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re: No one wants to say it, but we needed a recession
Posted on 4/6/25 at 11:56 am to Hateradedrink
Posted on 4/6/25 at 11:56 am to Hateradedrink
Well if Powell would lower the rates maybe this all wouldnt be needed
1
Posted on 4/6/25 at 11:57 am to RogerTheShrubber
quote:
If we have a recession, we will get stimuluses backed by nothing but debt.
This has been proven over the past 20 years.
I'm okay with the government issuing debt to stimulate the economy during a recession.
I am against the government issuing debt to stimulate the economy during an expansion.
Posted on 4/6/25 at 12:01 pm to Harry Boutte
quote:
I'm okay with the government issuing debt to stimulate the economy during a recession.
Classic Keynesian ideal.
I
quote:
am against the government issuing debt to stimulate the economy during an expansion.
Yeah, and this has been happening a couple of decades. Its a tacit admission that the economy cant work without artificial stimulus
Posted on 4/6/25 at 12:05 pm to RogerTheShrubber
quote:
Classic Keynesian ideal.
Guilty.
I watched it work, though, in the early 80s under Reagan.
quote:
Yeah, and this has been happening a couple of decades. Its a tacit admission that the economy cant work without artificial stimulus
Exactly.
Posted on 4/6/25 at 12:07 pm to SlayTime
quote:
Not as nice as having stolen classified documents in your [domicile] and not facing charges because you’re too old and mentally unfit, yet you get to be POTUS.
More than one application here.
Posted on 4/6/25 at 12:13 pm to burger bearcat
The expulsion of manufacturing in the 90’s into China has resulted in a 30 year recession. You haven’t noticed because we pumped 35 trillion dollars to prop it up. Six straight presidents that did nothing to stem this illusion. It’s going to hurt and the only way is to manufacture domestically. It’s going to be a rough 50 years unless Trump sells enough gold cards.
Posted on 4/6/25 at 12:17 pm to SDVTiger
quote:
Well if Powell would lower the rates maybe this all wouldnt be needed
I don’t disagree with you on interest rates. I’ve been a defender of you on that one.
FWIW, I think a recession/pullback was coming regardless. It was just waiting for a “trigger”.
The main thing funny to me is how sentiment has completely flip-flopped on the practicality of protectionist policies, stock market crashes, and inflation, based on political leaning.
This post was edited on 4/6/25 at 12:18 pm
Posted on 4/6/25 at 12:18 pm to LSUROXS
quote:
Didn’t we have one under Potato head.
Yes, we had one in 2022 and almost a second one in '23.
The MSM and far left then attempted to rewrite the definition of a recession to run cover for the old pedophile.
Posted on 4/6/25 at 12:19 pm to burger bearcat
Most people who support Trump aren’t bothered by the recession.
Be smart and don’t buy non-necessities for a few months and by Christmas we will be fine.
Be smart and don’t buy non-necessities for a few months and by Christmas we will be fine.
Posted on 4/6/25 at 12:22 pm to SlowFlowPro
quote:
Lower per capita GDP, lower overall GDP, lower wages (especially skewed at the top of the distribution), fewer luxuries, lower GDP growth rate, vastly less innovation, higher cost of goods, and generally the lower standard of living you'd expect from the above. Nobody has given me a good articulation of how a policy aimed at taking from the productive population and decreasing their higher-margin outputs in order to give to the less productive population, increasing lower-margin and economically inefficient output, is optimal for our society overall.
So from Trumps tariff war, this impact will be felt first and foremost in the US?
Posted on 4/6/25 at 12:22 pm to burger bearcat
quote:
No one wants to say it, but we needed a recession
So this is what Orange Muhammad has reduced the Shiite MAGA's to?
Posted on 4/6/25 at 12:41 pm to CollegeFBRules
quote:
If DOGE can truly root out spending, there is hope. I have no issue with USAID being done away with, the Department of Education, anything short of defense, and there’s waste there.
But if Trump is going to rock the market like this, make it mean something. Don’t just reservice the damn debt, take this last term and make it happen. Finally break entitlements.
So far, DOGE has done nothing more than pick largely inconsequential and low hanging fruit. We keep hearing "waste, fraud and abuse". Well fraud is a crime and I'm told mass quantities of it have been committed. Well where are the indictments? Where are the prosecutions? DOGE is a light and sound show and not much else.
Trump is an old style populist Democrat. Entitlements are here to stay.
This post was edited on 4/6/25 at 12:43 pm
Posted on 4/6/25 at 12:49 pm to SlayTime
quote:
So from Trumps tariff war, this impact will be felt first and foremost in the US?
First? Likely not
Foremost? Depends on what we're discussing. From our POV? Yes, because we are at the top and the proportional fall would be lower. A shithole becoming a slightly worse shithole has marginal effect on its population.
Posted on 4/6/25 at 12:51 pm to Hateradedrink
quote:
The main thing funny to me is how sentiment has completely flip-flopped on the practicality of protectionist policies, stock market crashes, and inflation, based on political leaning.
Don't forget tax increases. Remember the TEA party?
Posted on 4/6/25 at 1:02 pm to SlowFlowPro
quote:
First? Likely not
Likely
quote:
Foremost? Depends on what we're discussing. From our POV? Yes, because we are at the top and the proportional fall would be lower. A shithole becoming a slightly worse shithole has marginal effect on its population.
There is no scenario where this is remotely possible and anyone with an ounce of intellectual honesty knows it. It’s emotional fearmongering. Unserious.
Posted on 4/6/25 at 1:04 pm to Harry Boutte
It’s wild. Not pictured here is my shite talking on the leftist forums that haven’t banned me, asking them why they hate taxes all of a sudden.
Posted on 4/6/25 at 1:05 pm to SlayTime
quote:
There is no scenario where this is remotely possible
Where what, exactly, is possible?
Posted on 4/6/25 at 1:10 pm to SlowFlowPro
quote:
If they frick this plan up, we're not ending the recession/depression by pulling back on this tariff policy.
It's unlikely that a depression can happen under current monetary policy.
A nasty case of Stagflation, though is very possible.
Posted on 4/6/25 at 1:11 pm to burger bearcat
Posted on 4/6/25 at 1:39 pm to OMWsux
quote:
How else are rates going to drop to refi the 9tril in commerical debt needed to refi
Sounds like government bail-out to me.
So, the government getting a lower rate on it's own refinancing is a government bailout to you? You're as dumb as the "true conservatives" who have said that MAGA was asking for a bailout for wanting lower taxes.
These are the retards who think they know better than Trump. Morons so deluded with TDS that wanting to keep more of your own money is a "bailout" because they’re so desperate for any reason to Resist Trump!
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