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re: How do you think Trump is doing with the economy?
Posted on 4/30/25 at 8:15 pm to Yaboylsu63
Posted on 4/30/25 at 8:15 pm to Yaboylsu63
quote:
I’ve noticed the word “nazi” has been replaced with “cultist” a lot lately
You’re right, I stand corrected. The better word is idolaters.
1st Commandment:
You shall have no other gods before Me.
2nd Commandment:
You shall make no idols.
1
Posted on 4/30/25 at 8:23 pm to Yaboylsu63
quote:
quote:y’all believe anything he says and require no accountability from him…cultists. I’ve noticed the word “nazi” has been replaced with “cultist” a lot lately. I guess since nazi didn’t work they are moving on down the line. Wonder what’s next.
Bolshevik was the last one I saw lol
Posted on 4/30/25 at 8:24 pm to Yaboylsu63
A PLUS
Posted on 4/30/25 at 8:26 pm to SwampMonster
quote:
quote:I’ve noticed the word “nazi” has been replaced with “cultist” a lot lately You’re right, I stand corrected. The better word is idolaters. 1st Commandment: You shall have no other gods before Me. 2nd Commandment: You shall make no idols.
Thats rich...you people think about Trump every damn minute of the day.
Posted on 4/30/25 at 8:28 pm to SwampMonster
quote:
y’all believe anything he says and require no accountability from him…cultists.
Or we’ve watched him since the 80s and have a pretty good idea of how he operates. He’s doing everything he said he’d do. Even the “SToCk MaRKeT cRasH!” Has my stocks down 3.5% from feb high but 6% up year over year. Big whoop
I do believe we’ve been on a path to destruction as a country and would rather have successful business folks at the helm to make changes
Posted on 4/30/25 at 8:28 pm to scottydoesntknow
quote:
you people
RACIST!
This post was edited on 4/30/25 at 8:32 pm
Posted on 4/30/25 at 8:29 pm to Trevaylin
quote:
Doge taking a trillion bucks out of the economy will have an impact slowing it down. Economics 101. But if killing waste, fraud abuse occurs and eliminates fed deficit, it's the way to go.
DOGE taking $1 trillion out of the economy? Where did that money come from and could that $1 trillion have been spent outside of mass federal government grifting in a more useful and fiscally responsible manner?
This post was edited on 4/30/25 at 8:34 pm
Posted on 4/30/25 at 8:32 pm to Yaboylsu63
The tax cuts in 2017 were what made his first term a success economically. He inherited much more fragile economy this time, as we’re still dealing with the consequences of bad Covid era monetary and fiscal policy.
The timing of the tariffs and the way it was put together was terrible. It injected a lot more confusion and anxiety into the economy. If there is a drawn out recession, people will blame Trump and the tariffs, and you’ll get an establishment Democrat in 4 years. In reality, there was always going to be a recession because we’re coming down from an inflationary boom and the market has to correct.
The timing of the tariffs and the way it was put together was terrible. It injected a lot more confusion and anxiety into the economy. If there is a drawn out recession, people will blame Trump and the tariffs, and you’ll get an establishment Democrat in 4 years. In reality, there was always going to be a recession because we’re coming down from an inflationary boom and the market has to correct.
This post was edited on 4/30/25 at 8:34 pm
Posted on 4/30/25 at 8:36 pm to The Torch
quote:
my 401k is higher than it’s been in while
This is absolutely BULL CRAP,
Posted on 4/30/25 at 8:46 pm to Bass Tiger
Trump 2.0 is nothing like the first iteration. I think people will be disappointed.
The tariffs aren’t targeted like his first term. He could have put all the pressure on China and galvanized other major trading partners against them. Instead they’ve burned the boats and forced our allies to work deals around us. Big multinationals won’t invest in big capital projects domestically when you don’t know the terms of the deal one week from now, let alone years. Markets and investments depend on some degree of certainty. Trump policy is too mercurial.
Couple that with historically overvalued assets, financial leverage and you have conditions for a deep recession. Just my two cents.
The tariffs aren’t targeted like his first term. He could have put all the pressure on China and galvanized other major trading partners against them. Instead they’ve burned the boats and forced our allies to work deals around us. Big multinationals won’t invest in big capital projects domestically when you don’t know the terms of the deal one week from now, let alone years. Markets and investments depend on some degree of certainty. Trump policy is too mercurial.
