in many decades after years of recruiting shortfalls. And we had years and years of recruiting shortfalls, and just last year was the worst of all, the last year of the Biden administration.

We couldn't get anybody to join our military. We couldn't get anybody to join our police or firefighters. We couldn't get anybody to join anything. And right now, just less than a year later, we just set a brand new peacetime recruiting record. The most, most people joined. And we are brimming -- In fact, be careful.

There's somebody gonna try and take your job. Be careful. You better be good. We are brimming with confidence and we're brimming with people. We had the most, best recruiting month that we've had in memory. Nobody remembers anything like it. And that's all because they have spirit now. They have spirit. They have a spirit for our country.

And now everybody wants to be doing what you're doing. Think of that. So, it's really a great honor, I will say. And I'm pleased to report that by next week, the army is expected to surpass its recruiting targets for the entire year. Something that hasn't happened in 28 years where we've had that. So that's pretty good.

And it's nice to know that you're doing something that everybody wants to do. Isn't it really nice? Wasn't -- I hated to hear that. During the campaign, I was hearing that, the, you couldn't get people to enlist. But now we're getting people, and it's sad because we're telling so many people, "I'm sorry, we can't do it." My administration is doing everything possible to forge the most powerful military ever built.

But ultimately, the task of keeping America strong and safe in the years ahead is going to belong to you. Among you are the lieutenants, majors, colonels, and generals who'll lead the army for the next 10, 20, 30, and even 40 years. So as commander-in-chief, let me offer a few words of advice as you begin your army careers.

And I thought I'd do this, and I can make this to a civilian audience or to a military audience. It's pretty much the same. And, uh, I did this recently at uh, Ohio State, and they really liked it. I gave them a little advice as to what I see for what you wanna do and some tips. And first of all, and you've already done it different from civilians.

They're making their decision right now. You've already made your decision. I love your decision. You have to do what you love. You have to do what you love. If you don't love it, you'll never be successful at it. And you've done this, and you really, many of you in the audience, many of you that are graduating, uh, you come from military backgrounds or you love the military, it's what you want to do, it's what you want to talk about.

One thing I see about people that love the military, that's all they want to talk about. I'll be out to dinner, and generals if they, if they love their job, usually the only good ones are the ones that want to talk about it all the time. But if they talk, that's what they want to talk about. I rarely, really very rarely see somebody who's successful that doesn't love what he or she does.

You have to love what you do. In your case, the military is what you chose. And I'll tell you what; you cannot go wrong. You're gonna see it too. You're gonna love it more and more with time. You know, I work all the time. That's all I do is I work, whether it's politically. Or before that, I did -- I was a very good businessman in case you haven't heard, really good.

But I was good 'cause I loved it, I loved it. I learned from my father a little bit of -- My father was a happy guy and all he did was work. He'd work Saturdays, Sundays. He'd work all the time. And he was a happy guy. He just loved life. And I learned that. I say, "You know, it makes him happy." I've seen other people that never work and they're not happy.

But you gotta love it, otherwise you won't be successful. In the army, there are a lot of different paths you can take, so follow your instincts and make sure that you take the path that you love, that you're doing something that you love within your military. You will be happier and the army will be far stronger for it. Second is to think big.

Always think big. If you're going to do something, you might as well think big, do it big because it's just as tough, and sometimes it's a lot easier thinking big than doing a small task that's more difficult. One of your greatest graduates, General Eisenhower used to say, "Whenever I run into a problem that I can't solve, I always like to make it bigger to solve it and solve more of it." If you go into solve a problem, and it might as well be a big problem as opposed to a small problem that lots of people can take advantage of and solve.

So you can achieve something really amazing. Think big. Third though, you gotta do this. Uh, brainpower you have to have, potential you have to have, but to be really successful, you're always going to have to work hard. An example is a great athlete, Gary Player. Great golfer. He wasn't as big as the other men that were playing against him; great, big, strong guys.

Gary was a smaller guy. I don't want to say too small. He is a friend of mine. He gets a little angry at people because he hits the ball just as far. He said, "I hit the ball further than them. Why am I small?" But he worked very, very hard. He was always doing exercise, he was always -- He was well ahead of his time.

He never stopped. He won 168 golf tournaments. He won 18 majors, nine regular, and nine on the senior tour. 18 with 168. That's the most tournaments, internationally the most tournaments anybody's ever won. But he made a statement years ago, and I heard it, I heard it. He's the first one. I think I've heard it a couple of times since, but he was the first.

He said, "It's funny, the harder I work, the luckier I get." And think of that, the harder I work, the luckier I get. And he worked hard, and you're working hard, and the harder you work, the luckier you're gonna get. Fourth is don't lose your momentum. Momentum's an amazing thing. Keep it going. I tell a story sometimes about a man who was a great, great real estate man.

He was a man who was admired for real estate all over the world, actually, but all over the country. He built Levittowns. He started as a man who built one house, then he built two, then he built five, then he built 20, then he built 1,000, then he built 2,000 and 3,000 a year. And he got very big, very big.

He was great at what he did. You see them all over the country still, Levittowns, so a long time ago. But he was, uh, the first of the really, really big home builders. And he became very rich, became a very rich man, and then he decided to sell. He was offered a lot of money by a big conglomerate, Gulf and Western, big conglomerate.

They didn't do real estate, they didn't know anything about it, but they saw the money he was making; they wanted to take it to a public company. And they gave him a lot of money, tremendous amount of money. More money than he ever thought he'd get. And he sold this company and he had nothing to do. He ended up getting a divorce, found a new wife.

Could you say a trophy wife? I guess we can say a trophy wife. It didn't work out too well. But it doesn't -- And that doesn't work out too well, I must tell you. A lot of trophy wives doesn't work out, but it made him happy for a little while at least. But he found a new wife. He sold his little boat and he got a big yacht.

