For Manufacturers, Bidenomics Tops Maganomics Every Time

[The5thHorseman]

The evidence is mounting that tax incentives are better than tariffs as a way to protect and spur US industrial investment.

Bloomberg - Are you a robot?

Joe Biden has laid it on the line, asking voters to make a head-to-head comparison between him and Donald Trump. Who, the President asked, has been more successful at bringing manufacturing jobs back to America? Simply comparing new investment in factories under the two administrations gives the clear edge to Biden. Still, Trump could argue that Biden’s incentive programs are larger and enjoyed the backing of Congress, while he had to fight the free traders within his own Republican party.

A fairer comparison would be between Bidenomics as practiced and the more comprehensive tariff plan Trump says he would implement if he were to regain the White House than what he enacted during his first administration. Unfortunately for the former President, economic analysis still comes out against him. The broad tariffs envisioned by Trump simply don’t provide the same bang for the buck as Biden’s targeted incentives.

Mind you, this is Karl Smith, Bloomberg's resident "fresh water economist".

Trump was sold one his trade war by a very bad economist, and there was little if any support for his approach even from
conservative economists, with good reason.

Trade wars are a loser, as much of the world has recognized since 1936.

This happened because Trump doesn't understand economics.

President Donald Trump's proposed tariffs on steel and aluminum imports are "straight up stupid," a top economist told CNBC on Friday.

Trump's tariffs announcement Thursday night has been broadly condemned by both sides of the U.S. political spectrum and the international community at large.

"This is just straight up stupid," Adam Posen, president of the Peterson Institution for International Economics, said Friday. "This is fundamentally incompetent, corrupt or misguided."

Posen, who served at the Federal Reserve Bank of New York in the mid-1990s, currently sits on the panel of economic advisers to the U.S. Congressional Budget Office.

‘Straight up stupid,' 'incompetent' and 'misguided’: Economist Adam Posen rips Trump's tariffs


Why would anyone give him back the keys to the economy?

 

[Deplorable Yankee]

Ya mean the

The evidence is mounting that tax incentives are better than tariffs as a way to protect and spur US industrial investment.

Bloomberg - Are you a robot?

Joe Biden has laid it on the line, asking voters to make a head-to-head comparison between him and Donald Trump. Who, the President asked, has been more successful at bringing manufacturing jobs back to America? Simply comparing new investment in factories under the two administrations gives the clear edge to Biden. Still, Trump could argue that Biden’s incentive programs are larger and enjoyed the backing of Congress, while he had to fight the free traders within his own Republican party.

A fairer comparison would be between Bidenomics as practiced and the more comprehensive tariff plan Trump says he would implement if he were to regain the White House than what he enacted during his first administration. Unfortunately for the former President, economic analysis still comes out against him. The broad tariffs envisioned by Trump simply don’t provide the same bang for the buck as Biden’s targeted incentives.

Mind you, this is Karl Smith, Bloomberg's resident "fresh water economist".

Trump was sold one his trade war by a very bad economist, and there was little if any support for his approach even from
conservative economists, with good reason.

Trade wars are a loser, as much of the world has recognized since 1936.

This happened because Trump doesn't understand economics.

President Donald Trump's proposed tariffs on steel and aluminum imports are "straight up stupid," a top economist told CNBC on Friday.

Trump's tariffs announcement Thursday night has been broadly condemned by both sides of the U.S. political spectrum and the international community at large.

"This is just straight up stupid," Adam Posen, president of the Peterson Institution for International Economics, said Friday. "This is fundamentally incompetent, corrupt or misguided."

Posen, who served at the Federal Reserve Bank of New York in the mid-1990s, currently sits on the panel of economic advisers to the U.S. Congressional Budget Office.

‘Straight up stupid,' 'incompetent' and 'misguided’: Economist Adam Posen rips Trump's tariffs


Why would anyone give him back the keys to the economy?

Trumps tariffs we're deeply concerning to the chi coms ...safe n effective even

 

[The5thHorseman]

Ya mean the

Trumps tariffs we're deeply concerning to the chi coms ...safe n effective even

What was their "effect"?

 

[John Edgar Slow Horses]

Biden's increased home-based manufacturing far out strips Trump's tariffs and incentives.

 

[BluesLegend]

LMAO yeah that was my reaction to the thread title fantasy.

 

[Mac1958]

Why would anyone give him back the keys to the economy?

Somehow, they keep believing the most obvious con man in the country's history when he lies about how great his economy was.