Couple that with historically overvalued assets, financial leverage and you have conditions for a deep recession. Just my two cents.
Posted on 4/30/25 at 8:52 pm to DyeHardDylan
In a related issue, Peter Navarro (Ron Vara) needs to go. Guy is a hack. I defended him after democrats had him arrested for missing a hearing, but he’s a moron.
This post was edited on 4/30/25 at 8:53 pm
Posted on 4/30/25 at 8:54 pm to trader_tiger83
quote:
Trump 2.0 is nothing like the first iteration. I think people will be disappointed.
The tariffs aren’t targeted like his first term. He could have put all the pressure on China and galvanized other major trading partners against them. Instead they’ve burned the boats and forced our allies to work deals around us. Big multinationals won’t invest in big capital projects domestically when you don’t know the terms of the deal one week from now, let alone years. Markets and investments depend on some degree of certainty. Trump policy is too mercurial.
Couple that with historically overvalued assets, financial leverage and you have conditions for a deep recession. Just my two cents.
This afternoon I watched Trump welcome the titans of tech and industry into the White House and the total investment in the US from these big corporations is approaching $10 trillion, that's a lot of investment.
Posted on 4/30/25 at 9:14 pm to dallastiger55
quote:
Didn’t he say he’d cut a trillion off the debt in his first 100 days? How’s that going
Doge never had the power to cut. They identified a lot of potential area to cut, and Trump was able to eliminate some things via EO like USAID. The spending that Congress allocates largely cannot be cut via EO. Doge also implemented algorithms in govt agencies that more efficiently identify and eliminate fraudulent payments in govt programs so over time that will cut a lot of waste.
But to get anywhere close to 1 trillion will require Congressional action. The spending and tax bill supposedly will have substantial cuts. We will see
Posted on 4/30/25 at 9:18 pm to mwade91383
Doge found $160 Billion in possible savings with just $33 Billion having documented receipts. Once again, it was another massively exaggerated jerk off by all talk ego maniacs in D.C. There is no "Doge" check coming to the people. Look for more tax cuts for the wealthy as the middle class and small business are intentionally eliminated.
Posted on 4/30/25 at 9:24 pm to Yaboylsu63
The market is fine.
Job numbers up.
Inflation is down.
Gas is down.
Groceries are down.
Trillions of dollars of investment coming into the US.
Making money on tariffs.
Tax cuts coming.
DOGE.
What is there to complain about?
Job numbers up.
Inflation is down.
Gas is down.
Groceries are down.
Trillions of dollars of investment coming into the US.
Making money on tariffs.
Tax cuts coming.
DOGE.
What is there to complain about?
Posted on 4/30/25 at 9:26 pm to Yaboylsu63
It has not affected me one single bit. In fact, several things in my life have came down in pricing.
Posted on 4/30/25 at 9:28 pm to The Torch
quote:
Gas is $2.50 in Texas and my 401k is higher than it’s been in while.
Absolutely terrible way to judge the economy.
Posted on 4/30/25 at 9:56 pm to Yaboylsu63
As good as I expected.
Yes, there is clear “Instability in the economy”. Hopefully, the looming recession won’t be as bad for some of us.
Yes, there is clear “Instability in the economy”. Hopefully, the looming recession won’t be as bad for some of us.
Posted on 4/30/25 at 9:57 pm to TrueTiger
quote:
Doge taking a trillion bucks out of the economy will have an impact slowing it down
Elon Musk said in October he would save $2 trillion, then changed it to $1 trillion earlier this year, and has been changed to $160 billion by the end of the next financial year in 2026.
Right now the estimated savings is $160 billion.
Right now the savings with receipts is $32.5 billion. This includes the $1.9 billion cut for IRS tech support that was cut by the Biden administration and $1.75 billion cut for vaccine research, but it has already been paid.
DOGE is not going to save a trillion
This post was edited on 4/30/25 at 9:58 pm
Posted on 4/30/25 at 10:36 pm to Yaboylsu63
quote:
Is DOGE even eliminating what they find?
I’m not clear on that.. are they just identifying or are they actually cancelling all these payments?
I haven't been following too close, but I do remember seeing announcements of some contracts being cancelled. I think most gov contracts have a cancellation for convenience clause. They also have a cancellation due to lack of funding, so Congress can write them out of future spending bills.
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