Tag: commerce secretary
Howard Lutnick

WATCH: Lutnick Scorched By Audience As He Shrugs Off Tariff Worries

Commerce Secretary Howard Lutnick sought to defend Donald Trump's nonsensical tariff policy on Wednesday by falsely saying that the massive tariffs the administration placed on nearly every item imported into the U.S. won't raise prices and that no one will feel any pain.

Lutnick made the comment at an event hosted by the media outlet Axios, where he told the audience that sellers won’t raise prices—even though major big-name retailers and manufacturers like Walmart, Mattel, and Nike have already said they will be forced to shift tariff costs onto consumers.

"You go to the store now, are you feeling the pain ? No. Why not? Because there is no pain," Lutnick, a billionaire, told the audience.

He then told the audience that tariffs have been in place since April and asked, "Have any of you felt any of it? Seriously."

Lutnick was clearly expecting the audience to say no. But the audience replied with a resounding "yes," which stunned him into an awkward silence.

Despite Lutnick’s ridiculous comments, a majority of American companies say they will have to raise their prices in order to stay afloat.

“Given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure,” Walmart CEO Doug McMillon said. “The higher tariffs will result in higher prices.”

Meanwhile, contrary to what Lutnick said, polls show that voters are feeling the pain of tariffs. A new Civiqs poll for Daily Kos, which was conducted from May 17-20, finds that 56 percent of voters say tariffs have already led to higher prices.

It's not surprising, however, that Lutnick would say something wildly out of touch. Who can remember when he said that anyone who complains about losing their Social Security benefits is a “fraudster”?

In a podcast interview in March, when Elon Musk’s so-called Department of Government Efficiency was meddling with the Social Security Administration, Lutnick said: "Let's say Social Security didn't send out their checks this month. My mother-in-law, who's 94, she wouldn't call and complain. She just wouldn't. She thinks something got messed up and she'll get it next month. A fraudster always makes the loudest noise screaming, yelling, and complaining. And all the guys who did PayPal, like Elon knows this by heart, right? Anybody who's been in the payment system and the process system knows the easiest way to find the fraudster is to stop payments and listen.”

It was also Lutnick who said he wants Americans to toil away in factories for the rest of their lives.

"It's time to train people not to do the jobs of the past, but to do the great jobs of the future. This is the new model where you work in these kinds of plants for the rest of your life and your kids work here and your grandkids work here. We let the auto plants go overseas,” Lutnick said.

However, the new Civiqs/Daily Kos poll showed that 66 percent of Americans do not want to work in factories.

Ultimately, the pain of Trump’s tariffs is just beginning, with items hit by the nonsensical import fees now hitting shelves—or disappearing from shelves altogether.

A recent report from Yale University’s Budget Lab found that Americans can expect the tariffs to cost the average household $2,800.

That sure sounds painful to us.

Reprinted with permission from Daily Kos.

Why Lutnick Displaced Musk As 'Most Loathed' Trump Adviser

Why Lutnick Displaced Musk As 'Most Loathed' Trump Adviser

Commerce Secretary Howard Lutnick, who passionately defended the administration's controversial tariff policy despite the resulting market chaos, is said to be the "most loathed" member of President Donald Trump's Cabinet.

According to a report by The New Republic, Lutnick has displaced tech billionaire Elon Musk as "the most loathed member of Trump's inner circle" for two reasons.

"The first is that he defeated efforts by Treasury Secretary Scott Bessent and National Economic Council Chair Kevin Hassett to limit the size and scope of Trump’s tariffs, which, if we’re lucky, will tip the United States economy into a recession. (If we’re unlucky, the tariffs will tip the global economy into a depression.)," the report said.

"The second reason Trump officials hate Lutnick is that nobody thinks he actually believes the hooey he spouts in furtherance of a maximalist tariff policy. In an administration overflowing with sycophants, no nose is burrowed more deeply inside Trump’s gluteus maximus than Lutnick’s," it added.

The report further notes that until last week, no one was more reviled within the Trump White House than "special government employee" Elon Musk. However, after Musk faced a significant setback with his $25 million investment in the Wisconsin Supreme Court election, which shattered his image of invulnerability, that disdain shifted to Lutnick.

Last moth, Politico quoted a source close to the administration as saying that the commerce secretary “is constantly auditioning for Trump’s approval."

“He’s trying to be a mini-Trump," the individual added.

Politico reported at the time that White House and administration officials were “growing increasingly frustrated with Lutnick." His “abrasive personality” and comments on the media displayed “a lack of understanding of even the basics about how tariffs and the economy work," the officials reportedly thought of Lutnick.

Meanwhile, Lutnick made an appearance on CBS News's Face the Nation on Sunday to advocate for the tariffs.

He said, “We’ve got to start to protect ourselves,” adding, “and we’ve got to stop having all the countries of the world ripping us off. We have a $1.2 trillion trade deficit, and the rest of the world has a surplus with us. They’re earning our money. They’re taking our money, and Donald Trump has seen this, and he’s going to stop it.”

Reprinted with permission from Alternet.

Howard Lutnick

New Commerce Secretary Embodies Same Old Corporate Greed

Howard Lutnick wants to have his cake and eat it, too. Then, he intends to eat your cake. Lutnick is another billionaire corporate huckster who was a campaign bagman for Trump, and now he's to become the commerce secretary. But first, he's been tasked with picking hordes of corporate loyalists to be placed in Trump's government as friendly "regulators" of corporate hucksterism.

Convenient, huh? This is what Trump & Company mean by saying they'll make government "efficient." Instead of corporate powers having to lobby regulators to get special favors, corporate officials will become the regulators. That is so much smoother for Lutnick and his ilk, who look forward to four free-wheeling years of devouring our economy.

In choosing those who are to police corporate price gouging, workplace rules, bank rip-offs and such, Lutnick has been calling Wall Streeters, Silicon Valley tech bosses, corporate giants and billionaires, telling them to send their best operatives to Trump's regime. "Let's get them into government," he exults! Notice that he's not calling any union leaders, consumer protectors or other real public interest watchdogs.

By the way, Lutnick himself is in line to profit from the corporate feeding frenzy he's now staffing. He is invested in everything from health care profiteers to cryptocurrency flimflams, and while he's been doing Trump's work, he's simultaneously been pushing Congress to do favors for his personal holdings. But he insists that there is no conflict of interest in his efforts. After all, he says with a straight face, he holds his government policy meetings in separate rooms from his own business pleadings.

And that paper-thin wall of separation is Trump's new ethical standard for protecting us from raw corporate greed.

Jim Hightower is a national radio commentator and New York Times best-selling author who was twice elected Texas Agriculture Commissioner.

Reprinted with permission from Creators.

Trump’s Choice For Commerce Secretary Leaves Russia Questions Unanswered

Trump’s Choice For Commerce Secretary Leaves Russia Questions Unanswered

IMAGE: Billionaire investor Wilbur Ross, chairman of Invesco Ltd subsidiary WL Ross & Co, departs Trump Tower after a meeting with U.S. President-elect Donald Trump in New York, U.S., November 29, 2016.  REUTERS/Lucas Jackson

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