He had one of the biggest yachts anywhere in the world. He moved for a time to Monte Carlo and he led the good life. And time went by and he got bored. And 15 years later, the company that he sold to called him and they said, "The housing business is not for us." You have to understand, when Bill Levitt was hot, when he had momentum, he'd go to the job sites every night.

He'd pick up every loose nail, he'd pick up every scrap of wood. If there was a bolt or a screw laying on the ground, he'd pick it up and he'd use it the next day and putting together a house. But now he was spoiled and he was rich, he was really rich. And they called and they said, "This isn't for us, this business.

We need to do other things. Would you like to buy it back? We'll sell it back to you cheap." And they did. He bought it, he bought it. He thought he made a great deal and he was all excited. But it was 15 years later, he lost a lot of momentum. Remember the word momentum, and he lost everything, it just didn't work, he lost everything.

And I was sitting at a party on Fifth Avenue one night a long time ago, and you had the biggest people in New York, the biggest people in the country, all in that party, and they were all saluting each other, how great they were, they were all telling each other, "I'm greater than you." It gets to be really, gives you a headache sometimes, but they had all these people telling their own stories about how fantastic.

A cocktail party, and I looked over, and I was doing well, I was, I don't know, I was invited to the party, so I had to be doing well. I was very, very young, but I made a name in real estate. And I looked over, and at the party sitting in a corner all by himself, nobody was talking to him, was Mr. Levitt.

He had just gone bankrupt, lost everything, he had lost everything, his home, everything. And I went over and talked to him because he was in the real estate business and I loved real estate, and I said, "Hello, Mr. Levitt, how are you?" He said, "Hello, Donald, it's nice to meet you." He knew me from being in the business.

I said, "Uh, so how's it going?" He goes, "Not well. It's really not going well, as you've probably read, it's been a very, very tough period for me, son." And I said, "So what happened? it's just, anything you can do?" He goes, "No, there's not a thing I can do." He said, I'll never forget, he said, "I've lost my momentum, I just didn't have it. I used to have it but I lost my momentum." So it's a story I tell, and you have to know when you have the momentum, but sometimes you have to also know when you've lost the momentum and leaving a field, sometimes leaving what you're doing sometimes is okay, but you gotta have momentum, but you have to know if that momentum's gone, you have to know when to say it's time to get out.

And it's a very sad story, I remember that story so well like it was yesterday. Fifth, you have to have the courage to take risks and to do things differently. Eisenhower, again, was threatened with court martials as a young officer for advocating a new doctrine of tank warfare. Billy Mitchell was thrown out of the army for pioneering the use of air power.

They said, "What do you mean air power, don't be ridiculous?" People willing to try and do things differently, it's never gonna be easy for them, but they're the ones that are gonna really do the important things, they're the ones who are gonna make history. So don't be ashamed and don't be afraid, this is a time of incredible change and we do not need an officer Corps of careerists, and yes-men, and people that want to keep it going the way it's been because it changes rapidly, especially what you're doing.

Because believe it or not, you're in a, a business and profession where things change as rapidly like warfare, the type of warfare. Unfortunately we're getting to see it with Russia and Ukraine, and we're studying it and it's a very terrible thing to study. But we're seeing the different forms of warfare.

We're seeing the drones that are coming down at angles and with speed and with precision. We've never seen anything like it, we've never seen anything like it, and we're learning from it, but your profession changes very rapidly, you've gotta keep, you've gotta be at the top of it, you've gotta be right at the head of the needle.

We need Patriots with guts, and vision, and backbone who take personal risks to ensure that America wins every single time, we wanna win our battles. You know, I defeated ISIS in three weeks. They told me it would take five years, and the general that did it, you know that story, was named Razin Caine. His name is Dan Caine, but his nickname was Razin Caine.

I said, "Your name is Razin Caine, I love that, is that a nickname?" "That's what they call me, sir." "I love you General, I think you're the guy I am looking for, I want to know a guy named Razin Caine." And he is now the head of the Joint Chiefs of Staff, and he's a highly respected man, and we defeated, think of it, ISIS, they said, they said, "How long in Washington?" "Sir, it will take four years to defeat them, maybe five, and maybe we won't because they're all over the place." And then I met a man that said we can do it in three weeks, and he did it three weeks, and that's, uh, why he's the head of the Joint Chiefs of Staff right now.

And, uh, we did things that nobody thought were possible. We've had great military success, when you have the right leader and you have the right people, and we have the right people, you're gonna have tremendous succ- -- success. Six, never lose your faith in America and the American people because they're always gonna be there for you.

I went through a very tough time with some very radicalized sick people, and I say, I was investigated more than the great late Alphonse Capone. Alphonse Capone was a monster, he was a very hardened criminal. I went through more investigations than Alphonse Capone, and now I'm talking to you as president, can you believe this?

Can you believe it? So you gotta fight hard, and you gotta never give up and don't let bad people take you down. You gotta let them, you gotta take them down. Got a lot of bad people out there and those people, you have to figure it out, but you also have a lot of great people. Finally, hold on to your culture and your traditions, because that's what makes something really great, and that's what's made the army great, the culture and the tradition.

Whether we're talking about a battalion, a business, a sports team, or even a nation, history has shown that in many ways culture is destiny. So do not let anyone destroy the culture of winning, you have to win. Winning is a beautiful thing, losing not for us, it's not for us, not for anybody here. If it was, you wouldn't be here.

From the earliest days of our nation, this supreme tradition of American military service has been passed down from soldier to soldier and generation to generation, and it's a beautiful thing to watch. Graduating today is Cadet Ricky McMahon. Ricky's great-grandfather, stand up wherever you are, Ricky, because you're gonna like this.

Ricky's great-grandfather served in World War I. His grandfather served in World War II, and his uncle, father and mother all graduated from West Point. Where is Ricky? In 2004, when Ricky was just a little, little tiny boy, who would think about that Ricky, a little tiny boy? His dad, Lieutenant Colonel Michael McMahon, made the ultimate sacrifice for our nation in Afghanistan.

