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Started By
Message
re: Gdp report
Posted on 4/30/25 at 2:41 pm to beaverfever
Posted on 4/30/25 at 2:41 pm to beaverfever
quote:
I don’t think we can afford a recession
This kind of thinking is why we are 37 trillion in debt.
1
Posted on 4/30/25 at 3:10 pm to InkStainedWretch
quote:
I will be honest in saying I don't know what to do with them. Other than say train yourself to find a productive place in today's workforce, or go on UBI.
So a corporatacracy and a giant welfare state, funded by imaginary money. This is the future yall are willing to pass on to the next generations so that yall can live in comfort in retirement.
Posted on 4/30/25 at 3:11 pm to scottydoesntknow
quote:Do you know what happens to the deficit and debt during a recession? They expand quite a bit as both government revenue declines and government spending increases (stimulus).
This kind of thinking is why we are 37 trillion in debt.
Posted on 4/30/25 at 3:18 pm to scottydoesntknow
quote:Their proposals are to increase the deficit substantially, not only above baseline, but they were even significantly above Kamala’s. So they can say or not say whatever they want, but admin and their GOP allies in congress have laid out proposals that show a large increase in the deficit.
Lies. Ive never heard once the administration state this is their plan.
quote:This is obviously never going to happen unless they commit to both large tax increases and large spending decreases. Very few, if any, are even willing to pretend that they’ll do both, and even fewer would ever do it. So if you believe anyone who advocates for a balanced budget isn’t willing to do what is necessary, then you clearly rather base reality on dishonest fantasies, than even an honest fantasy, let alone an honest reality.
The President has said hed sign a balanced budget bill. There is a GOP majority Congress...I wonder why this hasnt happened
Posted on 4/30/25 at 3:24 pm to scottydoesntknow
There are oodles of manufacturing jobs here. There are just no high-paying manufacturing jobs for high school graduates with no skills. I ask again, should the government compel businesses to change their models of operation, and by extension force consumers of all ages to pay higher prices for products, to ensure high-paying middle-class manufacturing jobs for high school graduates who bring no skills to the table?
What is it that makes the hopes and needs and dreams of that particular demographic take precedence over the hopes and needs and dreams of other folks of all ages?
The part about lowering taxes, etc., I am 100% for.
What is it that makes the hopes and needs and dreams of that particular demographic take precedence over the hopes and needs and dreams of other folks of all ages?
The part about lowering taxes, etc., I am 100% for.
This post was edited on 4/30/25 at 3:27 pm
Posted on 4/30/25 at 3:30 pm to buckeye_vol
quote:
Do you know what happens to the deficit and debt during a recession? They expand quite a bit as both government revenue declines and government spending increases (stimulus).
Im well aware of the pitfalls a central planning an economy
This post was edited on 4/30/25 at 3:49 pm
Posted on 4/30/25 at 3:32 pm to wutangfinancial
quote:
Our country’s economy cannot grow without government spending and it’s been this way for over 20 years.
Sounds like all of our growth for the last 20 years has been artificial then.
Posted on 4/30/25 at 3:44 pm to InkStainedWretch
quote:
There are oodles of manufacturing jobs here
False
quote:
I ask again, should the government compel businesses to change their models of operation, and by extension force consumers of all ages to pay higher prices for products, to ensure high-paying middle-class manufacturing jobs for high school graduates who bring no skills to the table?
Interesting how you are framing your stupid questions. These "businesses" dont exist. There arent sock factories and power tool factories with big "help wanted" signs. Nobody is compelling businesses to do anything. Its perfectly fine to say "if you want access to American consumers, you will pay for it, or youll make your products in America. Tariffs are a timeless economic weapon to protect your nation's economy, especially against antagonistic ones that engage in currency manipulation and slave labor.
Posted on 4/30/25 at 3:48 pm to HeadCall
quote:
quote:Our country’s economy cannot grow without government spending and it’s been this way for over 20 years. Sounds like all of our growth for the last 20 years has been artificial then.
