Trumpenomics

[Axtremus]

https://www.nytimes.com/live/2025/04/03/business/trump-tariffs

Which countries are spared?

... Moscow was spared because sanctions imposed on the country after its full-scale invasion of Ukraine in 2022 mean that U.S.-Russian trade had effectively stopped. North Korea, Cuba and Belarus, which are also subject to tough sanctions, were also excluded from the new levies.

Also an interesting contrast:

Iran [...] was hit with 10 percent tariffs, the lowest tier on the White House’s list and lower than the rate imposed on Israel, a staunch U.S. ally.

[Doctor Phibes]

@LuFins-Dad said in Trumpenomics:

And yet, amazingly, still better than the other option.

After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

[89th]

I am hopeful this is a 4D chess move where Trump tanks the market, then over the next 3 years "no one has made the stock market go up 200% in 3 years!"... like a cursive capital V.

[LuFins Dad]

@Doctor-Phibes said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

And yet, amazingly, still better than the other option.

After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

[Doctor Phibes]

@LuFins-Dad said in Trumpenomics:

This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

In my analogy congress are throwing electrically conductive chum in the water.

[Renauda]

@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.

[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

[xenon]

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

[LuFins Dad]

Think we will end the day below 39K?

[jon-nyc]

@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.

[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 Phibes]

@Renauda said in Trumpenomics:

demonization

[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 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 Dad]

@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.

[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.

[jon-nyc]

[Jolly]

[89th]

Whirlpool is an appropriate image right now

[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.