Scott Lincicome
@scottlincicome
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@CatoInstitute Vice President (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. CH❤️RTS. You didn't read the article, did you? Go @Rangers.
Joined December 2009
🚨NEW TODAY🚨 The @CatoInstitute docuseries, Faces of Globalization, follows real people here and abroad whose lives depend on the global economy in ways that challenge the current conventional wisdom: /1
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"You can go to live in France, but you cannot become a Frenchman. You can go to live in Germany or Turkey or Japan, but you cannot become a German, a Turk, or a Japanese. But anyone, from any corner of the Earth, can come to live in America and become an American" - Reagan, 1988.
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Estimates say President Trump’s tariffs will result in more than $100 billion in new annual revenue to the United States!.
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James Harrison's blood has unique antibodies that fight rhesus disease. So he donated blood every week for 60 years and saved the lives of 2.4M babies. Superheroes are real.
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Today, Trump temporarily eliminated his own tariffs to "protect American car manufacturers and American farmers." . I could watch this a million times.
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All time champion community note. Will never be topped.
We’re lucky turkeys would never do this to us—you don’t have to do it to them, either. Art by @freebison
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"I've got the federal government forcing you to buy from me, and I don't care that you don't like it".
I am a US manufacturer and don’t care that you don’t like tariffs.
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The hysterical response to a private business possibly choosing to show its customers a tax on their receipts is pretty much all you need to know about said tax and said responders.
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The guy who lost money selling steaks, vodka, gambling & football may soon be piloting a global currency war I'm sure it'll be fine.
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Energy Secretary Granholm recently took 4-day EV caravan trip across the southeast to "draw attention to the billions of dollars the White House is pouring into green energy and clean cars.". What happened next is like a scene out of VEEP:
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Eagerly awaiting the CDC's forthcoming "please do not eat llamas" PSA.
Llama antibodies may neutralize COVID and help prevent infections, lab trial finds
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What happens when GameDay goes to a Texas engineering school:
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It'd mean I was a fool for responsibly paying off my loans.
What would canceling all student debt mean for you and your family?.
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Putting both Brazil (widely considered to have relatively high trade barriers) and Singapore (a top free trader) at 10% is a perfect indicator of just how made-up these numbers are.
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Seems weird Trump would demand this since foreign countries pay the tariffs
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Cannot even imagine how hard Bernie took this.
40 years ago today, the "Miracle on Ice" took place in Lake Placid, New York, as the United States Olympic hockey team upset the Soviets, 4-3. (The U.S. team went on to win the gold medal.)
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No Harry Potter. No James Bond. No Godzilla. No Squid Game. No Seven Samurai. No Life Is Beautiful. And on and on. Protectionists actively look for ways to make our lives worse.
Trump now says he’ll tariff foreign films — declaring them a national security threat:
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Such an emotional moment for the Queen and Enrico Palazzo to meet almost 31 years after he saved her life in Los Angeles.
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Unsurprising. That thing withstood decades of implosions.
WATCH IT: The Pontiac Silverdome failed to fall today. The implosion went off but couldn't take down the former home of the Lions.
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My mortgage is also unfair.
Elaine De Leon, a third-year medical student at NYU, borrowed $76,000 to pay for her first year of medical school. She says that if she were to pay it off on a ten-year plan, that debt would increase to $100,000.
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A new, real-world Israeli study shows the Pfizer-BioNTech vaccine is almost 90% effective at stopping COVID-19 transmission (not just symptoms)
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It. it's just. so. so beautiful.
Bernie Sanders' 2020 campaign will limit working hours for organizers to guarantee $15 minimum wage.
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"Canadian woman is diagnosed with cancer, told she has 2 years to live at most, that she is not a candidate for surgery but would she like medical help committing suicide? She declines, comes to the US, spends a lot of money, and is treated within weeks."
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We need a total and complete shutdown of Trump administration officials entering the rest of the country until our country's voters can figure out what the hell is going on.
NEW: Stephen Miller has tested positive for COVID, per senior administration official. Adds Miller has been working remotely for last 5 days, testing negative every day through yesterday, and is in quarantine after a positive test today.
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That MB factory--.- Is in Alabama, not SC (that's BMW).- Employs 6300 Americans & indirectly supports 10k other US jobs in the region.- Invested more than $6B in the US economy (so far).- Produced 4M vehicles in the US since 1997.- Buys from almost 200 US-based suppliers.
Trump: Mercedes-Benz… in South Carolina. They build everything in Germany and they assemble it here. They don’t build cars. They take them out of a box and assemble them. Could have our child do it.
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The same day Trump announces new steel tariffs, US steelmaking giant Nucor informs its US customers of price hikes. Here, it's for rebar - a core input for US construction. A reminder that real-world tariff costs arrive quickly, and you can't escape them by buying American.
