Economy Trump's April 2nd Tariffs

[LangfordBarrow]

So taking advantage of poor people is seen as a good thing by the demorats now.

WTF are you talking about bro? Taking advantage of poor people is placing tariffs on imports so it's more palatable to buy American rather than at the local Walmart.

 

[Substance Abuse]

Absolute blithering god damn incompetence

You're being kind. But hey...



At least it's almost the weekend, and Trump gets to spend more time golfing, on his way to spending over $100 million dollars doing it this year.

Trump Golf Track

Tracking the number of days President Donald Trump spends his second term playing golf.

trumpgolftrack.com

 

[Sweater of AV]

Winning bigly right now imho.

 

[deviake]

 

[deviake]

We're living in a 2000s dystopian comedy movie

 

[Ludwig von Mises]

Way to derail the thread...

'Retards' and 'clowns'.

Pot meet kettle.

Rachel Maddow telling people in 2022 to get vaxxed to stop the spread was absolutely retarded. Her advocating for people to lose their jobs for refusing to get vaxxed was also retarded.

@Hellowhosthat put Trump in the same box as her even though he still can't provide a single video Trump saying the Vax would stop the spread and that's definitely some clown shit because he's arguing in bad faith and knows what he's doing.

He does this regularly on many topics.

 

[PEB]

Sen. John Kennedy (R-La.) wasn’t concerned enough about President Donald Trump’s steep international tariffs to vote against them Wednesday — like some of his GOP colleagues — but did scold staunch supporters of the policy with a dire warning to multiple outlets.
“In the long run, we’re all dead,” he told CNN’s Manu Raju on Capitol Hill for “The Lead with Jake Tapper” on Wednesday. “Short run matters, too. Nobody knows what the impact of these tariffs is going to be on the economy.”

 

[cottagecheesefan]

Real wage growth is one of 5 metrics that I have for how I view the economic health of the country

Real wage growth with solid GDP growth is ideal.

Actual economic theory would say otherwise. You don't get wage growth in isolation - as wages go up, so do the cost of all other things. It's why increased the minimum wage has been proven to harm poor people instead of helping them - it makes more sense to focus on cost of living as opposed to wage growth.

What economic theory are you stating? Minimum wage increaes? You’re just throwing out stuff that is irrelevant like a child. Just be quiet for now sweet one

 

[LangfordBarrow]

It would be funny if it wasn't true. And that's not even mentioning he's also the guy that tried to steal an election, spurred an attack on the Capitol, and mishandled National Security sensitive documents.

 

[JudoThrowFiasco]

Here's what I think will happen. Economy and unemployment gets wrecked short term, enough for the Fed to be forced into lowering interest rates, Trump gets his QE, Trump gets his 4 trillion tax cut, ends the tariffs, Economy rips thanks to QE and low interest rates (covid times v2), Trump claims victory as Economy soars.

MAGA and casuals will think it was thanks to tariffs, smart people will know the money printer was turned on again thanks to Trump forcing the Feds.

The only thing left to do at this point is wait and see, hopefully I'm proven wrong and Trump turns out to a genius and brings back manufacturing and jobs to America.

Softening the dollar while "hopefully" forcing Asian countries to appreciate their currencies would actually be a positive in a tariff heavy environment.

 

[LangfordBarrow]

I meant pre covid vaccine and tried to explain this already

An excellent tuck and roll bro...

 

[LangfordBarrow]

If you all aren’t buying idk what to tell you

Do you really think we're at rock bottom already?

 

[HockeyBjj]

 

[Brampton_Boy]

That’s… what real wage growth is. You do know that right?

Yes, I do know that.

I am disagreeing with his premise that real wage growth would occur, as generally speaking, increasing wages (in the absence of price controls) has historically been shown to exacerbate purchasing power deterioration.

I should have been more clear with what I said in my post.

 

[Neph]

Yes, I do know that.

I am disagreeing with his premise that real wage growth would occur, as generally speaking, increasing wages (in the absence of price controls) has historically been shown to exacerbate purchasing power deterioration.

I should have been more clear with what I said in my post.

By definition that isn't correct. Real wage increases evaluate the increase in wages against the cost of goods.

 

[Strychnine]

When you finally realize that you played yourself.

 

[Brampton_Boy]

Real wage growth with solid GDP growth is ideal.



What economic theory are you stating? Minimum wage increaes? You’re just throwing out stuff that is irrelevant like a child. Just be quiet for now sweet one

It's called cost-push inflation. The pass through effect of increased labor expenses to corporations results in a disproportionate increase in inflation.

For the record, I did my undergraduate and masters degree in economics, and worked as an environmental economist for the provincial government. Not saying that it makes me an expert, but I have a pretty good understanding of the fundamental theory.

 

[Brampton_Boy]

By definition that isn't correct. Real wage increases evaluate the increase in wages against the cost of goods.

I don't think we are arguing the same thing. I'm saying real wage increases wouldn't happen.

 

[Fedor>Cain]

 

[AWilder]

I legit think there will be short term anxiety and moaning on both sides, but in 6-12 months, the results will speak for themselves.

Don’t need to debate it now, as there is not feasible end to this hypothetical debate, as we need to see results. But feel free to quote me if we are in full recession and economic despair in a few months.

Flipside is, I will be happy to quote posts like this, if our growth and economy are doing very well in the same time frame

since you consider yourself a historian please embellish us with the previous attempts at massive tariffs and how that went.