Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

None of their ideas are right. The part about saving money was just a way to sell looting the government to the American people.

Musk has earned nearly a billion dollars by getting US government contract awards.

Trump has no problem spending $200M on ads with Kristi saying he's doing a great job with deportations.

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

That's a lie. Be better.

+1

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

They have shown no indication they care about the national debt. They wouldn't be throwing tax breaks at the wealthiest if that was true.

It's just a looting operation.

+1000. They throw out words like "efficiency" and "budget cuts" for the rubes. This is all about letting Musk and Trump steal as much as they can from us.

This.

Today we have SCOTUS ruling only 5-4 that the USG needs to pay its bills for work it contracted before Trump's unilateral funding freezes. It may not be long before the US sovereign debt rating falls because of this unprofessional behavior...

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

They have shown no indication they care about the national debt. They wouldn't be throwing tax breaks at the wealthiest if that was true.

It's just a looting operation.

100%

My fear is if a crooked political appointee starts putting pressure on the economists and national accounts to revise their methodology for serval key economic indicators so they can mask the true health of the economy. The WSJ isn't going to stop them.

Honestly this should be our biggest fear. Imagine if the US economy operates on even 1 year of biased economic data. It will be an economic calamity once it is found out. Greece can cook their book as they did and it won't affect anyone. The US different story .

How can we be convinced that the data we will be getting from the BLS, commerce etc followed sound statistical procedures?

It is collapsing right now.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

None of their ideas are right. The part about saving money was just a way to sell looting the government to the American people.

Musk has earned nearly a billion dollars by getting US government contract awards.

Trump has no problem spending $200M on ads with Kristi saying he's doing a great job with deportations.

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

That's a lie. Be better.

Let's talk about that - Musk saved 9 billion dollars! That means, $9 billion dollars has been taken out of our economy. What happens when you take money out of an economy? Individual people have less money to spend on things corporations are producing.

The reason the economy has been so good for so long is that it has been artificially propped up by the government.

Whether you agree with the government propping up the economy or not, when you stop propping up an economy - not slowly but extremely rapidly - what do you think will happen?

Anonymous wrote: Private companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 estimate, ADP reported.
https://www.cnbc.com/2025/03/05/adp-jobs-report-february-2025-.html?taid=67c8507bbd0f930001b81ac3&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain

Interesting

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Target announced this morning that February sales were weak. That's not even counting tariffs and everything else. So all the other governmental headwinds are being added to what was already a softening situation.

https://www.cnbc.com/2025/03/04/target-tgt-q4-2024-earnings.html?&qsearchterm=target

I believe that. There was also a coordinated boycott of them after they dropped diversity and equity on January 24th or so.

I predict Target will go out business, just like the MAGA who are the undoing of themselves.

It's sad because I like Target, but I'm avoiding it.

Why are you avoiding it? Just curious. I’m a Democrat and I understand the Amazon boycott, but unsure why some people are avoiding Target.

I think they are boycotting Target because they are rolling back racist DEI policies.

I think the economy is driven in part by the masses and it's a self fulfilling prophecy. Kind of when the Fed announces a policy and the market reacts to it as an example.

So if everyone freaks, shit becomes unstable.

On some level, people are quite emotionally wired and as such, it's like a lot of things - the better you do, the stronger you get. Success begets success and the downward cycle is a hard spin to stop.

Of course there are specific economic drivers and markers that once you arrive at, certain impacts result but in terms of OP your question of WHEN the econ collapses - I think it's more about morale and sentiment of the country driving a lot of uncertainty. If we all remain a bit more positive, spend when we can and want v. this whole boycotting because we want to make a political statement v Trump, things go better in total for all of us.

The thing about an economy collapsing ... it rarely happens overnight. It's more like a slow sinking for a long time until one day, everyone realizes that it has collapsed - and then the stock market collapses too.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's sad. You know they have the right idea - national debt does need to be addressed and changes - hard painful unpopular everyone will cry changes - that has to happen. But not the way they are doing it and I'm sure they aren't actually noble in their cause, rather lining their own pockets.

It's sad because we did need the changes and sad because we lose double for missing out on the changes and for giving up so much more to T & M.

None of their ideas are right. The part about saving money was just a way to sell looting the government to the American people.

Musk has earned nearly a billion dollars by getting US government contract awards.

Trump has no problem spending $200M on ads with Kristi saying he's doing a great job with deportations.

For a full month of work Musk has “saved” 4-9 billion. On the high side that is 432 billion over 4 years on a 6.7 trillion dollar budget.

That's a lie. Be better.

Anonymous wrote:Yesterday dumbass said the big three automakers were delighted with the tariffs, and now they’re saying the tariffs are being delayed due to concerns from the automakers. So which is it? It seems to me like he is losing credibility which in turn hurts his negotiating position.

He never had credibility, but he does have power.

Yesterday dumbass said the big three automakers were delighted with the tariffs, and now they’re saying the tariffs are being delayed due to concerns from the automakers. So which is it? It seems to me like he is losing credibility which in turn hurts his negotiating position.

At some point, it's like the boy who cried wolf. Tariff! Oh, just kidding, no tariff. When will people stop believing what he says?