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The New Coffee Room

  1. TNCR
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  3. Trumpenomics

Trumpenomics

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  • LuFins DadL LuFins Dad

    Doctor PhibesD Online
    Doctor PhibesD Online
    Doctor Phibes
    wrote on last edited by
    #324

    @LuFins-Dad said in Trumpenomics:

    Look at Kush explaining all the clever sums, isn't it adorable?

    I was only joking

    1 Reply Last reply
    • RenaudaR Offline
      RenaudaR Offline
      Renauda
      wrote on last edited by
      #325

      Holy guacamole! They’re now trying to blind us with all the MAGAt Science.

      Kush Desai:

      https://www.business-standard.com/amp/world-news/who-is-kush-desai-donald-trump-s-newly-appointed-deputy-press-secretary-125012500389_1.html

      He worked for the Daily Caller?

      That’s like a Canadian having served as a
      cub reporter for Rebel News

      Elbows up!

      1 Reply Last reply
      • Doctor PhibesD Online
        Doctor PhibesD Online
        Doctor Phibes
        wrote on last edited by
        #326

        Technobabble. As if this bullshit needs all the Greek letters and the confusing looking subscripts.

        "Consider an environment" my arse.

        if you unpick the formula above it boils down to simple maths: take the trade deficit for the US in goods with a particular country, divide that by the total goods imports from that country and then divide that number by two.

        I was only joking

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #327

          Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

          Link to video

          The Brad

          RenaudaR HoraceH 89th8 3 Replies Last reply
          • LuFins DadL LuFins Dad

            Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

            Link to video

            RenaudaR Offline
            RenaudaR Offline
            Renauda
            wrote on last edited by
            #328

            @LuFins-Dad

            Listened to the first 10 minutes as you recommended.

            Shapiro gets it. Why is it so difficult for others to grasp it?

            Elbows up!

            1 Reply Last reply
            • LuFins DadL LuFins Dad

              Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

              Link to video

              HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by Horace
              #329

              @LuFins-Dad said in Trumpenomics:

              Most of you’ns don’t really care for Shapiro, but the first 10 minutes or so are useful.

              Link to video

              Was just coming here to post this. His economic policies were admitted to be reasonable, even by many never-Trumpers on the right. Boy are they not reasonable anymore.

              Education is extremely important.

              1 Reply Last reply
              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by
                #330

                Shapiro expresses some optimism at 35:50. Optimism in the form of "I don't think he's this crazy, and so I don't think these tariffs are going to be implemented like that".

                Education is extremely important.

                1 Reply Last reply
                • LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote on last edited by
                  #331

                  Did you catch the bit where he called the Tariffs unconstitutional? If you get enough of the more traditional Republican senators and Congressmen to hear Shapiro and some of the other more traditional commentators come out hard against the tariffs, and they might actually stand up to Trump.

                  The Brad

                  1 Reply Last reply
                  • HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #332

                    The tariffs have already done plenty of damage, and there is no coherent story about how they will benefit main street. I expect support for them to become politically toxic. Maga can’t run on delusions, not to that extent.

                    Education is extremely important.

                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote on last edited by
                      #333

                      I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                      Education is extremely important.

                      JollyJ RenaudaR 2 Replies Last reply
                      • HoraceH Horace

                        I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by Jolly
                        #334

                        @Horace said in Trumpenomics:

                        I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                        Yep. The Dems might be saying to themselves, what if we try to block him and the damn things work?

                        “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
                        • LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote on last edited by
                          #335

                          Bernie’s probably pissed because this is his bag…

                          The Brad

                          HoraceH 1 Reply Last reply
                          • HoraceH Horace

                            I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                            RenaudaR Offline
                            RenaudaR Offline
                            Renauda
                            wrote on last edited by Renauda
                            #336

                            @Horace

                            It’s not a political win for them if they block these tariffs, and the economy does well for the next few years..

                            Not to worry. I doubt that the market can be fooled. American goods and services may not be exportable for some time to come. Some of us will have long memories and will choose to shop elsewhere as a matter of principle even if the price is higher. The US can only sell so much to itself.

                            Elbows up!

                            1 Reply Last reply
                            • JollyJ Jolly

                              @Horace said in Trumpenomics:

                              I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                              Yep. The Dems might be saying to themselves, what if we try to block him and the damn things work?

                              HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #337

                              @Jolly said in Trumpenomics:

                              @Horace said in Trumpenomics:

                              I’m a little surprised the Democrats would want to save Trump from himself on this. I am sure there are plenty of congresspeople on that side who would like to see tariff havoc wrought by Maga. It’s not a political win for them if they block these tariffs, and the economy does well for the next few years.

                              Yep. The Dems might be saying to themselves, what if we try to block him and the damn things work?

                              The tariffs have been working as expected, and it has been to the political benefit of the Dems.

