President Donald Trump
I assume it's still acceptable to have a Trump thread in a Politics forum?
So this is an obvious lie - basically aimed at
Here is the problem. You all are gonna judge this on the short term based off your hate for Trump. There will be short term pain but this is a paradigm shift that this country has needed for a long time. Judging the success of this in just the next few months is wrong viewed. We won't start seeing positive results for about 6 months to a year. It's weird how so many people who don't understand economics have such definitive opinions on this move. I think people don't like America first. I think
The problem is we have loads of history that show sweeping tariffs don’t work and none that they do.
The biggest piece of evidence supporting any of this is a country 1/10th our size and 1/100th our economy and the results there aren’t even great. Their economy was atrocious and now it’s ****.
Our economy has never been atrocious and we have all sorts of scale issues (good and bad) that nobody else in the world has to deal with, or if they do have to deal with it they deal poorly.
This is unprecedented territory and by most educated accounts it looks like us happily passing the torch to China. I feel like this administration has literally given up. And that’s based off historic context not bias
"short term" its gonna be the short medium and probably long term. It takes decades to build manufacturing for some of these industry's (and you dont have the workers). This will be reversed long before that tho as the us economy goes into hell
Here is the problem. You all are gonna judge this on the short term based off your hate for Trump. There will be short term pain but this is a paradigm shift that this country has needed for a long time. Judging the success of this in just the next few months is wrong viewed. We won't start seeing positive results for about 6 months to a year. It's weird how so many people who don't understand economics have such definitive opinions on this move. I think people don't like America first. I think
I mean it's true that a lot of people hate Trump and are immediately ready to discount anything he does (I think he is a pretty clear egomaniacal, megalomaniac with a narcissistic personality disorder and this governs almost all of his actions for example).
Everything else you said is pretty funny. An incredibly small fraction of people who understand economics have a positive opinion of this move.
And even if you somehow want to give him the credit that this is some master plan that will work, then why has the messaging to the american people and all of the actions been so haphazard? Why is there no attempt to explain and sell the real plan?
Also I think the funny thing that gets ignored by people like you is that Biden's regime ran on a very similar vision. They just wanted to bring back american manufacturing through funding and subsidy programs like the CHIPS act that has way more credible positive support among economists.
man tariffs suck and I say this from the right of trump on economics.
you can try to justify them on non economic terms here or there for some stuff, it's usually just an excuse, but in those cases they tend to be less disastrous because being targeted (to a sector or country) they don't disrupt the whole economy too much.
but lol paying more for all imported stuff when you are near full employment in particular is just ******ed.
it's not like you can manufacture everything yourself ESPECIALLY if y
Good post but you miss the point .
People will pay more so government receipts go up -> allowing tax cut in the balance for the top !
That is how you create wealth and a strong economy (baham will confirm this ) !
Less money in people hand and giving it to the top in tax cut will create a much better economy , you know this !
Good post but you miss the point .
People will pay more so government receipts go up -> allowing tax cut in the balance for the top !
That is how you create wealth and a strong economy (baham will confirm this ) !
Less money in people hand and giving it to the top in tax cut will create a much better economy , you know this !
Sounds like a win-win
yeah I think this doesn't last long
Even if it were correct, Americans have no appetite for any type of "take 1 step back to take 2 forward"/"break some eggs to make an omellete" type policy
youre only allowed to nibble around the edges
Seems plausible
At some point all the Silicon Valley billionaire elites swoop in and buy up all the distressed assets
I think there will also be a massive coincidence where the week the billionaires eat up the market will be the week before Trump pivots and lifts a lot of the tariffs.
It will of course just be a coincidence though.
Also, if you're in a recession, but don't want to be, you just change the definition of what a recession is so you aren't in a recession.
Of course, the real original definition of recession didn't happen during Biden's term; the last recession was under Trump.
What actually did happen was the other way - Trump and his supporters managed to convince many Americans that the country was in a recession when we were not.
In fact, the economy was going quite well, and we had nearly completed the lauded "soft landing" of reducing inflation to the Fed's goal number without having a recession.
What are the chances that it will continue now with Trump's tariffs and massive layoffs? Anyone want to make a wager?
I'm wondering how many Trump supporters will turn on him when it becomes clear that a recession has hit, which was caused by Trump, and how many will come up with some excuse about how it wasn't actually his fault, and then the misguided few who will claim that everything is going just swell.
I looked around the Politics forum but couldn't find any discussion of the 25 hour speech.
Just wondering who he was referring to at the very end when he referred to "Madam President"? Is this some kind of weird insult of Trump? Or Vance (the president of the Senate). The previous (Democratic) President Pro Tempore was a woman, but the current one is Charles Grassley.
Hey guys. Nice place you got here.
Why's Russia not tariffed, but Iran and uninhabited Islands are?
Here's my biggest beef with Trump as a person. Honesty has value, so his words are worthless unless his honest goal is to misinform. Every single person has a different idea why he does something because the lies provided make no sense.
It takes a special kind of idiot to rail against biden because of the economy, which was doing quite well, and continue to slurp trump's dick after tanking it.
