Tag Archives: Alexander Hamilton

The Impact Of The Trump Tariffs

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On Tuesday, Amuse on X posted an article about the impact of President Trump’s tariffs.

The article reports:

Less Than Two Years of Trump Tariffs and Tax Cuts Generated $11.2 Trillion in US Investment 

Biden’s Scoreboard Was $1 Trillion in 4 Years. Trump’s Is $11.2 Trillion in just 20 Months.

This month, in Donaldsonville, Louisiana, Hyundai and POSCO broke ground on a $5.8 billion electric-arc mill built to pour 2.7 million tons of automotive sheet metal a year. It is the first purpose-built automotive mill of its kind in the country, and it anchors Hyundai’s $26 billion American program. Officials put the local effect at 1,300 direct jobs and roughly 4,000 indirect ones, with the first coil targeted for 2029. The steel is meant for vehicle bodies assembled in Alabama and Georgia, coil that would otherwise have been stamped from imported steel. Contractors are already on the site in Ascension Parish.

…Liberation Day tariffs put a charge on access to the American consumer and turned the world’s richest market from a free good into a scarce one. The July 2025 tax law then changed the plant’s return. 100% expensing of equipment and qualified production property lets a firm deduct the full cost of a factory in the year it builds it. Power finished the argument for the projects that swallow electricity. American energy abundance made the American data center and the American fab among the few sites that can feed an AI load at scale. European industrial power is still expensive, and several Asian grids cannot promise the same firm load on a construction calendar, which is why data centers and leading-edge semiconductor fabs keep landing here. Reciprocal trade frameworks did the last piece of work. Tariff relief became a multi-year investment vehicle from Japan, South Korea, Taiwan, the UAE, Saudi Arabia, and Europe’s industrial champions. Lutnick stated the bargain plainly. If you make it here, you don’t pay tariffs, but if you don’t, be prepared to pay to enter the greatest market in the world. Kevin Hassett, the president’s economic adviser, added the tax half. Tariffs are pushing people to onshore activity, and expensing is making them want to invest like crazy.

The article concludes:

Alexander Hamilton wrote in 1791 that a country’s independence and security are materially connected to the prosperity of its manufactures. The Marshall Plan spent about $13 billion in then-dollars, roughly $170 billion today, rebuilding allied industry so that allies could buy American goods. What is underway now runs that sequence the other way. Allied treasuries and allied champions are rebuilding American industrial capacity as the price of admission to the American customer. For four decades America gave its market away and watched the factories follow the giveaway. This term reversed the bargain. If you want the customer, you build the plant here, and in the strategic sectors the taxpayer keeps a warrant. Today, that claim is $11.2 trillion in announced commitments, a steel mill rising in a Louisiana parish, and a stock certificate in the public’s name.

A Governor Who Understands The Purpose Of The Electoral College

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On Thursday, The Hill reported that Nevada’s Democratic Gov. Steve Sisolak on Thursday vetoed the National Popular Vote Interstate Compact, which had been passed by the Nevada Assembly and Senate.

The National Popular Vote Interstate Compact would essentially nullify the Electoral College. However, it will not become effective unless enough states to control 280 electoral college votes pass the measure. The idea is that 280 electoral votes would be a majority of the Electoral College and would elect the person who got the most popular votes. At that point we would live in a county governed by New York and California–two states that have not done a particularly good job of governing themselves. That is exactly what our Founding Fathers were attempting to avoid (as explained by Alexander Hamilton in Federalist 68).

In Federalist 68, Alexander Hamilton stated:

And as the electors, chosen in each State, are to assemble and vote in the State in which they are chosen, this detached and divided situation will expose them much less to heats and ferments, which might be communicated from them to the people, than if they were all to be convened at one time, in one place.

Nothing was more to be desired than that every practicable obstacle should be opposed to cabal, intrigue, and corruption.

The idea was that the Electoral College would give less-populated states a voice in the election of the president. A candidate for president would be required to gain a broad base of support–he would be required to represent the entire country–not just one or two sections.

To illustrate what elections would look like without the Electoral College, let’s look at where the campaign money comes from in elections.

According to opensecrets.org the top donor states are California (22 percent), New York (21 percent), Illinois (7 percent), and Florida (6 percent). The other states provided 44 percent of campaign donations. California has 40 million people; West Virginia has 2 million people. Without the Electoral College, how likely is a presidential candidate to campaign in (or represent) the people in West Virginia? There is a valid reason for the Electoral College.