jc456
Diamond Member
- Dec 18, 2013
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World renowned economist changes tune on Trump tariffs: Maybe he’s ‘outsmarted us all’
- Thread starter Billiejeens
- Start date
BluesLegend
Diamond Member
Stock market at record highs, inflation down, gas prices lowest they have been in 4 years, JOBS COMING BACK! Did you hear GE is moving washing machine manufacturing back to the U.S. from China, with a huge investment here in the U.S.? We are scraping some of those good paying manufacturing jobs back.
All hail our conquering hero president Trump!!!
All hail our conquering hero president Trump!!!
jknowgood
Diamond Member
But inflation is down, thanks to Trump.
IM2
Diamond Member
- Mar 11, 2015
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Inflation is not down because of trump.
President-elect Trump is inheriting a historically strong economy
President-elect Trump will inherit unquestionably the strongest economy for an incoming administration since the George W. Bush administration. That strong economic performance heading up to the 2001 transition, moreover, was largely buoyed by an overvalued stock market that was about to deflate...
www.epi.org
The Next President Inherits a Remarkable Economy
"Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame," the Wall Street Journal reports.
politicalwire.com
2025 Could Be a Great Time to Be President, Economically Speaking
Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.
Trump inherits a sturdy economy
Higher tariffs and lower taxes are key to Trump’s plan. The WSJ’s Greg Ip weighs their potential effect on the economy Biden and the Fed built.
America’s strong economy: The next president will have a lot to work with
We are very pleased to say the American economy is doing quite well. In the third quarter of 2024, the nation’s GDP — that’s the value of all the goods and services it produces minus the value of t…
www.nydailynews.com
The Next President Inherits a Remarkable Economy - Governors' Wind Energy Coalition
governorswindenergycoalition.org
Stop giving Trump credit for things he has not done. You idiots denigrated a good man who built a record economy and put in a buffoon who is going to mess it up. How many different times do we have to go through this? You right-wingers voted to mess up America in 2000 when we were looking at projected government surpluses. You right-wingers decided to mess up America in 2016 because a black man had been the president. And you did the same thing last year. Each time America was on the verge of creating serious growth and prosperity and you right wingers decided to vote for bullshit.
Weird cause he’s already collected billion in tariff revenue
jknowgood
Diamond Member
Oh bullshit, you loons said inflation was going to soar with his tariffs. I guess you lied once again.Inflation is not down because of trump.
President-elect Trump is inheriting a historically strong economy
President-elect Trump will inherit unquestionably the strongest economy for an incoming administration since the George W. Bush administration. That strong economic performance heading up to the 2001 transition, moreover, was largely buoyed by an overvalued stock market that was about to deflate...The Next President Inherits a Remarkable Economy
"Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame," the Wall Street Journal reports.2025 Could Be a Great Time to Be President, Economically Speaking
Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.www.nytimes.com
Trump inherits a sturdy economy
Higher tariffs and lower taxes are key to Trump’s plan. The WSJ’s Greg Ip weighs their potential effect on the economy Biden and the Fed built.www.marketplace.org
America’s strong economy: The next president will have a lot to work with
We are very pleased to say the American economy is doing quite well. In the third quarter of 2024, the nation’s GDP — that’s the value of all the goods and services it produces minus the value of t…The Next President Inherits a Remarkable Economy - Governors' Wind Energy Coalition
Stop giving Trump credit for things he has not done. You idiots denigrated a good man who built a record economy and put in a buffoon who is going to mess it up. How many different times do we have to go through this? You right-wingers voted to mess up America in 2000 when we were looking at projected government surpluses. You right-wingers decided to mess up America in 2016 because a black man had been the president. And you did the same thing last year. Each time America was on the verge of creating serious growth and prosperity and you right wingers decided to vote for bullshit.
That was a thread about Walmart raising prices in the future. Not already raising them. I have been consistent on tariffs because I pay lots of them in my business. Products are just now hitting.
- Metal products were hit the worst. Delta and Kohler (Faucets) raised prices substantially in May for June and later shipments, other product manufacturers are raising prices now.