Today, Lieutenant Colonel McMahon rests not far from here in the West Point Cemetery. Last year, two decades after losing his father, Ricky placed a gold chip from his dad's 1985 class ring into a crucible along 87 other rings were with it of past West Point grads that were melted down to forge those now worn by the class of 2025. Do you all know that?

Do you know that, what you're wearing? I want one. Ricky, I want one. Each of you will carry Michael's memory with you always as you continue the legacy he gave you. It gave you something that would be so proud, he would be so proud, he is proud as he looks down. To Ricky and his mom, Jeanette, you embody what this place is all about, and I know Michael, he's up there, he's smiling broadly.

So proud. He's so proud of you today, you know that. And, uh, he's a man that couldn't be, and he is a man that couldn't be more proud. And I want to just, uh, I just love that story. And everybody's ring, they're gonna remember you, they're gonna remember your family, and most importantly, you're gonna remember a great tradition.

It's a great tradition of West Point and of winners. Thank you very much. It's great to meet you. Thank you. You can sit down. You want to come up? If you want to come up, come up. Come on up. Come on up here. That's nice. A handsome guy. They're all good-looking here. I don't know what's going on. Uh, whole crowd is beautiful. Thank you very much.

I'd like to thank my mother, I'd like to thank my family, and I'd like to thank G-3. Go Gophers.

These are good-looking people, I'll tell you General, what's going on over [Inaudible]? Look like all a bunch of male models, I can't stand it. (laughs) For two and a half centuries, our republic has endured because of heroes like Michael. They've laid down their lives for America, and because young people like all of you have picked up the banner of service and carried forward the flag of freedom from Lexington to Yorktown, from Gettysburg to Sicily, and from Inchon to Fallujah, America has been won and saved by an unbroken chain of soldiers and patriots who ran to the sound of the guns, leapt into the maw of battle and charged into the crucible of fire to seize the crown of victory no matter the odds, no matter the cost, no matter the danger.

All over the world, our soldiers have made sacred the ground where they shed their blood and showed their valor. From Seminary Ridge to San Juan Hill, Belleau Wood, Omaha Beach, Leyte Gulf, and Ardennes Forest, Chosin Reservoir, all over. And even a place called Pork Chop Hill. And in all of those battles and so many more, some of the best, brightest and bravest have come from right here at the US Military Academy at West Point, one of the great enabled places anywhere in the world.

America's army has never failed us, and with leaders like the West Point class of 2025, the Army will never fail. We will never let you down. And over the last week, I had the honor of speaking to the heads of many countries and they would say, two weeks ago they say -- The 8th, they said, "Sir, we're celebrating the victory today of World War II." And I said, "Wow, that's nice." Then I'd call another one, unrelated. "Sir, we're celebrating the victory of World War II." Then I called up President of France on something also unrelated.

He said, "Sir, we're celebrating our victory over World War II." I said, "Well, whoa. What have we here?" We help them a lot. And I- I had this Russia, I talked to Putin about ending that terrible war that's going on. And he said they're having a big victory march. And they did lose, in all fairness, 51 million people.

But they were all celebrating. The only country that wasn't celebrating was the United States of America. And I said, isn't it amazing? We were the ones that won the war. And we were helped. We were helped. In some cases we had to help them, but we were helped by some of the nations, and we were strongly helped by a couple of them.

But every one of them was celebrating. They had Victory Day, they called it Victory Day in Europe, Victory Day all over. And we weren't even thought about, nobody had a Victory Day, and so I named that special day and another special day from now on as a holiday, but a holiday where we work because we don't have enough days.

We're going to be having so many holidays, we're not going to be able to work anymore. But I named it for World War II, and a separate day in November, as you know, for World War I. I said, you know, all of these countries that participated in the war are celebrating, but the greatest country of them all, and the country that won the war, nobody even talked about.

And so, we're going to be talking about it too from now on, and I think you'll appreciate it. We won the First World War. We won the Second World War, and you know where we won them from? Right here at West Point. West Point won the war. You won two world wars, and plenty of other things, but you want to think of it. We don't want to have a third world war, but we won the First World War.

We won the Second World War right here from West Point. And that's something, and we're gonna be talking about it. You know, they can talk about it, and in some cases, as you know, they didn't do too much to help. They were ground down, but they were celebrating victory. No, we're gonna celebrate victory because we're the ones that won that war.

Standing before you today, I know that you will never stop. You will never quit. You will never yield. You will never tire. You will never, ever, ever surrender. Never give up. Remember that. Never give up. That's another little factor I could have added. Never, ever give up. Raise your right hand. I pledge I will never, ever give up. You can never give up. You can never give up. If you do, you're not gonna be successful because you'll go through things that will be bad.

You're gonna have great moments, you're gonna have bad moments. You can never give up. Through every challenge and every battle, you'll stand strong, you'll work hard, you'll stay tough, and you will fight, fight, fight, and win, win, win. So, I wanna just congratulate you all. I'm going back now to deal with Russia, to deal with China. [Laughs] What's that- what's that all about?

I- I said that to- that to get you lots of victories. So, we're gonna keep winning. This country is gonna keep winning. And with you, the job is easy. I want to thank you all. Congratulations to the class of 2025. God bless you all. Incredible people. Thank you very much everybody.

Ladies and gentlemen, at this time, please remain standing for the presentation of the class gift.

The Class President, Cadet Katherine LaReau, will present a panoramic photo of the class of 2025 to the President.

President Trump, on behalf of the class of 2025, I would like to present you with this class photo as a token of appreciation for your inspiring words today. Thank you, sir.

Beautiful. That's fantastic. Thank you very much. Okay? Thank you very much. She stole it.

Class, attention. Class, pre cut. Class, present, arms. Class, attention. Re, cover. Present arms.

Ladies and gentlemen, please rise for the departure of the President.

Thank you very much. Thank you very much. Thank you.