Fake economy
MT board thinks their stonks being high has absolutely nothing to do with the govt expanding the money supply 243% in the last 20 years
This post was edited on 4/30/25 at 4:11 pm
Posted on 4/30/25 at 4:14 pm to HailHailtoMichigan!
Part of GDP is Government Spending, which has been one of the main targets of Trump's administration. Honestly, I'm surprised it's not lower. 
Posted on 4/30/25 at 4:25 pm to scottydoesntknow
There are still nearly 15 million Americans working in manufacturing. But socks and power tools are the kind of manufacturing you want back? Aiming low there …
I’m friends with the industrial development authority director in my town. He spends his days chasing manufacturing plants and laughs at people who think that’s the kind of manufacturing he ought to be chasing. He’s chasing jobs with high salaries and good benefits. Sock plants ain’t them.
Those high-paying jobs with benefits require some level of training past high school. Not college, not even a two-year degree, you can get into a job making as much as $50k with a short-term certificate that takes six months to get.
But there are those who simply aren’t going to cotton to any more schooling. They want it to be like it was for their parents and grandparents and great-grandparents, where hard work is enough. They’re enraged because they think something … a tradition, a heritage, a way of life … was taken away from them without them having any say so in the matter, by people who lied to them.
They’re angry and for 40 or 50 years they’ve been looking for someone to be their advocate and gain their vengeance over those who think they’re better than them … that’s another big part of it … and restore the way it used to be.
I’m friends with the industrial development authority director in my town. He spends his days chasing manufacturing plants and laughs at people who think that’s the kind of manufacturing he ought to be chasing. He’s chasing jobs with high salaries and good benefits. Sock plants ain’t them.
Those high-paying jobs with benefits require some level of training past high school. Not college, not even a two-year degree, you can get into a job making as much as $50k with a short-term certificate that takes six months to get.
But there are those who simply aren’t going to cotton to any more schooling. They want it to be like it was for their parents and grandparents and great-grandparents, where hard work is enough. They’re enraged because they think something … a tradition, a heritage, a way of life … was taken away from them without them having any say so in the matter, by people who lied to them.
They’re angry and for 40 or 50 years they’ve been looking for someone to be their advocate and gain their vengeance over those who think they’re better than them … that’s another big part of it … and restore the way it used to be.
Posted on 4/30/25 at 4:44 pm to InkStainedWretch
quote:
There are still nearly 15 million Americans working in manufacturing. But socks and power tools are the kind of manufacturing you want back? Aiming low there …
I suppose playing dumb is your best argument here.
quote:
I’m friends with the industrial development authority director in my town. He spends his days chasing manufacturing plants and laughs at people who think that’s the kind of manufacturing he ought to be chasing. He’s chasing jobs with high salaries and good benefits. Sock plants ain’t them.
Theres plenty of room in this country for high level manufacturing(which doesnt employ that many people) and mid to low level manufacturing. America did just fine when we made all our socks, power tools, and everything else we bought. When you pay your neighbor for the product, he then has money to spend at your business and your other neighbor's business. When you pay China for the product, China and the middlemen corporations get all the money. That money isnt going back into your community.
Its a privilege to sell your products to the US consumer because our ancestors built an economic powerhouse(based off making things) that we still benefit from today. There should have always been a huge penalty for outsourcing manufacturing meant for American consumers overseas to slave wage labor. It was effectively cashing in on the work of previous generations to enrich yourself in the moment...a specialty of Boomers.
Bringing back "sock factories" is the only lifeline we have. What we are doing now where we make a select few high level things(that dont employ enough workers) and the rest of the economy is a consumer, service and government job economy doesnt work. Its a temporary thing that is only propped up by printed money. When everyone acknowledges that the emperor has no clothes, then the whole thing blows up
Posted on 4/30/25 at 4:45 pm to HailHailtoMichigan!
quote:
HailHailtoMichigan
Go take your lexapro
Posted on 4/30/25 at 4:51 pm to TigerMan327
quote:
Growth is artificially down because there was a 41% increase in imports (causing a 5% dip in GDP) because big companies were stocking up for the trade war. Next quarter will most likely have a massive artificial bump because of less imports coming in.
