[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

ur confused, all mixed.

The last 2 POTUS to have enacted tax cuts---catering to the top 1-5% earners---are Repugs

• W enacted tax cuts in 2001 and 2003
  • Dems were the minority in Congress, didn 't have enough votes to counter the bills
• Trump 1.0 enacted another tax cut in 2017
  • Dems were the minority in Congress, didn 't have enough votes to counter the bills

 

Trump telling all the farmers who voted for him to have fun with the oncoming tariffs was chefs kiss

he already decimated them his previous term to the point many had to declare bankruptcy…suicide rates went up

from a 2019 article

National Farmers Union has seen more farmer suicides

A Newsweek article in May detailed a Fox News interview with Patty Edelburg, vice president of the Washington-based National Farmers Union, which represents about 200,000 U.S. farms. In the interview she said, "It has been insane. We've had a lot of farmers—a lot more bankruptcies going on, a lot more farmer suicides. These things are highlighting many of the news stories in our local news."

Trump devastated them so badly they had to get bailed out…then the idiots went and voted for him in 2020, and again in 2024

they will lose their farms and livelihood

u get what u voted for…like Trump said, have fun

 

Domestic steel makers are jacking up prices before the tariffs even hit.

From noted socialists The Cato Institute - Steel Prices Continue To Rise Even Before New Tariffs Take Effect

 

this whole post was a middle school attempt at a gotcha instead of making a single point. It's geared towards impressing the other liberal hyena's. low intelligence people proudly overestimate their abilities and surround themselves with like minded people to reinforce their fragility. I'd rather learn and grow. if you want to be taken seriously by real world people with jobs and families to support, ie too many stakes to care about internet points, you have to prove your intelligence through debate, not middle school gotcha statements.

so --- you disagree with tariffs creating more manufacturing jobs. Explain why. If you use historical precedence, understand time isn't static and there are different macro factors for every situation. i'm not interested in your fantasies about law school and scripted stories from boston legal and the good wife.

 

if only you would not be as this ill-informed.

in the late 1920s, Herbert Hoover started the tariff/trade war, every body got hurt economically, leading to a world wide depression

in 2017, Trump initiated the tariff/trade war, it was a failure, domestic mfg jobs did not increase.

biden passed the infrastructure bill and the CHIP act, domestic mfg activities increased







btw, if only you'd cite one instance where tariffs lead to increase in domestic mfg activities; you can't / won't

 

Why do yall act as if we weren't seeing a manufacturing boom under biden. Quit gas lighting people that we somehow need high tariffs to bring back manufacturing





We don't need dumbass tariffs to do something that was already happening. Quit gas lighting people with your garbage

 

yet Nippon Steel still really wants to buy US Steel. The push to domesticize steel production is not a trump only thing, the greatest disparity between global and domestic prices was under Biden admin.


From a piece written during the Biden admin

Forging Ahead: Nippon Steel’s $14.9 Billion Acquisition of U.S. Steel and its Impact on the Global Market – Michigan Journal of Economics

we hate monopolies, but nothing pushes prices downward faster than streamlining supply chains

 

what I love most about these tariffs is that companies will raise prices, and will keep prices at that higher amount indefinitely making it the new normal…as we saw with Covid

America is winning

 

they’re just trolling their low IQ supporters atp

u know they just sit back and laugh during private meetings or make fun of them in the group chat giggling about how easily the mindless drones eat up all the bullsh*t without a second thought

 

again, you are confused and all mixed-up

the topic of discussion in this thread has been on tariffs; show me that you understand the topic by staying on topic.

your injection of unrelated items, such as Biden admin, Nippon Steel, monopoly, supply chain, etc, is but a sleight-of-hand tactic to divert the discussion away from tariffs.

from this, one can infer that your knowledge on tariffs is relatively thin, thus easily confused and all mixed-up

 

uhh. hawley smoot was signed a year after the depression began, an incorrect and reflexive answer to the ongoing hole the US had dug themselves in. It didn't predate the chain of events.

