What do we have to do to get our country on the right track?

[drudge X]

Anything short of a separation is only delaying the inevitable, Civil War II.

 

[frigidweirdo]

The "neutral rate" is between 2.5% and 3%. The current rate is 4.1%, so there is room to cut. One other bonus from cutting interest rates is that for every 1% cut that saves $300b a year on interest on that $37T Debt. which could lead to a balanced budget.

Trump knows that his political power hinges on elections, and elections hinge on the cost of living. Biden cost US families $11,400 a year in lost buying power due to his runaway inflation. Trump wants to give families more buying power by cutting energy costs and no tax on tips or OT. Keep watching inflation, it won't go much higher if at all.

The report I saw said importers are paying the tariffs now, but will try to recoup costs later.

Most of the new manufacturing plants, $17T committed are cars and chips.

No clue. Big companies will probably only pay $100,000 for exceptional talent.

As AI kicks in unemployment will get worse. College grads can't find work now, which is why Trump is putting that $100,000 fee on visas, so they hire more American kids.

The problem is that if you increase inflation, people become poorer, have less spending power, the government makes less money to put towards reducing the debt.

Trump had the whole Department of Efficiency and then went off spending money on other things, instead of reducing the debt.

A lot of MAGA were also complaining about Biden and inflation, if you forgot that. Inflation is not good for the ordinary person.

And then you bring up inflation, so you didn't forget, and you blame Biden and now you're supporting Trump trying TO INCREASE INFLATION.

How are you able to attack inflation AND SUPPORT inflation in the same post?

The report you read.... great... what report is that?

Why would a big company spend $100,000 when they can put that person in Canada and not pay that?

So, put $100,000 on a visa that will lead to a brain drain... great idea. Not.

 

[Ringo]

With interest rates, Trump doesn't have control of the Federal Reserve.

An employee cannot control his boss. To do so, he would have to become a communist and consign those bosses to the dustbin of history.

 

[kyzr]

The problem is that if you increase inflation, people become poorer, have less spending power, the government makes less money to put towards reducing the debt. Trump had the whole Department of Efficiency and then went off spending money on other things, instead of reducing the debt. A lot of MAGA were also complaining about Biden and inflation, if you forgot that. Inflation is not good for the ordinary person. And then you bring up inflation, so you didn't forget, and you blame Biden and now you're supporting Trump trying TO INCREASE INFLATION. How are you able to attack inflation AND SUPPORT inflation in the same post?

Cutting interest rates does not necessarily cause inflation. Cutting interest rates below the neutral rate causes inflation. When the Fed's rate is above the neutral rate, that is called "restrictive", that is where we are now. That is why the Fed needs to lower the interest rate. We are at 4.1% and the neutral rate is between 2.5% and 3%.

The report you read.... great... what report is that?
Why would a big company spend $100,000 when they can put that person in Canada and not pay that?
So, put $100,000 on a visa that will lead to a brain drain... great idea. Not.

We need jobs for US kids, pony up $100,000 for that exceptional talent, or hire an American for that $100,000.

 

[frigidweirdo]

Cutting interest rates does not necessarily cause inflation. Cutting interest rates below the neutral rate causes inflation. When the Fed's rate is above the neutral rate, that is called "restrictive", that is where we are now. That is why the Fed needs to lower the interest rate. We are at 4.1% and the neutral rate is between 2.5% and 3%.

We need jobs for US kids, pony up $100,000 for that exceptional talent, or hire an American for that $100,000.

No, it doesn't. But cutting interest rates in order to achieve that boost that Trump wants, will.

Who do you trust more, the Federal Reserve or Trump. I'm at about 2.5 trillion percent for the Federal Reserve. They know what they're doing, Trump doesn't care.

Yes, the US needs jobs. And by being in the international market there are jobs. Leave that, and the jobs will dry up.

 

[kyzr]

No, it doesn't. But cutting interest rates in order to achieve that boost that Trump wants, will.
Who do you trust more, the Federal Reserve or Trump. I'm at about 2.5 trillion percent for the Federal Reserve. They know what they're doing, Trump doesn't care.