- If you are buying clothing or shoes, factories had already printed and applied tickets to products through back to school and it was going to cost them more to print new tickets, open boxes, reticket, and reseal than the tariff so they are shipping those items without raising prices. The clothing for fall wasn’t already ticketed and will come in with higher prices.
- Many importers have 4-13 weeks of supply on hand at lower costs which exhausts this month.
The FED agrees with me:
Inflation creeps higher in May and dims chances of the Fed cutting interest rates soon
Last edited:
Independent thinker
Diamond Member
- Oct 15, 2015
- 38,537
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They are also one of the lowest paying members in NATO. They want all the benefits without having to pay anything.Trump TERMINATES all trade talks with Canada!I told you Canada would F around and be the one left out in the cold. RIP Canada economy.
Independent thinker
Diamond Member
- Oct 15, 2015
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I would really like to see parts of Canada become part of the US but not the whole stinking country.
Independent thinker
Diamond Member
- Oct 15, 2015
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What's wrong with that? I love it!
Independent thinker
Diamond Member
- Oct 15, 2015
- 38,537
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You mean like Obama getting a Nobel prize for doing nothing?Inflation is not down because of trump.
President-elect Trump is inheriting a historically strong economy
President-elect Trump will inherit unquestionably the strongest economy for an incoming administration since the George W. Bush administration. That strong economic performance heading up to the 2001 transition, moreover, was largely buoyed by an overvalued stock market that was about to deflate...The Next President Inherits a Remarkable Economy
"Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame," the Wall Street Journal reports.2025 Could Be a Great Time to Be President, Economically Speaking
Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.Trump inherits a sturdy economy
Higher tariffs and lower taxes are key to Trump’s plan. The WSJ’s Greg Ip weighs their potential effect on the economy Biden and the Fed built.America’s strong economy: The next president will have a lot to work with
We are very pleased to say the American economy is doing quite well. In the third quarter of 2024, the nation’s GDP — that’s the value of all the goods and services it produces minus the value of t…The Next President Inherits a Remarkable Economy - Governors' Wind Energy Coalition
Stop giving Trump credit for things he has not done. You idiots denigrated a good man who built a record economy and put in a buffoon who is going to mess it up. How many different times do we have to go through this? You right-wingers voted to mess up America in 2000 when we were looking at projected government surpluses. You right-wingers decided to mess up America in 2016 because a black man had been the president. And you did the same thing last year. Each time America was on the verge of creating serious growth and prosperity and you right wingers decided to vote for bullshit.
Independent thinker
Diamond Member
- Oct 15, 2015
- 38,537
- 35,153
- 2,788
So, you're saying that you think Americans should buy from China and export jobs to China?
Independent thinker
Diamond Member
- Oct 15, 2015
- 38,537
- 35,153
- 2,788
There are a lot of metal products in your head. I heard lead can cause impaired brain development. You might want to check into that.
Dragonlady
Designing Woman
A world-renowned economist who previously raised the alarm about President Donald Trump’s steep tariffs now suspects that the president may have “outsmarted all of us.”
In a blog post published on Saturday, Apollo Global Management chief economist Torsten Sløk speculated that the president might keep the tariffs low long enough to ease economic uncertainty while also delivering a significant uptick in tax revenue.
Recall that in May, President Trump initiated a 90-day pause on his high tariffs. The pause has coincided with an uptick in the stock market as economic uncertainty has declined.
Sløk’s thesis, as outlined in the blog, appears to be that Trump might keep the pause going even after July 9 so as to keep the market happy and steadily moving back up toward its previous record highs.
If that were to happen, America would benefit both from a skyrocketing stock market AND the revenue from the lowered but still in effect tariffs.
“As we approach the Trump administration’s self-imposed 90-day deadline for trade deals, markets are starting to speculate about what comes next,” Sløk began in his blog post.
World renowned economist changes tune on Trump tariffs: Maybe he’s ‘outsmarted us all’
A world-renowned economist who previously raised the alarm about President Donald Trump’s steep tariffs now suspects that the president may have “outsmarted all of us.” In a […]www.bizpacreview.com
BJ -
Why do people just keep underestimating our beloved President?