Monday, May 26, 2025

Why its hard to take note of Memorial Day this year.

 From the occupant of the Oval Office.


A man who says something like this, isn't qualified to be President.  And a political party whose politicians fall right in line isn't qualified to lead.

The country isn't itself right now.  It can hardly honor its fallen dead, while destroying the things they fought for.

Friday, May 23, 2025

Trump’s Big Budget Bomb (Part 1) | The Ezra Klein Show


An excellent short review.

Simply put, Trump's "Big Beautiful Bill" really only benefits the wealthy and will almost certain create an economic crisis on a level not seen since The Great Depression.

What's more, many of those voting for that are very well aware of that.

Subsidiarity Economics 2025. The Times more or less locally, Part 6. “Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs.”

Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs.

The Wall Street Journal, May 13, 2025.

May 14, 2025

Wyoming Delegation Not Supportive Of Trump's Idea Of Tax Hike For The Rich

So Barrasso and Lummis separate from Trump on this?

Neither one of them are actually Trump supporters in terms of their personal beliefs, but have adopted his views for political survival in Wyoming, which is fanatically pro Trump.  Everyone is well aware that the budget is in a crisis stage and at some point soon the US needs to have a balanced budget. That can only be done through raising taxes, and they know it.

Additionally, taxing the wealthy will not hurt the economy, and everyone knows that.  Tax rates for the wealthy were much higher in prior decades with no ill effect on the economy.

A matter of critical interest.

Wyoming Is The Second Most Expensive State For Beer Lovers

And one Wyomingites just won't believe

Reaction To Trump Tariffs Helps Push Wyoming Oil Prices To Four-Year Low

This is an absolute fact, but if you follow the story on Facebook, a lot of Wyomingites just won't believe it. That would mean Trump is hurting the local economy, and they can't accept that. . . at least not yet.

Oil is at $62.02/bbl this morning.

May 15, 2025

Given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins. 

Walmart CEO Doug McMillon.

Oil is at $61.60/bbl.

May 17, 2025

Thanks to Republican mishandling of the economy, specifically increasing debt, Moody's downgraded the economy from Aaa to Aa1.

The GOP can't seem to grasp that you actually have to pay for the government.

New Jersey transit engineers are on strike.

Trump's "Big Beautiful Budget Bill", which would add $4T in debt, failed 16-21 in the House Budget Committee.

The irony is that those voting against it want more spending cuts, but only increased taxes will address this developing crisis.

Let's put this in bold, as people just don't seem to grasp it.

THE UNITED STATES CAN'T "CUT" ITS WAY OUT OF ITS BUDGET CRISIS.  IT MUST RAISE TAXES.

Cont:

It's really time to stop calling Trump a businessman:

He's a real estate developer. Clearly he's otherwise a business illiterate.

May 19, 2025

The Trump deficit expanding budget bill made it out of committee on a 17-16 vote with those who were to vote no, voting present.

This bill will be a disaster for already an already irresponsible Federal government.  Taxes need to be raised on income, particularly upper incomes to make the budget balance and this insanity cease.

May 22, 2025

The House of Representatives passed by a margin of one a funding bill that will swell the deficit disastrously while making cuts in Medicaid and food stamp while adding to border security.  Taxes will be cut, when they should be raised, and will irrationally be eliminated on tips and overtime.

Trump, who speaks oddly at best, has called this his "big beautiful tax bill"

Walmart is cutting 1,500 corporate jobs.

The stock market is crashing because of the bad tax bill. The bond market is flat.

West Texas crude is back down to $60.96.

Cont:

The "tip" exemption appears to be for "cash tips".

FWIW, bar tenders tend to get cash tips, but restaurant workers less and less.  FWIW, cash tips are notoriously underreported anyway, as they're impossible to keep track of.

May 23, 2025

Hageman’s Budget Vote Critical As House Passes One Big Beautiful Act 215-214


The next one is interesting:

Republicans are for state's rights, except when the state exercises the right to do something they don't like.

Likewise, the GOP is for local control, but really isn't.

At Lusk Town Meeting, Locals Say Wind Projects Have Ended Friendships

Developer Of Controversial Casper Gravel Mine Wants To Renew State Leases

Trump:


What does the "thank you for our attention to this matter" intend to do?

Last edition:

Subsidiarity Economics 2025. The Times more or less locally, Part 5. The Roller Coaster Edition.

Wednesday, May 21, 2025

Lex Anteinternet: The Aerodrome: Air Force One.

Lex Anteinternet: The Aerodrome: Air Force One.: The Aerodrome: Air Force One. :  Air Force One. Air Force One has been in the news a lot recently, and it  started before the Qatari proposa...

So the US has in fact accepted the Qatari 747. 

Simply embarrassing.

Tuesday, May 20, 2025

The elephant in the room.

Whether the right time to have this conversation is now or some time in the future, we really do need to be honest about whether the former president was capable of doing the job.

J. D. Vance upon learning of Joe Biden's cancer diagnosis.

Why will no one say it?

There are a lot of people right now speculating on whether Joe Biden was incapable of acting as President in the last few months of his presidency, and not without good reason.  

That, now, is a matter for history.

There's every reason to worry about the same thing in regard to Donald Trump right now.

With all the recent yapping, first due to a book, and then due to this, about a coverup to conceal Biden's decline, Trump is declining before our very eyes.  There's every reason to believe that those around him conceal it and don't address it, as they have a set of agendas they can only advance through him.

Saturday, May 17, 2025

The Aerodrome: Air Force One.

The Aerodrome: Air Force One.

Air Force One.

Air Force One has been in the news a lot recently, and it  started before the Qatari proposal to give the United States, or Donald Trump (it isn't clear which) a luxury outfitted Boeing 747.

Technically "Air Force One" is a call sign, and merely denotes an airplane the Chief Executive is a passenger in.  If a President rode in an Air Force Cessna, that would be Air Force One.  But everyone knows that it refers to one of two Boeing VC-25s, militarized 747s, that are designated for the Presidents use.

