I DECLARE….

 BANKRUPTCY!

“Because I have invoked FAVORED NATIONS STATUS FOR THE UNITED STATES OF AMERICA, DRUG PRICES ARE FALLING AT LEVELS NEVER SEEN BEFORE, 500%, 600%, 700%, and more. No other President has been able to do this, BUT I HAVE!” Trump proudly touted Saturday on his social media platform Truth Social.

“This is a revolution in medicine, the biggest and most important event, EVER. If this story is properly told, we should win the Midterm Elections in RECORD NUMBERS. I AM THE AFFORDABILITY PRESIDENT. TALK LOUDLY AND PROUDLY!”

MFN is a clause included in international trade agreements.

Most favored nation refers to a status conferred by a clause in which a country promises that it will treat another country as well as it treats any other country that receives preferential treatment. Most favored nation clauses are frequently included in bilateral investment treaties. Under such a clause, if the host state lowers a tariff for one trading partner, it must lower it for all trading partners. The purpose of the most favored nation clause is to ensure equality between trading partners and that benefits later extended to other parties are also extended to the parties making the current agreement.

You don’t “invoke” it; it’s already active. You may complain to a trading partner (or these days, to the WTO), but the U.S. already has that status with most of its trading partners. Or perhaps did, until Trump’s Day of Liberation.

Which is not to overlook the innumeracy of this President. Since none of the drugs I take are putting money back in my pocket, I don’t think prices have dropped more than 100%. It dropped at all, as far as I can tell.

I suppose the Sunday talk shows tomorrow will have to discuss in somber tones the latest Beltway gossip, rather than noticing for even ten seconds that the POTUS is a gibbering loon. Trump’s been saying this for months. Is anyone going to point out it’s absolute nonsense? Or worry about why he keeps saying it?

If this story is properly told, he’d be in a private room in a rest home for the severely demented.