Anonymous wrote:I think a lot of MAGA are small business owners. I find it shocking that the GOP is turning their back on them. They are Main Street America. The tax cuts will help but the tariffs are going to eat all that up and more.

In a letter sent to the Treasury Secretary Scott Bessent on Wednesday, Suzanne Clark, president and CEO of the Chamber of Commerce, asks for an "automatic exclusion" from new tariffs for U.S. small businesses that import goods from abroad. Small businesses do not have the margin or capital reserves to survive an increase in tariffs, Clark wrote in the letter. "The Chamber requests the administration take immediate action to save America's small businesses and stave off a recession," she wrote.

The White House on Thursday rebuffed an effort to give small U.S. business owners any immediate relief from tariffs, saying those companies would get economic relief from tax cuts that Congress is seeking to extend.

Anonymous wrote:I think a lot of MAGA are small business owners. I find it shocking that the GOP is turning their back on them. They are Main Street America. The tax cuts will help but the tariffs are going to eat all that up and more.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:New York Times is all worried that China will dump cheap goods in Europe and ruin industry in Europe. That rascal Trump is causing all sorts of havoc with his tariffs that he wants to put in to keep China from dumping cheap goods in America and ruining industry in America.

Tell this to all the small businesses in America.

https://www.cbsnews.com/news/trump-tariffs-china-small-business-tax-imports-impact/

BTW, Trump and Ivanka clothing line was Made in China. They didn't seem to complain then about the Chinese dumping cheap goods here.

+1000

So much talk of protecting the worker (which I agree with) and the farmers (also agree with).

But what about small business? They can’t pivot the way large companies can. It is devestating to them. I always thought the GOP was the party of small business owners, but I guess I’m wrong about that or it’s no longer true. I’m trying to make sense of all if this. So many Americans are small business owners and the backbone of their communities. Very worried for them.

Anonymous wrote:

Anonymous wrote:New York Times is all worried that China will dump cheap goods in Europe and ruin industry in Europe. That rascal Trump is causing all sorts of havoc with his tariffs that he wants to put in to keep China from dumping cheap goods in America and ruining industry in America.

Tell this to all the small businesses in America.

https://www.cbsnews.com/news/trump-tariffs-china-small-business-tax-imports-impact/

BTW, Trump and Ivanka clothing line was Made in China. They didn't seem to complain then about the Chinese dumping cheap goods here.

Anonymous wrote:What will happen to 20 million plastic Christmas trees?

Anonymous wrote:New York Times is all worried that China will dump cheap goods in Europe and ruin industry in Europe. That rascal Trump is causing all sorts of havoc with his tariffs that he wants to put in to keep China from dumping cheap goods in America and ruining industry in America.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:The -.3% is because of a large boost in imports ahead of tariffs, which is a negative in GPD calculations.

Imports do not reduce GDP.

In the GDP formula they are subtracted because they are included in C, I and G, and the goal is to isolate domestic production.

If imports hadn't surged, CIG would be lower. Imports are independent of domestic production.

GDP = C+I+G +(X–M)

https://fredblog.stlouisfed.org/2018/09/do-imports-subtract-from-gdp/

Steering the economy constantly with artificial subsidies like massive green energy subsidies causes economic dislocation and deficits. Who knew?

Now we're like a heroine addict coming off the sugar. Printing dollars endlessly and dropping helicopter money everywhere had long term consequences. Shocking, eh?

Green economy is a triple bottom line benefit:

- green jobs
- cleaner air and water which has a positive impact on the environment and public health
- energy independence which also means the US can export oil and gas and also save on military spending.

Nope.

- Green jobs are artificial and expensive - unless the government mandates and subsidizes, they aren't appearing in the first place
- crap like forcing EV buying through mandates like federal fleets for the post office are expensive and borne by the tax payer
- forcing the military to purchase biofuels instead of petroleum is expensive
- at the end of that EV charging station is a smokestack, so no again on clean air
- allowing China to poor mouth itself as a developing economy while we unilaterally shoot ourselves in the foot through artificial feel-good mandates kills our competivesness in a global economy
- the more you spend on artificial edicts like green energy, the more you starve other industries because tax revenue cannot be spent in two places at once. We were literally starving other industries because of political mandates from the ivory towers of Washington DC.

Command economies fail every time.

Learn to see ALL sides of the argument, not just the ones you want to tout. There are positives and negatives to every spending decision.

Anonymous wrote:Does anyone actually believe teh 177k jobs number?

Is this Biden's economy or Trump's?