Economics Thread
- Thread starter sturg33
- Start date
Joe Biden, silly
Tapate50
Well-known member
For many reasons maybe including tarriffs but we have made cost controlled farming not possible. Everything has been too expensive to sell abroad at a profit. That was before tariffs though too
Cottons gonna lose 100-250 an acre
And yeah there are some emissions standards that were levied, not sure how much tha effected machinery costs
Last edited:
acesfull86
Well-known member
https://www.wsj.com/opinion/donald-...ost-him-598489c3?mod=opinion_recentauth_pos_1
Mr. Trump has spent the year alternating between blaming his predecessor for the economy’s performance and insisting that the situation is better than people realize. Mr. Biden tried the same approach, and we know how that worked out. Most Americans don’t like being told that they’re delusional or stupid or that their children should learn to make do with fewer dolls on Christmas. They understand that regardless of what Mr. Trump inherited, his policies are contributing to current conditions. They don’t like what they see, and what they see is higher prices for food, cars and energy. They also see a president clinging to his tariff initiatives like a toddler clings to a security blanket.
Increasing levies on imports has done more harm than good for America and its trading partners. It has raised sticker prices and the cost of operating a business. It has reduced international trade, which leads to more options for consumers at lower prices. Mr. Trump touts tariff revenue, which has increased, but he’s using that revenue to bail out farmers and other Americans who have been hurt by his trade protectionism. Remember, tariffs were sold as a way to increase domestic manufacturing jobs, not revenue. Last month’s jobs report showed a decline in manufacturing jobs.
Mr. Trump has spent the year alternating between blaming his predecessor for the economy’s performance and insisting that the situation is better than people realize. Mr. Biden tried the same approach, and we know how that worked out. Most Americans don’t like being told that they’re delusional or stupid or that their children should learn to make do with fewer dolls on Christmas. They understand that regardless of what Mr. Trump inherited, his policies are contributing to current conditions. They don’t like what they see, and what they see is higher prices for food, cars and energy. They also see a president clinging to his tariff initiatives like a toddler clings to a security blanket.
Increasing levies on imports has done more harm than good for America and its trading partners. It has raised sticker prices and the cost of operating a business. It has reduced international trade, which leads to more options for consumers at lower prices. Mr. Trump touts tariff revenue, which has increased, but he’s using that revenue to bail out farmers and other Americans who have been hurt by his trade protectionism. Remember, tariffs were sold as a way to increase domestic manufacturing jobs, not revenue. Last month’s jobs report showed a decline in manufacturing jobs.
Biggest drop in inflation since the month before the new policies were implemented is a very funny statistic.
Golden age upon us. The deck was stacked for 26 and we are going to see a great year. Everyone wants to build in America right now. Think I saw Rolls Royce bringing their production to America as well
Still very funny that the big win of the day is getting inflation to fall by not even as much as it did before Trump’s signature policy. It’s almost like there’s smoke to the affordability fire.
The narrative is quickly going to shift to yeah the economy is doing great but it could be doing better without trumps stupid tariffs.
But in reality the consumer is paying little to nothing of the tariffs. It’s primarily the suppliers as I’ve said from day 1. Eventually you guys will eat crow on that one. Maybe aces will post another meaningless cropped graph instead.
Can you give me a time where we didn’t have inflation and explain the economic conditions during that time?
sturg33
I
We've almost never had no inflation but up until 5 years ago 3% inflation would have been considered catastrophic
Got it - so inflation was out of control and Trump is reducing its rate of growth considers oh despite the proclamations that tariffs would increase inflation. And you don’t think this is a good thing?
I guess you’d cheer deflation?
sturg33
I
Trump is not slowing anything. If you asked me a year ago if I would be happy with 2.7% inflation a year into the admin id say he was a failure
For your awareness, 2.7% inflation means the dollar is worth half as much in 25 years. Thats a single generation.
Problem is, this is ON TOP of the historic inflation Trump v1 brought us and Biden accelerated, much like Trump.is accelerating Bidens
Its a disaster
The rate of inflation growth has been decreased - that’s the leading signal.
sturg33
I
I just dont know what to argue with you anymore. Its clear there is no data that will change your mind. You are a zealot for whatever the admin does
The data is crystal clear. You can look at the timeline and the policy aligning to specific price increases.
AND, as a reminder, Trump only followed through with about half the tarrifs he promised.
AND AND he has already pulled back on some of them because he ADMITTED its causing price increases.
This is just math. You can argue its good for other things but you cant argue it doesnt impact prices. Its just math