Opinion: Thank You ‘Fewer Toys' Trump, You're a Bigger Grinch than Me
Trump made headlines this week for going all Marie Kondo on the American economy—and I am here for it. During an interview with Meet the Press's Kristen Welker, Trump answered a question about rising prices due to his tariffs on China by declaring his aversion to the excesses of American-style capitalism: 'I don't think that a beautiful baby girl—that's 11 years old—needs to have 30 dolls,' said the President, before continuing later in the interview, 'They can have three.'
In that same interview, he also stated that the nation's rates of pencil ownership have gotten out of control: 'They don't need to have 250 pencils,' he decreed of the sick stationery addicts among us. 'They can have five.'
Exactly right! Families across the nation going broke trying to keep up with the latest pencil innovations. Our strategic graphite reserves at an all-time low. Finally, an American president has the courage to stand up to those b----rds at Dixon-Ticonderoga.
Is it surprising that the President of the United States is now dictating how many dolls, crayons, vaccines or eggs children need? Sure, a little bit. But why should it be? Many of the world's great leaders have advocated for a centrally planned command economy—Josef Stalin and Mao Tse-Tung come to mind.
And funnily enough, I've been making the argument that we waste too much money on cheap plastic cr-p from China to my wife for years, especially at Christmas when the kids were young. 'A Grinch,' she used to call me, a charge I have never denied. So I'm delighted to discover that the First Family hates Christmas as much as I do, although maybe I should have guessed as much during the first Trump administration when Melania apparently took her seasonal decorating theme from The Shining.
Speaking of which, I was also heartened to see Trump's intention to impose 100% tariffs on foreign films. Why do we need to shoot films abroad when we've already got the entire world built to scale in Las Vegas? And why stop there either? I'd also like to see a 100% tariff on subtitles and on elevator music that sounds a little too 'ethnic.'
Economists are warning that the significant impacts of Trump's economic policies should hit our shores this week, as the first Chinese ships to leave port following the imposition of the tariffs begin arriving in the U.S. Speaking with CNN, Gene Seroka, executive director of the Port of Los Angeles, said that 'cargo coming into Los Angeles will be down 35% compared for a year ago.'
Fewer shipping containers means less work for dockworkers, fewer hauls for truckers, fewer products for sale. Will shortages follow? Some economists think so, with consumers likely to experience scarcity and/or price hikes in toys, footwear, glassware, cutlery, furniture, bedding and clothing—as are U.S. companies that rely on China for plastic, iron, steel and electronic components.
One has to wonder whether Trump's message of austerity will fly among his own base. Republican orthodoxy has always been 'buy, buy, buy!' Following 9/11, for example, George W. Bush's message to the nation was, in effect, 'Go shopping.' After any one of our nation's frequent mass shootings, Republicans respond to calls for gun control by saying it isn't a matter of needing to own more guns, but of having the right to own as many as we, the people choose. How many guns do Americans get, Mr. President? Is it more or less than the number of pencils?
We are told that any pain caused by these tariffs is likely to be short-lived. Treasury Secretary Scott Bessent reassured investors at the Milken Institute this week, claiming that, 'the result of the president's economic plan will be more. More jobs, more homes, more growth, more factories, more critical manufacturing plants, more semiconductors, more energy, more opportunity, more defense, more economic security, more innovation.'
That may end up being the case, although it's hard to see where all the new jobs are coming from, or the wood to build all those new homes. It's difficult to envision factories springing up across the heartland paying American wages to American workers. It's difficult to see how cutting ourselves from the world will lead to more opportunity.
But while it's tough to see how destroying our trade relationships creates more economic security (or national security) rather than less, I do agree with the Treasury Secretary that we are likely to see more innovation. After all, nothing inspires creativity like empty shelves.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
DFV Deutsche Familienversicherung AG (HMSE:DFV) insiders have significant skin in the game with 64% ownership
DFV Deutsche Familienversicherung's significant insider ownership suggests inherent interests in company's expansion The top 4 shareholders own 64% of the company Institutions own 16% of DFV Deutsche Familienversicherung Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in DFV Deutsche Familienversicherung AG (HMSE:DFV) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are individual insiders with 64% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. So, insiders of DFV Deutsche Familienversicherung have a lot at stake and every decision they make on the company's future is important to them from a financial point of view. In the chart below, we zoom in on the different ownership groups of DFV Deutsche Familienversicherung. View our latest analysis for DFV Deutsche Familienversicherung Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in DFV Deutsche Familienversicherung. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of DFV Deutsche Familienversicherung, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in DFV Deutsche Familienversicherung. The company's CEO Stefan Knoll is the largest shareholder with 20% of shares outstanding. With 16% and 14% of the shares outstanding respectively, Luca Pesarini and Noah Vogel are the second and third largest shareholders. To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own the majority of DFV Deutsche Familienversicherung AG. This means they can collectively make decisions for the company. That means they own €58m worth of shares in the €90m company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently. The general public-- including retail investors -- own 11% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our data indicates that Private Companies hold 9.5%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph. Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
42 minutes ago
- Yahoo
Governor Newsom addresses U.S. attack on Iranian nuclear sites
(KRON) — California Gov. Gavin Newsom issued a statement on social media Saturday regarding President Donald Trump's announcement that the U.S. has bombed multiple nuclear sites inside Iran. According to Newsom, California is not facing any specific threats related to the attack at this time. 'Following the President's action in Iran, California's State Threat Assessment Center is actively monitoring for any potential impacts in California,' Newsom wrote. 'While there are no specific or credible counter threats we are aware of at this time, we urge everyone to stay vigilant and report suspicious activity.' US bombs three Iran nuclear sites, entering war Trump is scheduled to address the nation regarding the U.S. military's attack on Iran at 7 p.m. The speech will air live on KRON4 and on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
42 minutes ago
- Yahoo
Nancy Pelosi says Trump administration's attack on Iran ‘ignored the Constitution'
(KRON) — Speaker Emerita Nancy Pelosi issued a statement shortly before 8:30 p.m. Saturday in response to the U.S. military's bombing of multiple nuclear sites in Iran. US bombs three Iran nuclear sites, entering war Pelosi criticized the attack, saying that it was performed without Congressional approval and endangers American lives. 'Tonight, the president ignored the Constitution by unilaterally engaging our military without Congressional authorization,' Pelosi said. 'I join my colleagues in demanding answers from the administration on this operation which endangers American lives and risks further escalation and dangerous destabilization of the region.' Governor Newsom addresses U.S. attack on Iranian nuclear sites Gov. Gavin Newsom also issued a statement Saturday following the attack. Click here to watch President Donald Trump's full speech made from the White House Saturday night. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.