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re: How far is Trump going to let the market / bond fall
Posted on 4/22/25 at 6:43 am to Datbayoubengal
Posted on 4/22/25 at 6:43 am to Datbayoubengal
quote:
All im saying is that the man has lied a ton. He gave you no real reasons how he would improve the economy except tariffs. People voted and then days after the election, the number one search was "what are tariffs". Another top search was "who pays for tarrifs". Another top search was "how do I change my vote". It's not snobbish to say people are stupid when these are the search terms literally days after the voting was over.
Vote for whomever you want, but got damn people, how in the world did you get duped by Trump again?
Because voters remembered the pre-covid economy and wanted it back. I don’t think people truly thought trump would go Leroy Jenkins on tariffs, since he didn’t in term 1.
Also, at the same time trump was pushing tariffs on the campaign trail, Harris was out there pushing for price controls and taxing unrealized gains.
0
Posted on 4/22/25 at 7:07 am to Datbayoubengal
quote:
All im saying is that the man has lied a ton. He gave you no real reasons how he would improve the economy except tariffs. People voted and then days after the election, the number one search was "what are tariffs". Another top search was "who pays for tarrifs". Another top search was "how do I change my vote". It's not snobbish to say people are stupid when these are the search terms literally days after the voting was over.
I’m not a fan of the tariff execution, but this is a lot of general hogwash.
More people searched for how to change my vote in 2020 than 2024, and it’s not at all surprising that tariffs were searched a lot more in the last 6 months that usual- nearly half this country didn’t think Trump could win and didn’t take him seriously. You seem to be suggesting that a bunch of Trump voters didn’t know what tariffs were but Dems understood it just fine.
Posted on 4/22/25 at 7:16 am to IMSA_Fan
He can ruin it for himself and everyone if he doesn’t get things lined up and heading north by July.
November elections isn’t far away
Posted on 4/22/25 at 10:21 am to slackster
quote:
You have to also genuinely wonder if it can be done at all. For example - With modern technology is manufacturing really going to be the job creator it used to be, or will the current standard of living in the US mean robots are more cost effective in the intermediate to long term?
Idk, man. If that’s the case, our society will need a major overhaul. Maybe the super rich tend to vote democrat because if they keep the “underclass” happy and dependent with just enough, their profits keep going up. But when you have more and more in the unemployed underclass and they greatly outnumber the middle/upper class (because the middle class does seem to be shrinking), what happens? The underclass votes count as much as everyone else’s. I truly don’t know what the answer is.
Posted on 4/22/25 at 12:06 pm to SloaneRanger
quote:
They think stonks only go up.
It’s worse. There’s an entitlement that they must go up and it’s completely warped the markets into something it wasn’t originally intended to do.
Posted on 4/22/25 at 1:00 pm to beaverfever
quote:
We aren’t privy to what was or wasn’t broken
Of course we're "privy" to it, the federal budget is broken and has been broken since at least George Bush II.
The trade deficit in and of itself isn't a problem as long as we're generating more wealth domestically than we're shipping abroad.
The FAR bigger looming problem is federal debt service. Interest on the federal debt is now costing over $1 trillion per year. What are the People actually getting for that $1 trillion we're spending every year? What have the People actually gotten for the $35 trillion we've borrowed? What is our return on that investment?
That's what is broken, not trade.
Posted on 4/22/25 at 1:55 pm to TheWalrus
quote:
People aren’t angry that he hasn’t fixed things, they are angry he’s broken things that weren’t broken.
What did he break? (besides progressive liberals)
Posted on 4/22/25 at 2:01 pm to HailHailtoMichigan!
But all of the House and 1/3 of the senate is up for re-election in 2026, and again all of the House and another 1/3 of the senate is up in 2028.
If incentives aren’t aligned, and things continue to go poorly, I expect Congress will take back some of their power and not just rubber stamp everything. And this will happen before the 2026 elections.
If incentives aren’t aligned, and things continue to go poorly, I expect Congress will take back some of their power and not just rubber stamp everything. And this will happen before the 2026 elections.
This post was edited on 4/22/25 at 2:02 pm
Posted on 4/22/25 at 4:11 pm to Rick9Plus
quote:
our society will need a major overhaul.
UBI
Posted on 4/22/25 at 4:14 pm to Keys Open Doors
quote:
I expect Congress will take back some of their power and not just rubber stamp everything. And this will happen before the 2026 elections.
This isn't the political board so I won't list the fricked up shite this administration is pulling waaayyyy beyond these dumbass tariffs, but I will say that if the GOP members of Congress haven't spoken up yet, they just won't speak up at all. I mean, the admin is basically telling SCOTUS to frick off as we speak.
This post was edited on 4/22/25 at 4:15 pm
Posted on 4/22/25 at 6:38 pm to mmmmmbeeer
quote:
UBI
That’s terrifying if you really think about it and for it to work we’d need pretty much communism.
Posted on 4/22/25 at 10:39 pm to Rick9Plus
Dow nearing 38,000 appears to be when the US changes its rhetoric around tariffs.
Posted on 4/22/25 at 10:46 pm to Rick9Plus
quote:
That’s terrifying if you really think about it and for it to work we’d need pretty much communism.
What happens in 50+ years when 90% of people are unemployable due to AI/robotics being better and cheaper?
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