Really explain this then https://www.reuters.com/world/us/16...rump-policies-will-fuel-inflation-2024-06-25/
Ahh yes. So the 25% tariffs against Mexico will be lifted.... once illegal immigration and drugs entering the USA from the Southern Border stop? That's it? I'm sure that will take no time at all......... the USA has been trying to stop illegal narcotics from entering the USA from the Southern Border for nearly 100 years, and illegal immigration has been a fact of life for as long as the USA and Mexico have had a border. The same Mexican government that cannot stop drug production, sale - and cannot stop the world's biggest drug cartels is suddenly going to be able to stop immigration into the USA and also stop drugs from flowing into the USA? This is especially funny considering that literally half of Mexico is under the control of Cartels and not the Mexican government. Also - know what else happens when you limit the market for Mexican goods? You push more Mexicans into the drug trade for survival purposes... This is shaping up wonderful. It is also not lost on me that the state that will be hurt the most by these Tariffs? The big red state of Texas.... Good luck and God Speed
Liberals supporting Biden -- probably got paid to do so. MILLIONS of investors have sent the stock market soaring since Trump was elected. Far more persuasive than 16 liberal economists... some of which at liberal schools and some internationals worried about Trump's America first policies kicking in...
Nah - if Trump and his tariffs and mass deportations cause mass inflation and we go down in flames, that is 100% on him and the people he put in power. The Democrats have lots of issues - and they electorally are paying the price..... but any dumpster fire is squarely on MAGA.
62% of Americans own stock in publicly traded companies. The wealth effect of a higher stock market can power our economy and drive gains in real income.
Kamala is a bad candidate.... In relative terms to someone like Obama. Why? Kamala has issues expanding her thoughts beyond coached talking points. I think the largest difference between a candidate like Obama and a candidate like Harris would be how a debate prep team would train Harris vs Obama. A debate prep team would train Harris to memorize talking points based on situational questions and rhetoric coming from Turnp or the moderator. A debate prep team will coach Obama to memorize individual numbers and statistics and not care to coach Obama on talking points because they understand Obama has no issues elaborating free hand on political topics. He just needs to make sure he doesn't break fact checking mechanisms by uttering incorrect data points. But the key word here is "relative" because if a person went out to vote for Trump because they perceived Harris to be under qualified, then I lose all respect for their intellectual capabilities. If I was a public facing politician I would never say this out loud because I understand it can divide and not help in your political career to say something like this but I have no issue as a private person offending people here but: There are a lot of stupid people who believe Trump's ability to continue rambling without coached talking points is an inherent sign of intelligence but I refer to the homeless schizophrenic who also has this ability. Trump can speak beyond coached talking points but the issue is him expanding on a question like "what should the acceptable marginal tax rate should be for the top 1% ?" as an example would be going on a tangent rant about how ugly Rosie O'Donnell is and that to many American voters is a sign of intelligence which baffles my mind.
Lol I'm one of those 62% with my 401k. The stock market barely affects my month to month expenses. Most of that 62% aren't basing their month to month expenses with the stock market. The percentage of people who base their living off the stock market is a much much smaller percentage.
The problem here is that you arent thinking long term, yea fine stock market can go up in the short term but then what happens?
Some of the biggest economic collapses in modern history occured after a couple years of unprecedented stock market growth. So ya, the stock market isn't a indicator of economic health at all.
Base their living off the stock market? What an absurd test. When you have to move the goal posts.... yeah, you lost the debate.
Check out a long term graph of the stock market's performance. Hint: It goes up as humans improve their knowledge, develop technology, and find new ways of increasing the earnings power of their companies... Can anyone recommend a pain reliever for me? My paddling hand is sore from administering all these beatings to the amateur businessmen around here. (they are not industrialists, that's for sure)
None of this stuff made any difference, Maybe it could have made a difference in 2008 or 2012 when peopel were watching the same news programs. Maybe. it's unclear. The difference was ultimately made by low information voters who want housing prices and just prices overall to go back to where they were in 2019 which is not really possible, but they believed Trump is going to do it when in fact he is doing the exact opposite.
Economy/inflation is undoubtedly one of the biggest reasons he got re-elected IMO. Many people solely blame inflation on Biden/harris (since it all incurred under their admin) and think prices will go back to normal under Trump (aka 2017-2020). You can point out all the reasons that doesn't make sense and how it's more nuanced, but that won't change much. Being president during covid is a tough gig. Trump was president under the beginning of covid (when did it get bad, may 2020?), when groceries were still normal, gas prices and the interest rates were at rock bottom lows and people weren't as fatigued from effects of Covid in day to day life. The worst effects from covid all came in 2021 and 2022.
Buddy the stock market rising isn't what allows a person struggling to pay rent to finally be able to pay rent and have some savings left over for an emergency fund or do some minor investing. The stock market surging can be based on so many factors that diametrically harm the average wage worker. For example, is the stock market surging because a bunch of CEOs are on their mass lay off cycle to inflated stock evaluations? How does mass lay offs help the average American living paycheck to paycheck? The stock market especially in the past twenty years is inflated due to over evaluations from cult of personality tech bros promising things they never planned on delivering. The stock market can rise by pure will of bad faith salesmen making silly claims about their future capabilities.
