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.”