OT: Tariff Economics Discussion
- Thread starter scott in nashville
- Start date
We had a roaring economy, supply chains were recovering, wages were going up and inflation was coming down(spare me your tenths of a decimal point rebuttal).
"I recently showed in the Washington Monthly how Biden easily eclipses Trump in categories such as how much the economy has grown, how much businesses have invested, how much consumers spent after inflation, how many jobs businesses created, and how many new enterprises entrepreneurs started. In every case, Biden’s superior record stands—even if Trump gets a pass for 2020 when the COVID-19 pandemic ravaged the global economy.
However, most voters judge a president’s economic performance by other metrics, namely how much money they’ve earned and how much they can afford to buy with it. Biden easily beats Trump by these metrics as well, too. Focusing on wages and salaries, for example, working Americans earned an average of $3,250 more per year from 2021 to 2023 than from 2017 to 2019, and that’s taking inflation into account."
Based on Incomes, Americans Are a Lot Better Off Under Biden Than Under Trump | Washington Monthly
Despite a spurt of high inflation that has dramatically receded, Joltin’ Joe’s economy is far more robust than that of his oft-indicted predecessor.washingtonmonthly.com
You want to throw out the facts that inflation was increasing and interest rates were rising and valuations were at all time highs. It would be nice if we could just disregard things we don’t like, but that is not reality.
You can pretend the economy was humming, and maybe it was for a certain few, but the majority voted otherwise. I happen to think they were voting with their wallets and the overwhelming majority agreed that inflation was a problem the democrats did not take seriously.
I disagree with the premise that everything was just fine and the economy was great. Voters spoke otherwise, you can’t ignore them.
The market has been propped up by the fed put for too long. We need honest valuations and an honest economy. Part of why BTC is trading $83,000.
Kinda like how you're disregarding a historic drop in the stock market?
Are you telling me that this administration is prioritizing those voters concerns?
The long term priority, yes.
I admit it will be short term pain.
I believe a day of reckoning was coming one way or another. (Obviously had no idea when, although in hindsight I should have listened better) Valuations were high, given enough time they were going to come into line. I don’t retire for another 12-15 years so I’m ok with the volatility. In fact, I will try to capitalize on it because I see opportunity.
Anyone updating their phones and computers before they increase in price?
Updating the families phones today because a few are pretty old.
Bought a new computer too.
Just in case it takes a few years to straighten out.
Updating the families phones today because a few are pretty old.
Bought a new computer too.
Just in case it takes a few years to straighten out.
More than 50% of the population is not like you and they're largely responsible for electing him. After promising those voters he'd start bringing down prices on Day 1, he's done an about face and is intentionally making their lives harder. Let this small business owner explain it to you.
It's crazy how they tried to paint her like some far left moron who didn't know anything and then turned around and elected this senile piece of shit who immediately did what she said he would do to the economy.
All American made trucks/cars, appliances, TV’s, plumbing fixtures and the like at a higher but competitive price sign me up but shirts, shoes, toys, plastic forks and such at 3 times the current price, forget it. We have a current unemployment rate of 4%, where are the workers going to come from. Our legal residents won’t pick crops as it is. Why do we think they will work in factories as laborers for $15-20 per hour? A focused and strategic tariff policy is what most assumed we would have. This current approach is asinine. Those that support it 100% as is should have their brains checked.
Trump and his fan boys have been off the rails for a long time. What was once considered a conservative party no longer exists. To me, John McCain was a conservative who unfortunately teamed with nut job Sarah Palin. Today we are left with a Democratic party out of touch with reality and POT (party of trump) under the thumb of a narcistic griftter who is adept at playing the blame game through heavily biased media to a public audience that by and large seems to have a myoptic view
Trump is incapable of admitting or accepting responsibility for any mistake. Can he even speak in public without reference to "sleepy Joe Biden"? The blame game only helps politicians whose main priority is to stay in office at all costs
China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless “whipping post,” but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN!!!
Donald Trump Truth Social 04/05/25 08:34 AM
The loss extends far from just finance. The fabric for any trust in the US as a dependable ally has been ripped to shreds. We have fast tracked from a beacon of hope to what the hell.