In reality:

1. He received TRILLIONS in help not only from the Federal Reserve, but from the NY Fed specifically when credit windows collapsed
2. He BEGGED the Fed for EVEN MORE inflationary quantitative easing, even though the economy was not in recession
3. He BEGGED the Fed for a full, inflationary ONE PERCENT decrease in interest rates, when the Fed would never move rates that quickly
4. He signed a massive, inflationary spending bill, literally applauded it, and then bragged when it stimulated the economy
5. Told an adoring crowd at a fundraiser, "who CARES about the budget, we're gonna have a country!"
6. He brought on an extended manufacturing recession in 2019 with his stupid, ignorant, caveman China policy
7. Bragged about, and took credit for, an unemployment rate that was CLEARLY FALLING when he took office
8. GDP was only at 2.3% when COVID hit, which is no sane person's idea of "the best economy ever"

I don't know how Americans can fall for this con man, but they are.

 

[The5thHorseman]

Somehow, they keep believing the most obvious con man in the country's history when he lies about how great his economy was.

In reality:

1. He received TRILLIONS in help not only from the Federal Reserve, but from the NY Fed specifically when credit windows collapsed
2. He BEGGED the Fed for EVEN MORE inflationary quantitative easing, even though the economy was not in recession
3. He BEGGED the Fed for a full, inflationary ONE PERCENT decrease in interest rates, when the Fed would never move rates that quickly
4. He signed a massive, inflationary spending bill, literally applauded it, and then bragged when it stimulated the economy
5. Told an adoring crowd at a fundraiser, "who CARES about the budget, we're gonna have a country!"
6. He brought on an extended manufacturing recession in 2019 with his stupid, ignorant, caveman China policy
7. Bragged about, and took credit for, an unemployment rate that was CLEARLY FALLING when he took office
8. GDP was only at 2.3% when COVID hit, which is no sane person's idea of "the best economy ever"

I don't know how Americans can fall for this con man, but they are.

That is a remarkable record of ineptitude...who was his CEA?

That idiot Larry Kudlow?


Wait....what's that?

It WAS Larry Kudrow?

This is awkward..

 

[The5thHorseman]

LMAO yeah that was my reaction to the thread title fantasy.

What do you have to contradict it?

 

[Independent thinker]

The evidence is mounting that tax incentives are better than tariffs as a way to protect and spur US industrial investment.

Bloomberg - Are you a robot?

Joe Biden has laid it on the line, asking voters to make a head-to-head comparison between him and Donald Trump. Who, the President asked, has been more successful at bringing manufacturing jobs back to America? Simply comparing new investment in factories under the two administrations gives the clear edge to Biden. Still, Trump could argue that Biden’s incentive programs are larger and enjoyed the backing of Congress, while he had to fight the free traders within his own Republican party.

A fairer comparison would be between Bidenomics as practiced and the more comprehensive tariff plan Trump says he would implement if he were to regain the White House than what he enacted during his first administration. Unfortunately for the former President, economic analysis still comes out against him. The broad tariffs envisioned by Trump simply don’t provide the same bang for the buck as Biden’s targeted incentives.

Mind you, this is Karl Smith, Bloomberg's resident "fresh water economist".

Trump was sold one his trade war by a very bad economist, and there was little if any support for his approach even from
conservative economists, with good reason.

Trade wars are a loser, as much of the world has recognized since 1936.

This happened because Trump doesn't understand economics.

President Donald Trump's proposed tariffs on steel and aluminum imports are "straight up stupid," a top economist told CNBC on Friday.

Trump's tariffs announcement Thursday night has been broadly condemned by both sides of the U.S. political spectrum and the international community at large.

"This is just straight up stupid," Adam Posen, president of the Peterson Institution for International Economics, said Friday. "This is fundamentally incompetent, corrupt or misguided."

Posen, who served at the Federal Reserve Bank of New York in the mid-1990s, currently sits on the panel of economic advisers to the U.S. Congressional Budget Office.

‘Straight up stupid,' 'incompetent' and 'misguided’: Economist Adam Posen rips Trump's tariffs


Why would anyone give him back the keys to the economy?

Horsey, Biden is dropping like a rock because Americans don't believe his BS about how great things are when they see for themselves every time they go to the grocery store.

 

[The5thHorseman]

Horsey, Biden is dropping like a rock because Americans don't believe his BS about how great things are when they see for themselves every time they go to the grocery store.

How does that determine the effectiveness of trade policy?

