Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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

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As an economist, I voted for Harris because I read the economic policies Trump & Co shared and they were nonsensical and going to be very bad for our economy, short-term and long-term. He has no understanding of tariffs or what causes inflation. The people he surrounds himself with also don't know.

Vote these fools out asap.[/quote]

Really don’t get what the endgame is here. They could not be damaging the U.S. economy more if they tried. They are doing absolutely everything possible to increase unemployment, inflation, and uncertainty.

So maybe they are intentionally doing this? It makes no sense otherwise. [/quote]
They are.

This was before the election.

“Elon Musk admitted that he knows that Donald Trump’s policies would crash the economy if he’s elected president, but thinks that the price is worth it.”
[img]https://pbs.twimg.com/media/GbEEDfhXEAAAKb8?format=jpg&name=large[/img][/quote]

The price is worth it because…the goal is…? What exactly? What does a “healthier” economy mean?

I still don’t get it. [/quote]

No one gets it and no one is interrogating it.

Trump has dementia. Elon is drugged out of his mind. Vance can almost touch the golden ring he so desperately desires and won’t speak up. The GOP wants tax cuts first.

[/quote]

There really should more attention on the fact that they're trying to hide the damage to the economy by messing with GDP indicators, too. [/quote]

That is stupid. The govt is not the only entity that measures GDP. They are not honest to be able to hide it. [/quote]

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