trump has either been lying about what his tariffs will do to the economy, or he himself doesn't understand what they will do

[tommy156]

He's either lying or doesn't know what he's talking about. Either way, it's not a good look for the POTUS to be so wrong about what is essentially Econ 101.

https://www.forbes.com/sites/dereksa...ikes-cfo-says/

trump’s Tariffs Will ‘Probably’ Cause Walmart Price Hikes, CFO Says

[bambino]

KABOOM! ��������

Trump just announced that Howard Lutnick will be Commerce Secretary. ��

Do you have any idea how big this is?

Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at

https://rumble.com/v5r1n2w-howard-lu...n-tariffs.html

ReTWEET

[HDGristle]

Tick tock. That first two years is gonna flu by. They better know where to start and hit the ground running because they may not get 4 to pull off all these things you want, Bam

[bambino]

Originally Posted by HDGristle

Tick tock. That first two years is gonna flu by. They better know where to start and hit the ground running because they may not get 4 to pull off all these things you want, Bam

NCSWIC

Did you mean “fly” by? Or are you suggesting another scamdemic!!!!!!!


BAHAHAHA

[HDGristle]

Holy shit. You actually read something

[tommy156]

Originally Posted by bambino

KABOOM! ��������

Trump just announced that Howard Lutnick will be Commerce Secretary. ��

Do you have any idea how big this is?

Lutnick speaks about eliminating income tax and fund the government solely on tariffs… just like Trump has been hinting at

https://rumble.com/v5r1n2w-howard-lu...n-tariffs.html

ReTWEET

It's funny how you just assume we're done with income tax simply because some guy has been talking about it. That's not how any of this works.

And what's the difference anyway? A tariff is a tax and a tax is a tariff. They'd just be robbing Peter to pay Paul. I guess you’re ok with more inflation then?

[bambino]

https://x.com/juliesnark1731/status/...642520625?s=42

[lustylad]

From the Forbes article:

"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."


So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!

Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.

Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??

That's like telling us to watch out for possible brush fires after you burned the barn down!

To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!

You should have posted this in Gristle's tariff thread.

[bambino]

Growing up, almost everything you bought had the “ Made in America” tag. It was the gold standard. People didn’t buy products made in China or anywhere else. Now, it’s hard to find the label “Made in America”. Our corrupt politicians, democrats and republicans, sold our manufacturing base away. So here we are. What Tommy doesn’t understand is that other countries charge tariffs on our products. Miraculously, we still have the biggest Economy and markets in the world. Trump has used Tarriffs as a bargaining chip. As heshould. Reciprocity. Trump has said there should be zero tariffs if other countries participate. Bring our manufacturing back home. Buy American. MAGA.

BTW Tommy, Joey Bribes kept Trumps tariffs in place and increased some of them. From CNN

“The Biden-Harris administration has kept most of these tariffs in place and increased the rate of some of the duties.”

[tommy156]

Originally Posted by lustylad

From the Forbes article:

"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."


So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!

Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.

Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??

That's like telling us to watch out for possible brush fires after you burned the barn down!

To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!

You should have posted this in Gristle's tariff thread.

The point is, prices will still be rising. They won't be going down, as falsely promised.

trump knows nothing about the economy. He inherited nearly all of his wealth and has never had to worry one bit about earning a paycheck.

How anyone can think he's some sort of financial genius is ludicrous. He bankrupted a casino multiple times, for fuck's sake. He doesn't know the first thing about fiscal responsibility.

And he's still either lying about what his tariffs will do, or he himself doesn't understand what they will do. Either way, gas and groceries won't be getting cheaper any time soon. Just another trump lie (or ignorant falsehood) that his dim bulb voters fell for.

[HDGristle]

Originally Posted by lustylad

From the Forbes article:

"0.3 to 0.4. Those are the percentage-point increases to annual inflation for the tariffs backed by Trump forecasted by economists at both Bank of America and Goldman Sachs."


So let's get this straight... Back in Jan. 2021, Biden/Harris inherited an annual inflation rate of 1.4% (12-month CPI increase). Their loose, reckless and spendthrift fiscal & monetary policies quickly pushed the rate up to 9.1% by June 2022. In other words, they increased inflation by more than six-fold in just 18 months!

Where were you then, tommy? Average Americans were getting crushed, yet I didn't hear a peep out of you.

Now you start a thread before Trump has even taken office warning us about a yet-to-be-implemented policy that - according to Goldman/BoA economists - could add a mere 0.3-0.4 percentage points to the annual inflation rate??

That's like telling us to watch out for possible brush fires after you burned the barn down!

To be clear, I'm a free trade advocate who generally doesn't support tariffs. But for you to act like you know anything about economics, let alone more than Trump and his incoming team do, is a real hoot!

You should have posted this in Gristle's tariff thread.

You left out the impact of Trump's deal with the Saudi's that he "masterfully" negotiated and then fucked us on when he didn't live up to his end.

Keep telling you guys, listen to Mr. Global.

[bambino]

Originally Posted by tommy156

The point is, prices will still be rising. They won't be going down, as falsely promised.

trump knows nothing about the economy. He inherited nearly all of his wealth and has never had to worry one bit about earning a paycheck.

How anyone can think he's some sort of financial genius is ludicrous. He bankrupted a casino multiple times, for fuck's sake. He doesn't know the first thing about fiscal responsibility.

And he's still either lying about what his tariffs will do, or he himself doesn't understand what they will do. Either way, gas and groceries won't be getting cheaper any time soon. Just another trump lie (or ignorant falsehood) that his dim bulb voters fell for.

How do you know this Tommy? Did you ever take Econ 101? If so, tell us what you learned. Here’s the thing, Economics is a soft science. There are few absolutes, but mostly based on what you believe. There’s Austrian economics, Keynesian economics, etc. Pick your religion. Trump slapped massive tariffs on China, which Joey Bribes kept in place. He gave that money to our farmers. Our Economy was still great. Under Trump that is. Not Joey Bribes. He laundered the money instead of putting it back into the economy.

[tommy156]

Economies are not made in a single term. They are inherited. trump was gifted a strong economy thanks to Obama's wildly successful 2nd term.

trump almost immediately started taking credit for Obama's economy, too, which far too many dipshits believed he created. Wrong. Biden inherited the post-Covid mess that the entire world had to go through.

trump's tariffs were part of how he exploded the debt by nearly 8 trillion in 4 years. He either doesn’t understand how they work, or he's lying. Either one is entirely plausible - but neither is good for working class people.

[bambino]

Originally Posted by tommy156

Economies are not made in a single term. They are inherited. trump was gifted a strong economy thanks to Obama's wildly successful 2nd term.

trump almost immediately started taking credit for Obama's economy, too, which far too many dipshits believed he created. Wrong. Biden inherited the post-Covid mess that the entire world had to go through.

trump's tariffs were part of how he exploded the debt by nearly 8 trillion in 4 years. He doesn’t understand how they work, or he's lying. Either one is entirely plausible - but neither is good for working class people.

Joey Bribes exploded the debt 12 trillion. Tommy, just admit it. You truly don’t understand, or studied economics. You’re in over your head. But hey, most people are. You’re just regurgitating twaddle. But trust me, things will get better for you. Just welcome it. The funny thing is, you won’t accept it!!!!!

[tommy156]

Originally Posted by bambino

Joey Bribes exploded the debt 12 trillion

Wrong. Again. About everything, as usual.

Biden added $4.3 trillion to the debt. Roughly half of what trump added. I have no idea where you pulled that "12 trillion" figure from, but I bet the sun doesn't shine there.

https://www.crfb.org/papers/trump-an...-national-debt