I noted earlier that my belief is he is intentionally trying to create a crisis that will facilitate eliminating the debt ceiling, override the FOMC, creating a sovereign wealth fund and possibly result in dictatorial power with marshal law. Connect the dots
Otherwise, I just have to believe he is either an idiot or senile
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That's correct, not only are we harming ourselves with these worldwide tariffs, but due to our America Worst policies, other countries are looking to other sources for the goods they require, while also boycotting American made products. It will take years if not decades to regain the trust we've lost after this bastard is gone.
Maybe all of those but his main goal IMO is creating a problem that only he can fix so that corporations and foreign countries will have to come to him on all fours begging the king for leniency. That way he can exact a heavy price for removing their tariffs either in the form of donations, firing people that oppose him or worse. It's megalomania on an absurd scale.
I’m not worried about the trust of our allies when the trust in our own government was ripped to shreds
Where was this when inflation was 9% a year and the lower class couldn’t afford shit?
Right now, the present administration is leveraging a regressive tax on everyone that will cost the average family 5k a year. Take your butt out of your head.
Trump’s Trade War Is Setting Up the Next Big Debt Default Wave
China has cheated on tariffs by sending imports to Canada and Mexico first on the way to the US. The new tariffs give China no way to get around it so they are pissy about it....too bad.
China keeps their currency artificially deflated
They steal our technology and military secrets
They bribe our politicians and poison the minds of our children with their control of TikTok
They put tariffs on American goods
So when we actually fight back only 50%, they issue retaliatory tariffs
They’ve been taking advantage of America for decades and hate that the lion is awake
This battle was long overdue so let’s get it on
China keeps their currency artificially deflated
They steal our technology and military secrets
They bribe our politicians and poison the minds of our children with their control of TikTok
They put tariffs on American goods
So when we actually fight back only 50%, they issue retaliatory tariffs
They’ve been taking advantage of America for decades and hate that the lion is awake
This battle was long overdue so let’s get it on
Dude, I didn't lose shit - your accusation is that the millions of protestors that came out today were paid - that's false. I don't know if the organizers received donations from Soros or not but why would it matter? Are you telling me the protestors are fake angry? I know many who were there in various cities and I can promise you they didn't get paid a dime and felt strongly about the cause.
“None of thousands of people that have turned out have received a dime from us or from Indivisible National,” the groups write, a response to claims from Republican leadership that recent public backlash against Trump has been the work of paid protesters. “They are speaking out publicly because they are deeply concerned about the harsh impacts of the new administration. They are exercising their First Amendment right of free speech.”
Local Indivisible Groups Respond To Claim That Their Events Are Paid For By Billionaire George Soros
Traverse Indivisible and Leelanau Indivisible, the co-hosts of a Jack Bergman town hall event scheduled to take place this Saturday at Milliken Auditorium, have issued a joint public response to claims a Bergman staffer made about their event in a recent Ticker article. As The Ticker reported...
FAKE NEWS!!! Yall got caught again.Dude, I didn't lose shit - your accusation is that the millions of protestors that came out today were paid - that's false. I don't know if the organizers received donations from Soros or not but why would it matter? Are you telling me the protestors are fake angry? I know many who were there in various cities and I can promise you they didn't get paid a dime and felt strongly about the cause.
“None of thousands of people that have turned out have received a dime from us or from Indivisible National,” the groups write, a response to claims from Republican leadership that recent public backlash against Trump has been the work of paid protesters. “They are speaking out publicly because they are deeply concerned about the harsh impacts of the new administration. They are exercising their First Amendment right of free speech.”
Local Indivisible Groups Respond To Claim That Their Events Are Paid For By Billionaire George Soros
Traverse Indivisible and Leelanau Indivisible, the co-hosts of a Jack Bergman town hall event scheduled to take place this Saturday at Milliken Auditorium, have issued a joint public response to claims a Bergman staffer made about their event in a recent Ticker article. As The Ticker reported...www.traverseticker.com
lol love it when the party of Elon Musk who is literally handing people $1M checks to vote for his candidates in view of the whole world rolls out a George Soros conspiracy.
I wonder if these people understand the role Peter Thiel played in the creation of JD Vance's political career?
I wonder if these people understand the role Peter Thiel played in the creation of JD Vance's political career?
LOL, You know it's bullshit when they don't provide a link...
FYI, TIPP is known for polling that favors Trump.
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