RD-2

Interestingly, the first aircraft designated for Presidential use was a Navy airplane, an amphibious Douglas Dolphin RD-2 that was luxury outfitted for use by President Roosevelt.  It was used from 1933 to 1939, and obviously not for transglobal flight.  The President didn't really do extensive travel until World War Two.

Roosevelt's once used VC-54C.

In spite of concerns over commercial aviation being used to carry the President during the war, it was in fact used and it wasn 't until 1945 that a new designated Presidential aircraft was acquired, that being a  Secret Service reconfigured a Douglas C-54 Skymaster (VC-54C) which was named the Sacred Cow.  It contained a sleeping area, radiotelephone, and retractable battery-powered elevator to lift Roosevelt in his wheelchair. It's only use by Roosevelt was to fly the then dying President to Yalta.  Truman used it thereafter, but it was replaced by military DC-6 (VC-118) thereafter.

Truman's VC-118.

President Eisenhower, who of course knew planes well, to Lockheed C-121 Constellations, Columbine II and Columbine III. The Constellation was a very popular airplane at the time, and Douglas MacArthur also had one, that one spending many years after its service at the Natrona County International Airport on an abandoned runway.

Columbine II was the first Presidential aircraft to receive the designation Air Force One.

At the end of Eisenhower's Presidency Boeing 707s came in, in part because the Soviets were using a jet to transport their Premier.  707s remained through the Nixon era, giving good service in this role.

747s, as VC-25s, entered specialized manufacture for use as Air Force One during Reagan's administration, although the first one would enter service after that.  They've been used ever since.

These aren't normal 747s.  They are packed with communications and electronic warfare equipment in order to have combat survivability.  

Replacing the current two aircraft that are used as Air Force One is a topic that the Air Force started looking at quite a few years ago.  The 747 variant which the VC-25 isn't made anymore.  Production of 747s stopped in 2023 in favor of more modern aircraft.  Still, the airframe remains useful in this role, and after the Air Force started to look into options, updating a 747-8 appeared to be the best option.  Only Boeing was interested in the project anyway, and it will take a massive financial loss to do it.  

The aircraft that are being retrofitted for this role was built, originally, as a commercial airliner. The projected is a massive one, and the delivery date will be in 2027.

What the new Air Force Ones will look like.

Enter Qatar.

Qatar has offered to give the US (I guess) a luxury Boeing 747-8 for use as Air Force One until the other 747-8s are complete.  But here's the thing.  Boeing has been working on the complicated task fo converting the two existing 747-8s for this use for several years. After all, it's basically a combat aircraft.  All accepting the plane would do is give Boeing a third one to convert, which wouldn't be ready for years.

Trump is being childish about this, as he is about a lot of things.  He doesn't seem to grasp the nature of the aircraft, and likely a lot of other people don't as well.  In his case, this is inexcusable.  It's a combat airplane.

Frankly, it's a Cold War combat airplane.

Which gets to this.

The 747 was a big massive airliner in an era in which it was the queen of the sky. That era is over and airlines have moved on to more modern aircraft.  The world in which Ronald Reagan ordered 747s is gone as well.  It's still useful to have an aircraft that can be used in a global thermonuclear war, which is what it is, but that's not going to happen and it makes no sense to use it to go on weekend golfing trips to Florida.

But that's what Trump tends to use it for.

That raises an entire series of other questions, many of which have little to do with aircraft, but some of which do.  It's notable that other Presidents have used lighter aircraft for more mundane trips.  In November 1999, President Bill Clinton flew from Ankara, Turkey, to Cengiz Topel Naval Air Station outside Izmit, Turkey, aboard a marked C-20C.  In 2000, President Clinton flew to Pakistan aboard an unmarked Gulfstream III.  In 2003, President George W. Bush flew in the co-pilot seat of a Sea Control Squadron Thirty-Five (VS-35) S-3B Viking from Naval Air Station North Island, California to the aircraft carrier USS Abraham Lincoln, with that latter obviously being an exception. Barack Obama used a Gulfstream C-37 variant on a personal trip in 2009.

Trump can use something else than a 747 for what he uses Air Force One for in almost every single instance.

Indeed, the entire topic brings up a lot of things about the risks of having an airplane like this, a luxury airliner inside, which is really a combat aircraft.  It makes it easy to forget what it really is, and it makes a President feel like an Emperor, which he is not.

Tuesday, May 13, 2025

Subsidiarity Economics 2025. The Times more or less locally, Part 5. The Roller Coaster Edition.

 


April 10, 2025

On April 2, Trump, using bogus emergency powers, imposed an insane tariff regime on nearly every country in the world, save for Russia, based on trade imbalances, showing a juvenile understanding of that topic at best.

This caused markets to crash and the economy to head to what might optimistically have been a recession, and perhaps more realistically a depression.

Yesterday the tariffs were paused for 90 days, save for the ones on China, the latter of which has retaliated with a 104% tariff on US goods.

Earlier tariffs imposed on Canada and Mexico, and a 10% tariff imposed on everyone, remain.

This policy is still disastrous, simply less so than the really steep tariffs that Trump had claimed were permanent, and then which turned out to perhaps not be after foreign holders began to dump US bonds.

And so here we are.  

Congress has the power to end this madness as it has delegated these completely bogus emergency powers to the Red Caesar, but it won't as the national GOP is now some sort of strange Peronist/Authoritarian party dedicated to extremism.  The roller coaster ride isn't over, it's just on some lower bends.  The whims and beliefs of one man now hold the global economy in peril.

Highly relevant to Wyoming:

Despite the strong relief rally on Wednesday, following President Trump’s 90-day pause of tariff hikes on most countries except China, the U.S. benchmark oil price is now lower than the breakeven for the shale industry to profitably drill a new well.

 OilPrice.com

Cont:

Speaker of the House Johnson had to pull the budget bill from consideration due to right wing concerns over the deficit, which are rightly placed.  Apparently as of this morning he has enough votes to advance the bill.

