Subject: Re: A counter-punch at the Fed
The governmental reaction is a fine example of shooting the messenger. They decided to go with the "big lie and attack" approach. A more credible spin might have been that "As we promised, the tariffs went into place rapidly, so the economy is now adjusting. Americans are paying a smaller and smaller fraction of the cost as time passes". But of course it's still a tax levied on US importers.

Yeah, there are countless ways they could have spun it better than this, if that was the intent. The arguments and excuses in favor of tariffs are paper thin. At this point, the only real question is whether Hassett and Navarro are speaking from ignorance or from deliberate deception.