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

Discussion in 'BBS Hangout: Debate & Discussion' started by SamFisher, Feb 18, 2025.

  1. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    Short term pain for long term gain. It's what is being implemented by the Administration and DOGE to literally save the country from financial ruin down the road. We can't keep spending on this trajectory without torching our currency and building up a debt so high that our creditors will own us. It's a financial issue, and economic issue, and a national security issue. Shocking that this even needs to be explained. You have to really look yourself in the mirror and ask why you would oppose efforts to cut government waste.

    Short term pain for long term gain -- a concept that befuddles the American liberal. They overeat, they get pregnant when they can't support babies, they drop out of school, they commit crimes... They are emotional people that lack the discipline and patience to achieve long term goals. They divorce at high rates and many never marry the mother of their children - and often leave them as single mothers which completely wrecks communities. Most hard core weight lifters are conservatives -- stands to reason. Short term pain for long term gain.

    Oh, BUY STOCKS.

    GOOD DAY
     
  2. adoo

    adoo Member

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    Jim Cramer, former hedge fund manager, Goes Nuclear on Trump Over Stock Market —
    Hits Him With Worst Trump Insult Possible




    His blunt assessment of Trump as the “one man standing in the way of a great economy” captures the essence of the cluelesness that is Trump 2.0.
    But the bigger insult was comparing him to the late President Jimmy Carter, insofar as stagflation.


    We have declining inflation, except the president’s putting on inflationary tariffs.

    We have incredibly low unemployment, except where it’s caused by the Trump administration.

    We have a market that was doing extremely well last year, until the Trump Administration sowed the level of uncertainty that I can’t recall any time
    since the days of stagflation under Jimmy Carter.

    Which is the last time people were really worried about inflation, about stagflation, okay? Back then, stagflation was real.

    Now, Jimmy Carter, curious benchmark, break out the cardigan sweater. I know it’s a brutal comparison. You think I did it idly?

    I cannot think of another president in my lifetime who could knock down the stock market simply by opening his mouth than Jimmy Carter. Eureka! I have found him!

    So let’s look at it this way: Everything about this economy is good. Everything, everything, except one thing. We have a president who’s very angry at everyone,
    except Vladimir Putin. Oh, no, maybe even Vladimir Putin.

    And his wrath has made investors so downcast and so negative that people have just given up. They want nothing to do with stocks, nothing to with this world, because they’re sure
    the White House will keep laying on the tariffs that seem to be wiping out your wealth and my wealth.

    In this environment, it’s a wonder anyone’s buying anything, unless they think that the one person who’s standing in the way of a great economy. One that could have
    incredible growth with lowered inflation, lower oil prices, less regulation, more confidence, will finally change the stripes.

    If Trump can lose the anger, drop the scowl, stop diminishing our friends and rivals while making common cause with our enemies, and generally start acting like
    he did in his first term, well, that would be huge for the stock market!

    As far as the stock markets are concerned, though, we need less Jimmy Carter, more Ronald Reagan. Bottom line, maybe Wednesday isn’t de-liberation day.

    It’s just the day when American investors may be finally liberated from the president’s not-so-pro-business attitude, once he gets the tariffs out of the way.

     
    #582 adoo, Apr 1, 2025
    Last edited: Apr 1, 2025
    HP3 likes this.
  3. TheRealist137

    TheRealist137 Member

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    Most hardcore weight lifters are dumb as fk ... Just like conservatives
     
    Andre0087 likes this.
  4. GOATuve

    GOATuve Member

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    Dumbocrats are by far the worst. You leftists are terrible
     
  5. peleincubus

    peleincubus Member

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    Do you support universal healthcare?
     
  6. No Worries

    No Worries Member

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    If that did not exist in 1776, I suspect not. Any changes since 1776 can be laid at the feet of the "leftists".
     
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  7. Ottomaton

    Ottomaton Member
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    Respectfully, that probably applies to some of our more erudite righties around here, but I'm not sure the poster you are responding to could spell 1776, much less view it contextually in history.
     