Cont:

After massively rallying late yesterday, stocks are once again dropping this morning.

Cont:

The Dow closed 1,000 points down.

Oil fell to $60.23/bbl. after having gone up a little during the day at first.

The decline is starting to set in, which not only makes it a bear market, but which shows that long term prospects for the economy are fading.

April 11, 2025

China raised its tariffs on US goods to 125%.

April 13, 2025

The Trump administration is now excluding certain electronics like smartphones and laptops from reciprocal tariffs.

April 14, 2025

The weekend shows made it clear that the reprieve on electronics tariffs is temporary, and more directed ones will be coming.

Regarding the weekend shows:

A Disturbing Trifecta

On a US industry that may in fact feel quick relief in their sector from the tariffs, a headline from the Tribune:

GULF SHRIMPERS CHEER ON TRUMP’S TARIFFS SEAFOOD INDUSTRY 

Cheap imports cause US industry to lose 50% of market value

April 17, 2025

Wyoming hospital districts face ‘painful’ funding drop with property tax cut: The state’s 15 hospital districts are among hundreds of entities that will see tax revenue declines. It’s a blow to an already fragile sector, health care representatives say.

It’s Not Known If The 6-10 UW Students Who Had Visas Revoked Are Still On Campus

April 19, 2025

Mack Trucks is laying off between 250 and 350 workers at its Lehigh Valley Operations center in Pennsylvania, citing economic uncertainty caused by Trump’s tariffs.

President Trump’s tariff war isn’t going well, with market ructions and evidence of a slowing economy. So it was probably inevitable that Mr. Trump would demand that the Federal Reserve ride to his rescue by cutting interest rates…The problem for Mr. Trump is that Mr. Powell spoke the truth. Tariffs are a tax, which means higher prices for tariffed goods.

The Wall Street Journal Editorial Board.

April 22, 2025

Donald Trump started the day be rebuking businessmen who lack faith in his actions on the econmy.

By the end of the day, the economy rebuked him.

Few think administration’s negotiations with trade partners will yield results soon enough to ease the strain

 

Stocks End Sharply Lower. The Dow Is on Pace for Worst April Since 1932.

The Wall Street Journal and Barrons.

Most AmeriCorps staff members were placed on leave.

cont:

Trump has been attacking Fed Chairman Jerome Powell, who was appointed by Trump in his first legitimate administration.  It's now being theorized that this is so that Trump will have a scapegoat for crashing the economy, which is occurring. The statute of limitations on blaming Biden has basically expired.

cont: 

The Institute of International Finance (IIF) reported today that Trump’s policies mean the U.S. economy may fall into a Recession and shrink by 0.8% in Q3 and 0.3% in Q4 2025 with inflation rising to 4.6% by the end of the year.

The result would be stagflation.

April 23, 2025

After threatening Jerome Powell for a few days, Trump backed off.

U.S. Treasury Secretary Scott Bessent said Tuesday that the ongoing tariffs war against China is unsustainable and he expects a “de-escalation” in the trade war.

Trump suggested he was going to cut China's tariffs substantially. China has not reached out to negotiate.

Classic Trump cycle.  Do something stupid. . . something bad happens. . . claims problem is solved and things will be fine. . . reverses decision.

April 24, 2025

Elon Musk is going back to Tesla, which has taken a hammering since Musk became the chief doggy of DOGE, for the most part.  He apparently will still have some association with the kennel, according to his statement, but my guess is that will end pretty quickly.

Whether Tesla will also end, given its economic slide, is another question. With Musk barking at liberals, and Tesla's being sort of a liberal status symbol at one time, it may simply decline into oblivion.

Texas, which has been following Trump in all things Trumplike, just created its own DOGE.

April 29, 2025

Amazon announced that it is adding the price of tariffs to the cost of items.

D'uh.

Interestingly, it's going to post the price of the tariffs on the items it lists.

Carline Levitt, on behalf of the administration, declared "This is a hostile and political act by Amazon", expressing a view which apparently shows that the Administration is either completely dim on how pricing works, or seeking scapegoats for a policy that it nows is going to hit in May and be massively unpopular.  It'd rather you not know, apparently, although people will soon figure that out anyhow.

April 30, 2025

Trump called Bezos and Amazon backed off.

UPS is laying off 20,000 drivers in anticipation of reduced Amazon shipments.

The economy shrank last quarter. Trump blamed President Biden.

May 1, 2025

Here's the current price of oil:

WTI Crude 56.88

Brent Crude 59.75

This is way below the Wyoming price marketability figure.  If this holds, this will result in the crash of Wyoming oil.

Trump's economic propogandists keep pointing to the price of oil going down, which it has been, as proof of his tariffs working. They are working to depress the price of oil, but because the price of oil is an economic indicator.  When it goes down, it means there's an anticipated or actual low demand, usually.  Production gluts are also a cause, but that's not the cause here.

Prices went down on everything, I"d note, during the Great Depression, once it was really rolling.

This is bad news, for Wyoming in particular.

DOGE cuts to AmeriCorps ‘a devastating blow to the state of Wyoming’: “What I struggle with most is that this is somehow an act of efficiency,” one stakeholder told WyoFile, adding that $40 is returned for every federal dollar invested in service in Wyoming.

In the 100 Day Cabinet meeting in which Trump's loyal retainers heaped praise upon him, the Dear Leader noted sacrifice in that maybe children this Christmas shall get only two dolls, instead of 30.

Let them eat cake. 

May 3, 2025

There is no question that trade can be an act of war. It has led to bad things — the attitudes that it has brought out. In the United States, we should be looking to trade with the rest of the world. And we should do what we do best and they should do what they do best. That’s what we did originally. We were good at producing tobacco and cotton 250 years ago and we traded it. We want a prosperous world but eight countries with nuclear weapons, including a few that I would call quite unstable, I do not think it’s a great idea where a few countries say ‘hahaha we won,” and other countries are envious.