since you brought it up. right now, the only people spending are the wealthy (U.S. Economy Being Powered by the Richest 10% of Americans - WSJ). the lower middle and poor are on credit just to survive. Even 150k families aren't able to save or have much disposable -- used to be firmly middle class. so it's a very small percent of people who have access to the consumer market and it narrows the field of consumers companies have access to. that's what im a proponent of upping the spending power of that 50% instead of relying on dollar store goods from china and slave labor from mexico (The dem solution). obviously short term construction numbers look great when you have access to millions of workers who don't pay taxes, need health insurance, work for less than min wage etc. legal manufacturing jobs are high skill good wage and create a wealth distribution channel from the top 10% to the actual workforce. as i stated, each time has unique nuances that you can't write off to... well, it didnt work in 1930 so it won't work now. Tariffs have always been a component of increasing domestic manufacturing -- this isn't something democrats disagree with

Exploring the rebirth of American manufacturing | BlackRock

The stick: over the last eight years the government has taken additional steps to increase the competitiveness of the U.S. and its key trade partners through increased tariffs and both import and export restrictions on key technologies like semis and electric vehicles. Tariffs have increased by almost 85% from 2014-202210. These measures are designed to increase trade barriers in critical industries and protect U.S. economic interests.

This is blackrock, key dem advisors

 

that's not how macro works. as the blackrock article shows, it's interconnected factors that work together to produce an intended result. That INTENTION here is increasing domestic manufacturing and giving spending power via quality jobs to the bottom 90%.

Now, we can't say for sure it will exactly be a certain way until the numbers come out in 6 months, 12 months... but I see the intention as genuine and worth the effort

 

in the 1928 presidential campaign, Hoover campaigned heavily on tariff, which got the economic ball rolling further down hill globally

btw,

you still haven't cite one instance in history where tariffs led to an increase in domestic mfg activities.
doesn this amount to an admission that your're wrong?

 

, all this meaningles jibberish just to avoid the topic of tariffs, a topic that you had started

why don't you just admit it, you have no idea what you're talking about
when you made the convenient/baseless chain that tariffs lead to increases in domestic mfg activities



this is the REAL WORLD, intention doesn't mean squat !

 

Yea I def think this is his alt account @Rileydog

 

Actually, no, I’m not trying to impress anyone else. I’m not sure how you missed it, but my single point was quite simple - I am smarter than you by any objective or subjective measure you can think of. I’m the Asian kid with the 1600 SAT that you tried to copy from in high school. I have a very good estimation of my intelligence based on sources that are vastly superior to you - my university professors, law professors, federal and state judges, clients, colleagues and mentors.

As for debate, you are getting your face kicked in by others just fine without me. I hope you learn and grow.

 

Who cares what Trump says. He's a salesman. He sells a product. He does the work no one else does .. I look at intent and ability to get things done. Change comes only with stress and change is needed . This way, whether intentional or unintentional, stress the system and you'll see where the cracks show. If it's a disaster, people will know. You can only spin it so much as the media found out over the past 4 years. Things became unaffordable for middle under Biden and you want to keep it as is .. why? Powell's transitory claim was another salesman doing what his job asked for. Key is to keep an open mind and not get locked into a "it has to be done this way mindset" when it's absolutely not working for the bottom 90%. Trumps previous tariffs were a psych tactic that finally got to the intended effect

China did purchase more U.S. agricultural products in order to meet its agreement to end the trade war in early 2020.

So much of what is being done right now, with exceptions like the crypto scamming, is an attempt at short term pain for long term gain. I'm ready for battle.

 

Oh, so you're the guy that Harvard said had no personality. Sucks you had to deal with institutional racism put into place by liberals. On the plus side, atleast youre a hoot with a ladies!

 

says who

not everything needs a historical precedence, it's a tactic greenspan and powell use to soothe the fears of the press , not one they take seriously

if an economy was that static and not constantly evolving , a history textbook would be all you need to run one