CAL THOMAS COMMENTARY APRIL 8, 2025
WHEN FRANKLIN ROOSEVELT WAS ELECTED PRESIDENT AT THE BEGINNING OF THE DEPRESSION HE SAID IN HIS INAUGURAL ADDRESS “THE ONLY THING WE HAVE TO FEAR IS FEAR, ITSELF.”
MIGHT THAT ALSO APPLY TODAY AS THE STOCK MARKET IS IN TURMOIL AND THE RETIREMENT FUNDS OF ESPECIALLY SENIORS HAVE FALLEN SIGNIFICANTLY.
PRESIDENT TRUMP IS RIGHT WHEN HE SAYS OTHER COUNTRIES HAVE BEEN RIPPING US OFF FOR YEARS ON TARIFFS. INDIA HAS A 100 PERCENT TARIFF ON U.S. GOODS. MANY EUROPEAN NATIONS HAVE TARIFFS HIGHER THAN OURS. IT IS UNFAIR AND PRESIDENT TRUMP IS TRYING TO RE-SET THE WORLD ECONOMIC SYSTEM.
WHAT IS NEEDED IS A NATIONALLY TELEVISED ADDRESS IN PRIME TIME. THIS WILL DEMONSTRATE HIS SERIOUSNESS ABOUT FIXING THE ECONOMY WHICH, ALONG WITH IMMIGRATION, HELPED GET HIM ELECTED. MAKE THE SPEECH IN SIMPLE TERMS THAT EVERYONE CAN UNDERSTAND. IF HE HAS NEWS OF OTHER NATIONS REDUCING OR ELIMINATING THEIR TARIFFS, LET HIM SAY WHAT THEY ARE. HE SHOULD SOUND CONFIDENT AND ASK FOR TIME TO MAKE IT ALL WORK.
THE MARKET FELL DURING COVID AND IT CAME BACK. THE PRESIDENT SHOULD SAY IT WILL COME BACK AGAIN AND FAIRLY SOON IF HE BELIEVES THAT AND CALM THE FEAR. I’M CAL THOMAS.