Warren Buffet today.

May 5, 2025

And now we're going to hit foreign movies with a 100% tariff, apparently.

May 6, 2025

Governor sees ‘opportunity’ for Wyoming in Trump tariff war. Economist sees ‘disaster.’: State's trona and soda ash industry is particularly vulnerable to losing global buyers, while Gordon sees potential bright spots for mineral commodities, as well as new manufacturing.

May 7, 2025

If the large increase in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slow down in economic growth and an increase in unemployment.

Jerome Powell.

May 8, 2025

The US and the UK have apparently reached a trade deal, although the details are murky.

May 12, 2025

The US and China have agreed to cut tariffs for 90 days.

This is causing a stock market rally, but the roller coaster nature of this is once again notable.

John Barrasso was on Meet The Press yesterday and cited gas prices as evidence of Trump's economic wisdom, when in fact its ironically the opposite.

May 13, 2025

A 90 day pause in the trade war with China was agreed upon with each side dropping their tariffs by 115%.

The price of oil climbed to $62.48/bbl.

The order associated with this:

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

Section 1.  Background.  In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits), I declared a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits, and imposed additional ad valorem duties that I deemed necessary and appropriate to deal with that unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security and economy of the United States.  Section 4(b) of Executive Order 14257 provided that “[s]hould any trading partner retaliate against the United States in response to this action through import duties on U.S. exports or other measures, I may further modify the [Harmonized Tariff Schedule of the United States] to increase or expand in scope the duties imposed under this order to ensure the efficacy of this action.”

In Executive Order 14259 of April 8, 2025 (Amendment to Reciprocal Tariffs and Updated Duties as Applied to Low-Value Imports From the People’s Republic of China), and Executive Order 14266 of April 9, 2025 (Modifying Reciprocal Tariff Rates To Reflect Trading Partner Retaliation and Alignment), pursuant to section 4(b) of Executive Order 14257, I ordered modifications of the Harmonized Tariff Schedule of the United States (HTSUS) to raise the applicablead valorem duty rate for imports from the People’s Republic of China (PRC) established in Executive Order 14257, in recognition of the fact that the State Council Tariff Commission of the PRC announced that it would retaliate against the United States in response to Executive Order 14257 and Executive Order 14259.

Section 4(c) of Executive Order 14257 provided that, “[s]hould any trading partner take significant steps to remedy non-reciprocal trade arrangements and align sufficiently with the United States on economic and national security matters, I may further modify the HTSUS to decrease or limit in scope the duties imposed under this order.”  Since I signed Executive Order 14266, the United States has entered into discussions with the PRC to address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns.  Conducting these discussions is a significant step by the PRC toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters.

Pursuant to section 4(c) of Executive Order 14257, I have determined that it is necessary and appropriate to address the national emergency declared in that order by modifying the HTSUS to suspend for a period of 90 days application of the additional ad valorem duties imposed on the PRC listed in Annex I to Executive Order 14257, as amended by Executive Order 14259 and Executive Order 14266, and clarified in the Presidential Memorandum of April 11, 2025 (Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended), and to instead impose on articles of the PRC an additional ad valorem rate of duty as set forth herein, pursuant to the terms of, and except as otherwise provided in, Executive Order 14257, as modified by this order. 

Sec. 2.  Suspension of Country-Specific Ad Valorem Rate of Duty.  Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 14, 2025, all articles imported into the customs territory of the United States from the PRC, including Hong Kong and Macau, shall be, consistent with law, subject to an additional ad valorem rate of duty of 10 percent subject to all applicable exceptions set forth in Executive Order 14257 and the Presidential Memorandum of April 11, 2025.  This ad valorem rate of duty of 10 percent reflects (i) the modification of the application of the additional ad valorem rate of duty on articles of China (including articles of Hong Kong and Macau) set forth in Executive Order 14257, by suspending 24 percentage points of that rate for an initial period of 90 days, and the retention of the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said order; and (ii) the removal of the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 and Executive Order 14266.

Sec. 3.  Tariff Modifications.  In recognition of the intentions of the PRC to facilitate addressing the national emergency declared in Executive Order 14257, the HTSUS shall be modified as follows:

Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 14, 2025: 

(a)  heading 9903.01.25 of the HTSUS shall be amended by deleting the article description and by inserting “Articles the product of any country, except for products described in headings 9903.01.26–9903.01.33, and except as provided for in heading 9903.01.34, as provided for in subdivision (v) of U.S. note 2 to this subchapter . . . . . . ” in lieu thereof;

(b)  heading 9903.01.63 of the HTSUS shall be amended by deleting “125%” each place that it appears and by inserting “34%” in lieu thereof;

(c)  subdivision (v)(xiii)(10) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by deleting “125%”, and by inserting “34%” in lieu thereof; and

(d)  heading 9903.01.63 and subdivision (v)(xiii)(10) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS are hereby suspended for a period of 90 days beginning at 12:01 a.m. eastern daylight time on May 14, 2025.

Sec. 4.  De Minimis Tariff Decrease.  To ensure that the reduction in duties pursuant to section 2 of this order is made fully effective and the purpose of Executive Order 14257, as amended, is not undermined, I also deem it necessary and appropriate to:

(a)  decrease the ad valorem rate of duty set forth in section 2(c)(i) of Executive Order 14256 of April 2, 2025 (Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports), as modified by Executive Order 14259 and Executive Order 14266, from 120 percent to 54 percent;

(b)  retain in effect the per postal item containing goods duty of 100 dollars in section 2(c)(ii) of Executive Order 14256, as modified by Executive Order 14259 and Executive Order 14266, that has been in effect since 12:01 a.m. eastern daylight time on May 2, 2025, unless and until otherwise modified by a subsequent executive action, notwithstanding the increase contemplated effective June 1, 2025, pursuant to Executive Order 14256, as modified by Executive Order 14259 and Executive Order 14266; and

(c)  modify the HTSUS, effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 14, 2025, as follows:

(i)   subdivision (w) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by deleting “120 percent”, and by inserting “54 percent” in lieu thereof; and

(ii)  subdivision (w) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by deleting “, and before 12:01 a.m. eastern daylight time on June 1, 2025.  For merchandise entered for consumption on or after 12:01 a.m. eastern daylight time on June 1, 2025, the applicable specific duty rate is $200 per postal item containing such goods.”

