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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #35

    Or libel.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • Doctor PhibesD Doctor Phibes

      @jon-nyc said in Trumpenomics:

      S&P now wiped out all post election gains. 3.4T in value

      Maybe Trump will sue Wall Street for being disloyal.

      N Offline
      N Offline
      NobodySock
      wrote on last edited by NobodySock
      #36

      @Doctor-Phibes said in Trumpenomics:

      @jon-nyc said in Trumpenomics:

      S&P now wiped out all post election gains. 3.4T in value

      Maybe Trump will sue Wall Street for being disloyal.

      don't think he hasn't already asked that question out loud to the brains surrounding him. The CBS multi billion dollar suit over edited Kamela Harris interview has to take the cake though. Aren't there repercussions for bringing frivolous lawsuits? Oh I forgot, he's immune. Carry on Donald, whip out your crank and pee in public, you want attention? There's so many more creative way and 4 years to do them. Awww, life must be feeling really good for the King. This close to life prison and the people saved him from the jaws of Bubba. Don't think for one minute should he survive these 4 long years, that he won't have rearranged the order of things and commits to his promise to his people, don't worry , after this election, you won't have to vote anymore. He knows it's straight to prison should he ever leave the oval office. Non of that immunity shit washes in these cases, it's allready been determined.

      1 Reply Last reply
      • N Offline
        N Offline
        NobodySock
        wrote on last edited by NobodySock
        #37

        The true test of our Constitution will be when a judge remands one of them into custody for breaking an order and the judge will be forced to call the US Marshals Service for custody handling. That will be the tipping point.

        1 Reply Last reply
        • jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by
          #38

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          1 Reply Last reply
          • jon-nycJ Offline
            jon-nycJ Offline
            jon-nyc
            wrote on last edited by
            #39

            Meanwhile, China is signing trade agreements.

            IMG_3454.jpeg
            IMG_3455.jpeg

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            taiwan_girlT 1 Reply Last reply
            • jon-nycJ jon-nyc

              Meanwhile, China is signing trade agreements.

              IMG_3454.jpeg
              IMG_3455.jpeg

              taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote on last edited by
              #40

              @jon-nyc Yup. It was obvious that someone (like China) would step into the "void" created by the US pulling out of the global community.

              1 Reply Last reply
              • jon-nycJ Offline
                jon-nycJ Offline
                jon-nyc
                wrote on last edited by jon-nyc
                #41

                I think the popular conception is tariffs affect foreign made widgets for which US made widgets can be easily substituted. The 50 33 numbers tell a different story.

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • jon-nycJ Offline
                  jon-nycJ Offline
                  jon-nyc
                  wrote on last edited by
                  #42

                  What does Reagan think?

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  taiwan_girlT 1 Reply Last reply
                  • jon-nycJ jon-nyc

                    What does Reagan think?

                    taiwan_girlT Offline
                    taiwan_girlT Offline
                    taiwan_girl
                    wrote on last edited by
                    #43

                    @jon-nyc said in Trumpenomics:

                    What does Reagan think?

                    It is interesting that a lot of current politicians hold President Reagan on a pedestal, but then go against everything that he stood for. LOL

                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote on last edited by Horace
                      #44

                      I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

                      I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

                      Education is extremely important.

                      X 1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote on last edited by jon-nyc
                        #45

                        I’m old enough to remember when leftist kids protested the WTO. Remember the big protest in Seattle?

                        I’m not sure what their point was. It’s not clear to me if they did either.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • taiwan_girlT Offline
                          taiwan_girlT Offline
                          taiwan_girl
                          wrote on last edited by
                          #46

                          Most of them I think are from government layoffs

                          U.S.-based employers cut more jobs this February than in any February in 16 years, according to a new report from outplacement firm Challenger, Gray and Christmas.

                          This year, employers announced 172,017 job cuts — the most the shortest month has seen since 2009,

                          and

                          The Labor Department will release the official February jobs report Friday morning.

                          1 Reply Last reply
                          • HoraceH Horace

                            I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

                            I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

                            X Offline
                            X Offline
                            xenon
                            wrote on last edited by xenon
                            #47

                            @Horace said in Trumpenomics:

                            I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

                            I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

                            If you play out the long game. Countries with no trade barriers will eventually overtake you in terms of making things in a cheaper way. Then you’ll have to put more tariffs on to protect yourself from their output.

                            We did tariffs for hundreds of years before we didn’t.

                            I’m on board with tariffs against countries that are doing predatory investments to shake out the market (eg China). But even then… there’s massive benefits to the consumers of other countries that get subsidized goods.

                            1 Reply Last reply
                            • JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #48

                              A Chevy truck has a 10% tariff in Germany, while a German Mercedes has around a 2% tariff in the U.S. Or so I've heard.

                              It needs to be corrected, but Mercedes probably isn't going to dump cars in the U.S. Chinese EV makers, OTOH...

                              “Cry havoc and let slip the DOGE of war!”

                              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #49

                                Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                taiwan_girlT 1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

                                  taiwan_girlT Offline
                                  taiwan_girlT Offline
                                  taiwan_girl
                                  wrote on last edited by
                                  #50

                                  @jon-nyc said in Trumpenomics:

                                  Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

                                  But there are still some articles up. So maybe only that one guy. 🤷

                                  https://www.heritage.org/trade/report/do-no-harm-tariffs-and-quotas-hurt-the-homeland

                                  Tariffs are taxes on Americans, and quotas cut businesses off from valuable goods that provide Americans with more choice.

                                  Imports are integral to the competitiveness of domestic producers—and increasing their prices or limiting imports hurts Americans.

                                  Both tariffs and quotas decrease freedom, disrupt supply chains, and artificially change prices.

                                  1 Reply Last reply
                                  • jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote on last edited by jon-nyc
                                    #51

                                    Reminded again of the Napoleon quote. I’m not surprised every man has his price. I’m surprised how low it is.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote on last edited by
                                      #52

                                      Bessent: Low prices are overrated.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote on last edited by
                                        #53

                                        If the only cheap things in America are the words used by the Trump administration when they tell people that prices don't matter, they are not long for power. Obviously. They must know that.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • HoraceH Offline
                                          HoraceH Offline
                                          Horace
                                          wrote on last edited by
                                          #54

                                          A fuller context of the quote might have to do with standard of living and income relative to prices, which could make some sense, but the runway needed for that sort of momentum in the face of immediately higher prices, is not there.

                                          Education is extremely important.

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