    #587 Ottomaton, Apr 2, 2025
    Last edited: Apr 2, 2025
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  8. No Worries

    No Worries Member

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    I am not sure i could spell 1776 either ;)
     
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  9. SamFisher

    SamFisher Member

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    These Tariff rates are absolutely insane, good luck if you bought into today's equities rally lololol


    [​IMG]
    April 2, 2025, 4:29 p.m. ET2 minutes ago
    Ana Swanson
    International trade reporter
    International trade reporter
    Trump says the United States will calculate a tariff rate for other countries based on tariffs and “other forms of cheating.” These tariff rates are quite high. He says China will face a 34 percent tariff, while the European Union will be 20 percent. Japan will be 24 percent and India 26 percent.
    [​IMG]
    [​IMG]

    April 2, 2025, 4:29 p.m. ET2 minutes ago
    Tony Romm
    Economic policy reporter
    Economic policy reporter
    Many of these tariff rates seem much higher than some economists and policymakers had been expecting.
    Advertisement
    Advertisement
    SKIP ADVERTISEMENT
    SKIP ADVERTISEMENT

    [​IMG]
    April 2, 2025, 4:29 p.m. ET2 minutes ago
    Zolan Kanno-Youngs

    Reporting from the Rose Garden
    Trump is now taking his time to display a chart outlining details of his tariffs. It’s unclear if anyone outside of those in the front rows can actually read the very small lettering.

    [​IMG]
    April 2, 2025, 4:28 p.m. ET3 minutes ago
    Alan Rappeport

    Economic policy reporter
    Trump is holding a chart showing reciprocal tariff rates for U.S. trading partners and then saying that he will charge half of that much. There is no explanation for the calculations that he is using to justify the tariffs.
     
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  10. SamFisher

    SamFisher Member

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    US going to get rid of NATO/EU & pivot to Asia in order to counter China by.....CRUSHING THE ECONOMIES OF EVERYBODY IN ASIA WHO IS NOT CHINA
    • China: 34%
    • EU: 20%
    • Vietnam: 46%
    • Japan: 24%
    • UK: 10%
    • South Korea: 25%
    • Thailand: 36%
    • Switzerland: 31%
    • Cambodia: 49%
    • Taiwan: 32%
    • Malaysia: 24%

    THis is just pure mad king bullshit. There is no strategy here, it is another tragic dumb ****ing waste.
     
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  11. SamFisher

    SamFisher Member

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    EVERY COUNTRY IN THE WORLD is going to hate us now, for ****'s sake this is SO STUPID, I can't even be as pithy and sharp as I usually am becuase of the sheer dumbassery of it all.
     
    No Worries likes this.
  12. Surfguy

    Surfguy Member

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    Egg prices came down? I just checked and they are the same for me.
     
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  13. Newlin

    Newlin Member

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    I’ve never seen anyone ramble like this guy does. What an embarrassment.
     
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  14. Andre0087

    Andre0087 Member

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    That's why I never watch him live rather just read about it later. We're all gonna get screwed regardless...
     
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  15. SamFisher

    SamFisher Member

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    They peaked a few weeks ago, but still super high relative to pre Trump

    If we had a functional democracy Trump would be impeached and or 25th Amendmented out of office - just for the last hour of insanity alone.

    Every single business in the US is going to get absolutely decimated by this - the economy is globalized, the biggest beneficiary is the world's economic hegemon - at least, we were

    Now we're just ****ed,l because a bunch of morons got conned into thinking the 2024 economy was bad
     
  16. Reeko

    Reeko Member

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    I love it

     
  17. Reeko

    Reeko Member

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    So high universal tariffs across the board and get rid of income tax? That’s the ultimate goal?
     
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  18. Andre0087

    Andre0087 Member

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    Right out of the Project 2025 handbook: Replace all individual and corporate income taxes with a consumption tax in the long term. This could take the form of a value-added tax well above 45 percent, which would produce an enormous one-time burst of inflation and raise prices.
     
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  19. Surfguy

    Surfguy Member

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    He said they came down 50%…an obvious lie for anyone who grocery shops.
     
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  20. SamFisher

    SamFisher Member

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    There's no goal, this is all just ranting from a senile mental patient


    [​IMG]

    Some of these places are uninhabited!

    Or they don't export anything of value to the US

    This is all just total nonsense - people think it's part of some scheme for buying low or insider trading or a consumption tax whatever - it's not!

    People are doing that, no question... particularly the degenerates in the WH

    .......But trying to read chess into a literal ****ing mental Alzheimer's guy does us all a disservice

    The media helped install a mad King. This is the result.

    That's it!

    Shouldve been more proactive about it instead of stupid
     
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