ETTD

Anonymous wrote:I had to go look up what happened to farmers after the last tariffs and here are some numbers:

- the 2018 tariffs cost farmers between $27-$30 billion

- we paid those farmers $23 billion in aid to bail them out

- according to an agricultural news and information source about the old and new tariffs, “when Trump left office in 2020, farm income increased by 27% with President Joe Biden at the helm.”

The farmers were just starting to recover from trump tariffs in 2018, and now they are dealing with this. And some of their business never returned after 2018. China was the biggest buyer of U.S. soybeans, and they largely swapped to buying soybeans from Brazil instead. The U.S. never got the lion’s share of the market back because china chose to stay with Brazil. Now that china is retaliating with further soybean tariffs, guess who is there to scoop up the few contracts that remained? Brazil again. The soybean trade with china will never come back.

Anonymous wrote:

Anonymous wrote:Conservative, usually pro-Trump legal group NCLA sues Trump over tariffs.

Interesting development.

Damn that’s the conservative ACLU, basically. Margot Cleveland is a name there that people here might recognize.
https://nclalegal.org/press_release/ncla-sues-to-stop-trump-admin-from-imposing-emergency-tariffs-that-congress-never-authorized/

Thanks for this. Trump's tariffs are beyond his authority - Congress is considering taking action but the courts might beat them to it. Fools.

Anonymous wrote:

Anonymous wrote:Conservative, usually pro-Trump legal group NCLA sues Trump over tariffs.

Interesting development.

Damn that’s the conservative ACLU, basically. Margot Cleveland is a name there that people here might recognize.
https://nclalegal.org/press_release/ncla-sues-to-stop-trump-admin-from-imposing-emergency-tariffs-that-congress-never-authorized/

Funny, I follow her on Twitter because she live tweets lots of hearings and she's all-in on tariffing all those freeloading countries including the uninhabited islands.

Glad to hear that the NCLA has brains, at least.

Anonymous wrote:I just did a quick check of the the websites of most of the major news outlets in the world and all of them have main page/giant/leading headlines about the tariffs/stock market/recession fears EXCEPT for Fox News. On the Fox News site, the huge lead story on the main page is about a teenager killed at a track meet (tragic obviously, but...really) - what an absolute propaganda CLOWN SHOW Fox News is. I realize this is not new information, nor is it surprising. Just sharing.

Who would even watch that garbage network anymore? Not anyone with a college education, from what I hear. I hear that in more affluent suburbs around the country it is now seen as being a major embarrassment to watch that network.

Anonymous wrote:Conservative, usually pro-Trump legal group NCLA sues Trump over tariffs.

Interesting development.

Damn that’s the conservative ACLU, basically. Margot Cleveland is a name there that people here might recognize.
https://nclalegal.org/press_release/ncla-sues-to-stop-trump-admin-from-imposing-emergency-tariffs-that-congress-never-authorized/

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the House votes to repeal Trump's emergency declaration, can Trump veto this, or are the tariffs automatically gone?

Yes, but only the Canada and Mexico tariffs.

All the tariffs are based on an emergency declaration.

Thanks - seriously appreciate the correction. So all this <waves hands> is based on the fiction that we’re under some kind of fentanyl attack?

Conservative, usually pro-Trump legal group NCLA sues Trump over tariffs.

Interesting development.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A picture is worth 10 points in the SP Index.

That chart is so last week

I miss those days. We're not even on that chart anymore. The S&P closed below 5400 today.

My portfolio is only down 1%, but its mostly boring dividend payers and no tech. Don't get the rapid highs or lows. Will see how it all shakes out in the long run.

Anonymous wrote:

Anonymous wrote:The drama on the tariff is just not bothering regular people. It is a temporary thing and I am happy that my friends in auto industry and other industry will have jobs. Too often republicans just think of wealthy. They finally are prioritizing middle class. The tariffs are a negotiating tool and also glad it has been show how the USA has been way overpaying for years. Time to have some reciprocity and allow more of our good out.

The tariffs were JUST announced...people won't feel it for a few months.
Auto manufacturers are already laying people off, as is Whirlpool.

The Atlanta GDPNow was at -3.7% before the tariffs were announced. Now? I don't even want to know.

Anonymous wrote:The drama on the tariff is just not bothering regular people. It is a temporary thing and I am happy that my friends in auto industry and other industry will have jobs. Too often republicans just think of wealthy. They finally are prioritizing middle class. The tariffs are a negotiating tool and also glad it has been show how the USA has been way overpaying for years. Time to have some reciprocity and allow more of our good out.

The tariffs were JUST announced...people won't feel it for a few months.
Auto manufacturers are already laying people off, as is Whirlpool.

Anonymous wrote:

Anonymous wrote:I had to go look up what happened to farmers after the last tariffs and here are some numbers:

- the 2018 tariffs cost farmers between $27-$30 billion

- we paid those farmers $23 billion in aid to bail them out

- according to an agricultural news and information source about the old and new tariffs, “when Trump left office in 2020, farm income increased by 27% with President Joe Biden at the helm.”

Yeah, and those effing farmers voted for the felon because they liked handouts. If this is capitalism, let businesses fail. They don’t need a bailout. They can suffer like the rest of us.

Exactly. F them! I’m a small business owner who has NEVER been bailed out. I pay my taxes (37%!!) and I’m 100% fine with supporting safety net programs but F farmers and F the automakers. I’m done bailing them out. They voted for this garbage, let them FO

The tariffs will cause Republicans to lose the midterms so catastrophically badly that they will be worth it. Tarriff away, Trump!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A picture is worth 10 points in the SP Index.

That chart is so last week

I miss those days. We're not even on that chart anymore. The S&P closed below 5400 today.