economic downturn on the way......?

[txdot-guy]

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.

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.

[69in2it69]

Originally Posted by golferguy55

Can you furnish a link that backs up your comment the most vocal Trump supporters have neither a IRA or Roth? We will patiently await that link.

My comment was I "think", aka my opinion based on the lack of understanding of basic economics. I am the source...perhaps you should peruse the "Is it a cult" thread.

[golferguy55]

Originally Posted by 69in2it69

My comment was I "think", aka my opinion based on the lack of understanding of basic economics. I am the source...perhaps you should peruse the "Is it a cult" thread.

So in other words you are spouting more of the liberal BS? I can assure you that I am no fan of Trump but I would venture to say that more of his rabid followers have some sort of retirement account in place.

[VitaMan]

The above post does not discuss anything about the thread topic.

[69in2it69]

Originally Posted by golferguy55

So in other words you are spouting more of the liberal BS? I can assure you that I am no fan of Trump but I would venture to say that more of his rabid followers have some sort of retirement account in place.

My context was meant for the vocal supporters on this forum, not overall.



I would say it's 75/25, just a wild ass guess. Trumpers usually fall into one of two categories, very wealthy or very poor to lower middle class. So you are correct, a significant number of his supporters are in that 1% who will benefit from his tax cuts. Most however, will not.


And since you called me a liberal, let me be very clear on this point. My first vote of my life was for Ron in '84. I very consistently voted Republican right up until the party went BSC in 2016...and trust me, you'd be hard pressed to find someone who wanted HRC less than me. It was the lesser of two evils, more people fell for a failed businessman who played someone on a reality show...and a million people died because he didn't want to admit there was a global pandemic.


He didn't lead then, and he's not leading now. Because he can't lead. And China just called his bluff.


And honestly, it's not him that's the worst, it's that the whole party is eating shit and calling it caviar.

[pxmcc]

yes..

[pxmcc]

tax the poor to give tax cuts to the rich. makes perfect sense..

voters' remorse much?..

no balanced budget. Trump, why tf you going after trade deficits while ignoring budget deficits? makes no sense at all...

.

Originally Posted by txdot-guy

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.