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"They're selling us stuff we want at very low prices! This must end!".
Trump: "The entire world is ripping us off". The tariffs will continue until morale improves
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"the United States could, with a stroke of a pen, totally destroy the capacity of Russia to compete militarily or economically with us by offering a green card to any Russian with a technical degree who wishes to emigrate to the United States"
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One great cuisine vs *every* great cuisine. Not a difficult choice.
Americans *genuinely* believe they have better food than France. They really believe it. It’s truly extraordinary.
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Marianne Williamson probably isn't going to be president but I could totally see her as Secretary of Love.
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Your book was literally titled "IN TRUMP WE TRUST"
Sounds like the big sell-out is coming. Oh well. The voters did what we could. If Trump sells out, it's not our fault.
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Not all resources are finite. Take ignorance, for example.
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Imagine a big disaster in a landlocked state; residents begging their fellow Americans for food, medicine, etc; BUT DC blocks the delivery trucks unless they're US-made/owned/operated, AND there are only like 10 eligible trucks & 2 eligible rds. That's Puerto Rico & the Jones Act.
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Enjoy your fruit & vegetable tax, everyone.
Trump says he will implement a 25% tariff on Canada and Mexico on "ALL products coming into the United States" on his first day taking office.
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Hahaha. Five pencils per household. Truly, the Golden Age!.
Trump: "I don't think a beautiful baby girl that's 11 years old needs to have 30 dolls. I think they can have three dolls or four dolls . they don't need to have 250 pencils. They can have five."
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"How did 50K dockworkers strike at US ports with only 25K jobs?"
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A *government* official closed a *public* beach for his personal use, and you blame whatnow?
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Q: How do Communists win twitter arguments?.A: They seize the memes of production.
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The US steel industry produced 90 million tons of steel last year (up 5%) and had 72.5% of the US market.
We must protect our country and our workers. Our steel industry is in bad shape. IF YOU DON’T HAVE STEEL, YOU DON’T HAVE A COUNTRY!.
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Pretty fun watching the guy who ran on tax cuts, lower prices, and military restraint pivot instantly to tax hikes, higher prices, and invading Greenland.
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Imagine thinking this kind of artificial, antiquated poverty is, like, totally fine.
@scottlincicome Oh no, you’ll have to eat what is grown seasonally like we used too.
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When you "like" tweets with a #HappyThanksgiving hashtag, a turkey face appears for a split second. Who needs flying cars?.
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Dems going after dumb, costly regulations and the "licensing officials and regulators" who mindlessly enforce "the rules.". More, please.
BREAKING: Marie Gluesenkamp Perez is one of very few Democrats who won in a heavily red district. Make sure every American sees this video showing off her successful playbook.
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Your periodic - and increasingly urgent - reminder that Congress could stop this tomorrow.
Russell 2000 futures hit their down limit of -7%. Black Monday. Kamikaze’d ourselves to punish the Cambodians.
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But they banned me from the food court.(It wasn't me).Saw me cruisin' at the high school.(It wasn't me) .I even wrote it in her yearbook.(It wasn't me).They even caught me on camera! .(It wasn't me)
Roy Moore now claims he knows none of his accusers, contradicting his earlier defenses
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Mexico isn't paying for The Wall. We are. China isn't paying the tariffs. We are. The tax cuts aren't paying for the spending. We are. Now, guess who's paying for the farmer bailouts. (Spoiler: we are).
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Trump's reciprocal tariffs:.1) Impose hundreds of billions of dollars in new taxes on Americans without public/congressional input.2) Are based on secret calculations that have little, if any, connection to actual foreign trade barriers.3) Ignore all US tariff/non-tariff.
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Win or lose, Tyson deserves a TON of credit for just staying up so late.
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The only reason American coke doesn't use cane sugar today is bc of US tariffs/quotas.
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One more time for those in the back: . Tariffs are a 19th century tool being applied to a 21st century economy.
CHYRSLER-PARENT STELLANTIS SAYS WILL TEMPORARILY LAY OFF 900 U.S. WORKERS IN MICHIGAN AND INDIANA DUE TO IDLING PLANTS IN MEXICO, CANADA FOLLOWING TARIFFS . via @Reuters.
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Maybe the single best thing I've ever heard her say.
It's #NationalYouthDay which seems like a good time to ask: what does Phony Kamala think about young people? . "𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐬𝐭𝐮𝐩𝐢𝐝!" .
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"The study—published on June 23rd in Lancet Infectious Diseases—found that in the first year of vaccine rollout, jabs saved the lives of 19.1m-20.4m people. Without vaccines. roughly three times as many people would have died from covid in 2021 alone.".
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let's do it.
US cheese surplus reaches record high; there is now enough cheese sitting in cold storage to wrap around the U.S. Capitol.
