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re: How confident are you that Trump and his team know what they are doing with tariffs?
Posted on 4/10/25 at 11:04 am to 904
Posted on 4/10/25 at 11:04 am to 904
Why now? My guess is that he has one term to do anything. The U.S. is the largest consumer economy in the world. There is power in that that hasn’t been used and it should be used.
1
Posted on 4/10/25 at 11:13 am to deltafarmer
quote:
Why now? My guess is that he has one term to do anything.
So why not in his first term? It was almost equally as unlikely as it was likely that he would ever be reelected.
Did he think to himself, "I've been itching to roll out all of these tariffs and renegotiate these trade deals since the 80's, but I'll probably just save it for my 2nd term even though I think it's critically important." ?
This post was edited on 4/10/25 at 11:17 am
Posted on 4/10/25 at 11:17 am to Street Hawk
Zero confidence.
Posted on 4/10/25 at 11:19 am to JohnnyKilroy
quote:
They divulged all that to you? In my experience, people who are doing shitty financially usually do not go around telling their coworkers and neighbors about it but somehow there's always a few posters in every one of these threads that are surrounded by people who are vocal about drowning in debt
I don’t know what the point of that post even was, besides a big boomer brag. Nothing in it was relevant to this thread
Posted on 4/10/25 at 11:24 am to Street Hawk
Started around 60%. Slowly losing confidence with each passing day. Approaching 0
Posted on 4/10/25 at 11:26 am to LSUA 75
quote:
Their most common excuse was they couldn’t afford to take a pay cut.
This thought process always amazes me. By increasing your 401k contribution you are reducing your taxable income for your paychecks. It is not dollar for dollar on the payroll deduction. Is your paycheck less? Yes, but not by the full amount of the contribution.
Then at tax time that 401k contribution comes straight off the top of your income and reduces your AGI for calculating your total tax obligation. It's amazing to me how many people don't understand these simple facts.
This post was edited on 4/10/25 at 11:30 am
Posted on 4/10/25 at 11:31 am to Harry Boutte
quote:
Now is the time to get our own house in order. The problem is with the government budget deficit, not with the trade deficit.
amen
Posted on 4/10/25 at 11:37 am to 904
That's too reasonable a thought. Don't question a stable genius with a good brain.
I get your point, entirely. He has no one on the brakes who will step on it....except for Bessent, and I think he has ulterior motives.
I get your point, entirely. He has no one on the brakes who will step on it....except for Bessent, and I think he has ulterior motives.
Posted on 4/10/25 at 12:16 pm to 904
I can only guess and you got my guess.
Posted on 4/10/25 at 12:58 pm to deltafarmer
quote:
I can only guess and you got my guess.
My point is that I've been told by multiple people that he's been talking strongly about this since the 2000's, 90's, 80's, etc. and that it should've been no surprise that he's enacted these sweeping tariffs. All part of the plan, etc... But it never happened to anything close to this extent in his first term, and it's also obvious that the markets were surely taken by surprise otherwise this drop would've been baked in when it became apparent that he was going to win the election.
So ultimately, policies such as these don't exactly feel like this was ever truly on anyone's radar, even for the most die-hard Trump fans, and moreso that Trump is more-or-less just flying by the seat of his pants with these tariffs from one moment to the next.
edit: spelling
This post was edited on 4/10/25 at 12:59 pm
Posted on 4/10/25 at 1:35 pm to Street Hawk
This has never been done on this scale before. They are operating on theory at this point.
Posted on 4/10/25 at 1:36 pm to Cold Cous Cous
quote:
It'll work out, or it won't. My opinion won't affect matters either way so there's little point in paying close attention. Learn to stop worrying and love the tariffs.
This post is looking wiser and wiser. Some of y'all haven't read Matthew chapter 6 in a while and it shows.
Posted on 4/10/25 at 1:43 pm to Cold Cous Cous
Here, let me help you pat yourself on the back.
Posted on 4/10/25 at 1:48 pm to 904
quote:
But it never happened to anything close to this extent in his first term, and it's also obvious that the markets were surely taken by surprise otherwise this drop would've been baked in when it became apparent that he was going to win the election.
