Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:A few months ago with GDP decrease of .5%, people said Trump was crashing the economy. Now 3% growth and people say it is a mirage.

that 3% is not based on data. Read the link on the Trump 47 economy thread.

[Anonymous]

Anonymous wrote:Cnn declared Trump won and negotiated a good future for the US, if that's proof he won for the US

CNN went the Fox route 3 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

There is literally no one who knows what they are talking about who suggests that Trump's policies will be good for the economy. None.

I am deeply opposed to tariffs. The only potential positive is that we boost some domestic production and lessen dependence on foreign countries for various goods, materials and resources. But that takes years to get spun up. And I don't think it's automatically going to create jobs, either because the biggest issue in industry is high cost of American labor. So we will be using a lot off automation and robotics in any new plants, either that or given already-low unemployment rates and insufficient Americans to take the jobs, worker visas and right now the GOP has made any discussion of foreign labor completely toxic. It would take a decade, easily. And meanwhile it's American consumers bearing the costs all the way, as a stealth tax.

Companies are not going to make that investment because they know the tariffs can be rescinded at any time either by trump or another president.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

There is literally no one who knows what they are talking about who suggests that Trump's policies will be good for the economy. None.

I am deeply opposed to tariffs. The only potential positive is that we boost some domestic production and lessen dependence on foreign countries for various goods, materials and resources. But that takes years to get spun up. And I don't think it's automatically going to create jobs, either because the biggest issue in industry is high cost of American labor. So we will be using a lot off automation and robotics in any new plants, either that or given already-low unemployment rates and insufficient Americans to take the jobs, worker visas and right now the GOP has made any discussion of foreign labor completely toxic. It would take a decade, easily. And meanwhile it's American consumers bearing the costs all the way, as a stealth tax.

Seems the markets have been pricing in TACO Don policy. Now that he’s sort of kind of following through, futures have plummeted. We’ll see what the day brings.

Futures are plummeting because tariffs are a GDP killer and cause inflation. So you can also kiss the fed cuts goodbye too.

[Anonymous]

July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

[Anonymous]

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

Good morning Mr. Potter, I hope you have a nice day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

I mean...you're not even trying here. You want another shot at it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

Good morning Mr. Potter, I hope you have a nice day.

If there is a hero in It's a Wonderful Life, it is Potter, not Bailey.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

I mean...you're not even trying here. You want another shot at it?

It appears you understood the first time. I’m about to head to the marina so I may not reply to your snark for a while. I’m entertaining some couples on our boat this weekend and I need to make sure the crew has things in order.

[Anonymous]

We have basically implemented a national sales tax in a chaotic way. We shall see how it shakes out. Think years not months. I’m not a fan but this is what’s happening. Arguing doom or defending is a waste of time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

Anyone paying attention to the real world knew those prior months numbers were wrong. The economy is in very bad shape.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

I mean...you're not even trying here. You want another shot at it?

It appears you understood the first time. I’m about to head to the marina so I may not reply to your snark for a while. I’m entertaining some couples on our boat this weekend and I need to make sure the crew has things in order.

By this, PP means he's gonna check if his Boston whaler has water in it from all the rain and if Larla, his wife, bought the chips and salsa.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

I mean...you're not even trying here. You want another shot at it?

When all else fails, just pretend you are rich and unaffected.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:July non-payroll 73k vs 100k expected.
June private sector revised down to 3k from 78k. That’s incredible. Job market is weak.

Unemployment ticked up from 4.1 to 4.2
37k manufacturing jobs lost in July.

I’m not missing any meals. The choices you make in life have consequences. I find nothing alarming about the economy despite the best efforts of the DCUM chicken littles.

I mean...you're not even trying here. You want another shot at it?

It appears you understood the first time. I’m about to head to the marina so I may not reply to your snark for a while. I’m entertaining some couples on our boat this weekend and I need to make sure the crew has things in order.

By this, PP means he's gonna check if his Boston whaler has water in it from all the rain and if Larla, his wife, bought the chips and salsa.

My Sunseeker sleeps 8 + 2 crew. I wouldn’t give my 18 year old a piece of crap Whaler.