Lets talk about Tariffs and what they mean to you!

[Woodznutz]

Which by itself means the economy suffers and the nation gets worse
.

I rationalize it more positively.

Based on the utility value do you think a new family car is worth $40,000?

 

[Luckyone]

I rationalize it more positively.

You can rationalize it any way you want but less purchases by the public means a slow down on the economy. That is Economy 101 information

 

[dblack]

The last chance to curtail Trump's tariff powers?

President-elect Donald Trump has promised to impose huge new tariffs on goods imported into the United States, a tax increase that could cost Americans

reason.com

 

[Woodznutz]

Ummmmm, we had a ceasefire between Israel and Hezbollah and we had world leaders like Canada and Mexico going to Mar a Lago to discuss closing the border and Trump hasn't even been sworn in yet.

True. Biden isn't just a lame duck; he's a dead duck.

 

[Woodznutz]

You can rationalize it any way you want but less purchases by the public means a slow down on the economy. That is Economy 101 information

Why do think the money that I don't spend, which is in the bank, won't be borrowed and spent by others? The banks are choked with money that could be borrowed for 10 percent or less (it seems that people would rather pay 18-24 percent for credit card purchases). That helps keep bank interest rates down. That's a good thing for the consumer and the economy. "Economy 101" hasn't been very helpful. Maybe we should move on to 2.0.

 

[Independent thinker]

True. Biden isn't just a lame duck; he's a dead duck.

Biden has a lot of things he will go down in history for. The funny part is, Democrats promised him that if he got out of the race, they would preserve his legacy, while patting him on the head and telling him to sit over there in the corner and eat his ice cream. They never told him what his legacy was going to be and he was too busy eating his ice cream to ask them what it was going to be.

 

[Luckyone]

Why do think the money that I don't spend, which is in the bank, won't be borrowed and spent by others? The banks are choked with money that could be borrowed for 10 percent or less (it seems that people would rather pay 18-24 percent for credit card purchases). That helps keep bank interest rates down. That's a good thing for the consumer and the economy. "Economy 101" hasn't been very helpful. Maybe we should move on to 2.0.

I don't have the interest in teaching you the facts about the economy. Suffice it to say that I have been doing this publicly and officially for 47 years and that it how it works.

Here read about it by AI

AI Overview
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Yes, when citizens purchase less products, GDP goes down:

• GDP calculation
  GDP is calculated by adding consumer spending, government spending, business investment, exports, and subtracting imports. When consumers spend less, business production decreases, which causes GDP to go down.
  
  
• Consumer spending
  Consumer spending is a major driver of the economy. In 2024's third quarter, personal consumption expenditures made up almost 68% of the U.S. GDP.
  
  
• Recession
  A common definition of a recession is two consecutive quarters of declining GDP. When this happens, governments and central banks may adjust policy to boost growth.

 

[Woodznutz]

I don't have the interest in teaching you the facts about the economy. Suffice it to say that I have been doing this publicly and officially for 47 years and that it how it works.

Here read about it by AI

AI Overview
Learn more

Yes, when citizens purchase less products, GDP goes down:

• GDP calculation
  GDP is calculated by adding consumer spending, government spending, business investment, exports, and subtracting imports. When consumers spend less, business production decreases, which causes GDP to go down.
  
  
• Consumer spending
  Consumer spending is a major driver of the economy. In 2024's third quarter, personal consumption expenditures made up almost 68% of the U.S. GDP.
  
  
• Recession
  A common definition of a recession is two consecutive quarters of declining GDP. When this happens, governments and central banks may adjust policy to boost growth.

Are you suggesting that no one have savings accounts? Where do you think consumer loans come from? Also, are you against waiting for prices to come down, which they often do due to poor sales when prices are too high? Sales present another important consumer level of the economy. And, I don't think we're having a shortage of consumer purchases at this time. GDP is growing at nearly 4 percent/yr. and with it more consumer debt.

I've operated on a strictly cash basis for the last 40 years and it has worked out very well for me. I'm what's called a "deadbeat".

 

[Luckyone]

Are you suggesting that no one have savings accounts? Where do you think consumer loans come from? And, what has your expertise done for the country's economy?

Sigh, Supply and Demand is what runs the economy of any nation. If there is no demand and the supply is high, everyone (consumer and supplier) suffers no matter how much money is in the savings account. The economy is based on things like that taxes charged for purchases, taxes charged on profits, etc. If no one is purchasing, the government is not receiving the funds it needs to pay for the services it provides, the businesses are not able to sell their products and go bankrupt and the economy goes down.

 

[Toddsterpatriot]

You can rationalize it any way you want but less purchases by the public means a slow down on the economy. That is Economy 101 information

Less money spent on imports doesn't slow down the economy, idiot.

 

[Toddsterpatriot]

I don't have the interest in teaching you the facts about the economy. Suffice it to say that I have been doing this publicly and officially for 47 years and that it how it works.

