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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • taiwan_girlT Offline
    taiwan_girlT Offline
    taiwan_girl
    wrote last edited by
    #713

    Unfortunately, even though I am not an economist, I pretty sure it is not possible to increase labor costs by 10X or so and be able to sell the product (for example iPhone) for the same or lower price. LOL

    1 Reply Last reply
    • X Offline
      X Offline
      xenon
      wrote last edited by xenon
      #714

      It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.

      Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?

      The way Trump talks, he’d take the former.

      HoraceH 1 Reply Last reply
      • X xenon

        It’s not even particularly desirable. An iPhone sells for $1000, costs about $400 to make and about $100 of that value is driven by China.

        Would we rather have Huawei in America with $100 going to American manufacturing (just assume that’s possible) - or the current state of an American company (Apple) with $100 going to China?

        The way Trump talks, he’d take the former.

        HoraceH Offline
        HoraceH Offline
        Horace
        wrote last edited by
        #715

        @xenon said in Trumpenomics:

        It’s not even particularly desirable.

        No, it's all an idiotic fever dream, cooked up by maybe the only two economists in the world who think tariffs cause prosperity, and the intuitions of Trump.

        Education is extremely important.

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote last edited by
          #716

          The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

          The Brad

          JollyJ 1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote last edited by
            #717

            Indeed they did. I had an 86 ford tempo in 1990, already a cheap used car by then, that almost bankrupted me with repair bills.

            Only non-witches get due process.

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

              I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.

              JollyJ Offline
              JollyJ Offline
              Jolly
              wrote last edited by
              #718

              @jon-nyc said in Trumpenomics:

              I agree he doesn’t want to be known as the guy that destroyed the economy. I think the problem is he thinks these tariffs really will usher in a new era of American prosperity and that both the market and economic experts are just wrong.

              Been saying he's channeling McKinley.

              “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
              • LuFins DadL LuFins Dad

                The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

                JollyJ Offline
                JollyJ Offline
                Jolly
                wrote last edited by
                #719

                @LuFins-Dad said in Trumpenomics:

                The simple act of building the factories makes it impossible. You can reshore some critical manufacturing capabilities, but it will need some subsidizing and a lot of deregulation to get the factories up and running, and it will still require competition. While I still think American Car manufacturing is pretty piss poor, the Japanese competition did force them to get a little better…

                Trump Admin is claiming $7T investment coming to America. I'm sure that's inflated, but look at the marching orders that went to the agencies about rules that have made up out of whole cloth. Washington should soon be in a deregulation frenzy.

                Less regulation burdens, no tariffs, a Navy ship building program, etc. Maybe the world gets the hint we're in the business for business?

                “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 Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by jon-nyc
                  #720

                  They’re both fair questions.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote last edited by
                    #721

                    I don't think we're deterring students from coming here, if they're coming to study.

                    You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.

                    “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

                    taiwan_girlT 1 Reply Last reply
                    • JollyJ Jolly

                      I don't think we're deterring students from coming here, if they're coming to study.

                      You want to play justice warrior for your pet cause, especially using illegal protests to do so or protesting for a terrorist organization? I think your time in America will be brief and rightly so.

                      taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote last edited by
                      #722

                      @Jolly said in Trumpenomics:

                      I don't think we're deterring students from coming here, if they're coming to study.

                      Sure we are.

                      If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.

                      I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                      US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).

                      JollyJ 1 Reply Last reply
                      • taiwan_girlT taiwan_girl

                        @Jolly said in Trumpenomics:

                        I don't think we're deterring students from coming here, if they're coming to study.

                        Sure we are.

                        If you are a foreign student looking to study abroad, and you have a choice of lets say, US, UK, Australia, etc. you may give less thought to the US, regardless if you are a pure angel or not.

                        I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                        US universities like them as they pay full amount to go to school. I know of quite a few Chinese students at schools like Univ. of IL, and they are all paying list price of USD$50K per year. (They may be getting some sort of subsidy from their home country, but not from the US school).

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote last edited by
                        #723

                        @taiwan_girl said in Trumpenomics:

                        I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                        Good.

                        “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

                        AxtremusA 1 Reply Last reply
                        • JollyJ Jolly

                          @taiwan_girl said in Trumpenomics:

                          I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                          Good.

                          AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote last edited by
                          #724

                          @Jolly said in Trumpenomics:

                          @taiwan_girl said in Trumpenomics:

                          I am guess that 4 years from now, foreign students in the US will have decreased by at least 10-20%.

                          Good.

                          Now that you think about it, Elon first came here with a student visa.

                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote last edited by
                            #725

                            American winemakers talk tariffs:

                            https://www.npr.org/sections/planet-money/2025/04/17/g-s1-60718/tariffs-make-sour-grapes-american-winemakers

                            Will American winemakers win with tariffs? The ones we spoke with don't seem to think so.

                            1 Reply Last reply
                            • A Online
                              A Online
                              AndyD
                              wrote last edited by
                              #726

                              Trump(CF) teaching everyone his way is the best

                              20250413_154113.jpg

                              1 Reply Last reply
                              • taiwan_girlT Offline
                                taiwan_girlT Offline
                                taiwan_girl
                                wrote last edited by
                                #727

                                End of Q1 numbers. I will update as the missing ones come in, and plan on updating this every quarter. If anybody feels something else should be on here (economically), let me know. 🙂

                                Screenshot 2025-04-18 at 4.22.40 PM.png

                                1 Reply Last reply
                                • 89th8 Offline
                                  89th8 Offline
                                  89th
                                  wrote last edited by
                                  #728

                                  Cost of gas is down, even to $1.98! Umm the national average was $3.22 on 1/20 and $3.29 as of yesterday.

                                  Cost of eggs have gone down 92%! They were $6.55 on 1/20 and $3.11 as of yesterday. Thats like 47%?

                                  What idiots does he have feeding him data, I’m guessing only sycophants have access to him.

                                  Link to video

                                  1 Reply Last reply
                                  • 89th8 Offline
                                    89th8 Offline
                                    89th
                                    wrote last edited by
                                    #729

                                    Oh and the clip ends but he starts rambling about how the federal reserve doesn’t have anyone smart there and that Powell is playing politics.

                                    What a disaster.

                                    1 Reply Last reply
                                    • AxtremusA Offline
                                      AxtremusA Offline
                                      Axtremus
                                      wrote last edited by
                                      #730

                                      Link to video

                                      TL;DR version:

                                      • Delta: doesn’t want to pay tariffs on incoming Airbus aircraft; willing to delay taking delivery
                                      • Airbus: OK, we accelerate delivery to other customers eager to take delivery earlier
                                      1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote last edited by
                                        #731

                                        Amazing what little support he has for this shit. And yet the house gop still sits paralyzed.

                                        IMG_4528.jpeg

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • 89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote last edited by
                                          #732

                                          It's ironic since they'll be massacred in 2026 anyway, as if Trump's support will be helpful then. It'll be a repeat of 2018, but on Solfeggio steroids.

                                          LuFins DadL 1 Reply Last reply
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