The David Pakman Show 12/2/24: Biden pardons Hunter, Trump chooses conspiracy nut for FBI
12 snips
Dec 2, 2024 President Biden's controversial pardon of Hunter Biden sparks political debates and opens the door for Trump's future pardons. The looming Trump tariffs could lead to rising consumer prices, even as many remain unaware of their implications. Trump's authoritarian cabinet nominations raise concerns about governance and public health, with a dangerous anti-vaxxer chosen for the CDC. Discussions also reveal the complexities of tariffs and the myth of self-made success, highlighting the importance of public investment in achieving true achievement.
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Tariff Misunderstanding
- David Pakman recalls a viral moment on a business podcast where the host didn't understand how tariffs worked.
- This highlights widespread misunderstanding of tariffs.
Effective Tariff Use
- Use targeted tariffs to incentivize domestic production.
- Combine these with incentives and a clear timeline for implementation, as in the semiconductor industry example.
Why Blanket Tariffs Fail
- Trump's blanket tariffs on countries like China and Mexico will likely not achieve their intended goals.
- These tariffs fail to address the complexity of global trade and supply chains.