Here read about it by AI

AI Overview
Learn more

Yes, when citizens purchase less products, GDP goes down:

• GDP calculation
  GDP is calculated by adding consumer spending, government spending, business investment, exports, and subtracting imports. When consumers spend less, business production decreases, which causes GDP to go down.
  
  
• Consumer spending
  Consumer spending is a major driver of the economy. In 2024's third quarter, personal consumption expenditures made up almost 68% of the U.S. GDP.
  
  
• Recession
  A common definition of a recession is two consecutive quarters of declining GDP. When this happens, governments and central banks may adjust policy to boost growth.

Now add in "net imports".

 

[Woodznutz]

Sigh, Supply and Demand is what runs the economy of any nation. If there is no demand and the supply is high, everyone (consumer and supplier) suffers no matter how much money is in the savings account. The economy is based on things like that taxes charged for purchases, taxes charged on profits, etc. If no one is purchasing, the government is not receiving the funds it needs to pay for the services it provides, the businesses are not able to sell their products and go bankrupt and the economy goes down.

Of course. The economy expands or contracts with the 'velocity' of money. But you can only bake so much debt into the economy before it will unravel.

 

[Luckyone]

Of course. The economy expands or contracts with the 'velocity' of money. But you can only bake so much debt into the economy before it will unravel.

That is true but that is a problem that ALL presidents have brought to the table (with the exception of Clinton).

 

[Woodznutz]

I don't have the interest in teaching you the facts about the economy. Suffice it to say that I have been doing this publicly and officially for 47 years and that it how it works.

Here read about it by AI

AI Overview
Learn more

Yes, when citizens purchase less products, GDP goes down:

• GDP calculation
  GDP is calculated by adding consumer spending, government spending, business investment, exports, and subtracting imports. When consumers spend less, business production decreases, which causes GDP to go down.
  
  
• Consumer spending
  Consumer spending is a major driver of the economy. In 2024's third quarter, personal consumption expenditures made up almost 68% of the U.S. GDP.
  
  
• Recession
  A common definition of a recession is two consecutive quarters of declining GDP. When this happens, governments and central banks may adjust policy to boost growth.

Herky jerky. That's how the economy works.

 

[Woodznutz]

That is true but that is a problem that ALL presidents have brought to the table (with the exception of Clinton).

I take care of my own economy. I can't do much about the national economy except to be positive example.

 

[krichton]

Why do think the money that I don't spend, which is in the bank, won't be borrowed and spent by others? The banks are choked with money that could be borrowed for 10 percent or less (it seems that people would rather pay 18-24 percent for credit card purchases). That helps keep bank interest rates down. That's a good thing for the consumer and the economy. "Economy 101" hasn't been very helpful. Maybe we should move on to 2.0.

You think when people stop buying that's good for the economy? Is that what your masters are telling you?

 

[Woodznutz]

You think when people stop buying that's good for the economy? Is that what your masters are telling you?

If enough people stop buying it might be a wakeup call that prices are too high or that credit cards are maxed out. We can't borrow our way to prosperity, and buying stuff to make ourselves feel good reveals a deeper problem. There's a time to spend and a time to save. One shouldn't be a slave to the economy, but to their own financial well-being.

I stopped eating out because the value isn't there anymore. I have cut my own hair since my barbershop closed during Covid. The first time I did I got a better-looking cut than I ever got from my barber.

And, as I said money saved in the bank makes consumer loans possible for others, so the money is always in play somewhere. The economy is big enough that many can reduce spending and use the money to get out of debt.

I spend $thousands each year on supplies for my company, for maintenance projects that my boss would otherwise not do. I once told him that if he ever thinks I'm spending too much of the company's money to let me know. He hasn't as he's delighted with the improvements I make for our rental properties. The tenants love it as well.

 

[hadit]

"A tax On The Consumer': Rand Paul Decimates Trump's Tariff Plan.

Lets talk about Tariffs and what they mean to you!

Trump raised Tariffs on China in 2017 and for the past 4 years, he has stated that if reelected he would raise tariffs on China even more (60% or more). He reinforced that view recently in August, 2024. Trump’s Agenda: Tariffs While campaigning for a second term in office, President-elect...

www.usmessageboard.com

Sen. Rand Paul (R-KY) said he opposed President-elect Donald Trump's plan to place tariffs on imported goods because it would be "a tax on the consumer."

The Republican lawmaker came out against the proposal during a Sunday interview on CBS after host Margaret Brennan asked if he supported billionaire hedge fund CEO Scott Bessent to be Treasury secretary.

Paul said he was "leaning" towards supporting Bessent but had reservations because Trump vowed to use tariffs on imported products.

Why do the same people who complain that tariffs are going to raise prices don't complain when higher corporate taxes will do the same thing?

 

[Toddsterpatriot]

Why do the same people who complain that tariffs are going to raise prices don't complain when higher corporate taxes will do the same thing?

Or when silly regulations raise prices.

 

[dblack]

I still see tariffs as a re-training program for coyotes. They'll just be smuggling different stuff.