                              Education is extremely important.

                              1 Reply Last reply
                              • LuFins DadL LuFins Dad

                                Bernie’s probably pissed because this is his bag…

                                HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #338

                                @LuFins-Dad said in Trumpenomics:

                                Bernie’s probably pissed because this is his bag…

                                I saw a fringe left punditry show that was very pleased with the tariffs.

                                Education is extremely important.

                                Doctor PhibesD 1 Reply Last reply
                                • HoraceH Horace

                                  @LuFins-Dad said in Trumpenomics:

                                  Bernie’s probably pissed because this is his bag…

                                  I saw a fringe left punditry show that was very pleased with the tariffs.

                                  Doctor PhibesD Online
                                  Doctor PhibesD Online
                                  Doctor Phibes
                                  wrote on last edited by
                                  #339

                                  @Horace said in Trumpenomics:

                                  @LuFins-Dad said in Trumpenomics:

                                  Bernie’s probably pissed because this is his bag…

                                  I saw a fringe left punditry show that was very pleased with the tariffs.

                                  I think it’s obvious that if it was a lefty doing this, all the people on the right currently applauding Trump would be screaming blue murder.

                                  I was only joking

                                  HoraceH 1 Reply Last reply
                                  • Doctor PhibesD Doctor Phibes

                                    @Horace said in Trumpenomics:

                                    @LuFins-Dad said in Trumpenomics:

                                    Bernie’s probably pissed because this is his bag…

                                    I saw a fringe left punditry show that was very pleased with the tariffs.

                                    I think it’s obvious that if it was a lefty doing this, all the people on the right currently applauding Trump would be screaming blue murder.

                                    HoraceH Offline
                                    HoraceH Offline
                                    Horace
                                    wrote on last edited by Horace
                                    #340

                                    @Doctor-Phibes said in Trumpenomics:

                                    @Horace said in Trumpenomics:

                                    @LuFins-Dad said in Trumpenomics:

                                    Bernie’s probably pissed because this is his bag…

                                    I saw a fringe left punditry show that was very pleased with the tariffs.

                                    I think it’s obvious that if it was a lefty doing this, all the people on the right currently applauding Trump would be screaming blue murder.

                                    Yeah I would be much more aggressive in my rhetoric if a misguided leftist was doing this. But online rhetoric aside, the tariffs are polling horribly, according to Shapiro above. Most of the people who voted for Trump are against them.

                                    The fact is, the tariffs are objectively stupid, but I’m sure the main reason people hate them is because of their 401ks.

                                    Education is extremely important.

                                    Doctor PhibesD 1 Reply Last reply
                                    • kluursK Offline
                                      kluursK Offline
                                      kluurs
                                      wrote on last edited by
                                      #341

                                      Right now, some people will buy stock as stocks are more of bargain, but what happens if Trump decides to stay the course with platitudes that we just need to wait till "happy days" show up? What happens when other nations reciprocate? When the dollar is punished as the reserve currency? When China moves and captures new markets and partners? When tariffs are removed - and the rebound doesn't show up?

                                      Some of this won't be fixed with a "bygones" - and go back to where we were on January 20. Some of the damage will be generational. For those who believe him using the tariffs as "leverage" for some unknown genius move, it's hard to come up with what those penguins have to offer. If he withdraws immediately, it may show him as having made an error - which, of course, he is incapable of doing. If he stays on point with the attack against the world, every day will bring more bad news - and it won't let up. We wonder about the auto industry - but the past 15 years have seen a large number of small businesses that depend on Asia as well. They will have less money to spend, more bankruptcies. The good news, and we all know if there's one thing that Trump is good at..it's find the good news - is that oil and gas prices are on the move down. Promise kept!

                                      RenaudaR 1 Reply Last reply
                                      • kluursK Offline
                                        kluursK Offline
                                        kluurs
                                        wrote on last edited by
                                        #342

                                        image.png

                                        Doctor PhibesD 1 Reply Last reply
                                        • A Offline
                                          A Offline
                                          AndyD
                                          wrote on last edited by AndyD
                                          #343

                                          So correct me if I'm wrong here with the basics:
                                          the US Federal government is going to tax pretty much every import.
                                          The importing dealer pays the Fed the tax and will then pass on some or all of that tax expense to customers. You.
                                          10% increase in price for you on a bottle of whisky, 25% increase on a Ferrari, much higher tax on shoes from the far east, utilities imported from Canada etc.

                                          So your cost of living is going up, probably a lot; your Fed has upped taxes on you, indirectly but dramatically, and is sitting pretty.
                                          Inflation is rising but your salaries aren't.

                                          That's the nub?

                                          The rest of the discussion is theory regarding future possibilities of job creation, internal manufacturing investment, the stock market.

                                          89th8 1 Reply Last reply
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