Trump wants to boost the economy to get more tax revenue, and to reduce the interest payments on that $37T to cut the budget deficit. But you are correct that the Fed economists need to keep the rate high enough to preclude inflation.

Yes, the US needs jobs. And by being in the international market there are jobs. Leave that, and the jobs will dry up.

If you say so.

 

[frigidweirdo]

Trump wants to boost the economy to get more tax revenue, and to reduce the interest payments on that $37T to cut the budget deficit. But you are correct that the Fed economists need to keep the rate high enough to preclude inflation.

If you say so.

Or Trump wants to do lots of things to make rich people richer.

He wants to devalue the dollar, which does what? The UK lost a lot of value of the pound due to Brexit and everyone is poorer except for a few multi-millionaires who are selling products for cheaper abroad.

The people of Britain are paying MORE for foreign goods, more when they go abroad (which is a lot because the UK is cold and Spain and Greece aren't).

Think about it, if you're a company that NEEDS a high level of employees and you can't find them in the US and can't afford to get ones from abroad, what do you do?

 

[kyzr]

Or Trump wants to do lots of things to make rich people richer.
He wants to devalue the dollar, which does what? The UK lost a lot of value of the pound due to Brexit and everyone is poorer except for a few multi-millionaires who are selling products for cheaper abroad.

Here is AI's take on devaluing the dollar.

The people of Britain are paying MORE for foreign goods, more when they go abroad (which is a lot because the UK is cold and Spain and Greece aren't).

We migrate to FL for the winter.

Think about it, if you're a company that NEEDS a high level of employees and you can't find them in the US and can't afford to get ones from abroad, what do you do?

They can find them in the US.

 

[frigidweirdo]

Here is AI's take on devaluing the dollar.
View attachment 1165639

We migrate to FL for the winter.

They can find them in the US.

So AI supports my argument

Florida is in the US.

Can they find people in the US to do these jobs?

 

[kyzr]

So AI supports my argument

Yes to an extant, there are "risks".

Florida is in the US.

So my currency isn't devalued as if I went to Spain or Greece, in your example.

Can they find people in the US to do these jobs?

I assume so. We have a lot of very smart kids, and a lot who are not very smart. We'll see.

 

[frigidweirdo]

Yes to an extant, there are "risks".

So my currency isn't devalued as if I went to Spain or Greece, in your example.

I assume so. We have a lot of very smart kids, and a lot who are not very smart. We'll see.

The "risks" are pretty well known, the Federal Reserve, full of people who know the "risks", know what is most likely to happen.

Yeah, if you use the dollar, and you go to somewhere using the dollar, you'll be paying the same (except for the increases in the price of foreign things and the increases for inflation etc). If you go to somewhere that uses a different currency, you'll lose.

For example, the pound lost a lot.

The day before the Brexit vote, if you changed money, you'd get €130 for £100.

The next day you'd get €120 for £100.

So, everything cost you that much more.

In the US if the dollar is devalued, one dollar is still one dollar.

A lot of smart kids, smart enough, perhaps, to move their business outside of the US if the cost of hiring people gets too high? You're either looking at paying $100,000 for a skilled worker OR with less skilled workers the cost of wages will go up. Move to Canada and it's so much cheaper.

 

[there4eyeM]

An employee cannot control his boss. To do so, he would have to become a communist and consign those bosses to the dustbin of history.

Congress is composed of those whom we employ, yet who controls whom?

 

[there4eyeM]

What about a new party, new approach to this intersection of social directions? A party that proposes advanced,
intelligence-enhancing techniques to streamline Congress and its law-making processes. Reducing "personality culting". Determining rapidly and thoroughly the Constitutional and Juridic validity of bills and proposals. Applying the most advanced capacities of modeling and comparison of what results are most likely as a result of new laws. Removing partisanship and party-preserving distortions in judgement.