Anonymous wrote:

The dodge ram comparison wasn’t good. It’s not normal in other countries to casually drive around massive trucks.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Yes, this is the real reason for all of this. Lower interest rates are at the heart of Elon's project. That is his main goal.

All the DOGE silliness, like putting thousands of people out of work and terrorizing them and destroying the government, is just a fun effect.

I thought lower mortgage rates (lower cost of housing) and lower inflation rates were a good thing though? Do Dems want expensive housing and high inflation now? I can’t keep up.

Lower mortgage rates generally don't lead to a lower cost of housing, because prices go up. They might come down if tariffs lead to a recession, but that's not really the way to make housing more affordable.

Also. The tariffs on Canadian lumber (which is an input for housing starts) will increase house prices.

Yes. Trump has it all covered: tariffs to make the inputs higher and inflation to insure dollars don’t buy as much. Quite the economy.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Yes, this is the real reason for all of this. Lower interest rates are at the heart of Elon's project. That is his main goal.

All the DOGE silliness, like putting thousands of people out of work and terrorizing them and destroying the government, is just a fun effect.

I thought lower mortgage rates (lower cost of housing) and lower inflation rates were a good thing though? Do Dems want expensive housing and high inflation now? I can’t keep up.

Lower mortgage rates generally don't lead to a lower cost of housing, because prices go up. They might come down if tariffs lead to a recession, but that's not really the way to make housing more affordable.

You make housing more affordable by increasing supply.
I remember the other lady was talking about that and had a whole plan dedicated to it, but she had an annoying laugh and didn’t go to cage fights. LAME.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Yes, this is the real reason for all of this. Lower interest rates are at the heart of Elon's project. That is his main goal.

All the DOGE silliness, like putting thousands of people out of work and terrorizing them and destroying the government, is just a fun effect.

I thought lower mortgage rates (lower cost of housing) and lower inflation rates were a good thing though? Do Dems want expensive housing and high inflation now? I can’t keep up.

Lower mortgage rates generally don't lead to a lower cost of housing, because prices go up. They might come down if tariffs lead to a recession, but that's not really the way to make housing more affordable.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting to see how this all play out. Unlike other actions that seem to have caught some Trump voters off guard, this was plainly out there during the campaign and many voted for him because of it. My MAGA relatives are cheering over this, they’ve really bought the shtick that it will be a boon for the economy.

But there is literally not a single economist who thinks tariffs will improve an economy. Why does MAGA believe this? Trump just made it up.

Do you remember how “what are tariffs?” was googled heavily on election night? A lot of people just don’t have a clue in the world.

That and “did Biden drop out?”

Anonymous wrote:

Anonymous wrote:Interesting to see how this all play out. Unlike other actions that seem to have caught some Trump voters off guard, this was plainly out there during the campaign and many voted for him because of it. My MAGA relatives are cheering over this, they’ve really bought the shtick that it will be a boon for the economy.

But there is literally not a single economist who thinks tariffs will improve an economy. Why does MAGA believe this? Trump just made it up.

Do you remember how “what are tariffs?” was googled heavily on election night? A lot of people just don’t have a clue in the world.

Anonymous wrote:

Anonymous wrote:Interesting to see how this all play out. Unlike other actions that seem to have caught some Trump voters off guard, this was plainly out there during the campaign and many voted for him because of it. My MAGA relatives are cheering over this, they’ve really bought the shtick that it will be a boon for the economy.

But there is literally not a single economist who thinks tariffs will improve an economy. Why does MAGA believe this? Trump just made it up.

They believe anything out of his mouth without question.

Anonymous wrote:Interesting to see how this all play out. Unlike other actions that seem to have caught some Trump voters off guard, this was plainly out there during the campaign and many voted for him because of it. My MAGA relatives are cheering over this, they’ve really bought the shtick that it will be a boon for the economy.

But there is literally not a single economist who thinks tariffs will improve an economy. Why does MAGA believe this? Trump just made it up.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Yes, this is the real reason for all of this. Lower interest rates are at the heart of Elon's project. That is his main goal.

All the DOGE silliness, like putting thousands of people out of work and terrorizing them and destroying the government, is just a fun effect.

I thought lower mortgage rates (lower cost of housing) and lower inflation rates were a good thing though? Do Dems want expensive housing and high inflation now? I can’t keep up.

We're headed for stagflation, babe.

Love your support for Elon's little side project to destroy the government for his own avarice, though. Very cute.

The current moves by the administration will not lead to lower mortgage rates (at least not substantially). But it is all a moot point anyway, the country will go into a recession due to the current moves. Unemployment will increase, inflation will increases, and uncertainty will increase. Housing prices may go down, but that will be more due to the increases in unemployment and people having to sell their homes. So sure, affordability and supply may increase, but those who want more affordable housing wont be able to take advantage of the lower prices as they themselves will be unemployed. Those who aren't unemployed but dont currently own will pause decision to buy due to the uncertainty caused by the recession (and reduced stock values, therefore reduction in their net worth and the stocks they could sell to finance the down payment).

Interesting to see how this all play out. Unlike other actions that seem to have caught some Trump voters off guard, this was plainly out there during the campaign and many voted for him because of it. My MAGA relatives are cheering over this, they’ve really bought the shtick that it will be a boon for the economy.

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won't, because I will stop buying sh!t when prices explode. No more cell phones. No new cars. No restaurants. No clothes. No consumer goods in general unless an extreme emergency. Definitely cutting back on all gifts and Christmas. That means potentially huge revenue losses for tons of companies across the board. Which means they layoff people. Which means the govt gets slammed for income tax revenue.

You're absolutely delusional thinking consumption and consumer habits will stay the exact same after prices massively spike due to these dumb AF tarriffs.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Yes, this is the real reason for all of this. Lower interest rates are at the heart of Elon's project. That is his main goal.

All the DOGE silliness, like putting thousands of people out of work and terrorizing them and destroying the government, is just a fun effect.

I thought lower mortgage rates (lower cost of housing) and lower inflation rates were a good thing though? Do Dems want expensive housing and high inflation now? I can’t keep up.

We're headed for stagflation, babe.

Love your support for Elon's little side project to destroy the government for his own avarice, though. Very cute.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Serious question. These tariffs are going to generate huge revenues for the Federal government. Where does the money go and what does it get spent on? Is there a general account for customs and tariff revenues?

No they won’t. Demand will dry up.

Exactly, these tariffs will have a negative effect on purchases, and this effect will vary demanding on how elastic/inelastic demand is for a certain good. For goods with an inelastic demand (oil I would assume), the demand will fall but by a smaller percentage that the increase in price (ie 25% increase in price may lead to a 20% decrease in demand). However, since demand for many good is also elastic, then the decrease will be larger than the price changes (say a 25% increase in price will lead to a 30% change in demand).

These tariffs may raise some revenue, but it will be way less and will be offset by the decrease in demand. Economics 101. The harm that this will do to the US and global economy overall is substantial.

It will also cause inflation to plummet and the Fed will reduce rates, which will send the stock market skyrocketing.

Tariffs are inflationary. If anything they will cause inflation to rise (since prices are higher) which will lead the Fed to pause the interest rate cuts they were doing. The stock market already tanked today, with more pain to come (if a certain support level is breached, I am thinking 570 for the SPY, then the algorithms will auto sell further plunging the stock market). We are headed for a recession, all due to the current administrations incompetence, and the stupidity of the average voter.