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

Why do you believe this? Tax cuts will pay for themselves?

BTW Trump wants Powell gone because he needs a scape goat to blame his tariff/economic failures on. Can you imagine Trump making Fed calls? like every other day to win the 24 hour news cycle? Be very careful what you wish for.

 

I don’t think he has much to gain or lose financially whether this bill passes or not.

 

Except access to other billionaires paying for judges and congress people he wants.....other than that.

DD

 

He being the poster. And he has no access to that.

 

I know a 1/2 % cut would really help the building industry. People with money that build apartment complexes are only building what they have too to keep their key employees employed. Drop interest rates 1/ to 1 % and they will start investing even more money.

 

Seems like you really only care about certain people. Not that Trump will give you the outcome you desire anyways.

 

I care about people who build things having jobs.

In fact I care about all people having jobs. I was just showing how Powell for no good reason is stopping job creation growth. Probably something you can't comprehend.

 

You know what man, out of all the conservatives I have talked to on here, I think you might be the only one who isnt too far gone. I dont think you're dumb or anything. But I do think that your emotions hold you back from thinking clearly.

 

We have lived through 40 years of trickle down economics. It hasn’t worked as was promised then and it won’t now. What happens instead is capital flows to where it is most profitable (China, India, Vietnam, tariffs no tariffs, Doesn’t Matter) and the Capitalist class moves the production line to those countries because they can pay substantially lower wages or ignore regulatory concerns like environmental protections or in the case of China making things at scale for cheap.

All of the offshoring during the 80s, 90s, and 2000s was not because the workers like yourself were bad but because the CEOs are legally obligated to increase value for thr shareholders and if that means moving manufacturing overseas then it gets moved overseas.

When corporations have lower taxes, the retained money doesn’t get passed to workers nor does it lead to lower prices. It leads to stock buybacks and bigger checks for the administrative class. And when the administrative class makes more money, they don’t then use more labor they just buy more capital.

 

What was in my post is true and I don't agree with everything either side does.

 

Investing? Sounds like borrowing

 

Yeah the boomers ****ed us over.

 

^^^
This post is an prime example of why you should go to college and spend at least some time studying economics and finance. Because if you do not, then you'll end up like Ubiquitin and literally have your thoughts be a compilation of bumper sticker slogans Frankenstein'd together to form one long incoherent thought. It's a cautionary tale. Don't go through life this way!


GOOD DAY

 

We haven't had 40 yrs of trickle down economics. What we have had is 40 yrs of Ivy Leaguers running the country.

But the difference is the tariffs will disincentivize shipping jobs overseas.

 

?

 

It's a sinking ship that cant be fixed, hoard money , take care of your self and loved one ,this budget reflects that sentiment