Trump will trash the economy

[Synthaholic]

Subsidies: Yes, we still have them​

One of the largest subsidies for ethanol comes from the Federal Renewable Fuel Standard (RFS) mandate, administered by the Environmental Protection Agency (EPA). The RFS requires a certain volume of biofuels to be blended with gasoline and diesel each year. The requirement was 20.94 billion ethanol equivalent gallons (RIN) for 2023 and requirements are 21.54 billion RIN for 2024 and 22.33 billion RIN for 2025.

This means even when ethanol is more expensive than gasoline, it must be produced.

Also corn production itself is heavily subsidized. In 2019, corn producers received subsidies of $2.2 billion (total corn production was around $49.32 billion that year so about 4% of corn production was subsidized).

Subsidies: Yes, we still have them

Even though we are told we don't.

southdakotavoices.substack.com

 

[Toddsterpatriot]

Republicans are subsidizing AI right now, and it's not profitable.

How many more examples would you like, because there's a rich history of the US funding promising technologies.

I agree, we should stop wasting taxpayer dollars on AI and "green" energy.

 

[Toddsterpatriot]

The government subsidizes ethanol.

When will Republicans end it?

I'd end it today.

 

[MisterBeale]

Trump will trash the economy​

The distortions in the economy became endemic and severe starting with the bailout during the financial crises of '08.

That was caused by policies of both parties.

It continued into a conflagration by government policies during the pandemic.

It mattered very little who won the elections, as they were all doomed to not be able to act intelligently.

"No one is ready for what's COMING in the next few months" Gerald Celente warns | Redacted News​

 

[ding]

Trump will destroy President Biden’s beautiful economy if he gets back in. Time to start listing his terrible ideas.

If that's what you really believe then wouldn't it be more important to be prepared for it rather than list his terrible ideas?

Because if you haven't done anything to prepare for it, then can you really say you believe it will happen?

 

[Synthaholic]

If that's what you really believe then wouldn't it be more important to be prepared for it rather than list his terrible ideas?

Because if you haven't done anything to prepare for it, then can you really say you believe it will happen?

I have prepared for it. I got out of the stock market until he crashes it again.

 

[ding]

I have prepared for it. I got out of the stock market until he crashes it again.

Good for you. I hedged by increasing my reserve to 6 years. It's going to be a bumpy ride.

 

[Synthaholic]

Good for you. I hedged by increasing my reserve to 6 years. It's going to be a bumpy ride.

I didn't want the daily roller coaster. Once everything goes to shit again I will look at a few spots to buy the dip. But Wall Street has fucked themselves in the minds of a lot of investors, I think.

 

[Mac1958]

I didn't want the daily roller coaster. Once everything goes to shit again I will look at a few spots to buy the dip. But Wall Street has fucked themselves in the minds of a lot of investors, I think.

The one person I'm watching right now is Bessent.

He's the one (1) person anywhere near Trump who really understands markets and macroeconomics. The street likes and respects him. I was very hopeful when he came on, and I know he can't be comfortable having to defend this seriously stupid shit.

As long as he is there, there is hope for some kind of stability and reason. But if he leaves, or if he's fired, my hand is going to move a little closer to the panic button.

 

[Synthaholic]

Chris Murphy has been one of the few impressive Democrats in the Senate.

 

[JohnDB]

 

[Synthaholic]

When will you imbeciles wake up?

 

[gipper]

This won’t continue. Terrible ahead…

 

[Synthaholic]

 

[Synthaholic]

Major parts supplier goes bankrupt because of Trump Tariffs.

 

[Toddsterpatriot]

Major parts supplier goes bankrupt because of Trump Tariffs.

Losses and a hefty debt load, for years? Weird.

 

[Synthaholic]

Buncha ******* clowns. Can't get a single trade deal done, other than Vietnam. And that one is still not final final.

 

[Synthaholic]

View attachment 1122837

Losses and a hefty debt load, for years? Weird.

And then Trump comes along with the death strike, instead of helping businesses.

 

[Synthaholic]

Del Monte has heavy debt, and overproduction, now that people aren't in a pandemic, when they increased their production to meet demand.

But they didn't declare bankruptcy until Trump's tariff on metal sent can prices soaring. Trump kills another U.S. business instead of helping it thrive.

 

[Toddsterpatriot]

And then Trump comes along with the death strike, instead of helping businesses.

A foreign auto parts supplier, based in Italy and owned by KKR, after struggling with high debt, slowing sales and multi-year losses, tells its two struggling foreign automaker customers that their weakening auto sales and massive EV losses are not to blame for Marelli's impending bankruptcy.

The Dutch and Japanese automakers agree, it's not the moronic EV mandates in the US and across the world, which forced them to waste billions building cars that consumers refuse to buy, which is causing their supplier to declare bankruptcy, it's the fault of the guy imposing tariffs a month ago.