Folks, regardless of the longevity and impact of these tariffs, the days of every small town having a factory of some kind are not coming back. That is like thinking that if you can some how make a John Deere cotton picker expensive enough, than farmers will revert back to hiring hundreds of field hands to pick a crop.
Nissan reduces planned production cuts
- Thread starter Howiefeltersnstch
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Dysfunction followed so there is an argument that de-industrialization without some appropriate transition ruined some people and communities. Young men in particular in those areas aren't faring well. Capitalism is about creative destruction. Perhaps some price support of some sort, some farmers get lots of subsidies, might be beneficial. That's beyond my pay grade. The sugar cane industry in South Louisiana relies on price supports and foreign labor. Many young American men, especially those with only a high school diploma are having a hard time in life.
If these tariffs work then hell yeah I'll admit I was wrong because that's best for the country. But most economists on the left and right oppose high tariffs and for good reason. I'm center right and I supported DeSantis btw.
Yeah it's mostly the never-trumpers, which include people from both sides, many of which would rather see the country fail, than any of his policies succeed.
I can't stand the mf'er and his cult but I hope his economic policies work bc they directly impact me and my financial future.
So 77 million cult members in the USA?
So the people that vote policy and not person are cult members?
No. Most of those people voted for cheaper cost of living and expect him to make that happen bc the last admin sucked at managing it. "It's the economy, stupid" still plays out today. Swing voters tend to call a spade a spade and won't twist themselves to defend the current admin and will hand Congress back to the opposition party if the current policies don't help them out paycheck to paycheck. That's just how voting cycles work.
I'm referring to the cult that thinks everything he does turns to gold and can do no wrong. The much smaller number that support him the person with no regard to policy. The people praising global trade wars and high tariffs right this moment who will turn right back into free market globalists the second he backs off tariffs and tells them to support free trade.
Jim Jones' cheap *** stole everything from his followers and served them Flavor Aid instead of Kool-Aid. I want the real thing.
Well just click on this so you can see how he is crashing the stock market. And dont even start on that inflation. 2.8 %. Whaaa ? Hitler
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Mattered last admin and matters this admin. Plus, it's dropped another 10% since this screenshot.
what about the cult that hates everything he does because, well, yeah
Was just a token example of the things taken in stride in other countries that would have a collosal impact here. Happens in a number of other industries as well.
Depends on multiple factors. Doesn’t hurt in most cases. But it isn’t the middle class savior that it was 50 years ago.
Has nothing to do with the policies. Has a lot more to do with the private sector continually pushing for the better mousetrap as it pertains to increasing profits, and the lack of willingness for even the uneducated Americans to do the work they used to do for shít wages. If Americans would accept new jobs for $7 per hour to work 8-10 hr shifts - that sometimes rotate every couple of weeks from days to nights and vice versa - then you could make the argument that creating thousands of such jobs en masse could boost several local economies. But they aren’t willing to do that, and they are in Mexico and China. So, what the hell do you expect the private sector to do if you want your 401k to keep going up?
Hell, the policy argument falls on deaf ears immediately when you realize the shít that Trump is doing is in violation of USMCA, which is a policy that his first administration literally wrote. Can’t blame the policy at all when the policy was 17ing written by the dude violating it. Insert “pointing Spider-Man” meme here.
To say the least.
What policies? NAFTA? You mean that thing that Trump already updated 5 years ago for the very reasons you mentioned?
Agree to disagree. Economic health in the US has its ups and downs. But inflation is forever. Prices don’t ever come back down after new price discovery. They only go up less fast.
Again, Trump already did this. NAFTA has already been gone for 5 years. He’s now declaring war on the USMCA, his very own replacement for NAFTA. It’s the damned twilight zone.
Nope.
There is no “maybe”. It’s a 110% certainty.
What kinds of bleak destinations? Like, only getting 8% return on the S&P 500 index? 5% unemployment? What are we talking here?
Why?
Except you’re not going to see what happens. Federal courts are eventually going to strike down half the stuff that Trump is doing, because it’s illegal per the law on the books for at least North America trade agreements.
It’s more like an obese person decide he’s going to start doing coke twice a day, start intermittently fasting, and also start Ozympic shots. He’ll lose weight, but he’s only going to be a total basketcase in 3 years, and will have completely alienated all his buddies who sorely miss the rational, laid back person they used to know.
I am rich and don't give a 17 about tariffs...you all would be rich too if you would quit wasting money on MSU sports and the NIL***
I do appreciate your response selectively quoting my novel. I’m not skilled enough to reply in kind, but I’ll give my best shot.
What bleak outlook? National Debt, Social Security for starters.
Why change what our country has been doing? Those two things above have bills coming due. I’d rather try to tackle it now and get it over with, than kick the can down the road again.
Will future politicians undo it all? I’m not as confident as you. I can see a path to bipartisan support. The labor unions are in favor of it, and they are very connected with the Democratic Party.
Am I wrong? Wouldn’t be the first time.
Am I right? I’m due for one.
I am baffled by the panic (in general, not you). Don’t sell and you haven’t lost anything. Go buy dividend paying stocks, they’re having a sale right now.
I am not following the connection of the tariffs to the deficit, debt, and Social Security.
A year from now you will all be babbling about what a great economy we have and how interest rates are down and inflation is down and Bidens policies finally started working like he said they would.
I presume you are talking about tax revenue? Any projected tax revenue has to be netted by any decreases in tax revenue that the tariffs directly cause. If net income is down because the cost of doing business is going up, it will all net out in the wash. I think I saw the average tariff rate will be around 22%. Guess what the corporate tax rate is? 21%...LOLZ
I suspect this is just a start. The world needs the American Market. They will eat some or all the tariffs until it is negotiated.
https://www.fromtheroad.ford.com/us...or-america-ford-employee-pricing-for-everyone
https://www.fromtheroad.ford.com/us...or-america-ford-employee-pricing-for-everyone