I'm wondering how much tanking everything Americans are gonna take from the cockwomble before they actually do something about it. I know the newsfeeds will keep lying and lying, but surely when everything gets expensive, pensions tank, jobs disappear etc, they must see the light.
Maybe I am too optimistic.
man tariffs suck and I say this from the right of trump on economics.
you can try to justify them on non economic terms here or there for some stuff, it's usually just an excuse, but in those cases they tend to be less disastrous because being targeted (to a sector or country) they don't disrupt the whole economy too much.
but lol paying more for all imported stuff when you are near full employment in particular is just ******ed.
it's not like you can manufacture everything yourself ESPECIALLY if y
Most of the people posting on this subject are economically illiterate, and are just playing from the partisan politics playbook, so what they have to say isn't really interesting. However, I recently read a "steel man" argument for the tariffs I wanted to run through you (and anyone else that has more to offer than just lizard brain tribalism).
Anyways, many people argue the greatest threat to the future of the US is interest payments on the debt, which has become an unmanageable number. And as such, it is vital to cool down the economy to lower interest rates, so debt can be refinanced at a much lower rate. And the tariffs may facilitate this.
Most of the people posting on this subject are economically illiterate, and are just playing from the partisan politics playbook, so what they have to say isn't really interesting. However, I recently read a "steel man" argument for the tariffs I wanted to run through you (and anyone else that has more to offer than just lizard brain tribalism).
Anyways, many people argue the greatest threat to the future of the US is interest payments on the debt, which has become an unmanageable number. And a
smh
The business channel stays on all day every day in my house. Even the most diehard trump supporters amongst the talking heads think this is incredibly stupid.
lol ****ing stupid MAGAT's. biggest idiots in the world....and bringing the rest of us down with them.
someone will "fix" this....
Trump will lose no support over this. Trump supporters fall in two categories: people who are too fucking stupid to understand basic economy and will trust the process cuz daddy would never hurt them or the sadists who understand this is bad but get off on the pain and frustration MAGA policies cause people
Most of the people posting on this subject are economically illiterate, and are just playing from the partisan politics playbook, so what they have to say isn't really interesting. However, I recently read a "steel man" argument for the tariffs I wanted to run through you (and anyone else that has more to offer than just lizard brain tribalism).
Anyways, many people argue the greatest threat to the future of the US is interest payments on the debt, which has become an unmanageable number.
They don't like... *at all*. Tariffs -> higher chance of recession (and deeper recession than counterfactual, when it comes) -> massive increase in deficit, massive accumulation of extra debt, with stagnating or lowering nominal gdp because of recession -> much higher debt/gdp ratios.
You have higher chance of lower rates on the front end of the interest rate curve sooner yes, but then you accumulate even more debt, on which you pay even more interest later on, unless you are willing to deflate it through inflation, which is a tax anyway but under another name.
US gvmnt interest payments, if you think they are a threat, are to be structurally fixed by lowering the deficit while trying not to wreck the economy too much (so slowly, surgically), and the better you achieve that (the more you cut expenditure which isn't very productive and/or raise taxes in a non-distorsive way) the better.
As "cynical" as it might be, the most unproductive expenditure is that on the elders, the disabled, the chronically unemployed/unemployable.
smh
The business channel stays on all day every day in my house. Even the most diehard trump supporters amongst the talking heads think this is incredibly stupid.
Annual Interest payments on debt are a little under $1 trillion/year now, and are expected to double in the next 10 years.
Do the talking heads think this isn't a problem, or that raising tariffs to cool down the economy is not a good idea to handle the debt problem? What ideas do the talking heads propose?
Trump will lose no support over this. Trump supporters fall in two categories: people who are too ****ing stupid to understand basic economy and will trust the process cuz daddy would never hurt them or the sadists who understand this is bad but get off on the pain and frustration MAGA policies cause people
My twitter feed is all enraged except the radical MAGA accounts that i follow to keep an eye on the tribe.
Accounts that have basically 99% rightwing followers are out with polls about these tariffs finding 20-30-40% against.
There is a sizeable portion of people who voted for Trump , who hate DEI , low skilled immigrants, taxes, regulations, the censorship of the democratic party during covid, vaccine mandates and so on who are adamantly against these tariffs.
And no it isn't just the 2-3% of libertarians who voted trump en masse in 2024 (although those are enough to flip the house in 2026). There is another 5-10% of the country who is clearly right of center and "racist" and "transphobic" according to current leftist labeling but who wants nothing to do with paying 50% more for their clothes for no reason.
Annual Interest payments on debt are a little under $1 trillion/year now, and are expected to double in the next 10 years.
Do the talking heads think this isn't a problem, or that raising tariffs to cool down the economy is not a good idea to handle the debt problem? What ideas do the talking heads propose?
Maybe stop increasing debt, which the republicans are really good at. Maybe don't give the ultra wealthy a trillion dollar tax cut.
No, the talking heads don't see this as nearly as big a problem as a global recession.
Annual Interest payments on debt are a little under $1 trillion/year now, and are expected to double in the next 10 years.
Do the talking heads think this isn't a problem, or that raising tariffs to cool down the economy is not a good idea to handle the debt problem? What ideas do the talking heads propose?
Well objectively for now they aren't a problem.
For the future in several scenarios , they can be
