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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • X xenon

    It’s TDS to think the largest tax hike in history should go through Congress.

    jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote on last edited by
    #297

    @xenon said in Trumpenomics:

    It’s TDS to think the largest peacetime tax hike in history should go through Congress.

    For the record (just) one of the tax hikes during WW-2 was higher as a percentage of GDP.

    Only non-witches get due process.

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

      @Renauda said in Trumpenomics:

      @LuFins-Dad

      . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

      Rand Paul is a lonely voice in the current GOP echo chamber.

      He's been accused of having TDS, predictably

      RenaudaR Offline
      RenaudaR Offline
      Renauda
      wrote on last edited by
      #298

      @Doctor-Phibes said in Trumpenomics:

      @Renauda said in Trumpenomics:

      @LuFins-Dad

      . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

      Rand Paul is a lonely voice in the current GOP echo chamber.

      He's been accused of having TDS, predictably

      Yes, and I now have it from an anonymous albeit unimpeachable source that the derangement aspect of TDS has now progressed to the demonization phase. It’s just sooo unfair to the mango Mussolini.

      Elbows up!

      Doctor PhibesD 1 Reply Last reply
      • RenaudaR Renauda

        @Doctor-Phibes said in Trumpenomics:

        @Renauda said in Trumpenomics:

        @LuFins-Dad

        . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

        Rand Paul is a lonely voice in the current GOP echo chamber.

        He's been accused of having TDS, predictably

        Yes, and I now have it from an anonymous albeit unimpeachable source that the derangement aspect of TDS has now progressed to the demonization phase. It’s just sooo unfair to the mango Mussolini.

        Doctor PhibesD Offline
        Doctor PhibesD Offline
        Doctor Phibes
        wrote on last edited by
        #299

        @Renauda said in Trumpenomics:

        demonization

        08e1752c-59ed-4705-9349-ba7d5ce2d36e-image.png

        I was only joking

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #300

          Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

          Only non-witches get due process.

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

            Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

            Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by
            #301

            @jon-nyc said in Trumpenomics:

            Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

            I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

            I was only joking

            LuFins DadL 1 Reply Last reply
            • Doctor PhibesD Doctor Phibes

              @jon-nyc said in Trumpenomics:

              Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

              I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #302

              @Doctor-Phibes said in Trumpenomics:

              @jon-nyc said in Trumpenomics:

              Someone once said that Maga analysis comes in two forms: ‘Trump is DESTROYING his enemies’ and ‘Mr Trump is being treated very unfairly’. Nothing in between.

              I imagine the MAGA people are very disappointed in how disloyal Wall Street is currently being.

              I think the best thing we can do at this point is to nationalize the stock market.

              The Brad

              1 Reply Last reply
              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by
                #303

                Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                Education is extremely important.

                LuFins DadL Doctor PhibesD 2 Replies Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote on last edited by
                  #304

                  Only non-witches get due process.

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

                    JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #305

                    @jon-nyc said in Trumpenomics:

                    It's not current market conditions. They've been consolidating and off-shoring for quite some time.

                    “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
                    • 89th8 Online
                      89th8 Online
                      89th
                      wrote on last edited by
                      #306

                      Whirlpool is an appropriate image right now

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #307

                        And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                        I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.

                        It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.

                        “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

                        HoraceH 1 Reply Last reply
                        • RenaudaR Offline
                          RenaudaR Offline
                          Renauda
                          wrote on last edited by Renauda
                          #308

                          It is also strategic. You cannot depend on steel, aluminum….when those commodities come from adversarial nations or nations prone to a threat of instability.

                          I beg your pardon, Foghorn, but the major source of steel and aluminum imports into the US is Canada.

                          Stop with your bullshit. You understand sweet fuck all. In fact you’re like a blind queer at a weenie roast on this- you don’t know what the hell is happening out there. You’re just making shit up while you carry the water Trumpigula’s catheter bag.

                          Elbows up!

                          1 Reply Last reply
                          • JollyJ Jolly

                            And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                            I understand what Trump is trying to do. I do not know if it will work. It is an attempt to grow the middle class into something more like what the country was when blue collar workers without extensive training could still make enough money to afford a small house and a used car.