Not saying you are wrong here, but just for the sake of discussion. It has been something that has beent talked about for a long time. Trump did try and work on this his first term. It wasn't nearly this scale. Well, it only had limited success and some failure the first time. His firs term, most of the rest of the world didn't want to play hardball with China, so this go around, Trump is forcing their hand and to actually support the positions they claim they support, when they have issues with our goods. I think things financially for our country have gotten a lot worse, which probably necessitates some riskier moves as well.
As far as it not being baked into him winning, either people didn't pay attention, didn't believe what he was saying (which is odd considering right or wrong, he largely does exactly what he says), or assumed he or the other countries would balk before it ever gotten inacted. I said it somewhere else on here, but I really can't understand that "out of the blue" attitude that seemed to encompass most around all of this.
This post was edited on 4/10/25 at 1:50 pm
Posted on 4/10/25 at 2:15 pm to GoCrazyAuburn
I could see where he might have reevaluated his first term and decided that a far more aggressive and widespread approach was needed.
I think it's also equally as likely that he knew that the stock market would tank because of these policies which would be unpopular on both sides of the aisle and would be used against him in a reelection attempt. As the other poster was saying, he doesn't have to worry about that now (presumably).
And finally, it also seems entirely possible that he woke up a month ago after failing to secure a ceasefire with Putin and Zelinsky, and needed a new project so "tariffs for everybody" was going to be the next thing to keep him in the spotlight, stay the course with his aggressive policies, and maybe make some money along the way.
I really have no idea as he's very unpredictable, for better or worse, and has changed course several times on just the tariffs alone in the last couple weeks. Which is why...
this is where you start to lose me. You can often find 5 instances of him saying one thing, and then 5 more instances directly contradicting himself previously. Even his most ardent supporters always echo "Democrats take Trump literally but not seriously. Republicans take Trump seriously but not literally." with "literally" being what he says.
It's also why serious money only started to move yesterday after news broke of the 90 day delay, and not when Trump tweeted "This is a great time to BUY", because when everything is always "great", it diminishes the value of his word when he speaks.
I agree with some stuff he does, certainly disagree with other things, but don't really put much stock into what he says until it actually occurs.
I think it's also equally as likely that he knew that the stock market would tank because of these policies which would be unpopular on both sides of the aisle and would be used against him in a reelection attempt. As the other poster was saying, he doesn't have to worry about that now (presumably).
And finally, it also seems entirely possible that he woke up a month ago after failing to secure a ceasefire with Putin and Zelinsky, and needed a new project so "tariffs for everybody" was going to be the next thing to keep him in the spotlight, stay the course with his aggressive policies, and maybe make some money along the way.
I really have no idea as he's very unpredictable, for better or worse, and has changed course several times on just the tariffs alone in the last couple weeks. Which is why...
quote:
which is odd considering right or wrong, he largely does exactly what he says
this is where you start to lose me. You can often find 5 instances of him saying one thing, and then 5 more instances directly contradicting himself previously. Even his most ardent supporters always echo "Democrats take Trump literally but not seriously. Republicans take Trump seriously but not literally." with "literally" being what he says.
It's also why serious money only started to move yesterday after news broke of the 90 day delay, and not when Trump tweeted "This is a great time to BUY", because when everything is always "great", it diminishes the value of his word when he speaks.
I agree with some stuff he does, certainly disagree with other things, but don't really put much stock into what he says until it actually occurs.
This post was edited on 4/10/25 at 2:18 pm
Posted on 4/10/25 at 3:16 pm to 904
quote:
this is where you start to lose me. You can often find 5 instances of him saying one thing, and then 5 more instances directly contradicting himself previously. Even his most ardent supporters always echo "Democrats take Trump literally but not seriously. Republicans take Trump seriously but not literally." with "literally" being what he says.
I was talking more about the things he campaigns on. He says plenty of things where he embellishes and what not, responds to tweets to get reactions.. He for sure trolls. Compared to most recent presidential candidates, he has been one of the better ones at following through with what he campaigned on. Doesn't mean he succeeded in them all, but he generally did what he could to do them.
When it comes to the things he actually campaigns on, not off the cuff comments or tweets he says in response to something, he generally does them (for better or worse). This is another one, he was pretty specific on what his plan was, and did it.
Posted on 4/10/25 at 3:22 pm to Cold Cous Cous
quote:
Matthew chapter 6 in a while and it shows.
Post it on the Jesus board, you dirty sinner.
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