Functionally self-neutering. Willing to cede all authority to Caesar in exchange for power and wealth.
They’ll blame the devil Penguins, of course. Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins — WIRED
Does anyone really think Donny and this band of dopes he's surrounded himself with are smart enough to tear down the world's greatest economy, 250 years in the making, , and replace it with something better? Serious question. I hope some Trumpers will answer.
I pulled 80% out of stocks. The only reason I didn't pull 100% was because I'd have to pay capital gains taxes on the 20% of my portfolio that isn't tax deferred. But now I wish I'd just sold it all and paid the taxes. Would have come out way ahead.
They are right. When the Trump people brought out that chart, I laughed that they just made up numbers. Then, it turns out that they managed to do something even dumber with their formula. I lacked the imagination for how dumb they could be.
I think they think they are smart enough to. All these people have heard all their lives about the glories of "creative destruction" and the power of markets to do magic.
I love to see all the libbies ITT who are suddenly all about the economy. I am glad you finally seem to care, because you certainly didn't during Biden's term. I for one am glad that you guys have moved away from the diversity crap that you couldn't stop talking about and are wanting to have substantive conversations. Kudos for this thread no matter how misinformed. At least you are trying.
The biggest problem here, if the tariffs are left to stand for any volume of time (I think he pulls the plug in a week), is unemployment. His Doge governmental layoffs caused 100,000+ orders to be unemployed. Those unemployed workers won’t be able tone absorbed into the workforce in a retracting economy. Worse, the restricting economy will put out hundreds of thousands of others on the street. With the recession, people will lose their homes. Then, with the falling prices, those who didn’t lose their homes will have upside down mortgages, causing even more problems. And let’s not forget that with recessions and challenging economic crisis, fraudsters rise to the forefront. But Trump has already stripped us of our regulatory fighters, not to mention his loud signaling to not prosecute white collar criminals. We are in for some very challenging times.
Yeah, the economy was so terrible. Full employment, huge growth in the stock market, real wage growth, especially for the lowest two quartiles, and rapid GDP growth. The primary issues were global goods inflation in 2021-2022, a labor shortage in 2023-2024 (causing inflation in services, especially in low-wage services), and higher home prices. It is tough to imagine how we survived.
I gots to say I am not happy to see the Lunatic Leftist Pubs embrace a command economy, abandon free mkts & give up the virtues of competition.
I have never experienced a Republican president in my life that didnt crater the economy during their time in office. Trump has the rare distinction of it happening twice!
I get that the tariffs are essentially a tax paid by us but what I don't get is why do other countries put up road blocks for buying our goods (through tariffs of their own or whatever). When we have a trade deficit with another country, how do we get that more equal? Or do we just suck it up and say screw it, we don't really want to sell our goods overseas. The tariffs will do one of two things, create a way for the trade imbalances to be negotiated down, or, we start making more things in this country. I prefer the first thing happen since we already have low unemployment but we will have to go through some pain to get there. We are a nation of consumers so that should be a strong negotiating point with the other countries that we have trade imbalances with. The tariffs on small countries that we don't import a lot from doesn't make any sense though.
This is real winning. Temu, Shein, Amazon, etc, won't be able to flood the US with cheap knock-offs. Small businesses (especially e-commerce) will benefit greatly from the minimum duty of $25 and the tariff rate of 30% for all products mailed from China into the USA that previously qualified under the de minimis rule. This is going to cripple them, and they will have to take an extra step and come from another country. Once we figure out what countries or countries are, we will impose duties and tariffs on that country. This will force these countries to police themselves. Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China as Applied to Low-Value Imports
Usually Republicans leave the shitshow from “deregulation” on the way out the door, or there is just enough nuance that morons can deflect blame. They leave a figurative or sometimes literal mess every time. I member W’s crisis and how people responded on here: 100% talking points. About half the rubes reached all the way back to blame Clinton, the other half laughably blamed the crash on “anticipating the Obama administration”. With this tariff nonsense, anyone with at least a couple of brain cells still firing can see the root cause ——>effect. Maybe a few posters will still surprise us and find a way to blame Clinton or Obama or try to find a way to spin economic destruction as a good thing.
I feel like we learned 200 years ago or so that "trade equilibrium" is not a worthwhile goal, but I suppose we thought that vaccines being miracles was established 100 years ago and here we are. Its like when I play one of those computer simulation games and do crazy stuff just to see what happens.
