Quote:
Originally Posted by txdot-guy
The US economy is about 70 percent consumer spending. When people are afraid for their jobs, inflation, tariffs, the stock market, then they stop spending and start saving instead.
|
Quote:
Originally Posted by Tiny
I agree with you 80% of the time, but you're dead wrong on this. Unemployment is about 4%, and most of those 4% are either between jobs or they want to sit around on their asses. When you start moving all these low skilled jobs to the USA, working in garment factories and the like, who's going to do them? Well, it's sure not going to be immigrants or guest workers with Slimy Stephen Miller running the show. So maybe you take a software engineer or an electrician or a nurse and throw her on an assembly line. Bizarre.
Shouldn't Americans have the right to buy what they want? You certainly wouldn't put a gun to someone's head and say buy American or else. You wouldn't tax hard working people at 80%. Why would you run up prices on hard working Americans?
|
Unemployment is going to rise. It’s too early to make a prediction by how much but economic insecurity and the pullback of federal spending and employment are going to have an impact on who’s working.
Tariffs are nothing more than a tax on goods and services that will impact the lower income households the most. If the US economy is 70 percent consumer spending higher prices on goods will certainly decrease spending on lots of goods and services which will cause further unemployment as businesses pull back on their spending which will include more layoffs. This starts a cycle that will be difficult to reverse.
To answer the question, “Why would you run up prices on hard working Americans?”. The answer is obvious. Some form of Fox News inspired Mass Delusion.
