People write a lot of stupid shit on here. Don't take it so seriously. There's maybe only one or two people on here I wouldn't have a beer with. I don't wish ill will to anyone on here.
Trump's ending the war
- Thread starter snarlcakes
- Start date
I’ve read enough of his shit. What he wrote is disgusting. He can take a brick to the head and I couldn’t care less
Oh yeah giving a 4 trillion dollar tax cut to the millionaires and billionaires is a great thing. While taking away $890 million from Medicaid, taking away meals on wheels, SNAP which feeds poor children and on and on. Yeah and kicking a million people out of their jobs just because you can is really great for the country. Those folks will lose their homes, their opportunities for a descent life. And don’t forget get that 70% of the federal workforce is not in the DC area but rather spread throughout the country. Watch what happens to the economy when a million former federal workers can’t buy groceries, clothes, durable goods etc. Think the economy is will just hum along? You f***ing worshippers of the orange orangutan will get a front row seat to the destruction of the greatest experiment in the history of the world. American Democracy.
These guys don't get it but they are about to find out. My favorite is the MAGAs around me talking about all the manufacturing that will come back onshore. Manufacturing facilities of any size take years to build and corporate leaders know the tariffs may no longer be in place when finalized.
All the negativity they have created with their poorly handled DOGE execution is impacting consumer confidence. Consumers are going to pullback. The shit show is happening so much faster than I thought possible.
Trump jock sniffers, get off this board for a bit and go read the comments section of ANY financial article. Few are happy with how things are headed.
The gov ees who are employable will find jobs. There are always jobs. Those who are sloths will have to downsize. That’s life. Jobs aren’t guaranteed.
As for manufacturing I agree. The obstacles here are so great with all of our regulations that it’s just impossible compared to overseas. Even ignoring the capital costs of starting from scratch here it’s cheaper in so many industries to just pick another country. Too expensive in china. Let’s go to Vietnam then.
You can’t have it both ways. If tariffs don’t lead to on shoring then the size and scope of them are too small and they’ll have little impact on the overall economy. Instead of reading financial articles, just follow what Bessent says. They’re being very transparent with what they’re trying to do.
Trump implemented tariffs his 1st term. What happened? Very little. It didn’t have much impact on the economy.
Trump administration farmer bailouts - Wikipedia
I’m curious when he’s going to lower gas prices. Seems he said he could fix that on day one along with every other perceived ill this country suffers from. Can’t wait till he deports 11M illegal immigrants. In 2022 illegal immigrants paid nearly $47B in federal taxes and $30B in state and local taxes. 25% of farm workers are under paid and overworked immigrants. 17% of construction workers are immigrants. 12% of food service employees are immigrants. Deport them all I say. That will reduce the GDP by 4.2-6.8%. Businesses that employ Americans will shutter because of the cascading effects. Unemployment will skyrocket and you will then reap what you sow. Immigration is a Congressional issue that the spineless refuse to address. Back in W’s administration the gang of 8 had a bipartisan immigration bill promptly killed by the republican majority. Then again a couple years ago another bipartisan bill was worked out but the dancing Orange Orangutan told speaker Johnson to kill it. So you see republicans don’t really want to fix it in a well thought out way. They just want to use it as an election cudgel in order to get re-elected and stay in power. Meanwhile the economy and our standing in the world begins the long process of circling the drain. Enjoy the view from the toilet.
I’ll be surprised if they deport 2 million during his term and a short term drop in GDP (assuming it happens) is well worth it.
What happens to housing prices? Education costs? Healthcare costs? They all go down, Also, what do you think happens to wages for working class Americans? They go up. Deporting illegal immigrants is good for the working class and middle class.
lol….How is unemployment going to increase when we’re deporting low skilled/ low wage workers? The opposite will happen. Do you ever think about what you write?
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It seems self evident. We put tariffs to boost a US segment, other countries respond so we pay those people hurt out of federal funds. Why don't we just pay GM to build parts here and skip all the theatrics?
I have mentioned board gaming, almost all are produced overseas. Tariffs will drive up the cost greatly, American printers are basically double in cost. So prices will go up, it is a low margin industry, and sales will go down. There are more industries like that.
Pro tariff ignores the law of unintended consequences. America will lose exports and those jobs. Americans will pay more.
I don’t know why we need to manufacture cars here. They all suck, except Tesla and some Fords.
I know I deviate from Trump on this topic.
I don't want the government picking the winners and losers. And yes I realize government is picking winners and loser through taxation, but I prefer that to just outright picking companies. And I doubt my wet dream of having a small consumption/sales tax is happening anytime soon, which is irrelevant to this discussion 😁
I've never said there isn't any tradeoffs and I agree increasing taxes will force Americans to pay more for some goods. It's also why I'm not worried about tariffs. I think they will be judicial with them. There are some benefits from tariffs that can help address some of the unintended consequences of being the world reserve currency. 30 years of shipping our jobs overseas has led to a depleted middle class and industrial base. Trying to address those issues, isn't a terrible idea. For example, we might want to be able to produce enough bullets to fight a war because I doubt China is going to send us bullets for paper if a war broke out.
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Better to see American millionaires and billionaires receive the money than giving away to foreign countries!
I have no problem funding DIB or Pharma to keep them here. Government can and should. We should not rely on anyone else.
I know Chamberlain catches a lot of hell for WW2. But he had a brilliant idea. He couldn't get nearly enough money passed to build enough Spitfires to warrant multiple factories. But he did get money to literally build an equip factories in the North that were identical to the ones near London. They were unused until the war started. The idea was simple, if production oustripped what the original factories could do, they would add the North. If the south was bombed, workers could move to the north and not miss a beat. It was brilliant. We could build factories for ammo, artillery, etc, and leave them be unless we need them. That would allow us to ramp up very quickly should we need to.
I know you don't like the dollar, but let's review Bitcoin as an investment. How many jobs does bitcoin create? It is like billionaires investing in art, you can search it, artwork has been a huge investment for the wealthy, and for money laundering (same as bitcoin). But art really doesn't create a lot of jobs. It isn't like Monet is doing much today. And yes, I know bitcoin advocates made a report that says it creates 31,000 jobs. That's about as reliable as tourism studies showing how a big conference brings so many millions into a city. It is all based on faulty premises.
So, big-time investors invest in things like that, creating bubbles from which they can profit (especially since crime helps the bubble with laundering). But they don't create jobs. That money isn't buying state bonds that can build roads and bridges, making the state more productive, it isn't going to corporate stocks and bonds that can be done in R&A, building plants, or hiring people.
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