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BioNTech, a 🇩🇪 company founded by a 🇹🇷 immigrant (& the daughter of one), developed their vaccine in March (pre-OWS), & then partnered w/ Pfizer(🇺🇸), run by a 🇬🇷 native, to make it at 🇺🇸/🇧🇪 facilities (using 🇨🇦/🇪🇺/🇺🇸 inputs), & then ship it using their own 🌎 network.
VP Pence: "Only in America could you see the kind of innovation that's resulted in the development of a vaccine in record time."
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Nobody ever tells you that parenthood is basically an infinite series of petty negotiations.
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Walmart's contribution to America's & the world's poor (plus the millions of jobs) is worth many times that $144B. And it's not even close.
Meanwhile, the Walton family of Walmart has a net worth of $144 billion. This is what a rigged economy looks like.
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"Albertsons tells suppliers to eat the cost of tariffs: ‘We are not accepting cost increases’"
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First question: why is a "Grande" the medium?.
I love our country, and I am seriously considering running for president as a centrist independent.
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"Mack Trucks announces layoffs at Lehigh Valley plant, blames tariffs"
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1. The Biden request is alone sufficiently impeachable.2. The quid pro quo is pretty darn clear if you've ever watched a single episode of the Sopranos.3. The Crowdstrike request is (at best) equal parts nuttery & personal obsession.4. And this is the helpful stuff!.
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The easiest way to get the feds to stop the Chinese Spy Balloon is to load it up with American-made goods and try floating it between 2 US ports.
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Don't give up. Don't ever give up.
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This is the equivalent of being awakened by a phone call from your college freshman son, who then leads with "the important thing is that I'm totally fine and everything is totally fine".
Today I convened individual calls with the CEOs of the nation's six largest banks. See attached statement.
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And you'll never believe what happened next!
Hugo Chavez declared the oil belonged 2 the ppl. He used the oil $ 2 eliminate 75% of extreme poverty, provide free health & education 4 all.
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Lifeless stare after impact. Definitely concussed, if not worse. Almost unBEARable to watch.
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TARIFFS NOT ONLY IMPOSE IMMENSE ECONOMIC COSTS BUT ALSO FAIL TO ACHIEVE THEIR PRIMARY POLICY AIMS AND FOSTER POLITICAL DYSFUNCTION ALONG THE WAY
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Truly, the stupidest of times.
Trump: "We were losing hundreds of billions of dollars with China. Now we're essentially not doing business with China. Therefore, we're saving hundreds of billions of dollars. It's very simple."
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Why did the CEO of a Chicago-based educational toy company just sue to stop Trump's "emergency" tariffs?. "We have 500 employees with 500 families who depend on our company for their well-being. And you know, darn it, we're not going down without a fight"
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3 of every 4 🇯🇵 cars sold in 🇺🇸 are made here.Toyota, Nissan, Honda make more cars here than Big 3.🇯🇵 cos made 3.9M cars here, employing 88k
Pres Trump asks Japanese auto makers if they could build their cars in the US and not just ship them over.
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Why is my daughter learning cursive? Might as well learn binary.
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A modern day Monty Python sketch. Delightfully hilarious.
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Upon hearing the news, his wives were speechless.
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Criminal insanity: the EPA just handed out $3 billion in Inflation Reduction Act (Clean Ports Program) subsidies on the strict condition that they NOT involve automation:. (The union is, of course, thrilled.)
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CEO of Norway's $1.6T oil fund:. "There’s a mindset issue in terms of acceptance of mistakes and risks. You go bust in America, you get another chance. In Europe, you’re dead". "We are not very ambitious. [T]he Americans just work harder". "[I]n America you have a lot of AI and.
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Every sentence here is wrong. It's honestly kinda impressive in its wrongness.
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"The death tolls in Italy and New York probably did more to change behavior on the ground than all of Trump’s press conferences or Dr. Anthony Fauci’s TV appearances." Yep. In my experience, most ppl here are staying home bc they believe the risk. Not bc govt is telling them to.
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1. Almost all of the tariff revenue came from US companies/consumers.2. Those billions primarily went to large agribusiness (often more than they lost) .3. Farmers are still worse off over the longer term, & your trade deal is in tatters. Those cleaners are looking pretty good rn.
Biden failed with China. They took us to the cleaners! I got $Billions out of China, and gave much of it to our targeted farmers!.
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"The movement of these industries is toward three states that have one thing in common—no state income tax. And these are the only three states with no income tax in the southeastern quadrant of the US"
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A globalist is just a nationalist mugged by apparel supply chain reality.
Like many American small business owners, Alexo aims to be Made in America. We are working towards that. A message from Alexo CEO Amy Robbins.
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Seizing the means of production to own the libs.
Breaking: Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that would represent an unprecedented intervention into U.S. energy markets.
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