A lot of the job growth was useless government jobs that produced nothing but more debt. That's being trimmed also. It has to be lest we end up with the budget going to little more than debt service.
Posted on 4/30/25 at 4:55 pm to InkStainedWretch
quote:
Those high-paying jobs with benefits require some level of training past high school. Not college, not even a two-year degree, you can get into a job making as much as $50k with a short-term certificate that takes six months to get.
But there are those who simply aren’t going to cotton to any more schooling. They want it to be like it was for their parents and grandparents and great-grandparents, where hard work is enough. They’re enraged because they think something … a tradition, a heritage, a way of life … was taken away from them without them having any say so in the matter, by people who lied to them.
They’re angry and for 40 or 50 years they’ve been looking for someone to be their advocate and gain their vengeance over those who think they’re better than them … that’s another big part of it … and restore the way it used to be.
I dont know why you keep droning on about education after high school. Like no shite, if you learn a skill that not many other people can do, youll have more opportunity.
Young folks absolutely WERE lied to and WERE stolen from. To claim this isnt true is willfull ignorance. Boomers/Xers are FAR MORE better off than their parents were as well as their children at comparable ages AND left the next generations with an insurmountable mountain of federal debt. When Boomers shut down the economy and LIVES of everyone else(who had little to no risk) to protect their necks during Covid, that was THEFT.
You people wanna get on your ivory towers about tariffs being govt overreach....yall can kiss my arse after what yall supported in Covid shutdows
This post was edited on 4/30/25 at 4:57 pm
Posted on 4/30/25 at 4:56 pm to scottydoesntknow
You know, sir, there actually is much we agree on. (I gave you an upvote, FYI). And much we disagree on. Perhaps we can be less disagreeable in discussing things.
I said I don’t have a good answer for what to do with folks who aren’t capable of educating themselves with even a six-month certificate to get in the door at a 21st century manufacturing facility, and I meant that. My .02 is that bringing sock plants, etc., back would be more symbolic than anything, a restoration of something that was taken away.
But the people in question can’t be ignored and nothing I have said should be taken as denigrating them. I told you my daddy and granddaddy worked in a steel mill, and if I denigrate people like them I am denigrating my own blood.
I said I don’t have a good answer for what to do with folks who aren’t capable of educating themselves with even a six-month certificate to get in the door at a 21st century manufacturing facility, and I meant that. My .02 is that bringing sock plants, etc., back would be more symbolic than anything, a restoration of something that was taken away.
But the people in question can’t be ignored and nothing I have said should be taken as denigrating them. I told you my daddy and granddaddy worked in a steel mill, and if I denigrate people like them I am denigrating my own blood.
Posted on 4/30/25 at 4:57 pm to scottydoesntknow
What happened during COVID was caca and there should be repercussions.
Posted on 4/30/25 at 5:01 pm to InkStainedWretch
quote:
You know, sir, there actually is much we agree on. (I gave you an upvote, FYI). And much we disagree on. Perhaps we can be less disagreeable in discussing things.
I agree, I get a little fired up about this and can tone it down some. I have strong feelings about all this despite not being that young and being reasonably well off.
My sister applied for probably about 1000 entry level, full time jobs after graduating college. We have set young people up for failure by telling them to go tens of thousands into debt to get a degree with the promise of a career that doesnt exist
Posted on 4/30/25 at 5:23 pm to HeadCall
Artificial is an exaggeration but financed with debt is not. We’ve been below trend growth for a very long time, which is called a depression if the word wasn’t hijacked as a hyperbolic adjective for the apocalypse.
This post was edited on 4/30/25 at 5:32 pm
Posted on 4/30/25 at 6:19 pm to Auburn1968
quote:
A lot of the job growth was useless government jobs.
Source?
This post was edited on 4/30/25 at 6:20 pm
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