Add the Nobel Prize for Economics; officially the Sveriges Riksbanken Prize in Economic Sciences to the list of Nobel Prizes that he deserves.
Talk about making a mountain out of a molehill. "Maybe" is a long, long way from any kind of endorsement. It seems more like this guy is hedging his bets in the unlikely event this tactic is successful.
I also note that while the blog mentions the massive amounts of taxes Trump's policies are raising, there is no mention that this money is coming out of the pockets of American businesses and consumers. Trump is still telling Americans that "Canada is going to pay higher tariffs". No fools. YOU'RE going to pay higher tariffs on gas, electricity, steel and aluminium coming out of Canada. We're not paying tariffs on Canadian goods and services - YOU ARE.
TRUMP'S TARIFFS ARE BEING PAID OUT OF YOUR POCKETS. NOT OURS.
Dragonlady
Designing Woman
The problem is that the economy is so large and complex, that 99% of all Americans from either party don't have a clue how it all works, and they're inclined to believe whatever Trump and the billionaire owned right wing media tells them.
Back in the 1990's, I wondered how Donald Trump kept going bankrupt yet getting richer. He bragged about making $40 million from his first 2 bankruptcies. My first thought was "If this is true, he belongs in jail". When American banks stopped lending to him, and his sleezy business tactics starting making the financial press, I kept wondering why he wasn't being charged with fraud. And still Trump kept filing for Chapter 11. The 7th in the series was Trump Hotel Toronto, which happened in 2016 while Trump was running for office.
So either Trump hasn't figured out how to make money other than bankrupting his investors, or he's the worst businessman in world history. In either case, Trump promised to run the economy the way he runs his business, which is very recklessly, fiscally incompetently, and completely corruptly, and this is one promise Trump has kept in spades.
The rest of the world will take itself off the US Dollar base currency standard, in order to protect itself from the next American economic collapse. We're already dumping our Treasury Bonds.
jc456
Diamond Member
- Dec 18, 2013
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I think if China is willing to rape its land and oppress its workers, we benefit. There isnt an unemployment issue in the US, there is a problem sharing the wealth.
Dragonlady
Designing Woman
American corporations have been awash in cash ever since they started off-shoring. While executive compensation has increased by over 1000% since 1980, worker wages, in real buying terms, have declined. The cost of labor, as a percentage of costs, is now LOWER than it was in the Guilded Age.
While GDP increased, employers said the gains were due to automation, and not the workers, so no raises for you. The executives deserved the raises because it was their brilliance which was making their companies so profitable. They absorbed increases in materials, supplies, insurance, premises, transportation, and everything else that goes into their bottom line, but cried poverty every time wage increases came up.
As one example, I'll use my job as law clerk. In 1980, when I had an electric typewriter and a photocopier, I used to close between 5 and 10 deals a month. I was paid $300 per week $1,300 per month. I billed $6000 per month. In 1985, I got a word processor, and suddenly, I could close 15 to 20 deals a month. I was now making $500 per week $2,200 per month, and I was billing $12,000 per month.
By the time I retired in 2011, with a fully computerized system, I could close 30 deals and bill $24,000 per month, and I was paid $4000 - 17% of billings. And while my earnings had tripled during this time frame, my employers earnings from my work, rose by 427%. And I'm one of those who wages actually grew during this time frame.
I have friends and family members who were making $14 per hour when NAFTA was ratified in the early 1990's, saw their wages drop like a stone after NAFTA came in, and finally got back to making $14 per hour in 2010.
This disparity has everything to do with government employment and taxation laws. The Chinese are not "stealing" your jobs. Neither are immigrants. Your CORPORATIONS are giving your jobs away. Nobody is "stealing" them at all. Your government and your corporations are screwing you over, and you keep letting it happen.
ColonelAngus
Diamond Member
- Feb 25, 2015
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Where is the land acknowledgment at the beginning of your posts? Indigenous peoples are the original stewards of the land from where you are posting.
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