Sec. 5.  Implementation.  The Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, as applicable, in consultation with the Secretary of State, the Secretary of the Treasury, the Assistant to the President for National Security Affairs, the Assistant to the President for Economic Policy, the Senior Counselor to the President for Trade and Manufacturing, and the Chair of the United States International Trade Commission, are directed to take all necessary actions to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register and adopting rules and regulations, and are authorized to take such actions, and to employ all powers granted to the President by IEEPA, as may be necessary to implement this order.  Each executive department and agency shall take all appropriate measures within its authority to implement this order.

Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department, agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The costs for publication of this order shall be borne by the Department of Commerce.

                               DONALD J. TRUMP

Trump issued an odd order attempting to address the price of prescription drugs.

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

Section 1.  Purpose.  The United States has less than five percent of the world’s population and yet funds around three quarters of global pharmaceutical profits.  This egregious imbalance is orchestrated through a purposeful scheme in which drug manufacturers deeply discount their products to access foreign markets, and subsidize that decrease through enormously high prices in the United States.

The United States has for too long turned its back on Americans, who unwittingly sponsor both drug manufacturers and other countries.  These entities today rely on price markups on American consumers, generous public subsidies for research and development primarily through the National Institutes of Health, and robust public financing of prescription drug consumption through Federal and State healthcare programs.  Drug manufacturers, rather than seeking to equalize evident price discrimination, agree to other countries’ demands for low prices, and simultaneously fight against the ability for public and private payers in the United States to negotiate the best prices for patients.  The inflated prices in the United States fuel global innovation while foreign health systems get a free ride.

This abuse of Americans’ generosity, who deserve low-cost pharmaceuticals on the same terms as other developed nations, must end.  Americans will no longer be forced to pay almost three times more for the exact same medicines, often made in the exact same factories.  As the largest purchaser of pharmaceuticals, Americans should get the best deal.

Sec. 2.  Policy.  Americans should not be forced to subsidize low-cost prescription drugs and biologics in other developed countries, and face overcharges for the same products in the United States.  Americans must therefore have access to the most-favored-nation price for these products. 

My Administration will take immediate steps to end global freeloading and, should drug manufacturers fail to offer American consumers the most-favored-nation lowest price, my Administration will take additional aggressive action.

Sec. 3.  Addressing Foreign Nations Freeloading on American-Financed Innovation.  The Secretary of Commerce and the United States Trade Representative shall take all necessary and appropriate action to ensure foreign countries are not engaged in any act, policy, or practice that may be unreasonable or discriminatory or that may impair United States national security and that has the effect of forcing American patients to pay for a disproportionate amount of global pharmaceutical research and development, including by suppressing the price of pharmaceutical products below fair market value in foreign countries.

Sec. 4.  Enabling Direct-to-Consumer Sales to American Patients at the Most-Favored-Nation Price.  To the extent consistent with law, the Secretary of Health and Human Services (Secretary) shall facilitate direct-to-consumer purchasing programs for pharmaceutical manufacturers that sell their products to American patients at the most-favored-nation price.

Sec. 5.  Establishing Most-Favored-Nation Pricing.  (a)  Within 30 days of the date of this order, the Secretary shall, in coordination with the Assistant to the President for Domestic Policy, the Administrator for the Centers for Medicare and Medicaid Services, and other relevant executive department and agency (agency) officials, communicate most-favored-nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations.

(b)  If, following the action described in subsection (a) of this section, significant progress towards most-favored-nation pricing for American patients is not delivered, to the extent consistent with law:

(i)    the Secretary shall propose a rulemaking plan to impose most-favored-nation pricing; 

(ii)   the Secretary shall consider certification to the Congress that importation under section 804(j) of the Federal Food, Drug, and Cosmetic Act (FDCA) will pose no additional risk to the public’s health and safety and result in a significant reduction in the cost of prescription drugs to the American consumer; and if the Secretary so certifies, then the Commissioner of Food and Drugs shall take action under section 804(j)(2)(B) of the FDCA to describe circumstances under which waivers will be consistently granted to import prescription drugs on a case-by-case basis from developed nations with low-cost prescription drugs;  

(iii)  following the report issued under section 13 of Executive Order 14273 of April 15, 2025 (Lowering Drug Prices by Once Again Putting Americans First), the Attorney General and the Chairman of the Federal Trade Commission shall, to the extent consistent with law, undertake enforcement action against any anti-competitive practices identified within such report, including through use of sections 1 and 2 of the Sherman Antitrust Act and section 5 of the Federal Trade Commission Act, as appropriate;

(iv)   the Secretary of Commerce, and the heads of other relevant agencies as necessary, shall review and consider all necessary action regarding the export of pharmaceutical drugs or precursor material that may be fueling the global price discrimination;

(v)    the Commissioner of Food and Drugs shall review and potentially modify or revoke approvals granted for drugs, for those drugs that maybe be unsafe, ineffective, or improperly marketed; and

(vi)   the heads of agencies shall take all action available, in coordination with the Assistant to the President for Domestic Policy, to address global freeloading and price discrimination against American patients.

Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii.) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The Department of Health and Human Services shall provide funding for publication of this order in the Federal Register.

                               DONALD J. TRUMP

Related threads:

The Cost Meter. A Trade War Index.

Labels: 

Last edition:

Subsidiarity Economics 2025. The Times more or less locally, Part 4. The Mutually Assured Tariff Destruction and Wacky Math Edition.