Economy Trump's April 2nd Tariffs

[AWilder]

It looks like the stable genius may have likely formulated his tarriff plan from Chat gpt which includes islands that dont have any inhabitants.

Trump Accused of Using ChatGPT to Create Tariff Plan After AI Leads Users to Same Formula:​

Trump Accused of Using ChatGPT to Create Tariff Plan After AI Leads Users to Same Formula: 'So AI is Running the Country'

The Trump administration has been accused of using ChatGPT to calculate the tariffs it presented to the world on Wednesday.

www.latintimes.com

Trump Just Put Tariffs on a U.S. Military Base​

Stable Genius Trump Just Put Tariffs on a U.S. Military Base

Donald Trump imposed tariffs on an island inhabited only by American soldiers.

newrepublic.com

You know Baron did this. The greatest technical mind the trump family has ever produced. He can turn on laptops ya know.

 

[Rob Battisti]

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

That’s about twice a week. Really not too bad tbh. Not like you can’t do things after a round of golf. But, I agree, once a week is enough. I am so busy I haven’t golfed in months!

 

[GhostZ06]

We're living in a 2000s dystopian comedy movie

im sure the europeans were looking at this on the toilet

 

[Rob Battisti]

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

I DCA and increase it in blood bath days

 

[Rob Battisti]

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.

Thanks for the clarification.

 

[AWilder]

Trump somehow making fascists look worse. incredible.

 

[Substance Abuse]

That’s about twice a week. Really not too bad tbh. Not like you can’t do things after a round of golf. But, I agree, once a week is enough. I am so busy I haven’t golfed in months!

He's spent 26.03% of his presidency golfing, spending a ton of tax payer dollars as he raises taxes on lower income families and he allows Musk to lay tens of thousands of people off to save money. Yeah, not too bad, right?

 

[calavera2]

He usually calls out Trump.

I agree with most of Bens points though. I am not sure this is a good tactic for Trump to do. The dems would love if it recession happens and this could bring us that direction. I think hes just flexing and will get a few countries to give in and will withdraw but who knows. To me I think it's the wrong move honestly. I think there are some countries who we don't have negative trading with being effected by this, also not to mention messing with investments since they can't predict the response. As we see with the markets tumbling down.

Why would anyone listen to Shapiro...that shithead was cheering this chaos on for years

 

[Rob Battisti]

He's spent 26.03% of his presidency golfing, spending a ton of tax payer dollars as he raises taxes on lower income families and he allows Musk to lay tens of thousands of people off to save money. Yeah, not too bad, right?

It’s a weird metric. It’s a little less than twice a week. I don’t like the amount he’s golfed. Especially so early in the term. Once a week would be fine.

 

[AWilder]

We're living in a 2000s dystopian comedy movie

would make sense that he enjoys the smell of his own farts.

 

[aerius]

Real wage growth vs wage growth. Real wage growth compares wage growth against inflation, so if inflation exceeds wage growth, your real wage growth is negative.

The problem with real wage growth is how inflation is measured, specifically, the weighting table they use to calculate inflation. Let's take a look at the table to see how out of touch it is with reality.

Relative importance of components in the Consumer Price Indexes: U.S. city average, December 2024

Relative importance of components in the Consumer Price Indexes: U.S. city average, December 2024

www.bls.gov

Scroll down to the where it lists health insurance, it's weighted at 0.793%, in other words, health insurance supposedly makes up 0.793% of the average person's annual cost of living. That's about 1/10th of the actual rate unless you have a 7-figure income or you're so poor that the government covers everything. This is only one of the countless figures in the table that are off by a mile, and not surprisingly it ends up drastically understating the actual inflation rate.

 

[ShadowRun]

My bad brody, it's too hard to tell with MAGA nowadays.

No worries I did vote for him tho but have no issue calling out things he’s doing

 

[essie]

That’s a fake tweet fwiw.

 

[cottagecheesefan]

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.

But what theory here? Illustrate it, or what am I wrong with?

You’re saying increase in labour costs, as bringing jobs back here, will lead to increased prices, correct?

That may be true, which is why I want to consider real wage growth, rather than inflation. Because if bringing good jobs back increases real wages versus inflation, we win as a country.

I really don’t understand how this is so hard for regular people in the warroom to understand, as I see both on the right and left melting down like retards, But OK.

It’s a weird metric. It’s a little less than twice a week. I don’t like the amount he’s golfed. Especially so early in the term. Once a week would be fine.

Isn’t Biden on record as the most President on vacation at the beach? Where was this mod during Biden? Calling them out?

Oh yea, never in the warroom because? Isn’t that weird? At least a little bit?

 

[Deorum]

We're living in a 2000s dystopian comedy movie

The EU imports tons of beautiful American beef. They just prefer high-quality cuts that aren't pumped full of antibiotics and hormones. I don't blame them.

 

[PEB]

Someone says he will launch martial law 4/20 and will start grabbing people off the street. He wants people to talk about anything else but his big plans. He wants to launch Crypto backed by Sacks and Mark Andreessen. They want to flood the center when they do so many things people will be will not be paying attention.

 

[Substance Abuse]

Creating jobs my ass. Cost of living is going to go up and stay up as these asshats lay people off and fuck with their retirement. The market will rebound eventually as the rich buy everything up on the cheap as your taxes go up. If you're openly supporting this you're likely huffing cheeto dust off of Mango Mussolini's taint and trying to fuck couches.

 

[cottagecheesefan]

The EU imports tons of beautiful American beef. They just prefer high-quality cuts that aren't pumped full of antibiotics and hormones. I don't blame them.

Well, these is the cross roads we will now have to take. It isn’t just about truth, we have to truly see how flexible the house and senate are. If they are horrible on the agenda, call them out and vote them out. MAHA.

 

[calavera2]

I too like this guy's wife

 

[Limbo Pete]

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

Oh god don't encourage him