 

[Independent thinker]

How does that determine the effectiveness of trade policy?

Horsey, Biden is dropping like a rock because Americans don't believe his BS about how great things are when they see for themselves every time they go to the grocery store.

 

[jbrownson0831]

Biden's increased home-based manufacturing far out strips Trump's tariffs and incentives.

Kookbot.....

 

[22lcidw]

The evidence is mounting that tax incentives are better than tariffs as a way to protect and spur US industrial investment.

Bloomberg - Are you a robot?

Joe Biden has laid it on the line, asking voters to make a head-to-head comparison between him and Donald Trump. Who, the President asked, has been more successful at bringing manufacturing jobs back to America? Simply comparing new investment in factories under the two administrations gives the clear edge to Biden. Still, Trump could argue that Biden’s incentive programs are larger and enjoyed the backing of Congress, while he had to fight the free traders within his own Republican party.

A fairer comparison would be between Bidenomics as practiced and the more comprehensive tariff plan Trump says he would implement if he were to regain the White House than what he enacted during his first administration. Unfortunately for the former President, economic analysis still comes out against him. The broad tariffs envisioned by Trump simply don’t provide the same bang for the buck as Biden’s targeted incentives.

Mind you, this is Karl Smith, Bloomberg's resident "fresh water economist".

Trump was sold one his trade war by a very bad economist, and there was little if any support for his approach even from
conservative economists, with good reason.

Trade wars are a loser, as much of the world has recognized since 1936.

This happened because Trump doesn't understand economics.

President Donald Trump's proposed tariffs on steel and aluminum imports are "straight up stupid," a top economist told CNBC on Friday.

Trump's tariffs announcement Thursday night has been broadly condemned by both sides of the U.S. political spectrum and the international community at large.

"This is just straight up stupid," Adam Posen, president of the Peterson Institution for International Economics, said Friday. "This is fundamentally incompetent, corrupt or misguided."

Posen, who served at the Federal Reserve Bank of New York in the mid-1990s, currently sits on the panel of economic advisers to the U.S. Congressional Budget Office.

‘Straight up stupid,' 'incompetent' and 'misguided’: Economist Adam Posen rips Trump's tariffs


Why would anyone give him back the keys to the economy?

I want to purchase an American car that lasts for hundreds of thousands of miles with little yearly maintenance and the car dealers respecting me. Oh I know...that is a dream...

 

[jbrownson0831]

Somehow, they keep believing the most obvious con man in the country's history when he lies about how great his economy was.

In reality:

1. He received TRILLIONS in help not only from the Federal Reserve, but from the NY Fed specifically when credit windows collapsed
2. He BEGGED the Fed for EVEN MORE inflationary quantitative easing, even though the economy was not in recession
3. He BEGGED the Fed for a full, inflationary ONE PERCENT decrease in interest rates, when the Fed would never move rates that quickly
4. He signed a massive, inflationary spending bill, literally applauded it, and then bragged when it stimulated the economy
5. Told an adoring crowd at a fundraiser, "who CARES about the budget, we're gonna have a country!"
6. He brought on an extended manufacturing recession in 2019 with his stupid, ignorant, caveman China policy
7. Bragged about, and took credit for, an unemployment rate that was CLEARLY FALLING when he took office
8. GDP was only at 2.3% when COVID hit, which is no sane person's idea of "the best economy ever"

I don't know how Americans can fall for this con man, but they are.

Because he is the only one who can rid the country of its evil America destroying infestation.....including you.

 

[The5thHorseman]

Horsey, Biden is dropping like a rock because Americans don't believe his BS about how great things are when they see for themselves every time they go to the grocery store.

Try addressing the topic.

No one cares about your second hand reports of what Americans are experiencing.

 

[The5thHorseman]

I want to purchase an American car that lasts for hundreds of thousands of miles with little yearly maintenance and the car dealers respecting me. Oh I know...that is a dream...

When was the last time you did so?

 

[BluesLegend]

What do you have to contradict it?

Ah, reality.

 

[jbrownson0831]

Try addressing the topic.

No one cares about your second hand reports of what Americans are experiencing.

So....you don't have to support yourself or buy products like gas or groceries?
I would say your experience would be the second hand version and ours the first.

 

[The5thHorseman]

Ah, reality.

Is it measurable?

 

[The5thHorseman]

So....you don't have to support yourself or buy products like gas or groceries?
I would say your experience would be the second hand version and ours the first.

What do you think?

I don't photosynthesize...