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re: But tariffs don’t work….

Posted on 3/24/25 at 8:23 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:23 pm to
quote:

I have no idea what point you're trying to make but why do I get the feeling it's arse?
Maybe? You argued tariffs in Trumps first term helped the economy. Dd they work or not?
Posted by Jjdoc
Cali
Member since Mar 2016
55570 posts
Posted on 3/24/25 at 8:24 pm to
quote:

And we're wealthier without them.


You still have them moron. Always have.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
472932 posts
Posted on 3/24/25 at 8:24 pm to
quote:

Yeah, but it might happen, and if it does then something happened. They don't know what, but something happening is better than nothing happening.

Sure but if nothing happens, it was 7D Backgammon, anyway
Posted by Azkiger
Member since Nov 2016
27609 posts
Posted on 3/24/25 at 8:25 pm to
quote:

Maybe? You argued tariffs in Trumps first term helped the economy. Dd they work or not?


Trump's economy was better than Biden's and Obama's.
Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:25 pm to
quote:

Well, let's do it this way shall we. You got tariffs. You will get more. And I don't give a frick about your stupidity.
This is BamaATL territory. Outstanding.

quote:

And in 1918, unemployment was 1.4%. In 1929, it was 3.2%.


quote:

All under a rich nation that used tariffs as it's main income.
Yep. Lots of typewriters, too. MTGA!
Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:27 pm to
quote:

Trump's economy was better than Biden's
How can that be? Biden kept almost all of Trump's tariffs. He even raised them in 2024, by a lot..
This post was edited on 3/24/25 at 8:28 pm
Posted by Azkiger
Member since Nov 2016
27609 posts
Posted on 3/24/25 at 8:27 pm to
quote:

How can that be? Biden kept almost all of Trump's tariffs. He even raised them in 2024.


There's more than one variable that determines the health of an economy?

EDIT: Knew this point was going to be arse...
This post was edited on 3/24/25 at 8:28 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
472932 posts
Posted on 3/24/25 at 8:28 pm to
quote:

You still have them moron. Always have.

What is the difference as a % of our GDP?

I believe today it's about 25% what it was in 1940
Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:28 pm to
quote:

There's more than one variable that determines the health of an economy?
According to this thread... there's only one.
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/24/25 at 8:29 pm to
quote:

And in 1918, unemployment was 1.4%. In 1929, it was 3.2%.


Posted by Azkiger
Member since Nov 2016
27609 posts
Posted on 3/24/25 at 8:29 pm to
quote:

According to this thread... there's only one.


Totally not a strawman.
Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:30 pm to
quote:

And in 1918, unemployment was 1.4%. In 1929, it was 3.2%.
And one should compare the size of government relative to GDP then vs. now.

But we're leaving all sorts of things out like transportation speed, ability to communicate, and all sorts of stuff. To pretend the world is just like it was in the early 20th century is silly enough to be dishonest.
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/24/25 at 8:30 pm to
quote:

It's funny how a tweet is somehow summary of an entire economy. Even if we think they double their US foot print (about 5% of one month's job growth) it makes no attempt to quantify the economic losses from increased prices and inflation. Wonderful "proof".


I don't know man...it sure seems like
Rolls-Royce is about to save America.

Posted by Taxing Authority
Houston
Member since Feb 2010
63055 posts
Posted on 3/24/25 at 8:31 pm to
quote:

Totally not a strawman.
you cited it as evidence.
Posted by Azkiger
Member since Nov 2016
27609 posts
Posted on 3/24/25 at 8:33 pm to
quote:

you cited it as evidence.


I, nor did anyone else (at least in this thread), say that tariffs make an economy.

There are obviously lots of variables.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58805 posts
Posted on 3/24/25 at 8:33 pm to
quote:

A trade deficit means you're rich.


Our national debt proves that false, as does over a decade of our debt to GDP ratio.

Try again.
This post was edited on 3/24/25 at 8:35 pm
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/24/25 at 8:34 pm to
quote:

Sure but if nothing happens, it was 7D Backgammon, anyway


Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
472932 posts
Posted on 3/24/25 at 8:34 pm to
quote:

Our national debt proves that false

Has no direct relationship to a trade deficit.

Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58805 posts
Posted on 3/24/25 at 8:36 pm to
quote:

Has no direct relationship to a trade deficit.


Debt to GDP?
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
5885 posts
Posted on 3/24/25 at 8:37 pm to
quote:

It does unless you are sporting a 37 trillion debt. You are smarter than this. The trade deficit and federal debt are not directly related.


Again, you are smarter than this. Trade deficit and federal debt (spending more than you bring in) are a combination to create the total. When you are “rich” you can have a trade deficit as long as your internal income matches the trade deficit. We have done neither for decades. The thought of us over coming our trade deficit by increasing gdp alone is a pipe dream. The thought of us curing our debt/deficit through balanced trades is also a pipe dream. It will take both period. Reduced spending, at least even or surplus trade ratios, reduced interest on the national debt, etc. at the end of the day you have to bring in more than you spend. Unfortunately we also have to deal with 1 trillion in interest on our debt a year. For you to say that our trade deficit means we are rich is ridiculous. You are smarter than this.
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