Trumpenomics

[Doctor Phibes]

@Horace said in Trumpenomics:

Yeah, but if you suffocate efficiency out of the markets and force America to build stuff that other countries used to build for us very cheaply, you will create factory jobs. For every 20 jobs lost from the efficient economy that we destroyed with tariffs, we create one factory job. Everybody knows the value conversion between a factory job and a job in an efficient economy is 1:1000, so 1:20 is a huge win.

I can't wait for the documentaries following factory workers through a day in their lives, so we can all see the magic we've created. It will go down in history as America's single greatest accomplishment.

I would like to see factory jobs on all of our currency going forward. And put factory jobs on our flag.

I think it's important to support this initiative, so I'm going to be visiting a factor over the weekend, and supporting factory workers. I love cheesecake, so it's a win-win.

[89th]

Sounds like a good plan. Maybe I'll check out where they make Buffalo Wings.

[Doctor Phibes]

Just steer clear of the sausage factory. You really don't want to know.

[jon-nyc]

Transparency is a hostile act.

[jon-nyc]

Whew!

JUST IN: Bessent says tariffs will not cause shortages of consumer goods

[Horace]

That's a relief. Any word on whether tariffs raise prices?

[89th]

His mistake. He meant sheriffs, not tariffs.

[Mik]

They already have. We got a quote on a follow spot for the high school. It was $3500 plus a $750 tariff reclamation fee.

[xenon]

[Horace]

When Bezos allegedly bent the knee to Trump before the election, he was clear that he wanted WaPo editorials to support free markets. Being anti-tariff is on-brand, and principled, and should probably earn him some credit from those who think he was just supplicating before Trump.

[89th]

To be fair, Amazon was planning on labeling the field on the screen

"Extra Trump tariff fees that are sooooo like dumb: $5.99"

[Mik]

I have no problem with the public knowing the cost of what they buy. It's a good thing.

[jon-nyc]

They should troll the administration by saying next to the tariff line ‘you can get this reimbursed by China. Contact the white house switchboard to find out how’.

[Horace]

Link to video

[jon-nyc]

That’s clever and well done.

[jon-nyc]

The S&P500 experienced its biggest first 100 day loss for a President since 1973, per WSJ

[jon-nyc]

[taiwan_girl]

@jon-nyc said in Trumpenomics:

The S&P500 experienced its biggest first 100 day loss for a President since 1973, per WSJ

Here is the Dow Jones showing returns since Election Day. To be fair to President Trump, he is about the same as President Obama at this point, but I am not sure the trend of President Trump will match the trend of President Obama.

[89th]

Maybe I missed it but I heard the phrase "fair trade" a few times today in the news. I'm guessing the Administration is going to start using that phrase up the wazoo until it replaces "tariffs" in every news release.

[Doctor Phibes]

I'm kind of hoping they start using the word 'resignation' soon, but it doesn't seem very likely based on his transcendental performance.