                            It is also strategic. You cannot depend on steel, aluminum, chips, etc, for national defense, when those commodities come from adversarial nations or nations prone to a threat of instability.

                            HoraceH Offline
                            HoraceH Offline
                            Horace
                            wrote on last edited by
                            #309

                            @Jolly said in Trumpenomics:

                            And lads and lassies, let me truly invigorate you...Anybody who puts all of his eggs in one (stockmarket) basket is a fool. The market will go up and it will go down.

                            It's where 401ks and IRAs generally are, and that touches a huge swath of people. And it is the report card of corporate health in America, which is where the jobs come from. It is a huge deal, and acknowledging that does not depend on anybody having all their eggs in a single basket.

                            All that said, one would be hard pressed to find a better vehicle for wealth generation than the stock market, over any of our lifetimes. Folksy wisdom about diversification into "something else" would be difficult to justify with historical results. Admittedly, gold has actually held up well over the past 25 years compared to the stock market. Real estate hasn't.

                            Education is extremely important.

                            1 Reply Last reply
                            • JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #310

                              Farmland. Good farmland.

                              Has outperformed the stockmarket since about 1900, IIRC.

                              “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

                              Doctor PhibesD HoraceH 2 Replies Last reply
                              • JollyJ Jolly

                                Farmland. Good farmland.

                                Has outperformed the stockmarket since about 1900, IIRC.

                                Doctor PhibesD Offline
                                Doctor PhibesD Offline
                                Doctor Phibes
                                wrote on last edited by Doctor Phibes
                                #311

                                @Jolly said in Trumpenomics:

                                Farmland. Good farmland.

                                That would certainly explain the smell.

                                I was only joking

                                1 Reply Last reply
                                • JollyJ Jolly

                                  Farmland. Good farmland.

                                  Has outperformed the stockmarket since about 1900, IIRC.

                                  HoraceH Offline
                                  HoraceH Offline
                                  Horace
                                  wrote on last edited by
                                  #312

                                  @Jolly said in Trumpenomics:

                                  Farmland. Good farmland.

                                  Has outperformed the stockmarket since about 1900, IIRC.

                                  Ok, invest in farmland REITs. But that would still be the stock market. And if the REITs aren't the same thing as "investing in good farmland", then I wonder if you're talking about a business involving the ownership of farmland, rather than a set it and forget it investment. My dad's family farm did not exactly make anybody rich, not while they were farming it and not after they sold it, I can tell you that.

                                  Education is extremely important.

                                  1 Reply Last reply
                                  • Doctor PhibesD Offline
                                    Doctor PhibesD Offline
                                    Doctor Phibes
                                    wrote on last edited by
                                    #313

                                    For years, they've been telling us not to rely on Social Security, and invest in 401K's. Now they're fucking the market up for the greater good and yet somehow we're the fools.

                                    I was only joking

                                    1 Reply Last reply
                                    • HoraceH Horace

                                      Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                      LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #314

                                      @Horace said in Trumpenomics:

                                      Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                      Hey, I get a percentage of every sale I make. I’m sure I can twist that to come across as I just got a raise…

                                      The Brad

                                      1 Reply Last reply
                                      • LuFins DadL Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #315

                                        So… Does anybody think new American piano manufacturing will open up? Does European pianos going up so much allow Steinway to raise their prices? Digital pianos just got a lot more expensive, too.

                                        The Brad

                                        1 Reply Last reply
                                        • HoraceH Horace

                                          Tariff report cards will be coming in with every earnings report of every company. Whatever alleged benefits we'll be seeing as Americans will have a very steep hill to climb to overcome those report cards. They will be even worse if companies keep prices low. There is no wiggling out of these consequences, and there's no clear idea of how the benefits are going to be felt by 90%+ of Americans. You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by Doctor Phibes
                                          #316

                                          @Horace said in Trumpenomics:

                                          You have to be hoping to someday land a manufacturing job to be the target audience for these tariffs.

                                          How many people actually want that? And can we really go back to labour-intensive manufacturing, rather than a couple of blokes and a whole shit-ton of robots?

                                          You know what they say about generals preparing to fight the last war....

                                          I was only joking

                                          HoraceH 1 Reply Last reply
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