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re: The Great Recession of March 3,2025

Posted on 3/4/25 at 10:22 am to
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
47384 posts
Posted on 3/4/25 at 10:22 am to
I don’t know what the end game is here
Posted by WicKed WayZ
Louisiana Forever
Member since Sep 2011
34164 posts
Posted on 3/4/25 at 10:33 am to
Tank the economy and blame it on the libtards most likely
Posted by fareplay
Member since Nov 2012
6586 posts
Posted on 3/4/25 at 10:35 am to
What is this goofy response? You think iPhones should cost $3000? - Dave
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 3/4/25 at 10:38 am to
Bidenomics killed this country. Letting in 15 million illegal aliens and handing out EBT cards and free housing is not a smart economic plan. Also spending trillions on green scam companies. We are now seeing the effects of those terrible decisions


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Posted by jlnoles79
Member since Jan 2014
14475 posts
Posted on 3/4/25 at 10:42 am to
quote:

Bidenomics killed this country. Letting in 15 million illegal aliens and handing out EBT cards and free housing is not a smart economic plan


Neither is imposing tariffs when the economy is shaky and inflation is already an issue
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 3/4/25 at 10:52 am to
quote:

Neither is imposing tariffs


It has to be done to bring back and encourage US manufacturing. The status quo would result in bankruptcy and default in 3 years. So either do nothing and America collapses or at least try and fix the problem and turn things around. There is only 1 choice
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 3/4/25 at 10:54 am to
quote:

Regardless the American consumer is hurt which means less consumption and growth

I fail to see how this is a net positive


Studies world wide have proven this to be false.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 3/4/25 at 10:55 am to
Again, Studies prove this wrong.


Posted by Boss
Member since Dec 2007
1790 posts
Posted on 3/4/25 at 10:56 am to
Can you provide the studies please?
Posted by NoMercy
Member since Feb 2007
4757 posts
Posted on 3/4/25 at 10:58 am to
Per the pussies on this board they can just have stocks go up and beat the US and world economic collapse when we finally hit whatever that magic debt number ends up being. They will survive on digital money they have been accruing that will have no meaning. frick trying to save the worth of what they have been accruing for years because of a correction that could possibly recover relatively quickly. These countries outside of China are in no position to have prolonged tariff wars with the US. The US is the world consumer economy.
This post was edited on 3/4/25 at 11:04 am
Posted by onepiecemayne
Member since Nov 2023
1225 posts
Posted on 3/4/25 at 10:59 am to
Manufacturing back to the U.S...The world isn't operating in the 1950s anymore.
Posted by NoMercy
Member since Feb 2007
4757 posts
Posted on 3/4/25 at 10:59 am to
quote:

Can you provide the studies please?


They being done by the same group that done BR traffic studies. Hold tight. We will be back with you in 10 years.
This post was edited on 3/4/25 at 11:09 am
Posted by Boss
Member since Dec 2007
1790 posts
Posted on 3/4/25 at 11:00 am to
quote:

It has to be done to bring back and encourage US manufacturing. The status quo would result in bankruptcy and default in 3 years. So either do nothing and America collapses or at least try and fix the problem and turn things around. There is only 1 choice


This is a lie. You have no clue if the status quo would result in bankruptcy and default. Becoming a manufacturing nation again isn't the solution. This will cause massive inflation as cost of goods skyrockets due to increased labor charges.

Most major companies outsource labor and find the sweet spot to maximize ROI. By bringing manufacturing back to the US, you will kill efficiency, and it won't work.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11995 posts
Posted on 3/4/25 at 11:01 am to
quote:

Can you provide the studies please?


Of course he can’t lmao. They’ll say the US was at its richest in 1890 lmao, where the GDP was 15 million, not the 29 Trillion it is today. They’ll fail to mention the recession that proceeded after implementation of tariffs.
Posted by SoLaSMB
Member since Feb 2025
84 posts
Posted on 3/4/25 at 11:02 am to
quote:

Manufacturing back to the U.S

While this sounds good, its important to keep in mind lots of these large announcement's have longer investment, construction, hiring and production timelines than 4 years.
Many if not most of these will not be built in Trump's term and some will never happen.

Time will tell
Posted by Dead Mike
Cell Block 4
Member since Mar 2010
4058 posts
Posted on 3/4/25 at 11:02 am to
quote:

Nobody likes going through withdrawals after substance abuse and the daily dopamine hits of easy money for 2 decades or more.

Sobriety sucks at first but is necessary long term. Your body will fight it like hell. It will feel like death in the initial stages. But it's the only way out.


To continue with your analogy, are you aware that withdrawal from some dependencies can actually be deadly?
Posted by IMSA_Fan
Member since Jul 2024
836 posts
Posted on 3/4/25 at 11:03 am to
Wait what are we withdrawing from? These tariffs are new
Posted by NoMercy
Member since Feb 2007
4757 posts
Posted on 3/4/25 at 11:07 am to
Continue abuse of the substances are deadly at a much higher rate. Is there any doubt to that? That substance abuse is abusing the US debt system. Something has to be attempted. I am all for some temporary pain to try any avenue that is not printing money as I think we can all agree that ain’t going to work. The problem is so bad there is not going to be a single fix.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 3/4/25 at 11:12 am to
quote:

Can you provide the studies please?


I can.

Here is one from a 2023 USITC study on the economic impact of the 25% steel and 10% aluminum Section 232 tariffs found that the tariffs had minimal domestic price impacts and boosted domestic production.

The report states, “From 2018 to 2021, section 232 tariffs are estimated to have increased the price of domestically produced steel by about 0.7 percent, on average, and increased the quantity of steel production by about 1.9 percent.

During the same time period, section 232 tariffs are estimated to have increased the price of domestically produced aluminum by 0.9 percent, on average, and increased the quantity of domestic production by about 3.6 percent. The increases in production quantity in the steel and aluminum industries translated to an increase of about $2.25 billion in 2021 for these industries combined.”

I prefer you run a search for that study as I only have it in PDF form.


Here are some more.

- December 2024 Congressional Budget Office (CBO) report estimated that a global 10% tariff would only lead to a 0.6% increase in prices.

- February 2025 study by the Federal Reserve Bank of Boston estimates that Trump’s 25% tariff on Canada and Mexico and 10% on China would only cause an inflation impact of 0.5 to 0.8%.

- CPA’s study on a global 10% tariff. "a global 10% tariff would cause consumer prices to rise by about half a percent per year over an anticipated six-year adjustment period. Meanwhile the benefits include $728 billion in economic growth, 2.8 million additional jobs, and a 5.7% boost in household income."


More so, let's look at the opposite side of things.

An OECD study estimated that globalization lowered annual inflation by only 0.1% in the U.S., and by only 0.2% in the Euro area between 1996 and 2005.

European Economic Review found that imports from low-wage-countries reduced CPI inflation in France by only 0.02% per year from 1994 to 2014.

Bank of Canada concluded that the offshoring of production to China (which now controls 31% of the world’s manufacturing power) only reduced global inflation by 0.07% over the 1990-2006 period.

National Bureau of Economic Research, “Our central estimates suggest net job losses of 2.0 to 2.4 million stemming from the rise in import competition from China over the period 1999 to 2011.”


So we lost our jobs that forced people onto welfare for really no gain. Look at the cost of housing vs pay from 1955 to now. All for what?





Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
17101 posts
Posted on 3/4/25 at 11:13 am to
quote:

You have no clue if the status quo would result in bankruptcy and default.



We are already bankrupt.


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