Economics Thread

nsacpi said:
over $1,000 per family of four

that's the bottom line cost of the tariffs

you can deflect with "other things trump has done" if you want

but the bottom line is the average family of four ends 2025 with over $1,000 less in their bank account than if they hadn't had to pay higher prices directly due to the tariffs

that's why they are so grumpy

the stock market (largely due to the enthusiasm for AI) has done very well and generated a lot of wealth...that has helped keep the economy going...but that wealth is very concentrated...which is why you have such a divergence between how people feel and how the overall economy is doing

the average family of four has been hurt quite a bit by trump's tariffs

this is not complicated or mysterious
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The last democrat president cost us all a lot more than that per year.

I’m not sure I’d be so hard on year 1 and then give Joe Puddin head such a pass
 
Garmel said:
Real wages are higher than inflation.

Over 4% growth of the economy.

It will take time for unemployment to go down. You can't cut 9% of the government workforce and expect them to be absorbed immediately.
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American employment is doing ok.
 
Garmel said:
Real wages are higher than inflation.

Over 4% growth of the economy.

It will take time for unemployment to go down. You can't cut 9% of the government workforce and expect them to be absorbed immediately.
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And you believe those are *because* of tariffs?

Explain to me how tariffs are driving those numbers?
 
sturg33 said:
Also, a reminder.

Trump only initiated about half the tariffs he promised because markets responded so negatively. And he has also undone many of the tariffs he put on *specifically* to lower the costs on those items
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⬆️ … I’d rather chew on tin foil than argue with vacation boy who takes every bad news cycle off.

Merry Christmas to y’all. Even the pagans like nascpi
 
Garmel said:
How did we have such great economies with high tariffs before globalization happened?
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I think the American economy has a huge number of strengths. Enough to survive and even thrive with bad tariffs policy. It shouldn't make us indifferent to bad policy, which do have real effects.
 
nsacpi said:
I think the American economy has a huge number of strengths. Enough to survive and even thrive with bad tariffs policy. It shouldn't make us indifferent to bad policy, which do have real effects.
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It's impossible to dominate the world economically if tariffs are such a burden.
 
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