Trump 47 Economy
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Anonymous
That’s nice but Trump didn’t have to impose these tariffs. Everyone believes everything he says anyway, why didn’t he just take credit for the Biden administration? |
Anonymous
Weird because I remember both Hillary Clinton and Joe Biden not only promising to bring well-paying green energy jobs to rural Appalachia but also promising to pay them to retrain and rural voters said "nah, we'd rather sit around and collect government assistance (never "welfare" of course, because they're white!) waiting for a con man to bring our coal jobs back." How'd that work out for Appalachia, by the way? |
Anonymous
A moron defending a moron. Why not just acknowledge the L every now and then? |
Anonymous
Not this time. While quant induced swings are a growing problem and exacerbate movements, something we saw play out during Covid, this is human based and has a clear policy based cause. We started a global trade war and announced the largest tarrif and tax hikes in US history. God help us next week when the quants get going. As you say, it's only going to get worse. |
Anonymous
| What’s Trump’s endgame here? |
Anonymous
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Federal Reserve chair, Jerome Powell, weighs in on the tariffs today. Predictably, Trump posted on Truth Social telling Powell what to do (because that's how high-level discussions are conducted these days--via tweets).
Powell's comments: Jerome H. Powell, the chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,” he said. “The same is likely to be true of the economic effects, which will include higher inflation and slower growth." Mr. Powell characterized the risks of that outcome, which he warned could include higher unemployment, as “elevated.” “While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent,” he said in a speech at a conference in Arlington, Va., on Friday. Trump: Minutes before Mr. Powell’s speech, the president went on Truth Social and called on the Fed chair to lower interest rates as he attacked him for being “always ‘late.’” https://www.nytimes.com/2025/04/04/business/economy/powell-trump-tariff-inflation-risk.html |
Anonymous
My speculation is that he imagined imposing these tariffs and then having world leaders get in line to meet with him to “negotiate a deal”. He envisioned a stream of oval office pressers with grateful leaders gushing over his brilliance for the cameras. And of course part of those negotiations would include a little something personal for Trump himself. |
Anonymous
I think it’s time everyone realizes has no end game. Someone on a golf course in New Jersey in 1987 told him tarriffs were a good idea and that idea has been bouncing around in his head since then. There is nothing to gain here, the administration has not made any serious investments in increasing manufacturing capacity and therefore companies can’t just magically shift all their production to the United states. He’s just flushing the economy down the toilet because he’s a moron and he doesn’t know better. |
Anonymous
It's Hawley-Smoot. Stupid. Read history, people. Read an economics textbook. |
Anonymous
lolololol I can’t with this. We deserve this because people this stupid somehow have control. Oh well. |
Anonymous
This you? 
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Anonymous
Yup. This is a guy who went bankrupt in the casino business multiple times. He’s not bright. He has no plan. |
Anonymous
They could also just watch the “anyone” Ferris Bueller clip which summarizes the whole sorry mess of tariffs and the Great Depression in about a minute or so. |
Anonymous
It's actually worse than then in every metric. Smoot-Hawley raised tarrifs from 13.5% to 19.8%. The Trump Tarrifs take them from 2.5% to 24% virtually overnight. |
Anonymous
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